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 v20.1.5.71 OC346956 designated member designated member 1.4.19 31.3.20 31.3.20 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3469562019-03-31OC3469562020-03-31OC3469562019-04-012020-03-31OC3469562018-03-31OC3469562018-04-012019-03-31OC3469562019-03-31OC346956ns16:EnglandWales2019-04-012020-03-31OC346956ns15:PoundSterling2019-04-012020-03-31OC346956ns11:Director12019-04-012020-03-31OC346956ns11:Director22019-04-012020-03-31OC346956ns11:LimitedLiabilityPartnershipLLP2019-04-012020-03-31OC346956ns11:SmallEntities2019-04-012020-03-31OC346956ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-31OC346956ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-31OC346956ns11:LimitedLiabilityPartnershipsSORP2019-04-012020-03-31OC346956ns11:AbridgedAccounts2019-04-012020-03-31OC34695612019-04-012020-03-31OC346956ns6:CurrentFinancialInstruments2020-03-31OC346956ns6:CurrentFinancialInstruments2019-03-31OC346956ns6:Non-currentFinancialInstruments2020-03-31OC346956ns6:Non-currentFinancialInstruments2019-03-31OC346956ns6:NetGoodwill2019-04-012020-03-31OC346956ns6:IntangibleAssetsOtherThanGoodwill2019-04-012020-03-31OC346956ns6:AfterOneYearns6:Non-currentFinancialInstruments2020-03-31OC346956ns6:AfterOneYearns6:Non-currentFinancialInstruments2019-03-31
REGISTERED NUMBER: OC346956 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2020

for

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






Contents of the Financial Statements
for the Year Ended 31st March 2020




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Kondor Management LLP (Registered number: OC346956)

Abridged Balance Sheet
31st March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Investments 6 277,685 277,685
277,685 277,685

CURRENT ASSETS
Debtors 7 283,770 163,250
Cash at bank 8,022 28,484
291,792 191,734
CREDITORS
Amounts falling due within one year 108,443 108,443
NET CURRENT ASSETS 183,349 83,291
TOTAL ASSETS LESS CURRENT LIABILITIES 461,034 360,976

CREDITORS
Amounts falling due after more than one year 70,717 101,013
NET ASSETS ATTRIBUTABLE TO MEMBERS 390,317 259,963

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 390,317 259,963

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 390,317 259,963

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 2020.

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 2020


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 2020 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 and authorised for issue on 16th June 2020 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 2020

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 (2019 - NIL).

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

Notes to the Financial Statements - continued
for the Year Ended 31st March 2020

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2019
and 31st March 2020 2,863,488
AMORTISATION
At 1st April 2019
and 31st March 2020 2,863,488
NET BOOK VALUE

At 31st March 2020 -
At 31st March 2019 -

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
2020 2019
£    £   
Other debtors - 158,967

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

During the year, the previous loan due from OSTC Capital Limited has been written off as an irrecoverable loan. 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