PIP Asset Management LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC341915 (England and Wales)

PIP ASSET MANAGEMENT LIMITED LIABILITY

PARTNERSHIP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C I Price

K Fawcett

REGISTERED OFFICE:

Forum House, 1st Floor

15-18 Lime Street

London

EC3M 7AN

REGISTERED NUMBER:

OC341915 (England and Wales)

CURRENT ASSETS

Debtors

4

1,192,215

1,012,508

Cash at bank

12,739

24,577

1,204,954

1,037,085

CREDITORS

Amounts falling due within one year

5

1,111,200

1,037,081

NET CURRENT ASSETS

93,754

4

TOTAL ASSETS LESS CURRENT LIABILITIES

93,754

4

CREDITORS

Amounts falling due after more than one year

6

93,750

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

4

4

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

4

4

4

4

TOTAL MEMBERS' INTERESTS

Members' other interests

4

4

Amounts due from members

4

(381,746

)

(389,582

)

(381,742

)

(389,578

)

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 2021.

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

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21st December 2021 and were signed by:

C I Price - Designated member

1.	STATUTORY INFORMATION

PIP Asset Management Limited Liability Partnership is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

1,192,215

1,012,508

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

56,250

-

Trade creditors

33,987

10,451

Other creditors

1,020,963

1,026,630

1,111,200

1,037,081

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

93,750

-