LGMC Investors LLP - Accounts to registrar (filleted) - small 18.2

LGMC Investors LLP - Accounts to registrar (filleted) - small 18.2

LGMC INVESTORS LLP - Company Information

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REGISTERED NUMBER: OC326014 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

LGMC INVESTORS LLP
LGMC INVESTORS LLP (REGISTERED NUMBER: OC326014)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2017




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LGMC INVESTORS LLP

GENERAL INFORMATION
for the Year Ended 31 December 2017







DESIGNATED MEMBERS: Fidentia Holdings Limited
Fidentia Nominees Limited
Fidentia Trustees Limited





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: OC326014 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF
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LGMC INVESTORS LLP (REGISTERED NUMBER: OC326014)

BALANCE SHEET
31 December 2017

2017 2016
£    £   
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS
-
-

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

TOTAL MEMBERS' INTERESTS

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 December 2017.

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 of Part 15 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 small LLPs.

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 2018 and were signed by:





Fidentia Trustees Limited - Designated member

The notes form part of these financial statements

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LGMC INVESTORS LLP (REGISTERED NUMBER: OC326014)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

LGMC Investors 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
The LLP ceased underwriting at 31 December 2011 and these accounts have been prepared on a break up
basis.

Accounting convention
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.

The LLP no longer underwrites as a Lloyd's corporate member and therefore the members have decided not to
adopt the recommendations of the revised Statement of Recommended Practice 'Accounting for Insurance
Business', issued by the Association of British Insurers as amended in 2006.

The LLP was dormant throughout the current year and previous year.

3. LLOYD'S UNDERWRITING ACTIVITIES

The company underwrote at Lloyd's on a limited liability basis until 31 December 2008 and was closed by
reinsurance with effect from 31 December 2012.

The payment of a reinsurance to close premium does not eliminate totally the liability of the closed year for
outstanding claims. If the reinsuring syndicate were unable to meet its obligations and other elements of the
Lloyd's chain of security were to fail, then the members of the closed underwriting year would have to settle
outstanding claims. The directors consider that the likelihood of such a failure of the reinsurance to close is
extremely remote and, therefore, the reinsurance to close has been deemed to settle liabilities outstanding at
the close of the underwriting account and no further provision has been made for any potential variation in
the ultimate liability of that year of account.

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