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REGISTERED NUMBER: OC346956 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Kondor Management LLP

Kondor Management LLP (Registered number: OC346956)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Kondor Management LLP (Registered number: OC346956)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Investments 6 277,685 277,685
277,685 277,685

CURRENT ASSETS
Debtors 1,884 9,998
Cash at bank 2,911 3,784
4,795 13,782
CREDITORS
Amounts falling due within one year 104,366 102,943
NET CURRENT LIABILITIES (99,571 ) (89,161 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

178,114

188,524

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

178,114

188,524

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 178,114 188,524

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2024.

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.

Kondor Management LLP (Registered number: OC346956)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30th October 2024 and were signed by:




MJ Shirley Trading LLP - Designated member




Arquine LLP - Designated member


Kondor Management LLP (Registered number: OC346956)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Kondor Management LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC346956

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012 was fully amortised in the previous year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Kondor Management LLP (Registered number: OC346956)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 2,863,488
AMORTISATION
At 1st April 2023
and 31st March 2024 2,863,488
NET BOOK VALUE

At 31st March 2024 -
At 31st March 2023 -

Kondor Management LLP (Registered number: OC346956)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. FIXED ASSET INVESTMENTS

The balance held within Fixed Asset Investment represents the LLP’s capital account outstanding as at the balance sheet date in OSTC Limited and various other investments.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 178,114 188,524

Falling due within one year 178,114 188,524

The balances shown above would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

8. RELATED PARTY DISCLOSURES

The designated members MJ Shirley Trading LLP, KJ2 Futures LLP and Arquine LLP are shareholders of OSTC Capital Limited.

During the year the LLP has been a shareholder in OSTC Limited. The company holds 17,825 ordinary D shares which represents a shareholding of 8.2%. Mr M J Shirley, a designated member of MJ Shirley Trading LLP, is a director of OSTC Limited.