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REGISTERED NUMBER: OC371295
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Filleted Unaudited Financial Statements
31 March 2023
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Financial Statements
Year ended 31 March 2023
Contents
Page
Designated members and professional advisers
1
Chartered certified accountants report to the members on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Designated Members and Professional Advisers
Designated members
S Blase
N R Kamath
N S Dhillon
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Chartered Certified Accountants Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Year ended 31 March 2023
As described on the statement of financial position, the members of the LLP are responsible for the preparation of the financial statements for the year ended 31 March 2023, which comprise the statement of financial position and the related notes. You consider that the LLP is exempt from an audit under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions
727-729 High Road Chartered Certified Accountants London N12 0BP
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
6,171
Investments
7
166,760
101,760
---------
---------
172,931
101,760
Current assets
Debtors
8
1,237,259
1,294,096
Cash at bank and in hand
292,890
237,588
------------
------------
1,530,149
1,531,684
Creditors: amounts falling due within one year
9
99,816
67,508
------------
------------
Net current assets
1,430,333
1,464,176
------------
------------
Total assets less current liabilities
1,603,264
1,565,936
Creditors: amounts falling due after more than one year
10
405,264
367,936
------------
------------
Net assets
1,198,000
1,198,000
------------
------------
Represented by:
Loans and other debts due to members
Other amounts
11
1
Members' other interests
Members' capital classified as equity
1,198,000
1,197,999
Other reserves
------------
------------
1,198,000
1,198,000
------------
------------
Total members' interests
Amounts due from members
(915,658)
(471,347)
Loans and other debts due to members
11
1
Members' other interests
1,198,000
1,197,999
------------
------------
282,342
726,653
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Statement of Financial Position (continued)
31 March 2023
For the year ending 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 2 November 2023 , and are signed on their behalf by:
N S Dhillon
Designated Member
Registered number: OC371295
Aurium Capital LLP (formerly Aurium Capital Markets LLP)
Notes to the Financial Statements
Year ended 31 March 2023
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts and of Value Added Tax.
Members' participation rights
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, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 1 (2022: 2 ).
5.
Exceptional items
Included within administrative expenses of £922,093 within the statement of comprehensive income are exceptional costs of £519,467 (2022 : £190,732) in relation to intercompany loan and investment write offs.
6.
Tangible assets
Equipment
£
Cost
At 1 April 2022
10,602
Additions
7,609
--------
At 31 March 2023
18,211
--------
Depreciation
At 1 April 2022
10,602
Charge for the year
1,438
--------
At 31 March 2023
12,040
--------
Carrying amount
At 31 March 2023
6,171
--------
At 31 March 2022
--------
7.
Investments
Shares in group undertakings
£
Cost
At 1 April 2022
101,760
Additions
65,000
---------
At 31 March 2023
166,760
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
166,760
---------
At 31 March 2022
101,760
---------
The company owns 100% of the issued share capital of Aurium Capital UK Limited represented above.
8.
Debtors
2023
2022
£
£
Other debtors
1,237,259
1,294,096
------------
------------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest
519,467
----
---------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest
49,595
49,596
Social security and other taxes
43,214
12,447
Other creditors
7,007
5,465
--------
--------
99,816
67,508
--------
--------
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
32,389
41,919
Other creditors
372,875
326,017
---------
---------
405,264
367,936
---------
---------
11.
Loans and other debts due to members
2023
2022
£
£
Amounts owed to members in respect of profits
1
----
----