CARMIKA PARTNERS LLP

Company Registration Number:
OC401233 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

CARMIKA PARTNERS LLP

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CARMIKA PARTNERS LLP

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activity of the limited liability partnership is that of managing options investment strategies.The LLP became authorised with the Financial Conduct Authority on 25 July 2016.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Martin Vestergaard
Manjeet Mudan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 July 2023

And signed on behalf of the board by:
Name: Martin Vestergaard
Status: Director

CARMIKA PARTNERS LLP

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 968,519 191,417
Cost of sales: ( 67,803 ) ( 4,765 )
Gross profit(or loss): 900,716 186,652
Administrative expenses: ( 391,893 ) ( 210,872 )
Operating profit(or loss): 508,823 (24,220)
Profit(or loss) before tax: 508,823 (24,220)
Profit(or loss) for the financial year: 508,823 (24,220)

CARMIKA PARTNERS LLP

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,204 4,626
Total fixed assets: 2,204 4,626
Current assets
Debtors: 4 160,704 108,114
Cash at bank and in hand: 247,536 34,270
Total current assets: 408,240 142,384
Creditors: amounts falling due within one year: 5 ( 131,621 ) ( 52,549 )
Net current assets (liabilities): 276,619 89,835
Total assets less current liabilities: 278,823 94,461
Total net assets (liabilities): 278,823 94,461
Capital and reserves
Called up share capital: 1 118,681
Other reserves: 278,822 (24,220 )
Total Shareholders' funds: 278,823 94,461

The notes form part of these financial statements

CARMIKA PARTNERS LLP

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 July 2023
and signed on behalf of the board by:

Name: Martin Vestergaard
Status: Director

The notes form part of these financial statements

CARMIKA PARTNERS LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover represents investment management and performance fees earned by the LLP during the year.Management fees are recognised on a time-apportioned basis and performance fees are recognised whenthe services have been provided.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost, net ofdepreciation.Depreciation is recognised so as to write off the cost of assets less their residual values over their usefullives on the following bases:Computer equipment Straight line over 3 yearsThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is recognised in the profit and loss account.

    Valuation information and policy

    The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic FinancialInstruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financialinstruments.Financial instruments are recognised in the limited liability partnership's statement of financial positionwhen the limited liability partnership becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset and the net amounts presented in the financial statements whenthere is a legally enforceable right to set off the recognised amounts and there is an intention to settle ona net basis or to realise the asset and settle the liability simultaneously.Basic financial assetsBasic financial assets, which include debtors and cash and bank balances, are initially measured attransaction price including transaction costs and are subsequently carried at amortised cost using theeffective interest method unless the arrangement constitutes a financing transaction, where thetransaction is measured at the present value of the future receipts discounted at a market rate of interest.Financial assets classified as receivable within one year are not amortised.Other financial assetsOther financial assets, including investments in equity instruments which are not subsidiaries, associatesor joint ventures, are initially measured at fair value, which is normally the transaction price. Such assetsare subsequently carried at fair value and the changes in fair value are recognised in profit or loss,except that investments in equity instruments that are not publicly traded and whose fair values cannotbe measured reliably are measured at cost less impairment.

CARMIKA PARTNERS LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

CARMIKA PARTNERS LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 10,717 10,717
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 10,717 10,717
Depreciation
At 1 April 2022 6,091 6,091
Charge for year 2,422 2,422
On disposals
Other adjustments
At 31 March 2023 8,513 8,513
Net book value
At 31 March 2023 2,204 2,204
At 31 March 2022 4,626 4,626

CARMIKA PARTNERS LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 160,704 108,114
Total 160,704 108,114

CARMIKA PARTNERS LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 131,621 52,549
Total 131,621 52,549