CRYSTAL AMBER ADVISERS (UK) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC328446 (England and Wales)

Financial Statements for the Year Ended 31 May 2020

for

CRYSTAL AMBER ADVISERS (UK) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R P Bernstein

J Marsh

REGISTERED OFFICE:

17c Curzon Street

London

W1J 5HU

REGISTERED NUMBER:

OC328446 (England and Wales)

FIXED ASSETS

Tangible assets

4

481

268

CURRENT ASSETS

Debtors

5

983,164

341,614

Cash at bank and in hand

42,152

147,759

1,025,316

489,373

CREDITORS

Amounts falling due within one year

6

872,460

231,750

NET CURRENT ASSETS

152,856

257,623

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

153,337

257,891

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

103,337

207,891

MEMBERS' OTHER INTERESTS

Capital accounts

50,000

50,000

153,337

257,891

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

103,337

207,891

Members' other interests

50,000

50,000

Amounts due from members

5

(168,300

)

(170,349

)

(14,963

)

87,542

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 31 May 2020.

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 on 21 September 2020 and were signed by:

R P Bernstein - Designated member

J Marsh - Designated member

1.	STATUTORY INFORMATION

CRYSTAL AMBER ADVISERS (UK) LLP is registered in England and Wales. The LLP's registered number

and registered office address can be found on the General Information page.

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.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest pound..

The financial statements have been prepared on the historical cost convention. The principal accounting policies

adopted are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2019

6,681

6,781

13,462

Additions

490

-

490

At 31 May 2020

7,171

6,781

13,952

DEPRECIATION

At 1 June 2019

6,681

6,513

13,194

Charge for year

98

179

277

At 31 May 2020

6,779

6,692

13,471

NET BOOK VALUE

At 31 May 2020

392

89

481

At 31 May 2019

-

268

268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

28,217

-

Amounts due from members

168,300

170,349

Other debtors

780,782

171,265

Prepayments and accrued income

5,865

-

983,164

341,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

33,618

63,179

Social security and other taxes

4,193

168,571

Other creditors

649

-

Accruals and deferred income

834,000

-

872,460

231,750

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debtors due to members' would rank below other creditors.