| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| 1632 LLP |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| 1632 LLP |
| 1632 LLP (REGISTERED NUMBER: OC424151) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 30 September 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| 1632 LLP |
| GENERAL INFORMATION |
| For The Year Ended 30 September 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 111 Charterhouse Street |
| Farringdon |
| London |
| EC1M 6AW |
| 1632 LLP (REGISTERED NUMBER: OC424151) |
| BALANCE SHEET |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
131,868 |
132,853 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
150,548 |
150,548 |
| MEMBERS' OTHER INTERESTS |
| Other reserves | ( |
) | ( |
) |
| 131,868 | 132,853 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 150,548 | 150,548 |
| Members' other interests | (18,680 | ) | (17,695 | ) |
| 131,868 | 132,853 |
| 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. |
| 1632 LLP (REGISTERED NUMBER: OC424151) |
| BALANCE SHEET - continued |
| 30 September 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| 1632 LLP (REGISTERED NUMBER: OC424151) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| 1632 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 presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The LLP is in a net current liabilities position but has the continued support of the LLP members. The LLP members are confident that they have adequate resources to meet the LLP's liabilities as they fall due, for a period of at least twelve months from the date of signing the financial statements. Consequently, the LLP members believe it is appropriate that the financial statements have been prepared on a going concern basis. |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Valuation of investments |
| Investments in unlisted shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. |
| Members' participation rights |
| Profit allocations will be recognised in the year in which they are declared and become a present obligation of the LLP. Unallocated profits or losses are recognised in equity (other reserves). Once profits are made, the statutory profit for the financial period available for discretionary division among members will be allocated subsequent to the approval of the financial statements, subject to the discretion of the LLP members. |
| Drawings represent payments on account of profits which may be allocated to members. Once profits are made, members will draw a proportion of their profit shares during the year in which it is made. |
| Capital will be contributed as the need is determined by the LLP members. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2023 - NIL). |
| 1632 LLP (REGISTERED NUMBER: OC424151) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 September 2024 |
| 4. | FIXED ASSET INVESTMENTS |
| Interest |
| in |
| associate | Listed | Unlisted |
| undertakings | investments | investments | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2023 | 58,852 | 160,168 |
| Additions | 32,098 |
| Revaluations | 634 |
| At 30 September 2024 | 192,900 |
| NET BOOK VALUE |
| At 30 September 2024 | 192,900 |
| At 30 September 2023 | 160,168 |
| Cost or valuation at 30 September 2024 is represented by: |
| Interest |
| in |
| associate | Listed | Unlisted |
| undertakings | investments | investments | Totals |
| £ | £ | £ | £ |
| Valuation in 2024 | - | 634 | - | 634 |
| Valuation in 2023 | - | (3,628 | ) | - | (3,628 | ) |
| Cost | 90,950 | 7,784 | 97,160 | 195,894 |
| 90,950 | 4,790 | 97,160 | 192,900 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed by associates |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 7. | RELATED PARTY DISCLOSURES |
| At the year end the LLP owed £72,724 (2023: £72,613) to Double Bioventures Limited, a company whose shares are held by the designated members. |
| 8. | MEMBERS' REMUNERATION AND OTHER INTEREST |
| Members will be remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. |