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REGISTERED NUMBER: OC427742 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 31 October 2023 to 31 March 2024

for

Great Britain Top Team LLP

Great Britain Top Team LLP (Registered number: OC427742)






Contents of the Financial Statements
for the Period 31 October 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Great Britain Top Team LLP

General Information
for the Period 31 October 2023 to 31 March 2024







DESIGNATED MEMBERS: M Barrett
B S C Pickett
Totem Mma Limited





REGISTERED OFFICE: 147a High Street
Waltham Cross
EN8 7AP





REGISTERED NUMBER: OC427742 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Great Britain Top Team LLP (Registered number: OC427742)

Report of the Members
for the Period 31 October 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 31 October 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of sports activities

DESIGNATED MEMBERS
The designated members during the period under review were:

M Barrett
B S C Pickett
Totem Mma Limited

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £105,792 (2023 - £223,451 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M Barrett - Designated member


10 January 2025

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Great Britain Top Team LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Great Britain Top Team LLP for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Great Britain Top Team LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Great Britain Top Team LLP and state those matters that we have agreed to state to the members of Great Britain Top Team LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Great Britain Top Team LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Great Britain Top Team LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Great Britain Top Team LLP. You consider that Great Britain Top Team LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Great Britain Top Team LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


Date: .............................................

Great Britain Top Team LLP (Registered number: OC427742)

Income Statement
for the Period 31 October 2023 to 31 March 2024

Period
31/10/23
to Year Ended
31/3/24 30/10/23
Notes £    £   

TURNOVER 147,505 336,979

Cost of sales 61,379 179,350
GROSS PROFIT 86,126 157,629

Administrative expenses 191,918 381,080
OPERATING LOSS and
LOSS FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





(105,792





)





(223,451





)

Great Britain Top Team LLP (Registered number: OC427742)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 188,758 203,656

CURRENT ASSETS
Stocks 5,748 5,748
Debtors 6 1,034,288 909,270
Cash at bank 3,539 7,330
1,043,575 922,348
CREDITORS
Amounts falling due within one year 7 1,232,333 1,126,004
NET CURRENT LIABILITIES (188,758 ) (203,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE
TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (943,171 ) (812,379 )

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 period ended 31 March 2024.

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.

Great Britain Top Team LLP (Registered number: OC427742)

Balance Sheet - continued
31 March 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 10 January 2025 and were signed by:





M Barrett - Designated member

Great Britain Top Team LLP (Registered number: OC427742)

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

1. STATUTORY INFORMATION

Great Britain Top Team LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 6 (2023 - 3 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

Period
31/10/23
to Year Ended
31/3/24 30/10/23
£    £   
Depreciation - owned assets 15,926 47,560

Great Britain Top Team LLP (Registered number: OC427742)

Notes to the Financial Statements - continued
for the Period 31 October 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 31 October 2023 189,819 138,953 9,015 337,787
Additions - 1,028 - 1,028
At 31 March 2024 189,819 139,981 9,015 338,815
DEPRECIATION
At 31 October 2023 60,260 69,678 4,193 134,131
Charge for period 8,098 7,325 503 15,926
At 31 March 2024 68,358 77,003 4,696 150,057
NET BOOK VALUE
At 31 March 2024 121,461 62,978 4,319 188,758
At 30 October 2023 129,559 69,275 4,822 203,656

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,362 3,228
Other debtors 1,032,926 906,042
1,034,288 909,270

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,909 12,199
Taxation and social security 4,974 3,355
Other creditors 1,180,450 1,110,450
1,232,333 1,126,004

8. RELATED PARTY DISCLOSURES

Great Britain Top Team LLP is connected to Totem Care Limited by Mr M Barrett who is a director and shareholder of the company.

At the balance sheet date Great Britain Top Team LLP owed Totem Care Limited £1,180,375 (2023 £1,110,375) , this is included in Other Creditors.