Registration number:
Sofinam Investments LLP
for the Year Ended 28 February 2021
Sofinam Investments LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Sofinam Investments LLP
Limited liability partnership information
Designated members |
Hewores Investments Ltd Marivor Commercial Ltd |
Registered office |
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Sofinam Investments LLP
(Registration number: OC372608)
Balance Sheet as at 28 February 2021
Note |
2021 |
2020 |
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Current assets |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities attributable to members |
( |
( |
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Represented by: |
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Members’ other interests |
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Other reserves |
( |
( |
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(5,794) |
(3,630) |
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Total members' interests |
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Equity |
( |
( |
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(5,794) |
(3,630) |
For the year ending 28 February 2021 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.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to small limited liability partnerships.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.
The members acknowledge their responsibilities for complying with the requirements of the Act, 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 Sofinam Investments LLP (registered number OC372608) were approved by the
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Sofinam Investments LLP
Notes to the Financial Statements for the Year Ended 28 February 2021
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
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. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The accounts are prepared in the company's functional currency of Dollars ($) and rounded to the nearest $1.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Members' remuneration and division of profits
A member's share of the profit and loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments
Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Sofinam Investments LLP
Notes to the Financial Statements for the Year Ended 28 February 2021 (continued)
Creditors: Amounts falling due within one year |
2021 |
2020 |
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Accruals and deferred income |
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Contingent liabilities |
The LLP is involved in two litigation cases which are pending in Cyprus under their agency framework activities on behalf of their Principals. Any liabilities, as far as the LLP is concerned arising from this litigation is dependent upon the outcome of this litigation and cannot be quantified at this stage.