Premium Ship Service LLP - Accounts

PREMIUM SHIP SERVICE LLP - Company Information

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	Registered number:
	OC360815

	Premium Ship Service LLP
	Unaudited Accounts
	for the Year Ended
	31 December 2021

	Notes		2021 £		2020 £
Fixed Assets
Tangible Assets	2		399,000		684,000
			399,000		684,000

Current Assets
Debtors		1,238,956		1,239,298
Cash at bank and in hand		82,146		2,287
		1,321,102		1,241,585

Creditors falling due within one year		(1,681,355)		(1,689,032)

Net Current Assets / (Liabilities)			(360,253)		(447,447)


Net Assets Attributable to Members			38,747		236,553

Loans and other debts due to members within one year
Represented by:

Members' other interests
.
Members' capital classified as a equity	236,552	342,842
Members' other interests - other reserves classified as equity	(197,805)	(106,289)
	38,747	236,553

Total members' interests
.
Members' other interests	38,747	236,553
	38,747	236,553

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The members have not delivered a copy of the LLP's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006 (as applied to LLPs).

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

For the year ended 31 December 2021 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

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

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

Approved by members on 20 October 2022

ARDALE IMPEX LTD

Designated Member

Premium Ship Service LLP

Registered number: OC360815 (England and Wales)

1.	Accounting Policies
	Basis of preparation These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". These financial statements reflect the results of the LLP for the year ended 31 December 2021.

Accounting Policies

Basis of preparation

These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements reflect the results of the LLP for the year ended 31 December 2021.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant & machinery

10% Straight Line

	Turnover
	This represents the invoiced value of goods, exclusive of VAT to third parties, after deduction of rebates and allowances.

Tangible Fixed Assets
	Plant & machinery	Total
	£	£
Cost
At 31 December 2020	855,000	855,000
Disposals	(285,000)	(285,000)
At 31 December 2021	570,000	570,000

Depreciation
At 31 December 2020	171,000	171,000
Charge for the period	85,500	85,500
On disposals	(85,500)	(85,500)
At 31 December 2021	171,000	171,000

Net book value
At 31 December 2021	399,000	399,000
At 31 December 2020	684,000	684,000

3.	Employees
		2021		2020
	Average number of employees during the period	0		0

4.	Other Information