REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
PLANET RICHES LLP |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
PLANET RICHES LLP (REGISTERED NUMBER: OC396648) |
BALANCE SHEET |
30 NOVEMBER 2023 |
30/11/23 | 30/11/22 |
Notes | $ | $ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
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 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 |
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 |
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 |
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 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/23 | 30/11/22 |
$ | $ |
Trade creditors |
Other creditors |