Kondor Management LLP - Accounts to registrar (filleted) - small 18.2

Kondor Management LLP - Accounts to registrar (filleted) - small 18.2

KONDOR MANAGEMENT LLP - Company Information

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IRIS Accounts Production v19.3.2.199 OC346956 designated member designated member 1.4.18 31.3.19 31.3.19 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3469562018-03-31OC3469562019-03-31OC3469562018-04-012019-03-31OC3469562017-03-31OC3469562017-04-012018-03-31OC3469562018-03-31OC346956ns15:EnglandWales2018-04-012019-03-31OC346956ns14:PoundSterling2018-04-012019-03-31OC346956ns10:Director12018-04-012019-03-31OC346956ns10:Director22018-04-012019-03-31OC346956ns10:LimitedLiabilityPartnershipLLP2018-04-012019-03-31OC346956ns10:SmallEntities2018-04-012019-03-31OC346956ns10:AuditExempt-NoAccountantsReport2018-04-012019-03-31OC346956ns10:SmallCompaniesRegimeForAccounts2018-04-012019-03-31OC346956ns10:LimitedLiabilityPartnershipsSORP2018-04-012019-03-31OC346956ns10:AbridgedAccounts2018-04-012019-03-31OC34695612018-04-012019-03-31OC346956ns5:CurrentFinancialInstruments2019-03-31OC346956ns5:CurrentFinancialInstruments2018-03-31OC346956ns5:Non-currentFinancialInstruments2019-03-31OC346956ns5:Non-currentFinancialInstruments2018-03-31OC346956ns5:NetGoodwill2018-04-012019-03-31OC346956ns5:IntangibleAssetsOtherThanGoodwill2018-04-012019-03-31OC346956ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2019-03-31OC346956ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2018-03-31
REGISTERED NUMBER: OC346956 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2019

for

Kondor Management LLP
Kondor Management LLP (Registered number: OC346956)






Contents of the Financial Statements
for the Year Ended 31st March 2019




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Kondor Management LLP (Registered number: OC346956)

Abridged Balance Sheet
31st March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Investments 6 277,685 300,099
277,685 300,099

CURRENT ASSETS
Debtors 7 163,250 853,238
Cash at bank 28,484 43,459
191,734 896,697
CREDITORS
Amounts falling due within one year 108,443 109,874
NET CURRENT ASSETS 83,291 786,823
TOTAL ASSETS LESS CURRENT
LIABILITIES
360,976
1,086,922

CREDITORS
Amounts falling due after more than one
year
101,013
235,070
NET ASSETS ATTRIBUTABLE TO
MEMBERS
259,963
851,852

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
259,963
851,852

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 259,963 851,852

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2019.

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 notes form part of these financial statements

Page 1 continued...
Kondor Management LLP (Registered number: OC346956)

Abridged Balance Sheet - continued
31st March 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 23rd December 2019 and were signed by:




MJ Shirley Trading LLP - Designated member




Arquine LLP - Designated member


The notes form part of these financial statements

Page 2
Kondor Management LLP (Registered number: OC346956)

Notes to the Financial Statements
for the Year Ended 31st March 2019

1. STATUTORY INFORMATION

Kondor Management LLP is registered in England and Wales. The LLP's registered number and registered office
address are as below:

Registered number: OC346956

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of
services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates
and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is
probable that future economic benefits will flow to the entity and when specific criteria have been met for each of
the company's activities as follows:

Dividend income
Dividend income is recognised when the right to receive payment is established.

Trading gains and losses
Revenue from financial trading activities are recognised at the point at which the gains and losses are realised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012 was fully amortised in
the previous year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2018 - NIL).

Page 3 continued...
Kondor Management LLP (Registered number: OC346956)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2019

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2018
and 31st March 2019 2,863,488
AMORTISATION
At 1st April 2018
and 31st March 2019 2,863,488
NET BOOK VALUE

At 31st March 2019 -
At 31st March 2018 -

6. FIXED ASSET INVESTMENTS

The balance held within Fixed Asset Investment represents the LLP’s capital account outstanding as at the
balance sheet date in OSTC Limited and various other investments.

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Other debtors 158,967 336,510

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The balances shown above would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

9. RELATED PARTY DISCLOSURES

The amount of £93,703 (2018: £93,703) held under debtors due after more than one year relates to a loan made
to OSTC Capital Limited. The designated members MJ Shirley Trading LLP, KJ2 Futures LLP and Arquine LLP are
shareholders of OSTC Capital Limited.

During the year the LLP has been a shareholder in OSTC Limited. The company holds 17,825 ordinary D shares
which represents a shareholding of 8.2%. Mr M J Shirley, a designated member of MJ Shirley Trading LLP, is a
director of OSTC Limited.

Page 4