REGISTERED NUMBER: |
ADDINGTON CAPITAL INVESTMENTS 2 LLP |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
ADDINGTON CAPITAL INVESTMENTS 2 LLP |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
ADDINGTON CAPITAL INVESTMENTS 2 LLP (REGISTERED NUMBER: OC420203) |
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 |
Chartered Accountants' Report | 7 |
ADDINGTON CAPITAL INVESTMENTS 2 LLP |
General Information |
for the Year Ended 31 December 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Granville House |
2 Tettenhall Road |
Wolverhampton |
West Midlands |
WV1 4SB |
ADDINGTON CAPITAL INVESTMENTS 2 LLP (REGISTERED NUMBER: OC420203) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |
(68,379 |
) |
(55,838 |
) |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,000 | 1,000 |
Other reserves | ( |
) | ( |
) |
(68,379 | ) | (55,838 | ) |
TOTAL MEMBERS' INTERESTS |
Members' other interests | (68,379 | ) | (55,838 | ) |
Amounts due from members | (999 | ) | (999 | ) |
(69,378 | ) | (56,837 | ) |
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. |
ADDINGTON CAPITAL INVESTMENTS 2 LLP (REGISTERED NUMBER: OC420203) |
Balance Sheet - continued |
31 December 2023 |
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 |
ADDINGTON CAPITAL INVESTMENTS 2 LLP (REGISTERED NUMBER: OC420203) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Addington Capital Investments 2 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 |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investments in subsidiaries are measured at cost less accumulated impairment. |
Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. |
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. |
Associates and Joint Ventures are held at cost less impairment |
Going concern |
The financial statements have been prepared on a going concern basis. |
The members have carefully reviewed the future prospects of the LLP and its future cash flows, having assessed this the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future being at least the next 12 months from signing of these financial statements. |
For this reason the members continue to adopt the going concern basis for the preparation of the financial statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the LLP was unable to continue as a going concern. |
Division and distribution of profits |
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP,which it has the unconditional right to avoid making. |
The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' |
remuneration charged as an expense' in the Profit and Loss Account. |
In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense' where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically. |
ADDINGTON CAPITAL INVESTMENTS 2 LLP (REGISTERED NUMBER: OC420203) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Member's remuneration and capital |
Profits shall be allocated and distributed amongst the members and distributed to members in the proportion that each member’s units bears to the total number of units in issue, unless the members decides otherwise. |
The members may, by members’ resolution, elect to withhold a distribution if, in their reasonable opinion: |
(i) There is insufficient cash available therefor; |
(ii) The LLP is insolvent or would, as a result of the payment of the distribution, become insolvent; or |
(iii) The distribution would or might leave the LLP with insufficient funds to meet any future contemplated obligations, liabilities or contingencies. |
The members shall procure that, to the extent that the profits have not previously been distributed to the members and it is legally permitted and subject to the LLP having available the necessary cash resources, a distribution shall be made to each member to enable the member to discharge any UK tax liability by the relevant due date. Each member shall be treated equally in respect of such distribution and accordingly the fact that a member is entitled to reduce or offset any such liability with tax losses or by any other means shall be ignored and all such distributions shall be made at the same time to each member notwithstanding that the due date for payment of taxation by one member shall not be a due date of payment of taxation |
by another member. On the winding up of the LLP, any surplus after discharging all liabilities of the LLP and the expenses of the winding up and after repaying amounts credited to the accounts of the members shall be distributed to the members in the proportion that each member’s units bears to the total number of units in issue |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
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 |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed to associates | 65,048 | 55,063 |
Accrued expenses |
ADDINGTON CAPITAL INVESTMENTS 2 LLP (REGISTERED NUMBER: OC420203) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
6. | RELATED PARTY DISCLOSURES |
Included in debtors is £999 (2022: £999) owed by the members to the LLP at the end of the year. |
Included in other creditors is the amount owed to an LLP with common members of £35,085 (2022: £32,954). This amount is interest fee and repayable on demand. |
Included in other creditors is the amount owed to an LLP with beneficial interest of £29,963 (2022: £22,109). This amount is interest fee and repayable on demand. |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Addington Capital Investments 2 LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Addington Capital Investments 2 LLP for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of Addington Capital Investments 2 LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Addington Capital Investments 2 LLP and state those matters that we have agreed to state to the members of Addington Capital Investments 2 LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Addington Capital Investments 2 LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Addington Capital Investments 2 LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Addington Capital Investments 2 LLP. You consider that Addington Capital Investments 2 LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Addington Capital Investments 2 LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Granville House |
2 Tettenhall Road |
Wolverhampton |
West Midlands |
WV1 4SB |
Date: ............................................. |