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REGISTERED NUMBER: OC313492 (England and Wales)















Report of the Members and

Financial Statements

for the Year Ended 31 December 2021

for

Rosemoor Capital Management LLP

Rosemoor Capital Management LLP (Registered number: OC313492)

Contents of the Financial Statements
for the year ended 31 December 2021










Page

General Information 1

Report of the Members 2

Report of the Independent Auditors 4

Income Statement 7

Balance Sheet 8

Reconciliation of Members' Interests 9

Notes to the Financial Statements 11


Rosemoor Capital Management LLP

General Information
for the year ended 31 December 2021







Designated members: P H Chapman
J Alexander
T D W Voake
A C Chapman



Registered office: 22a St. James' Square
London
SW1Y 4JH



Registered number: OC313492 (England and Wales)



Auditors: Haines Watts
Chartered Accountants and Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA



Solicitors: Gordons Solicitors
22 Great James Street
London
WC1N 3ES

Rosemoor Capital Management LLP (Registered number: OC313492)

Report of the Members
for the year ended 31 December 2021


The members present their report with the financial statements of the LLP for the year ended 31 December 2021.

Principal activity
The principal activity of the LLP in the year under review was that of the provision of services to Rosemoor Capital Management LLC.

Designated members
The designated members during the year under review were:

P H Chapman
J Alexander
T D W Voake

Results for the year and allocation to members
The loss for the year before members' remuneration and profit shares was £5,758 (2020 - £8,209 loss).

Members' interests
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which are determined by the performance and seniority of those members. On retirement, capital is repaid to members.

Principal risks and uncertainties
The members have considered the potential impact to the business presented by COVID19 and do not believe ongoing company operational performance will be materially affected.

Statement of disclosure to auditor
Each of the members in office at the date of approval of this annual report confirms that:

• so far as the members are aware, there is no relevant audit information of which the limited liability partnership's auditor is unaware, and
• the members have taken all the steps that they ought to have taken as members in order to make themselves aware of any relevant audit information and to establish that the limited liability partnership's auditor is aware of that information.

Pillar 3 disclosures
The firm has documented the disclosures required by the Financial Conduct Authority under BIPRU 11. These are available from the registered office.

Statement of members' responsibilities
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.


Rosemoor Capital Management LLP (Registered number: OC313492)

Report of the Members
for the year ended 31 December 2021

Statement of members' responsibilities - continued
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

On behalf of the members:





P H Chapman - Designated member


5 August 2022

Report of the Independent Auditors to the Members of
Rosemoor Capital Management LLP


Opinion
We have audited the financial statements of Rosemoor Capital Management LLP (the 'LLP') for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the LLP's affairs as at 31 December 2021 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

However, not all future events or conditions can be predicted. The COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the LLP's trade, customers, suppliers and wider economy. The members’ view on the impact of COVID-19 is disclosed in the accounting policies note.

Other information
The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit; or
- the members were not entitled to prepare the financial statements in accordance with the small LLPs regime.

Report of the Independent Auditors to the Members of
Rosemoor Capital Management LLP


Responsibilities of members
As explained more fully in the Statement of Members' Responsibilities set out on pages two and three, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in
which it operates, and considered the risk of acts by the company that were contrary to applicable laws and
regulations, including fraud. We discussed with the Directors the policies and procedures in place regarding
compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.

During the audit we focussed on laws and regulations which could reasonably be expected to give rise to a material
misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any
knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud
such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Rosemoor Capital Management LLP


Use of our report
This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr James Maxwell (Senior Statutory Auditor)
for and on behalf of Haines Watts
Chartered Accountants and Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

31 August 2022

Rosemoor Capital Management LLP (Registered number: OC313492)

Income Statement
for the year ended 31 December 2021

2021 2020
£ £

Turnover - -

Administrative expenses (5,758 ) (8,209 )
Operating loss and
Loss for the financial year before
members' remuneration and profit shares
available for discretionary division among
members



(5,758



)



(8,209



)

Rosemoor Capital Management LLP (Registered number: OC313492)

