ACCOUNTS - Final Accounts preparation

FRILMI INVESTMENTS LLP - Company Information

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Registered number: OC434358

FRILMI INVESTMENTS LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2022

FRILMI INVESTMENTS LLP

REGISTERED NUMBER: OC434358

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2022

	2022
Note	£

Fixed assets
Investments	4	56,308
Total assets less current liabilities		56,308
Net assets		56,308

Represented by:
Loans and other debts due to members within one year
Other amounts	5	56,308

Total members' interests
Loans and other debts due to members	5	56,308

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

D Freedman	M D Hilmi
Designated member	Designated member

Date: 8 September 2022	Date:8 September 2022

The notes on pages 3 to 4 form part of these financial statements.

Frilmi Investments LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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FRILMI INVESTMENTS LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE PERIOD ENDED 31 MARCH 2022


	DEBT Loans and other debts due to members less any amounts due from members in debtors
	Other amounts
	£
At Incorporation	-
Amounts introduced by members	120,694
Drawings	(64,386)
Amounts due to members	56,308
Balance at 31 March 2022	56,308

The notes on pages 3 to 4 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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FRILMI INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

1.	General information

Frilmi Investments LLP ("the LLP") is an LLP whose principal activity is the holding of investments.
The LLP is a limited liability partnership incorporated in England and Wales with registration number
OC434358.
The Registered Office address is 101 Wigmore Street, London W1U 1QU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland ("FRS 102") and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

2.2

Taxation

The LLP is not subject to tax in its own right. Taxable profits and losses are allocated to the members in accordance with the allocation schedule set out in the LLP agreement and any liability for tax is the members' own responsibility.

2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the Statement of Comprehensive Income.

2.4

Valuation of investments

Investments in unlisted entity shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Employees

The entity has no employees.

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FRILMI INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

4.	Fixed asset investments

		Other fixed asset investments
		£
	Cost or valuation
	Additions	120,694
	Disposals	(64,386)
	At 31 March 2022	56,308

5.	Loans and other debts due to members

Other amounts due to members

56,308

Loans and other debts due to members may be further analysed as follows:

Falling due within one year

56,308

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
The amount of capital each member is required to subscribe is determined, from time to time, by the designated members of the LLP and under the Members' Agreement, capital is repayable on retirement. Liabilities to former members are shown within other creditors.

6.	Related party transactions
	The designated members of the LLP are considered to be key management responsible for planning, directing and controlling the activities of the LLP. Transactions with these individuals and balances at the period-end are shown in the Reconciliation of Members Interests.

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