Registered No. OC322005 (England and Wales)
Risk Capital Partners Llp
Unaudited accounts
for the year ended 30 October 2023
Risk Capital Partners Llp
LLP Information
for the year ended 30 October 2023
Designated members
Mr Luke Johnson
Registered Number
OC322005 (England and Wales)
Registered Office
6 Junction Mews
London
W2 1PN
England
Accountants
Turl & Co Ltd
Unit 1, The Park
Spring Lane South
Malvern
Worcestershire
WR14 1AT
Chartered Accountants' report to the members on the preparation of the unaudited statutory financial statements of Risk Capital Partners Llp for the year ended 30 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
Risk Capital Partners Llp for the year ended
30 October 2023 as set out on pages
4 -
5 from the LLP's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the members of Risk Capital Partners Llp, as a body, in accordance with the terms of our engagement letter dated 10 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Risk Capital Partners Llp and state those matters that we have agreed to state to the members of Risk Capital Partners Llp, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Risk Capital Partners Llp and its members as a body for our work or for this report.
It is your duty to ensure that Risk Capital Partners Llp has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Risk Capital Partners Llp. You consider that Risk Capital Partners Llp is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Risk Capital Partners Llp. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Turl & Co Ltd
Chartered Accountants
Unit 1, The Park
Spring Lane South
Malvern
Worcestershire
WR14 1AT
19 July 2024
Risk Capital Partners Llp
Statement of financial position
as at 30 October 2023
Cash at bank and in hand
3,328
3,567
Creditors: amounts falling due within one year
(330)
(1,080)
Net current assets
3,016
3,482
Net assets attributable to members
3,018
3,484
Loans and other debts due to members
7,403
7,403
Other reserves
(4,385)
(3,919)
Loans and other debts due to members
7,403
7,403
Members' other interests
(4,385)
(3,919)
For the year ending 30 October 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 29 July 2024.
Mr Luke Johnson
Designated member
Limited Liability Partnership Registration No. OC322005
Risk Capital Partners Llp
Notes to the Accounts
for the year ended 30 October 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
The designated members have made a decision to cease the LLP's activities and the current expectation is that the LLP will remain dormant.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Risk Capital Partners Llp is a limited liability partnership, incorporated in England and Wales, registration number OC322005. Its registered office is 6 Junction Mews, London, W2 1PN, England.
3
Investments
Subsidiary undertakings
4
Creditors: amounts falling due within one year
2023
2022
5
Loans and other debts due to members
2023
2022
Loans from members
7,403
7,403
Amounts falling due within one year
7,403
7,403
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).