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
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
Galzig Capital LLP
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
5,138
8,121
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
Loans and other debts due to members
78,262
26,817
Loans and other debts due to members
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
Galzig Capital LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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 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:
Investments in shares are included at fair value.
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.
Galzig Capital LLP
Notes to the Accounts
for the year ended 31 March 2024
3
Tangible fixed assets
Computer equipment
4
Investments
Subsidiary undertakings
5
Creditors: amounts falling due within one year
2024
2023
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.
C J Dillon is the controlling party
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).