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REGISTERED NUMBER:
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Financial Statements |
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for the Period |
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19 June 2019 to 30 June 2020 |
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for |
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Pagmash LLP |
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REGISTERED NUMBER:
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Financial Statements |
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for the Period |
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19 June 2019 to 30 June 2020 |
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for |
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Pagmash LLP |
Pagmash LLP (Registered number: OC427749) |
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Contents of the Financial Statements |
for the Period 19 June 2019 to 30 June 2020 |
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Page |
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General Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Pagmash LLP |
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General Information |
for the Period 19 June 2019 to 30 June 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 |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Pagmash LLP (Registered number: OC427749) |
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Statement of Financial Position |
30 June 2020 |
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Notes | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 | ( |
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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 |
4,271 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
5 |
4,271 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 4,271 |
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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. |
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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. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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Pagmash LLP (Registered number: OC427749) |
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Notes to the Financial Statements |
for the Period 19 June 2019 to 30 June 2020 |
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1. | STATUTORY INFORMATION |
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Pagmash 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. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Members' capital |
Initial capital contributions of each of the member are amounts as set out in the LLP deed. Further members shall contribute upon admission to the LLP such capital as determined by the Board. |
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No member can withdraw or receive back any part of their principal capital contribution except for in specific circumstances as detailed in the LLP agreement and approved by the Board. Members' principal capital is therefore classified as equity. |
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Profit allocations |
Profit allocations are recognised in the year in which they are declared and become a present obligation of the LLP. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the period was NIL. |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Accruals and deferred income |
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5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount of members’ other interests. |