| ESO Capital (Reg) LLP |
| Registered number: |
OC429029 |
| Balance Sheet |
| as at 31 March 2021 |
| Notes |
|
2021 |
|
2020 |
| £ |
£ |
| Current assets |
|
|
|
|
|
| Debtors |
3 |
|
10,838 |
|
10 |
| Cash at bank and in hand |
|
|
104 |
|
- |
|
|
|
10,942 |
|
10 |
|
|
| Net current assets |
|
|
10,942 |
|
10 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
10,942 |
|
10 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
(10,942) |
|
- |
|
|
| Net assets attributable to members |
- |
|
10 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
5 |
|
(10) |
|
- |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|
- |
|
10 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
5 |
|
(10) |
|
- |
| Members' other interests |
|
|
10 |
|
10 |
|
|
|
|
- |
|
10 |
|
|
|
|
|
|
| For the year ended 31 March 2021 the LLP was entitled to exemption from audit under section 477 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. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 31 December 2021 and signed on their behalf by: |
|
|
|
| Rhonda Nicoll |
| Designated member |
|
| ESO Capital (Reg) LLP |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
10,838 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest |
|
10,942 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans and other debts due to members |
2021 |
|
2020 |
| £ |
£ |
|
|
Amounts due to members in respect of profits |
(10) |
|
- |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
(10) |
|
- |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 6 |
Related party transactions |
|
|
Services of £14,955 were provided by parent company Soho Square Services LLP during the year with an amount due of £10,942 at the year end. |
|
|
| 7 |
Controlling party |
|
|
The ultimate controlling party is Walid Fakhry. |
|
|
| 8 |
Other information |
|
|
ESO Capital (Reg) LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
9 Percy Street |
|
Fitzrovia |
|
London |
|
W1T 1DL |
