IRIS Accounts Production v24.2.0.383 OC395619 designated member 1.1.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3956192022-12-31OC3956192024-03-31OC3956192023-01-012024-03-31OC3956192021-12-31OC3956192022-01-012022-12-31OC3956192022-12-31OC395619ns15:EnglandWales2023-01-012024-03-31OC395619ns14:PoundSterling2023-01-012024-03-31OC395619ns10:PartnerLLP12023-01-012024-03-31OC395619ns10:LimitedLiabilityPartnershipLLP2023-01-012024-03-31OC395619ns10:SmallEntities2023-01-012024-03-31OC395619ns10:AuditExempt-NoAccountantsReport2023-01-012024-03-31OC395619ns10:SmallCompaniesRegimeForAccounts2023-01-012024-03-31OC395619ns10:LimitedLiabilityPartnershipsSORP2023-01-012024-03-31OC395619ns10:FullAccounts2023-01-012024-03-31OC395619ns10:PartnerLLP22023-01-012024-03-31OC395619ns10:RegisteredOffice2023-01-012024-03-31OC395619ns5:CurrentFinancialInstruments2024-03-31OC395619ns5:CurrentFinancialInstruments2022-12-31OC395619ns5:Non-currentFinancialInstruments2024-03-31OC395619ns5:Non-currentFinancialInstruments2022-12-31OC395619ns5:FurnitureFittings2023-01-012024-03-31OC395619ns5:ComputerEquipment2023-01-012024-03-31OC395619ns5:FurnitureFittings2022-12-31OC395619ns5:ComputerEquipment2022-12-31OC395619ns5:FurnitureFittings2024-03-31OC395619ns5:ComputerEquipment2024-03-31OC395619ns5:FurnitureFittings2022-12-31OC395619ns5:ComputerEquipment2022-12-31OC395619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC395619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31OC395619ns5:WithinOneYear2024-03-31OC395619ns5:WithinOneYear2022-12-31OC395619ns5:BetweenOneFiveYears2024-03-31OC395619ns5:BetweenOneFiveYears2022-12-31OC395619ns5:AllPeriods2024-03-31OC395619ns5:AllPeriods2022-12-31
REGISTERED NUMBER: OC395619 (England and Wales)








Unaudited Financial Statements

for the Period

1 January 2023 to 31 March 2024

for

Capax Resource Management UK LLP

Capax Resource Management UK LLP (Registered number: OC395619)

Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capax Resource Management UK LLP

General Information
for the Period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: N W Beckett
A Brown





REGISTERED OFFICE: Fox Court
14 Grays Inn Road
London
WC1X 8HN





REGISTERED NUMBER: OC395619 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Capax Resource Management UK LLP (Registered number: OC395619)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,334 38,731

CURRENT ASSETS
Debtors 5 531,008 1,310,080
Cash at bank - 236,371
531,008 1,546,451
CREDITORS
Amounts falling due within one year 6 540,675 442,611
NET CURRENT (LIABILITIES)/ASSETS (9,667 ) 1,103,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,667

1,142,571

CREDITORS
Amounts falling due after more than one
year

7

11,667

24,167
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

1,118,404

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

1,118,404

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 1,118,404
Amounts due from members 5 (137,635 ) (467,294 )
(137,635 ) 651,110

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 period ended 31 March 2024.

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.

Capax Resource Management UK LLP (Registered number: OC395619)

Balance Sheet - continued
31 March 2024


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 13 September 2024 and were signed by:





N W Beckett - Designated member

Capax Resource Management UK LLP (Registered number: OC395619)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

Capax Resource Management UK 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 42 (2022 - 45 ) .

Capax Resource Management UK LLP (Registered number: OC395619)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 7,170 74,503 81,673
Additions - 14,721 14,721
Disposals - (4,325 ) (4,325 )
At 31 March 2024 7,170 84,899 92,069
DEPRECIATION
At 1 January 2023 3,797 39,145 42,942
Charge for period 1,406 30,668 32,074
Eliminated on disposal - (4,281 ) (4,281 )
At 31 March 2024 5,203 65,532 70,735
NET BOOK VALUE
At 31 March 2024 1,967 19,367 21,334
At 31 December 2022 3,373 35,358 38,731

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 304,348 418,701
Other debtors 226,660 891,379
531,008 1,310,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans and overdrafts 76,917 10,000
Trade creditors 114,944 185,713
Taxation and social security 134,601 -
Other creditors 214,213 246,898
540,675 442,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.12.22
£    £   
Bank loans 11,667 24,167

Capax Resource Management UK LLP (Registered number: OC395619)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.12.22
£    £   
Within one year 27,600 254,400
Between one and five years - 91,200
27,600 345,600

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, members' other interests rank after secured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up.

There is no further formal protection afforded to creditors in the event of a winding up.

There are no restrictions on the ability of members to reduce the amount of members' other interests.