REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Fluid System Technologies (Scotland) |
FSTS LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Fluid System Technologies (Scotland) |
FSTS LLP |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Fluid System Technologies (Scotland) |
FSTS LLP |
General Information |
for the year ended 31 December 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
St George's Court |
Winnington Avenue |
Northwich |
Cheshire |
CW8 4EE |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Report of the Members |
for the year ended 31 December 2023 |
The members present their report with the financial statements of the LLP for the year ended 31 December 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of an investment partnership. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The loss for the year before members' remuneration and profit shares was £535 (2022 - £400 loss). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Income Statement |
for the year ended 31 December 2023 |
2023 | 2022 |
£ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
OPERATING LOSS and |
LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Debt instruments | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,499,182 |
1,499,184 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
182 |
184 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,499,000 | 1,499,000 |
1,499,182 | 1,499,184 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 182 | 184 |
Members' other interests | 1,499,000 | 1,499,000 |
Amounts due from members | (8,667 | ) | (8,134 | ) |
1,490,515 | 1,491,050 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Balance Sheet - continued |
31 December 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Fluid System Technologies (Scotland) FSTS LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Basic debt instruments |
Financial assets held as debt instruments are measured at amortised cost. Amortised cost is the amount initially recognised, adjusted for the cumulative amortisation using the effective interest method of any differences between the initial amount and the maturity amount, less any reduction for impairment or uncollectability. |
Financial assets held as equity instruments are recognised initially at the transaction price (including transaction costs). At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss account immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date. |
Investment income is recognised in the financial statements when the LLP becomes entitled to its share of profits from the financial instrument. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBT INSTRUMENTS |
Other |
investments |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Amount owed to group undertakings are interest free and repayable on demand. |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Fluid System Technologies (Scotland) |
FSTS LLP (Registered number: SO305345) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is Fluid System Technologies (Scotland) Limited . |