Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 OC389146 Graum Trading Ltd Moderus Ventures Ltd T. Mindich true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC389146 2022-11-30 OC389146 2023-11-30 OC389146 2022-12-01 2023-11-30 OC389146 frs-core:CurrentFinancialInstruments 2023-11-30 OC389146 frs-core:FurnitureFittings 2023-11-30 OC389146 frs-core:FurnitureFittings 2022-12-01 2023-11-30 OC389146 frs-core:FurnitureFittings 2022-11-30 OC389146 frs-bus:LimitedLiabilityPartnershipLLP 2022-12-01 2023-11-30 OC389146 frs-bus:LimitedLiabilityPartnershipsSORP 2022-12-01 2023-11-30 OC389146 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 OC389146 frs-bus:SmallEntities 2022-12-01 2023-11-30 OC389146 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 OC389146 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 OC389146 1 2022-12-01 2023-11-30 OC389146 frs-countries:EnglandWales 2022-12-01 2023-11-30 OC389146 frs-bus:PartnerLLP1 2022-12-01 2023-11-30 OC389146 frs-bus:PartnerLLP2 2022-12-01 2023-11-30 OC389146 2021-11-30 OC389146 2022-11-30 OC389146 2021-12-01 2022-11-30 OC389146 frs-core:CurrentFinancialInstruments 2022-11-30
Registered number: OC389146
Meylor Global LLP
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC389146
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 27,474
- 27,474
CURRENT ASSETS
Stocks 5 6,090,936 5,920,480
Receivables 6 5,017,453 6,959,750
Cash at bank and in hand 92,114 59,024
11,200,503 12,939,254
Payables: Amounts Falling Due Within One Year 7 (11,200,403 ) (12,966,628 )
NET CURRENT ASSETS (LIABILITIES) 100 (27,374 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100 100
NET ASSETS ATTRIBUTABLE TO MEMBERS 100 100
REPRESENTED BY:
Equity
Members' other interests
Members' capital 100 100
100 100
TOTAL MEMBERS' INTEREST
Amounts due from members (2,756,928) (38,228)
Members' other interests 100 100
(2,756,828) (38,128)
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For the year ending 30 November 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Graum Trading Ltd
Designated Member
17/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Meylor Global LLP is a limited liability partnership, incorporated in England & Wales, registered number OC389146 . The Registered Office is F15 Floor Kestrel House, Knightrider Street, Maidstone, ME15 6LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice ‘Accounting by Limited Liability Partnerships’ issued in December 2021.
The functional currency of the LLP is considered to be pounds sterling (£) because that is the currency that mainly influences its revenue and expenditure. The financial statements are presented in pounds sterling (£).
2.2. Going Concern Disclosure
The members have considered the LLP’s financial position, liquidity and future performance together with financial projections for the LLP over the foreseeable future. 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, they continue to adopt the going concern basis in preparing the annual financial statements.
2.3. Turnover
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33.33% straight line basis
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less estimated cost of disposal. 
2.6. Financial Instruments
The LLP only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Tax
Income tax payable on the allocation of profits to partners is the personal liability of the partners and hence is not shown in these financial statements.
2.9. Receivables
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
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2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and subject to an insignificant risk of change in value.
2.11. Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.12. Members' remuneration and division of profits
Profits attributable to members are determined,allocated and divided between members at the year end in accordance with the agreement. Profit allocation of members is charged as an expense in the profit and loss account. At the year end any undrawn allocated profits are included within loans and other debts due to members.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 40,020
Disposals (27,474 )
As at 30 November 2023 12,546
Depreciation
As at 1 December 2022 12,546
As at 30 November 2023 12,546
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 27,474
5. Stocks
2023 2022
£ £
Stock 6,090,936 5,920,480
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6. Receivables
2023 2022
£ £
Due within one year
Trade debtors 1,770,905 6,888,896
Other debtors 32,396 32,626
Amounts due from related parties 457,224 -
Amounts due from members 2,756,928 38,228
5,017,453 6,959,750
The amount due from related parties disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.
7. Payables: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,229,625 4,113,405
Other loans 8,963,578 8,753,986
Accruals and deferred income 7,200 3,600
Amounts owed to related parties - 95,637
11,200,403 12,966,628
The amount owed to related parties disclosed as falling due within one year is unsecured, payable on demand and is non-interest bearing.
The loan payable, disclosed as falling due within one year, is unsecured, repayable on demand, and bears interest.
8. Post Balance Sheet Events
There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.
9. Related Party Transactions
As of the year-end, an amount of £220,604 (2022: £95,637 owed to T. Mindich) was due from T. Mindich, the beneficial owner of the LLP. Additionally, as of 30 November 2023, an amount of £236,621 (2022: £Nil) was due from MEYLOR DIAMONDS DMCC, an entity owned by the same beneficial owner, T. Mindich. 
There were no other related party transactions to disclose.
10. Ultimate Controlling Party
The LLP does not have a parent undertaking. The majority shareholder of the two corporate members, T. Mindich , is deemed to be the ultimate controlling party.
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