Marine Services Poole LLP OC401654 false 2023-10-01 2024-03-31 2024-03-31 The principal activity of the company is Consultancy in the Marine Industry Digita Accounts Production Advanced 6.30.9574.0 true OC401654 2023-10-01 2024-03-31 OC401654 2024-03-31 OC401654 core:OtherReservesSubtotal 2024-03-31 OC401654 core:CurrentFinancialInstruments 2024-03-31 OC401654 core:WithinOneYear 2024-03-31 OC401654 bus:SmallEntities 2023-10-01 2024-03-31 OC401654 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-03-31 OC401654 bus:FilletedAccounts 2023-10-01 2024-03-31 OC401654 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-03-31 OC401654 bus:PartnerLLP3 2023-10-01 2024-03-31 OC401654 bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-03-31 OC401654 countries:AllCountries 2023-10-01 2024-03-31 OC401654 2022-10-01 2023-09-30 OC401654 2023-09-30 OC401654 core:OtherReservesSubtotal 2023-09-30 OC401654 core:CurrentFinancialInstruments 2023-09-30 OC401654 core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: OC401654

Marine Services Poole LLP

Annual Report and Unaudited Financial Statements

for the period from 1 October 2023 to 31 March 2024

 

Marine Services Poole LLP

Contents

Financial Statements

1 to 3

Balance Sheet

1

Notes to the Financial Statements

2

 

Marine Services Poole LLP

(Registration number: OC401654)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash and short-term deposits

 

8,112

8,154

Creditors: Amounts falling due within one year

3

(1,042)

(817)

Net assets attributable to members

 

7,070

7,337

Represented by:

 

Loans and other debts due to members

 

Other amounts

4

1,000

1,000

Members’ other interests

 

Other reserves

 

6,070

6,337

   

7,070

7,337

Total members' interests

 

Loans and other debts due to members

 

1,000

1,000

Equity

 

6,070

6,337

   

7,070

7,337

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Marine Services Poole LLP (registered number OC401654) were approved by the Board and authorised for issue on 27 November 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr A D M Baker
Designated member

 

Marine Services Poole LLP

Notes to the Financial Statements for the Period from 1 October 2023 to 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Marine Services Poole LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

 

Marine Services Poole LLP

Notes to the Financial Statements for the Period from 1 October 2023 to 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 0 (2023 - 2).

3

Creditors: Amounts falling due within one year

31 March 2024
 £

30 September 2023
 £

Other creditors

1,042

817

4

Analysis of other amounts

2024
£

2023
£

Money advanced to the LLP by the members by way of loan

1,000

1,000

5

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.