Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC403342 I.T.D. Holding Properties Limited Ms Olga Gavriilidou Ms Inessa Samokhvalova true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC403342 2022-12-31 OC403342 2023-12-31 OC403342 2023-01-01 2023-12-31 OC403342 frs-core:CurrentFinancialInstruments 2023-12-31 OC403342 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC403342 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC403342 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC403342 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC403342 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC403342 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC403342 1 2023-01-01 2023-12-31 OC403342 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC403342 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC403342 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC403342 2021-12-31 OC403342 2022-12-31 OC403342 2022-01-01 2022-12-31 OC403342 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC403342
Redboats Capital LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC403342
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 3,944,846 3,678,978
3,944,846 3,678,978
Creditors: Amounts Falling Due Within One Year 4 (1,123,555 ) (1,080,322 )
NET CURRENT ASSETS (LIABILITIES) 2,821,291 2,598,656
TOTAL ASSETS LESS CURRENT LIABILITIES 2,821,291 2,598,656
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,821,291 2,598,656
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 2,821,291 2,598,656
2,821,291 2,598,656
2,821,291 2,598,656
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 2,821,291 2,598,656
2,821,291 2,598,656
Page 1
Page 2
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 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
I.T.D. Holding Properties Limited
Designated Member
06/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redboats Capital LLP is a limited liability partnership, incorporated in England & Wales, registered number OC403342 . The Registered Office is 1st Floor 14 Bowling Green Lane, London, United Kingdom , EC1R 0BD.
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.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables 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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, 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 receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
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2.3.
Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2022: 2)
2 2
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 761 -
Bank loans and overdrafts 56,622 14,150
Other creditors 1,066,172 1,066,172
1,123,555 1,080,322
5. Ultimate Controlling Party
The LLP's ultimate controlling party is Ms Inessa Samokhvalova .
Page 4