Lakestar Capital LLP - Period Ending 2020-02-29

Lakestar Capital LLP

trading as Lakestar Capital LLP

Contents

Limited liability partnership information	1
Accountants' Report	2
Financial Statements	3 to 5
Profit and Loss Account	3
Balance Sheet	4
Notes to the Financial Statements	4

Lakestar Capital LLP

trading as Lakestar Capital LLP

Limited liability partnership information

Chairman

Mr P J Jackson

Designated members

Mr P J Jackson Mrs H L Jackson

Registered office

89 High Street Thame Oxfordshire OX9 3EH

Accountants

TSH Professional Services Ltd Accountants 89 High Street Thame Oxfordshire OX9 3EH

Accountants' Report to the Members on the Preparation of the
Unaudited Statutory Accounts of
Lakestar Capital LLP

trading as Lakestar Capital LLP
for the Year Ended 29 February 2020

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Lakestar Capital LLP for the year ended 29 February 2020 set out on pages 3 to 5 from the limited liability partnership'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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Lakestar Capital LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lakestar Capital LLP and state those matters that we have agreed to state to the members of Lakestar Capital LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lakestar Capital LLP and its members as a body for our work or for this report.

It is your duty to ensure that Lakestar Capital LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lakestar Capital LLP. You supplied information that indicated the previously reported financial position had been incomplete for several years due to misunderstandings and uncertainties as to the effect of past transactions; issues were clarified with third parties during the year and appropriate adjustments including prior period restatements have been effected based on information provided by management.

You consider that Lakestar Capital 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 accounts of Lakestar Capital 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 accounts.

......................................

TSH Professional Services Ltd
Accountants
89 High Street
Thame
Oxfordshire
OX9 3EH

25 January 2021

Lakestar Capital LLP

trading as Lakestar Capital LLP

Profit and Loss Account for the Year Ended 29 February 2020

	2020  £	2019  £
Turnover	2,932	-
Other income	603,961	976,935
Other charges	(15,145)	(33,518)
Profit for the year before members' remuneration and profit shares	591,748	943,417
Members' remuneration charged as an expense	(591,748)	(943,417)
Profit/(loss) for the year available for discretionary division among members	-	-

Lakestar Capital LLP

trading as Lakestar Capital LLP

(Registration number: OC371829)
Balance Sheet as at 29 February 2020

	2020  £	2019  £
Fixed assets	551,992	553,623
Current assets	248,659	591
Creditors: Amounts falling due within one year	(49,070)	(31,842)
Net current assets/(liabilities)	199,589	(31,251)
Total assets less current liabilities	751,581	522,372
Accruals and deferred income	(2,000)	(5,000)
Net assets attributable to members	749,581	517,372
Represented by:
Loans and other debts due to members	540,931	308,722
Members' other interests	208,650	208,650
	749,581	517,372
Total members' interests
Loans and other debts due to members	540,931	308,722
Equity	208,650	208,650
	749,581	517,372

1	General information

The place of registration of the limited liability partnership is England and Wales.

The address of the registered office is:
89 High Street
Thame
Oxfordshire
OX9 3EH

These financial statements were authorised for issue by the Board on 24 January 2021.

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

Basis of preparation

These financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 105 - 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are presented in pounds sterling rounded to the nearest pound.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2019 - 0).

Lakestar Capital LLP

trading as Lakestar Capital LLP

(Registration number: OC371829)
Balance Sheet as at 29 February 2020 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of Regulation 12 of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (SI 2008/1911) and delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to small limited liability partnerships.

For the year ending 29 February 2020 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Lakestar Capital LLP (registered number OC371829) were approved by the Board and authorised for issue on 24 January 2021. They were signed on behalf of the limited liability partnership by:

.........................................

Mr P J Jackson
Chairman and designated member