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REGISTERED NUMBER: OC427742 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30 October 2023

for

Great Britain Top Team LLP

Great Britain Top Team LLP (Registered number: OC427742)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Great Britain Top Team LLP

General Information
for the Year Ended 30 October 2023







DESIGNATED MEMBERS: M Barrett
B S C Pickett
Totem Mma Limited





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: OC427742 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Great Britain Top Team LLP (Registered number: OC427742)

Report of the Members
for the Year Ended 30 October 2023

The members present their report with the financial statements of the LLP for the year ended 30 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of sports activities

DESIGNATED MEMBERS
The designated members during the year under review were:

M Barrett
B S C Pickett
Totem Mma Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £223,451 (2022 - £389,200 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M Barrett - Designated member


30 October 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Great Britain Top Team LLP


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 Great Britain Top Team LLP for the year ended 30 October 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 Great Britain Top Team 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 Great Britain Top Team LLP and state those matters that we have agreed to state to the members of Great Britain Top Team 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 Great Britain Top Team LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Great Britain Top Team 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 Great Britain Top Team LLP. You consider that Great Britain Top Team 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 Great Britain Top Team 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.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


Date: .............................................

Great Britain Top Team LLP (Registered number: OC427742)

Income Statement
for the Year Ended 30 October 2023

Period
1/11/21
Year Ended to
30/10/23 30/10/22
Notes £    £   

TURNOVER 336,979 153,666

Cost of sales 179,350 114,469
GROSS PROFIT 157,629 39,197

Administrative expenses 381,080 428,618
(223,451 ) (389,421 )

Other operating income - 221
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





(223,451





)





(389,200





)

Great Britain Top Team LLP (Registered number: OC427742)

Balance Sheet
30 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 203,656 248,245

CURRENT ASSETS
Stocks 5,748 5,748
Debtors 6 909,270 661,862
Cash at bank 7,330 7,255
922,348 674,865
CREDITORS
Amounts falling due within one year 7 1,126,004 923,110
NET CURRENT LIABILITIES (203,656 ) (248,245 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE
TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (812,379 ) (538,928 )

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 30 October 2023.

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.

Great Britain Top Team LLP (Registered number: OC427742)

Balance Sheet - continued
30 October 2023


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

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





M Barrett - Designated member

Great Britain Top Team LLP (Registered number: OC427742)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Great Britain Top Team 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
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 1 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

Period
1/11/21
Year Ended to
30/10/23 30/10/22
£    £   
Depreciation - owned assets 47,560 58,631

Great Britain Top Team LLP (Registered number: OC427742)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 31 October 2022 190,825 135,441 8,550 334,816
Additions (1,006 ) 3,512 465 2,971
At 30 October 2023 189,819 138,953 9,015 337,787
DEPRECIATION
At 31 October 2022 37,396 46,587 2,588 86,571
Charge for year 22,864 23,091 1,605 47,560
At 30 October 2023 60,260 69,678 4,193 134,131
NET BOOK VALUE
At 30 October 2023 129,559 69,275 4,822 203,656
At 30 October 2022 153,429 88,854 5,962 248,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,228 1,273
Other debtors 906,042 660,589
909,270 661,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,199 43,995
Taxation and social security 3,355 1,189
Other creditors 1,110,450 877,926
1,126,004 923,110

8. RELATED PARTY DISCLOSURES

Great Britain Top Team LLP is connected to Totem Care Limited by Mr M Barrett who is a director and shareholder of the company.

At the balance sheet date Great Britain Top Team LLP owed Totem Care Limited £1,110,375 (2022 £876,559) , this is included in Other Creditors.