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REGISTERED NUMBER: OC428666 (England and Wales)
















Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024

for


Green Logistics I LLP


Green Logistics I LLP (Registered number: OC428666)







Contents of the Financial Statements

for the Period 1 April 2023 to 30 September 2024





Page



General Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Green Logistics I LLP


General Information

for the Period 1 April 2023 to 30 September 2024









DESIGNATED MEMBERS:

R Khatim


Palm Capital Limited







REGISTERED OFFICE:

47/48 Piccadilly


London


W1J 0DT







REGISTERED NUMBER:

OC428666 (England and Wales)







Green Logistics I LLP (Registered number: OC428666)


Balance Sheet

30 September 2024



30.9.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Investments

3

-


10,200




CREDITORS

Amounts falling due within one year

4

-


14,528



NET CURRENT LIABILITIES

-


(14,528

)


TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE

TO MEMBERS

-


(4,328

)




TOTAL MEMBERS' INTERESTS

Loans and other debts due to

members

5

4,328


-



Other reserves classified as equity

(4,328

)

(4,328

)


-


(4,328

)



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 30 September 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.


Green Logistics I LLP (Registered number: OC428666)


Balance Sheet - continued

30 September 2024



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 Income Statement has not been delivered.  


The financial statements were approved by the members of the LLP and authorised for issue on 7 March 2025 and were signed by:






R Khatim - Designated member


Green Logistics I LLP (Registered number: OC428666)


Notes to the Financial Statements

for the Period 1 April 2023 to 30 September 2024


1.

ACCOUNTING POLICIES



Accounting policies


Limited liability partnership information


Green Logistics I LLP is a limited liability partnership incorporated in England and Wales. The registered office is 47/48 Piccadilly, London, W1J 0DT.



The limited liability partnership's principal activities are disclosed in the Members' report.



Basis of preparing the financial statements


These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.



The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.



The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.



Members' participating interests


Members' participation rights are the rights of a member against the LLP that arise under the members' agreement for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).



Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.



All amounts due to members that are classified as liabilities are presented with 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense'  in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.



Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.



Fixed asset investments


Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.


Green Logistics I LLP (Registered number: OC428666)


Notes to the Financial Statements - continued

for the Period 1 April 2023 to 30 September 2024



Cash and cash equivalents


Cash and cash equivalents are basic financial assets and include cash in hand.



Financial Instruments


The limited liability partnership 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 limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.



Financial assets and liabilities are offset and 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 debtors 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. Financial assets classified as receivable within one year are not amortised.



Other financial assets


Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.



Impairment of financial assets


Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.



Financial assets are impaired where there is objective evidence that, as a result  of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.



Derecognition of financial assets


Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership  transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.



Classification of financial liabilities


Green Logistics I LLP (Registered number: OC428666)


Notes to the Financial Statements - continued

for the Period 1 April 2023 to 30 September 2024


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


Basic financial liabilities including creditors, and loans from fellow group companies 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 payments discounted at a market rate of interest, Financial liabilities classified as payable within one year are not amortised.



Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.



Other financial liabilities


Derivatives, including interest rate swaps and forward foreign exchange contracts , are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.



Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. Debt instruments may be designated as fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.



Derecognition of financial liabilities


Financial liabilities are derecognised when the limited liability partnership's obligations expire or are discharged or cancelled.



Foreign exchange


Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit and loss.


2.

EMPLOYEE INFORMATION



The average number of employees during the period was 1 (2023 - 1 ) .


Green Logistics I LLP (Registered number: OC428666)


Notes to the Financial Statements - continued

for the Period 1 April 2023 to 30 September 2024


3.

FIXED ASSET INVESTMENTS


Unlisted


investments

£   



COST


At 1 April 2023

10,200




Disposals

(10,200

)



At 30 September 2024

-




NET BOOK VALUE


At 30 September 2024

-




At 31 March 2023

10,200




4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.9.24


31.3.23

£   

£   



Other creditors

-


14,528




5.

LOANS AND OTHER DEBTS DUE TO MEMBERS




In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.