Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 true 1 January 2023 31 December 2023 31 December 2023 SO305174 Hermes International Group Limited Mr M Van Rensburg Mrs N Nezar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO305174 2022-12-31 SO305174 2023-12-31 SO305174 2023-01-01 2023-12-31 SO305174 frs-core:CurrentFinancialInstruments 2023-12-31 SO305174 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 SO305174 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 SO305174 frs-bus:FullAccounts 2023-01-01 2023-12-31 SO305174 frs-bus:SmallEntities 2023-01-01 2023-12-31 SO305174 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SO305174 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SO305174 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 SO305174 frs-core:CurrentFinancialInstruments 1 2023-12-31 SO305174 frs-core:Non-currentFinancialInstruments 1 2023-12-31 SO305174 frs-countries:Scotland 2023-01-01 2023-12-31 SO305174 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 SO305174 frs-bus:PartnerLLP1 2023-12-31 SO305174 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 SO305174 frs-bus:PartnerLLP3 2023-01-01 2023-12-31 SO305174 frs-bus:PartnerLLP3 2023-12-31 SO305174 frs-bus:PartnerLLP4 2023-01-01 2023-12-31 SO305174 frs-bus:PartnerLLP4 2023-12-31 SO305174 frs-bus:PartnerLLP5 2023-01-01 2023-12-31 SO305174 frs-bus:PartnerLLP5 2023-12-31 SO305174 2021-12-31 SO305174 2022-12-31 SO305174 2022-01-01 2022-12-31 SO305174 frs-core:CurrentFinancialInstruments 2022-12-31 SO305174 frs-core:OtherReservesSubtotal 2021-12-31 SO305174 frs-core:CurrentFinancialInstruments 1 2022-12-31 SO305174 frs-core:Non-currentFinancialInstruments 1 2022-12-31 SO305174 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: SO305174
Green Polymers LLP
Members' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
LLP Information 1
Members' Report 2
Profit and Loss Account 3
Balance Sheet 4—5
Reconciliation of Members' Interests 6—7
Notes to the Financial Statements 7
Page 1
LLP Information
Designated Members Hermes International Group Limited
Mr M Van Rensburg
Mrs N Nezar
LLP Registration Number SO305174
Registered Office 9a
Tinto Place
Edinburgh
EH6 5GD
Page 1
Page 2
Members' Report
The members present their report and the financial statements for the year ended 31 December 2023.
Principal Activity
The LLP's principal activity continues to be that of provision of logistic services.
Members
The designated members who held office during the year were as follows:
Interlaw Corporate Limited Resigned 06/12/2023
Rizza Management Limited Resigned 06/12/2023
Hermes International Group Limited
Mr M Van Rensburg Appointed 06/12/2023
Mrs N Nezar Appointed 06/12/2023
Statement of Members' Responsibilities
The members are responsible for preparing the financial statements in accordance with applicable law and regulations.Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss for that period. In preparing the financial statements the members are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Signed on behalf of the members by
Mr M Van Rensburg
Designated Member
30/10/2024
Page 2
Page 3
Profit and Loss Account
2023 2022
Notes £ £
Interest payable and similar charges 2,111 839
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS 2,111 839
The notes on page 7 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,485,170 1,504,823
Cash at bank and in hand 410 420
1,485,580 1,505,243
Creditors: Amounts Falling Due Within One Year 5 (941,088 ) (962,862 )
NET CURRENT ASSETS (LIABILITIES) 544,492 542,381
TOTAL ASSETS LESS CURRENT LIABILITIES 544,492 542,381
NET ASSETS ATTRIBUTABLE TO MEMBERS 544,492 542,381
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 544,392 542,281
544,392 542,281
Equity
Members' other interests
Members' capital 100 100
100 100
544,492 542,381
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 544,392 542,281
Members' other interests 100 100
544,492 542,381
Page 4
Page 5
For the year ending 31 December 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
On behalf of the members
Mr M Van Rensburg
Designated Member
30/10/2024
The notes on page 7 form part of these financial statements.
Page 5
Page 6
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Other amounts Total members' interest
£ £ £ £ £
Amounts due to members - - - 541,442 -
Balance at 1 January 2022 100 - 100 541,442 541,542
Profit/(loss) for the financial year available for discretionary division among members - 839 839 - 839
Members' interests after profit/(loss) for the year 100 839 939 541,442 542,381
Other divisions of profits (losses) - (839) (839) 839 -
Amounts due to members - - - 542,281 -
As at 31 December 2022 and 1 January 2023 100 - 100 542,281 542,381
Profit/(loss) for the financial year available for discretionary division among members - 2,111 2,111 - 2,111
Members' interests after profit/(loss) for the year 100 2,111 2,211 542,281 544,492
Other divisions of profits (losses) - (2,111) (2,111) 2,111 -
Amounts due to members - - - 544,392 -
As at 31 December 2023 100 - 100 544,392 544,492
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Green Polymers LLP is a limited liability partnership, incorporated in Scotland, registered number SO305174 . The Registered Office is 9a , Tinto Place, Edinburgh, EH6 5GD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 972,488 980,226
Prepayments 186,313 190,643
Loans (2) - 266,856
1,158,801 1,437,725
Due after more than one year
Loans (1) 326,369 67,098
1,485,170 1,504,823
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Loans 252,440 258,210
Accruals and deferred income 688,648 704,652
941,088 962,862
6. Loans and other debts due to members
In the event of a winding up of the LLP, amounts classified as 'other debts due to members' would rank behind other non-secured creditors. There are no restrictions that exist on the ability of members to reduce the amounts classifies as 'members capital'.
Page 7