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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 31 December 2020 |
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THE BIG LOBSTER POT LLP |
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REGISTERED NUMBER:
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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 31 December 2020 |
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THE BIG LOBSTER POT LLP |
THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Contents of the Financial Statements |
for the year ended 31 December 2020 |
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Page |
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General Information | 1 |
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Report of the Members | 2 |
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Statement of comprehensive income | 3 |
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Statement of Financial Position | 4 |
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Notes to the Financial Statements | 6 |
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THE BIG LOBSTER POT LLP |
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General Information |
for the year ended 31 December 2020 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
4th Floor |
Venture House |
27-29 Glasshouse Street |
London |
W1B 5DF |
THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Report of the Members |
for the year ended 31 December 2020 |
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The members present their report with the financial statements of the LLP for the year ended 31 December 2020. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of holding investments. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £162,132 (2019 - £60 loss). |
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MEMBERS' INTERESTS |
Each members' subscription to the capital of the LLP is determined by agreement with the designated members and is repayable following retirement from the LLP. |
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The members participate fully in the profits and losses. The policy is to allow each member to draw such sum as the designated members may from time to time agree, subject to the cash requirements of the LLP. |
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ON BEHALF OF THE MEMBERS: |
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THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Statement of comprehensive income |
for the year ended 31 December 2020 |
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2020 | 2019 |
£ | £ |
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REVENUE |
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Administrative expenses |
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(18 | ) | (60 | ) |
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Other operating income |
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OPERATING PROFIT/(LOSS) and |
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Statement of Financial Position |
31 December 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
750 |
750 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
7 |
750 |
750 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 750 | 750 |
Amounts due from members | (768 | ) | (600 | ) |
(18 | ) | 150 |
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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. |
THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Statement of Financial Position - continued |
31 December 2020 |
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The financial statements were approved by the members of the LLP and authorised for issue on
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THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Notes to the Financial Statements |
for the year ended 31 December 2020 |
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1. | STATUTORY INFORMATION |
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The Big Lobster Pot LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments |
Investments in unlisted entities held as fixed assets are shown at cost less provisions for impairment. |
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Members' interests |
Members' capital is classified as a liability under FRS 25 because they are repayable when a member leaves. Unallocated current year profits are classified as equity. |
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Income taxation |
Income tax payable on partnership profits is the personal liability of individual members. |
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4. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2019 - NIL). |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2020 |
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Disposals | ( |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 31 December 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other creditors |
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THE BIG LOBSTER POT LLP (REGISTERED NUMBER: OC377321) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
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7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members would rank equally in relation to other creditors. |