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REGISTERED NUMBER: OC421262 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

MATCAP LLP

MATCAP LLP (REGISTERED NUMBER: OC421262)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATCAP LLP

General Information
for the Year Ended 31 March 2023







Designated members: G B Fry
Dr C Kurtzke
P K Sheehy





Registered office: Office 7 35-37 Ludgate Hill
London
EC4M 7JN





Registered number: OC421262 (England and Wales)






MATCAP LLP (REGISTERED NUMBER: OC421262)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Investments 4 - 50,003

Current assets
Debtors 5 6,515,209 5,203,807
Cash at bank and in hand 348,792 1,449,283
6,864,001 6,653,090
Creditors
Amounts falling due within one year 6 1,933,060 1,799,950
Net current assets 4,930,941 4,853,140
Total assets less current liabilities 4,930,941 4,903,143

Creditors
Amounts falling due after more than one
year

7

20,601

31,216
Net assets attributable to members 4,910,340 4,871,927

Loans and other debts due to members 8 1,000 621,400

Members' other interests
Capital accounts 4,909,340 4,250,527
4,910,340 4,871,927

Total members' interests
Loans and other debts due to members 8 1,000 621,400
Members' other interests 4,909,340 4,250,527
Amounts due from members 5 (1,170,152 ) (43,054 )
3,740,188 4,828,873

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.

MATCAP LLP (REGISTERED NUMBER: OC421262)

Balance Sheet - 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 5 March 2024 and were signed by:





G B Fry - Designated member

MATCAP LLP (REGISTERED NUMBER: OC421262)

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

1. Statutory information

Matcap 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.

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

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. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2022 50,003
Disposals (50,003 )
At 31 March 2023 -
Net book value
At 31 March 2023 -
At 31 March 2022 50,003

5. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade debtors - 29,847
Amounts owed by group undertakings 5,127,972 4,858,898
Other debtors 1,387,237 315,062
6,515,209 5,203,807

6. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,615 10,352
Trade creditors 1,605,212 1,254,395
Amounts owed to group undertakings 310,483 200,000
Taxation and social security - 280,654
Other creditors 6,750 54,549
1,933,060 1,799,950

MATCAP LLP (REGISTERED NUMBER: OC421262)

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

7. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Bank loans 20,601 31,216

8. Loans and other debts due to members

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