1 April 2023 false No description of principal activity Taxfiler 2024.5 OC349702business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC3497022023-03-31 OC3497022023-04-012024-03-31 OC349702business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC349702business:FullAccounts2023-04-012024-03-31 OC3497022024-03-31 OC349702business:PartnerLLP12023-04-012024-03-31 OC349702business:PartnerLLP22023-04-012024-03-31 OC349702business:RegisteredOffice2023-04-012024-03-31 OC3497022023-03-31 OC349702core:WithinOneYear2024-03-31 OC349702core:WithinOneYear2023-03-31 OC349702business:SmallEntities2023-04-012024-03-31 OC349702core:ComputerEquipment2023-04-012024-03-31 OC349702countries:EnglandWales2023-04-012024-03-31 OC349702core:ComputerEquipment2023-03-31 OC349702core:ComputerEquipment2024-03-31 OC3497022022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC349702 (England and Wales)
Galzig Capital LLP Unaudited accounts for the year ended 31 March 2024
Galzig Capital LLP LLP Information for the year ended 31 March 2024
Designated members
Mr C J Dillon
Ms J L Worboys
Registered Number
OC349702 (England and Wales)
Registered Office
15 Carnyorth Terrace St. Just Penzance Cornwall TR19 7QE England
Accountants
Julie Wilmer Accountancy Services Ltd Cherry Tree House 12A West Side Rise Olney Bucks MK46 5HP
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Galzig Capital LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
1,202 
1,202 
Current assets
Debtors
74,742 
20,272 
Cash at bank and in hand
5,138 
8,121 
79,880 
28,393 
Creditors: amounts falling due within one year
(2,820)
(2,778)
Net current assets
77,060 
25,615 
Net assets attributable to members
78,262 
26,817 
Represented by:
Loans and other debts due to members
78,262 
26,817 
78,262 
26,817 
Total members' interests
Loans and other debts due to members
78,262 
26,817 
78,262 
26,817 
For the year ending 31 March 2024 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 14 August 2024.
Mr C J Dillon Designated member Limited Liability Partnership Registration No. OC349702
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Galzig Capital LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Members' remuneration
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33%
Investments
Investments in shares are included at fair value.
2
Statutory information
Galzig Capital LLP is a limited liability partnership, incorporated in England and Wales, registration number OC349702. Its registered office is 15 Carnyorth Terrace, St. Just, Penzance, Cornwall, TR19 7QE, England.
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Galzig Capital LLP Notes to the Accounts for the year ended 31 March 2024
3
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
717 
At 31 March 2024
717 
Depreciation
At 1 April 2023
717 
At 31 March 2024
717 
Net book value
At 31 March 2024
- 
4
Investments
Subsidiary undertakings 
Cost
£ 
At 1 April 2023
1,202 
At 31 March 2024
1,202 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
2,820 
2,778 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
78,262 
26,817 
Amounts falling due within one year
78,262 
26,817 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Controlling party
C J Dillon is the controlling party
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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