2023-04-01 2024-03-31 false No description of principal activity Capium Accounts Production 1.1 OC431037 2023-04-01 2024-03-31 OC431037 bus:AbridgedAccounts 2023-04-01 2024-03-31 OC431037 bus:FRS102 2023-04-01 2024-03-31 OC431037 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC431037 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC431037 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC431037 2023-04-01 2024-03-31 OC431037 2024-03-31 OC431037 bus:RegisteredOffice 2023-04-01 2024-03-31 OC431037 core:WithinOneYear 2024-03-31 OC431037 core:AfterOneYear 2024-03-31 OC431037 1 2023-04-01 2024-03-31 OC431037 bus:PartnerLLP1 2023-04-01 2024-03-31 OC431037 bus:PartnerLLP1 2024-03-31 OC431037 bus:PartnerLLP1 2022-04-01 2023-03-31 OC431037 bus:PartnerLLP2 2023-04-01 2024-03-31 OC431037 bus:PartnerLLP2 2024-03-31 OC431037 bus:PartnerLLP2 2022-04-01 2023-03-31 OC431037 2022-04-01 OC431037 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 OC431037 2022-04-01 2023-03-31 OC431037 2023-03-31 OC431037 core:WithinOneYear 2023-03-31 OC431037 core:AfterOneYear 2023-03-31 OC431037 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 OC431037 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 OC431037 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 OC431037 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 OC431037 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 OC431037 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 OC431037 core:Non-currentFinancialInstruments 2024-03-31 OC431037 core:Non-currentFinancialInstruments 2023-03-31 OC431037 dpl:Item1 2023-04-01 OC431037 dpl:Item1 2024-03-31 OC431037 dpl:Item1 2022-04-01 OC431037 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: OC431037
England and Wales

 

 

 

GLOBAL COMMODITIES TRADING LLP


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 394,540    799,741 
Cash at bank and in hand 16    2,294 
394,556    802,035 
Creditors: amount falling due within one year (407,860)   (889,766)
Net current assets (13,304)   (87,731)
 
Total assets less current liabilities (13,304)   (87,731)
Net assets (13,304)   (87,731)
 

Represented by:
Loans and other debts due to members 75,057   
Amounts due from members   (6,360)
Members' other interest
Reserves (87,731)   7,111 
Other reserves (630)   (88,482)
(88,361)   (81,371)

(13,304)   (87,731)
 

Total members' interests
Amounts due from members   (6,360)
Loans and other debts due to members 75,057   
Members' other interests (88,361)   (81,371)
(13,304)   (87,731)
 


For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 19 March 2025
1
General Information
Global Commodities Trading LLP is a limited liability partnership, registered in England and Wales, registration number OC431037, registration address Unit 65 Legacy Building, 1 Viaduct Gardens, London, SW11 7AY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
2