|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Report of the Members and |
|
Unaudited Financial Statements for the Year Ended 31 December 2017 |
|
for |
|
KJ Precious Metal Trading LLP |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Report of the Members and |
|
Unaudited Financial Statements for the Year Ended 31 December 2017 |
|
for |
|
KJ Precious Metal Trading LLP |
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
|
|
|
|
Page |
|
General Information | 1 |
|
Report of the Members | 2 |
|
Income Statement | 3 |
|
Balance Sheet | 4 |
|
Reconciliation of Members' Interests | 6 |
|
Notes to the Financial Statements | 8 |
|
KJ Precious Metal Trading LLP |
|
General Information |
for the Year Ended 31 December 2017 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
103 Victoria Drive |
Wimbledon |
London |
SW19 6PT |
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Report of the Members |
for the Year Ended 31 December 2017 |
|
The members present their report with the financial statements of the LLP for the year ended 31 December 2017. |
|
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of buying and selling precious metals. |
|
DESIGNATED MEMBERS |
The designated members during the year under review were: |
|
|
|
|
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £323,256 (2016 - £772,699 loss). |
|
MEMBERS' INTERESTS |
|
ON BEHALF OF THE MEMBERS: |
|
|
|
|
|
|
|
|
|
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Income Statement |
for the Year Ended 31 December 2017 |
|
31.12.17 | 31.12.16 |
Notes | £ | £ |
|
TURNOVER |
|
|
|
Cost of sales | ( |
) |
|
GROSS PROFIT/(LOSS) |
|
( |
) |
|
Administrative expenses |
|
|
OPERATING PROFIT/(LOSS) |
|
( |
) |
|
|
Interest payable and similar expenses |
|
|
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
323,256 |
(772,699 |
) |
|
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
323,256 |
(772,699 |
) |
|
Members' remuneration charged as an
expense |
4 |
(323,256 |
) |
772,699 |
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
|
|
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Balance Sheet |
31 December 2017 |
|
31.12.17 | 31.12.16 | 1.1.16 |
Notes | £ | £ | £ |
CURRENT ASSETS |
Stocks |
|
|
|
Debtors | 5 |
|
|
- |
Cash at bank |
|
|
|
|
|
- |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
|
NET CURRENT ASSETS |
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
8,970,920 |
9,760,551 |
- |
|
|
- | - | - |
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8,970,920 |
9,760,551 |
- |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8,970,920 | 9,760,551 | - |
Members' other interests | (8,970,920 | ) | (9,760,551 | ) | - |
Amounts due from members | 5 | (2,571,283 | ) | (2,894,539 | ) | - |
(2,571,283 | ) | (2,894,539 | ) | - |
|
|
|
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. |
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Balance Sheet - continued |
31 December 2017 |
|
|
|
|
The financial statements were approved by the members of the LLP on
|
|
|
|
|
|
|
|
|
|
|
|
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Reconciliation of Members' Interests |
for the Year Ended 31 December 2017 |
|
|
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 9,760,551 |
Amount due from members | (2,894,539 | ) |
Balance at 1 January 2017 | - | 6,866,012 | 6,866,012 |
Members' remuneration charged as
an expense, including employment and retirement benefit costs |
- |
323,256 |
323,256 |
|
Profit for the financial year
available for discretionary division among members |
- |
- |
- |
|
Members' interests after profit for
the year |
- |
7,189,268 |
7,189,268 |
|
Introduced by members | - | (789,631 | ) | (789,631 | ) |
Amount due to members | 8,970,920 |
Amount due from members | (2,571,283 | ) |
Balance at 31 December 2017 | - | 6,399,637 | 6,399,637 |
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Reconciliation of Members' Interests |
for the Year Ended 31 December 2017 |
|
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 4,397,047 |
Amount due from members | (2,121,840 | ) |
Balance at 1 January 2016 | - | 2,275,207 | 2,275,207 |
Members' remuneration charged as
an expense, including employment and retirement benefit costs |
- |
(772,699 |
) |
(772,699 |
) |
|
Profit for the financial year
available for discretionary division among members |
- |
- |
- |
|
Members' interests after profit for
the year |
- |
1,502,508 |
1,502,508 |
|
Introduced by members | - | 5,363,504 | 5,363,504 |
Amount due to members | 9,760,551 |
Amount due from members | (2,894,539 | ) |
Balance at 31 December 2016 | - | 6,866,012 | 6,866,012 |
KJ Precious Metal Trading LLP (Registered number: OC379040) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
|
1. | STATUTORY INFORMATION |
|
KJ Precious Metal Trading LLP is registered in England and Wales. The LLP's registered number and registered |
office address can be found on the General Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
|
4. | INFORMATION IN RELATION TO MEMBERS |
31.12.17 | 31.12.16 |
£ | £ |
Members' remuneration charged as an expense |
Automatic division of profit/(loss) | 323,256 | (772,699 | ) |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Other debtors |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Other creditors |
|
|
|
Creditors < 1 year includes a $11m loan secured against the stock value. |