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Registration number: OC428663

RTP Global RE Investments GP LLP

Annual Report and Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants and Statutory Auditor

130 Shaftesbury Avenue
London
W1D 5AR

 

RTP Global RE Investments GP LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Statement of Financial Position

2

Notes to the Financial Statements

3

 

RTP Global RE Investments GP LLP

Limited liability partnership information

Designated members

SL1 Asset Management Ltd

ru-Net Enterprises Limited
 

Members

Maria Krayukhina

Registered office

86 Jermyn Street
London
SW1Y 6AW

Auditors

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

RTP Global RE Investments GP LLP

Statement of Financial Position as at 31 December 2023

Note

2023
 £

2022
 £

Current assets

 

Debtors

4

444,320

557,218

Cash and short-term deposits

 

29,106

833

 

473,426

558,051

Creditors: Amounts falling due within one year

5

(472,727)

(7,726)

Net assets attributable to members

 

699

550,325

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

599

550,225

Members’ other interests

 

Members' capital classified as equity

 

100

100

   

699

550,325

Total members' interests

 

Loans and other debts due to members

 

599

550,225

Equity

 

100

100

   

699

550,325

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements of RTP Global RE Investments GP LLP (registered number OC428663) were approved by the Board and authorised for issue on 23 September 2024. They were signed on behalf of the limited liability partnership by:

.........................................
SL1 Asset Management Ltd
Designated member

Registration number: OC428663

 

RTP Global RE Investments GP LLP

Notes to the Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' section 1A and the Companies Act 2006 as applied to Limited Liability Partnerships.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is:

86 Jermyn Street
London
SW1Y 6AW

The principal activity of the limited liability partnership is that of fund management.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items may be shown at fair value.

The functional currency of the limited liability partnership is considered to be pounds sterling as that is the currency of the primary economic environment in which the entity operates. Foreign operations are included in accordance with the policies set out below.

Going concern

The members have considered the potential effect of the ongoing economic uncertainty in the United Kingdom and the members' view is that there will be no significant impact. The underlying business from which the LLP derives its revenue has not seen its profitability or working capital diminish as a result of the current economic environment.

After making enquiries, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the members continue to adopt the going concern basis in preparing the financial statements.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 September 2024 was Martin Widdowson, who signed for and on behalf of Brebners.

Exemption from preparing group accounts

The limited liability partnership is part of a small group. The limited liability partnership has taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006, as applied to limited liability partnerships, and has not prepared group accounts.

 

RTP Global RE Investments GP LLP

Notes to the Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates and VAT.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the LLP's profits is the personal liability of the members, although payment of such liabilities may be administered by the LLP on behalf of its members. Consequently, neither LLP taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2022 - 0).

3

Auditor's remuneration

2023
 £

2022
 £

Audit of the financial statements

3,300

3,150

 

RTP Global RE Investments GP LLP

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Debtors

2023
 £

2022
 £

Other debtors

435,345

557,218

Prepayments and accrued income

8,975

-

444,320

557,218

5

Creditors: Amounts falling due within one year

2023
 £

2022
 £

Trade creditors

9,000

1,476

Other creditors

457,677

-

Accruals and deferred income

6,050

6,250

472,727

7,726