REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
Mozambique Quarry Partners LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
Mozambique Quarry Partners LLP |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Contents of the Financial Statements |
for the year ended 31 December 2022 |
Page |
General Information | 1 |
Income Statement | 2 |
Balance Sheet | 3 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 10 |
Chartered Accountants' Report | 12 |
Mozambique Quarry Partners LLP |
General Information |
for the year ended 31 December 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 5, 10 Churchill Square |
West Malling |
Kent |
ME19 4YU |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Income Statement |
for the year ended 31 December 2022 |
2022 | 2021 |
£ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
(34,655 | ) | (24,438 | ) |
Other operating income |
OPERATING LOSS and |
LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Balance Sheet |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,448,366 |
3,201,262 |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Balance Sheet - continued |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 3,448,366 | 3,201,262 |
3,448,366 | 3,201,262 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 3,448,366 | 3,201,262 |
Amounts due from members | 5 | (1,377,962 | ) | (1,362,902 | ) |
2,070,404 | 1,838,360 |
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. |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Balance Sheet - continued |
31 December 2022 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Reconciliation of Members' Interests |
for the year ended 31 December 2022 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 January 2022 | 3,201,263 | - | 3,201,263 |
Loss for the financial year available for discretionary division among members |
- |
(15,065 |
) |
(15,065 |
) |
Members' interests after loss for the year | 3,201,263 | (15,065 | ) | 3,186,198 |
Other divisions of loss | - | 15,065 | 15,065 |
Introduced by members | 247,103 | - | 247,103 |
Balance at 31 December 2022 | 3,448,366 | - | 3,448,366 |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Reconciliation of Members' Interests |
for the year ended 31 December 2022 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | - |
Amount due from members | (1,362,897 | ) |
Balance at 1 January 2022 | (1,362,897 | ) | 1,838,366 |
Loss for the financial year available for discretionary division among members |
- |
(15,065 |
) |
Members' interests after loss for the year | (1,362,897 | ) | 1,823,301 |
Other divisions of loss | (15,065 | ) | - |
Introduced by members | - | 247,103 |
Amount due to members | - |
Amount due from members | (1,377,962 | ) |
Balance at 31 December 2022 | (1,377,962 | ) | 2,070,404 |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Reconciliation of Members' Interests |
for the year ended 31 December 2022 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 January 2021 | 2,912,606 | - | 2,912,606 |
Loss for the financial year available for discretionary division among members |
- |
(18,200 |
) |
(18,200 |
) |
Members' interests after loss for the year | 2,912,606 | (18,200 | ) | 2,894,406 |
Other divisions of loss | - | 18,200 | 18,200 |
Introduced by members | 288,656 | - | 288,656 |
Drawings on account and distributions of profit |
- |
- |
- |
Balance at 31 December 2021 | 3,201,262 | - | 3,201,262 |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Reconciliation of Members' Interests |
for the year ended 31 December 2022 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | - |
Amount due from members | (1,331,906 | ) |
Balance at 1 January 2021 | (1,331,906 | ) | 1,580,700 |
Loss for the financial year available for discretionary division among members |
- |
(18,200 |
) |
Members' interests after loss for the year | (1,331,906 | ) | 1,562,500 |
Other divisions of loss | (18,200 | ) | - |
Introduced by members | - | 288,656 |
Drawings on account and distributions of profit |
(12,796 |
) |
(12,796 |
) |
Amount due to members | - |
Amount due from members | (1,362,902 | ) |
Balance at 31 December 2021 | (1,362,902 | ) | 1,838,360 |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Mozambique Quarry Partners LLP is a limited liability partnership incorporated in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. Its place of business is at 21 Ellis Street, Knightsbridge, London, SW1X 9AL. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The members have considered the impact of the current COVID-19 pandemic on the LLP's business, with a particular focus on its effect on the LLP's investments, suppliers and members. |
The members do not consider this to be a cause for material uncertainty in respect of the LLP's ability to continue as a going concern. The LLP has adapted well, successfully employing contingency plans, and the members consider that the LLP has sufficient financial resources to continue for the foreseeable future, despite the current crisis. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Foreign currencies |
The LLP's functional and presentational currency is GBP. |
Foreign currency transactions are translated into the functional currency using spot exchange rates at the dates of the financial transactions. At each period end foreign currency monetary items are translated using the closing rate. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2021 - NIL). |
Mozambique Quarry Partners LLP (Registered number: OC402693) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2022 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts due from members | 1,377,962 | 1,362,902 |
Mozambique Quarry Holdings Ltd | 1,713,740 | 1,566,494 |
MQP Services Ltd | 346,871 | 203,159 |
MozQuarries LDA | 56,659 | 56,659 |
Included within other debtors due within one year are amounts owed by Mozambique Quarry Holdings Ltd, a wholly owned subsidiary located in Mauritius, totalling £1,713,740 (2021 - £1,566,494), MQP Services Limited, a wholly owned subsidiary located in the UK, totalling £346,858 (2021 - £203,159) and MozQuarries LDA, a wholly owned subsidiary located in Mozambique, totalling £56,659 (2021 - £56,659). |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Other creditors |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Mozambique Quarry Partners LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
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 Mozambique Quarry Partners LLP for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests 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 Mozambique Quarry Partners 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 Mozambique Quarry Partners LLP and state those matters that we have agreed to state to the members of Mozambique Quarry Partners 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 Mozambique Quarry Partners LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Mozambique Quarry Partners 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 Mozambique Quarry Partners LLP. You consider that Mozambique Quarry Partners LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Mozambique Quarry Partners 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. |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Mozambique Quarry Partners LLP |
Suite 5, 10 Churchill Square |
West Malling |
Kent |
ME19 4YU |