REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
REAL ASSET PARTNERS LONDON LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
REAL ASSET PARTNERS LONDON LLP |
REAL ASSET PARTNERS LONDON LLP (REGISTERED NUMBER: OC389577) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
REAL ASSET PARTNERS LONDON LLP |
GENERAL INFORMATION |
for the Year Ended 31 December 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
15 Hanover Square |
London |
W1S 1HS |
REAL ASSET PARTNERS LONDON LLP (REGISTERED NUMBER: OC389577) |
BALANCE SHEET |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
50,470 |
317,772 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
- |
193,493 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 50,470 | 74,279 |
Other reserves | 10 |
50,470 | 317,772 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | - | 193,493 |
Members' other interests | 50,470 | 124,279 |
Amounts due from members | 5 | (4,579 | ) | - |
45,891 | 317,772 |
REAL ASSET PARTNERS LONDON LLP (REGISTERED NUMBER: OC389577) |
BALANCE SHEET - continued |
31 December 2023 |
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. |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
REAL ASSET PARTNERS LONDON LLP (REGISTERED NUMBER: OC389577) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Real Asset Partners London LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - |
REAL ASSET PARTNERS LONDON LLP (REGISTERED NUMBER: OC389577) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts due from members | 4,579 | - |
Other debtors |
Other debtors - Gaia Capital | - | 1,160,692 |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
Accruals and deferred income |
REAL ASSET PARTNERS LONDON LLP (REGISTERED NUMBER: OC389577) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 2-5 years |
Loan from Gaia Capital Sarl | - | 1,262,565 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Within one year | 10,056 | 9,804 |
Between two and five years | 23,610 | 33,665 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
The balance owed to members is in respect of profit share. |
10. | RESERVES |
Other |
reserves |
£ |
At 1 January 2023 |
Transferred | (50,000 | ) |
At 31 December 2023 |
11. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the loan amount due from Real Asset Partners Limited was £nil (2022:£359,181) and is disclosed in notes 10 to the financial statements. The loans are unsecured and repayable after more than one year and bear interest at market rate. Interest payable on these loans amounts to £15,211 (2022: £15,548) during the year. |
12. | CONTROLLING PARTY |
Control of the partnership is determined according to the voting rights as specified in the Partnership Agreement. M D'Arro is the immediate controlling party. |