IRIS Accounts Production v23.2.0.158 OC413798 designated member 1.4.22 31.3.23 31.3.23 0 0 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4137982022-03-31OC4137982023-03-31OC4137982022-04-012023-03-31OC4137982021-03-31OC4137982021-04-012022-03-31OC4137982022-03-31OC413798ns16:EnglandWales2022-04-012023-03-31OC413798ns15:PoundSterling2022-04-012023-03-31OC413798ns11:Director12022-04-012023-03-31OC413798ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC413798ns11:SmallEntities2022-04-012023-03-31OC413798ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC413798ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC413798ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC413798ns11:FullAccounts2022-04-012023-03-31OC41379812022-04-012023-03-31OC413798ns11:Director22022-04-012023-03-31OC413798ns11:Director32022-04-012023-03-31OC413798ns11:RegisteredOffice2022-04-012023-03-31OC413798ns6:CurrentFinancialInstruments2023-03-31OC413798ns6:CurrentFinancialInstruments2022-03-31OC413798ns6:NetGoodwill2022-04-012023-03-31OC413798ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31OC413798ns6:NetGoodwill2022-03-31OC413798ns6:NetGoodwill2023-03-31OC413798ns6:NetGoodwill2022-03-31OC413798ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31OC413798ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: OC413798 (England and Wales)









Financial Statements

for the Year Ended 31 March 2023

for

Aretai LLP

Aretai LLP (Registered number: OC413798)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aretai LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Andrew Mark Pawley
Jeremy Michael Franks
David Timothy Lawrence Presswell





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: OC413798 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Aretai LLP (Registered number: OC413798)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 - 20,833
- 20,833

CURRENT ASSETS
Debtors 6 108,764 157,012
Cash at bank 191,570 347,366
300,334 504,378
CREDITORS
Amounts falling due within one year 7 115,072 277,120
NET CURRENT ASSETS 185,262 227,258
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

185,262

248,091

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

167,262

230,091

MEMBERS' OTHER INTERESTS
Capital accounts 18,000 18,000
185,262 248,091

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 167,262 230,091
Members' other interests 18,000 18,000
185,262 248,091

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 March 2023.

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.

Aretai LLP (Registered number: OC413798)

Statement of Financial Position - continued
31 March 2023


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 and authorised for issue on 12 September 2023 and were signed by:





Andrew Mark Pawley - Designated member

Aretai LLP (Registered number: OC413798)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Aretai LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. FIXED ASSET INVESTMENTS

In 2017 the purchase of shares of £25,000 in Aretai Risk Management Consulting Limited has been transferred across at fair value. This investment is owned by the members in accordance with their share of goodwill units as at the time of acquisition.
During the year there was disposal of shares for the amount of £4,166.70 in Aretai Risk Management Consulting Limited at fair value.

Aretai LLP (Registered number: OC413798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,262 146,285
Other debtors 13,502 10,727
108,764 157,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,462 28,973
Taxation and social security 42,455 38,160
Other creditors 59,155 209,987
115,072 277,120

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 167,262 230,091

Falling due within one year 167,262 230,091

Loans and other debts due to members' (other than members' capital classified as debt) would rank after other creditors.

9. RELATED PARTY DISCLOSURES

At the year end, Aretai LLP owed a sum of £Nil (2021: £2,045) to its subsidiary undertaking, Aretai Risk Management Consulting Limited.