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REGISTERED NUMBER: OC396648 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PLANET RICHES LLP

PLANET RICHES LLP (REGISTERED NUMBER: OC396648)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

General Information 1

Balance Sheet 2

Reconciliation of Members' Interests 4

Notes to the Financial Statements 6


PLANET RICHES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







Designated members: Savina International Inc.
Vistra (Geneva) SA





Registered office: 7th Floor
50 Broadway
London
SW1H 0DB





Registered number: OC396648 (England and Wales)






PLANET RICHES LLP (REGISTERED NUMBER: OC396648)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes $    $   
CURRENT ASSETS
Debtors 4 61,790 60,031
Cash at bank 388,265 411,618
450,055 471,649
CREDITORS
Amounts falling due within one year 5 (5,868 ) (8,802 )
NET CURRENT ASSETS 444,187 462,847
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 444,187 462,847

LOANS AND OTHER DEBTS DUE TO
MEMBERS

444,031

462,691

MEMBERS' OTHER INTERESTS
Members' capital classified as equity 156 156
444,187 462,847

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 444,031 462,691
Members' other interests 156 156
Amounts due from members 4 (32,146 ) (21,183 )
412,041 441,664

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 November 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.

PLANET RICHES LLP (REGISTERED NUMBER: OC396648)

BALANCE SHEET - continued
30 NOVEMBER 2023


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

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 28 November 2024 and were signed by:




Vistra (Geneva) SA - Designated member




Savina International Inc. - Designated member


PLANET RICHES LLP (REGISTERED NUMBER: OC396648)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
$    $    $   
Balance at 1 December 2022 156 - 156
Loss for the financial year available for discretionary
division among members

-

(10,963

)

(10,963

)
Members' interests after loss for the year 156 (10,963 ) (10,807 )
Other divisions of loss - 10,963 10,963
Balance at 30 November 2023 156 - 156

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
$    $   
Amount due to members 444,031
Amount due from members (21,183 )
Balance at 1 December 2022 422,848 423,004
Loss for the financial year available for discretionary
division among members

-

(10,963

)

Members' interests after loss for the year 422,848 412,041
Other divisions of loss (10,963 ) -
Amount due to members 444,031
Amount due from members (32,146 )
Balance at 30 November 2023 411,885 412,041

PLANET RICHES LLP (REGISTERED NUMBER: OC396648)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
$    $    $   
Balance at 1 December 2021 156 - 156
Loss for the financial year available for discretionary
division among members

-

(8,048

)

(8,048

)
Members' interests after loss for the year 156 (8,048 ) (7,892 )
Other divisions of loss - 8,048 8,048
Drawings on account and distributions of profit - - -
Balance at 30 November 2022 156 - 156

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
$    $   
Amount due to members 462,691
Amount due from members -
Balance at 1 December 2021 462,691 462,847
Loss for the financial year available for discretionary
division among members

-

(8,048

)

Members' interests after loss for the year 462,691 454,799
Other divisions of loss (8,048 ) -
Drawings on account and distributions of profit (13,135 ) (13,135 )
Amount due to members 462,691
Amount due from members (21,183 )
Balance at 30 November 2022 441,508 441,664

PLANET RICHES LLP (REGISTERED NUMBER: OC396648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Planet Riches LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The company's functional and presentational currency is US dollar (USD) and the financial statements have been rounded to the nearest US dollar ($).

2. ACCOUNTING POLICIES

Basis of preparation of 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US dollar at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollar at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
$    $   
Other debtors 61,790 60,031

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
$    $   
Trade creditors 5,518 8,802
Other creditors 350 -
5,868 8,802