Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-08-01falseFund management00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC300615 2023-08-01 2024-03-31 OC300615 2022-08-01 2023-07-31 OC300615 2024-03-31 OC300615 2023-07-31 OC300615 c:FurnitureFittings 2023-08-01 2024-03-31 OC300615 c:FurnitureFittings 2024-03-31 OC300615 c:FurnitureFittings 2023-07-31 OC300615 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC300615 c:OfficeEquipment 2023-08-01 2024-03-31 OC300615 c:OfficeEquipment 2024-03-31 OC300615 c:OfficeEquipment 2023-07-31 OC300615 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC300615 c:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC300615 c:CurrentFinancialInstruments 2024-03-31 OC300615 c:CurrentFinancialInstruments 2023-07-31 OC300615 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC300615 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 OC300615 d:FRS102 2023-08-01 2024-03-31 OC300615 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 OC300615 d:FullAccounts 2023-08-01 2024-03-31 OC300615 d:LimitedLiabilityPartnershipLLP 2023-08-01 2024-03-31 OC300615 d:PartnerLLP1 2023-08-01 2024-03-31 OC300615 d:PartnerLLP2 2023-08-01 2024-03-31 OC300615 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC300615 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-07-31 OC300615 e:PoundSterling 2023-08-01 2024-03-31 iso4217:GBP xbrli:pure


Registered number: OC300615












GRADIENT CAPITAL PARTNERS LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 

GRADIENT CAPITAL PARTNERS LLP

CONTENTS



Page
Members' information
 
1
Balance sheet
 
2 - 3
Reconciliation of members' interests
 
4
Notes to the financial statements
 
5 - 8


 

GRADIENT CAPITAL PARTNERS LLP

INFORMATION



Designated Members
S W Pagel
A E Pagel

LLP registered number
OC300615

Registered office
1002 Point West
116 Cromwell Road
London
SW7 4XN

Accountants
Blick Rothenberg Limited
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Page 1


 
REGISTERED NUMBER:OC300615
GRADIENT CAPITAL PARTNERS LLP

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
127

  
-
127

Current assets
  

Debtors: amounts falling due within one year
 5 
1,241
3,752

Cash at bank and in hand
  
104,581
169,351

  
105,822
173,103

Creditors: Amounts Falling Due Within One Year
 6 
(9,500)
(7,000)

Net current assets
  
 
 
96,322
 
 
166,103

Total assets less current liabilities
  
96,322
166,230

  

Net assets attributable to members
  
96,322
166,230


Represented by:
  

Members' other interests
  

Members' capital classified as equity
  
5,373,282
5,373,282

Other Reserves

  

(5,276,960)
(5,207,052)

  
 
96,322
 
166,230

  
96,322
166,230


Total members' interests
  

Members' other interests
  
96,322
166,230

  
96,322
166,230


Page 2


 
REGISTERED NUMBER:OC300615
GRADIENT CAPITAL PARTNERS LLP
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




S W Pagel
Designated member

Date: 26 July 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 

GRADIENT CAPITAL PARTNERS LLP

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2024





EQUITY
Members' other interests
Members' capital (classified as equity)
Other reserves
Total

£
£
£

Balance at 1 August 2022 
5,373,282
(4,672,178)
701,104

Loss for the year available for discretionary division among members
 
-
(34,874)
(34,874)

Members' interests after profit for the year
 
5,373,282
(4,707,052)
666,230

Other movement
 
-
(500,000)
(500,000)

Balance at 31 July 2023
5,373,282
(5,207,052)
166,230

Loss for the period available for discretionary division among members
 
-
(19,908)
(19,908)

Members' interests after profit for the period
 
5,373,282
(5,226,960)
146,322

Other movement
 
-
(50,000)
(50,000)

Balance at 31 March 2024 
5,373,282
(5,276,960)
96,322

The notes on pages 5 to 8 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 

GRADIENT CAPITAL PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Gradient Capital Partners LLP is a limited liability partnership incorporated in the United Kingdom and registered in England and Wales.
The LLP's registered address is 1002 Point West, 116 Cromwell Road, London, SW7 4XN.
The principal activity is investment fund management services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" published in December 2021.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. The members do not consider there are any key accounting estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.
The members are also required to exercise judgment in applying the entity's accounting policies. Due to the straight forward nature of the business the members consider that no critical judgements have been made in applying the LLP's accounting policies.

 
2.2

Going concern

The accounts have been prepared on the going concern basis as the members have undertaken to continue to extend support to the partnership to allow it to meet its liabilities as they fall due for a period of at least twelve months from the date of signing these accounts.

 
2.3

Turnover

Turnover is recognised when and to the extent that a right to consideration is received in exchange for the provision of a service. On this basis, fees for investment management services are recognised on an accruals basis, and performance fees at the end of the performance period. Fees are stated exclusive of VAT.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.



The estimated useful lives range as follows:

Fixtures and fittings
-
5
years straight line
Office equipment
-
5
years straight line
Page 5

 

GRADIENT CAPITAL PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The LLP does not trade in financial instruments and all such instruments arise directly from
operations. All trade and other debtors are initially recognised at transaction value, as none contain in
substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment
where there is objective evidence based on observable data that the balance may be impaired. The
LLP does not hold collateral against its trade and other receivables so its exposure to credit risk is the
net balance of trade and other debtors after allowance for impairment. The LLP’s cash holdings
comprise on demand balances. All cash is held with banks with strong external credit ratings. Trade
and other creditors and accruals are initially recognised at transaction value as none represent a
financing transaction. They are only derecognised when they are extinguished. As the LLP only has
short term receivables and payables, its net current asset position is a reasonable measure of its
liquidity at any given time.

 
2.6

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.7

Members' remuneration and interests

Members' different participation rights are analysed separately into liability and equity elements.
Members' remuneration
Non-discretionary amounts becoming due to members in respect of participation rights in the profits of the LLP for an accounting period that give rise to liabilities are presented as an expense within the Statement of comprehensive income (within the heading Members' remuneration charged as an expense).
Amounts becoming due to members in respect of equity participation rights, following a discretionary division of profits, are debited directly to equity in the accounting period in which the division occurs. Such amounts are not presented as an expense within the Statement of comprehensive income.
Members' interests
Where the LLP has a contractual obligation to deliver cash or another financial asset to the member,
the capital is treated as debt. Where the LLP has an unconditional right to avoid delivering cash or
other financial assets to a member in respect of such amounts (i.e. repayment of the members' other
reserves is discretionary), it is treated as equity.

Page 6

 

GRADIENT CAPITAL PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Taxation

No provision for taxation is made, as any liability arising is assessable directly on the members of the LLP.




3.


Employees

The LLP has no employees.


4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 August 2023
200
3,480
3,680



At 31 March 2024

200
3,480
3,680



Depreciation


At 1 August 2023
200
3,353
3,553


Charge for the period on owned assets
-
127
127



At 31 March 2024

200
3,480
3,680



Net book value



At 31 March 2024
-
-
-



At 31 July 2023
-
127
127

Page 7

 

GRADIENT CAPITAL PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
31 July
2024
2023
£
£


Prepayments and accrued income
1,241
3,752



6.


Creditors: amounts falling due within one year

31 March
31 July
2024
2023
£
£

Accruals and deferred income
9,500
7,000



7.


Controlling party

S W Pagel is the ultimate controlling party of the LLP.

 
Page 8