Registration number:
RTP Global RE Investments GP LLP
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RTP Global RE Investments GP LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Statement of Financial Position |
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Notes to the Financial Statements |
RTP Global RE Investments GP LLP
Limited liability partnership information
Designated members |
SL1 Asset Management Ltd ru-Net Enterprises Limited |
Members |
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Registered office |
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Auditors |
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RTP Global RE Investments GP LLP
Statement of Financial Position as at 31 December 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
599 |
550,225 |
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Members’ other interests |
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Members' capital classified as equity |
100 |
100 |
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699 |
550,325 |
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Total members' interests |
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Loans and other debts due to members |
599 |
550,225 |
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Equity |
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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
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Registration number: OC428663
RTP Global RE Investments GP LLP
Notes to the Financial Statements for the Year Ended 31 December 2023
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
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.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Auditor's remuneration |
2023 |
2022 |
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Audit of the financial statements |
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RTP Global RE Investments GP LLP
Notes to the Financial Statements for the Year Ended 31 December 2023
Debtors |
2023 |
2022 |
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Other debtors |
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Prepayments and accrued income |
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- |
444,320 |
557,218 |
Creditors: Amounts falling due within one year |
2023 |
2022 |
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Trade creditors |
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Other creditors |
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- |
Accruals and deferred income |
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