Balance Sheet
31 December 2021

2021 2020
Notes £ £
Current assets
Debtors 4 204,072 202,028
Cash at bank 1,328 2,148
205,400 204,176
Creditors
Amounts falling due within one year 5 6,000 4,776
Net current assets 199,400 199,400
Total assets less current liabilities
and
Net assets attributable to members 199,400 199,400

Loans and other debts due to members - -

Members' other interests
Capital accounts 199,400 199,400
199,400 199,400

Total members' interests
Members' other interests 199,400 199,400
Amounts due from members 4 (31,624 ) (25,866 )
167,776 173,534

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

The financial statements were approved by the members of the LLP and authorised for issue on 5 August 2022 and were signed by:





P H Chapman - Designated member

Rosemoor Capital Management LLP (Registered number: OC313492)

Reconciliation of Members' Interests
for the year ended 31 December 2021


EQUITY
Members' other interests
Members'
capital
(classified Other
as equity) reserves Total
£ £ £
Balance at 1 January 2021 199,400 - 199,400
Loss for the financial year available for
discretionary division among members

-

(5,758

)

(5,758

)
Members' interests after loss for the year 199,400 (5,758 ) 193,642
Other divisions of loss - 5,758 5,758
Balance at 31 December 2021 199,400 - 199,400

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£ £
Amount due to members -
Amount due from members (25,866 )
Balance at 1 January 2021 (25,866 ) 173,534
Loss for the financial year available for
discretionary division among members

-

(5,758

)

Members' interests after loss for the year (25,866 ) 167,776
Other divisions of loss (5,758 ) -
Amount due to members -
Amount due from members (31,624 )
Balance at 31 December 2021 (31,624 ) 167,776

Rosemoor Capital Management LLP (Registered number: OC313492)

Reconciliation of Members' Interests
for the year ended 31 December 2021

EQUITY
Members' other interests
Members'
capital
(classified Other
as equity) reserves Total
£ £ £
Balance at 1 January 2020 199,400 - 199,400
Loss for the financial year available for
discretionary division among members

-

(8,209

)

(8,209

)
Members' interests after loss for the year 199,400 (8,209 ) 191,191
Other divisions of loss - 8,209 8,209
Introduced by members - - -
Balance at 31 December 2020 199,400 - 199,400

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£ £
Amount due to members -
Amount due from members (21,105 )
Balance at 1 January 2020 (21,105 ) 178,295
Loss for the financial year available for
discretionary division among members

-

(8,209

)

Members' interests after loss for the year (21,105 ) 170,086
Other divisions of loss (8,209 ) -
Introduced by members 3,448 3,448
Amount due to members -
Amount due from members (25,866 )
Balance at 31 December 2020 (25,866 ) 173,534

Rosemoor Capital Management LLP (Registered number: OC313492)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


1. Statutory information

Rosemoor Capital Management 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.

Going Concern
The financial statements have been prepared on the going concern basis, as the members believe that the LLP will continue to have access to adequate funding from the majority member to enable it to continue to operate as a going concern and they will not request repayment within 12 months of the date of the audit report.

Following the continued spread of the coronavirus (COVID-19) the members have examined the possible effects on the business of the partnership and believe its impact will be minimal with no disruption to operations.

Accordingly, the members continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the partnership's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Bad debt provision
There is estimation uncertainty in calculating bad debt provisions. Overdue and irrecoverable debtors are monitored during the year. A review of the bad debt provision is carried out at the year-end to ensure debtors that are unlikely to be recovered are put forward for provision. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the ultimate unrealised value of debtors held.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the partnership becomes a
party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the will partnership not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the partnership's cash management.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Rosemoor Capital Management LLP (Registered number: OC313492)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


2. Accounting policies - continued

Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

3. Employee information

The average number of employees during the year was 3 (2020 - 3 ) .

4. Debtors: amounts falling due within one year
2021 2020
£ £
Amounts owed by group undertakings 172,448 176,162
Amounts due from members 31,624 25,866
204,072 202,028

5. Creditors: amounts falling due within one year
2021 2020
£ £
Accrued expenses 6,000 4,776