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REGISTERED NUMBER: OC402134 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

SILVERCLOUD CAPITAL LLP

SILVERCLOUD CAPITAL LLP (REGISTERED NUMBER: OC402134)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVERCLOUD CAPITAL LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Silver Cloud Ventures Limited
AEJ Investments Ltd





REGISTERED OFFICE: 19 Holne Chase
London
N2 0QL





REGISTERED NUMBER: OC402134 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SILVERCLOUD CAPITAL LLP (REGISTERED NUMBER: OC402134)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,476 2,986

CURRENT ASSETS
Debtors 5 666,906 1,436
Cash at bank 45,373 10,437
712,279 11,873
CREDITORS
Amounts falling due within one year 6 714,755 4,800
NET CURRENT (LIABILITIES)/ASSETS (2,476 ) 7,073
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

10,059

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

-

10,059

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 - 10,059
Amounts due from members 5 (661,096 ) -
(661,096 ) 10,059

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 year 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.

SILVERCLOUD CAPITAL LLP (REGISTERED NUMBER: OC402134)

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 18 September 2024 and were signed by:





Silver Cloud Ventures Limited - Designated member

SILVERCLOUD CAPITAL LLP (REGISTERED NUMBER: OC402134)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Silvercloud Capital LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 6,884
Additions 1,066
At 31 March 2024 7,950
DEPRECIATION
At 1 April 2023 3,898
Charge for year 1,576
At 31 March 2024 5,474
NET BOOK VALUE
At 31 March 2024 2,476
At 31 March 2023 2,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 666,906 1,436

SILVERCLOUD CAPITAL LLP (REGISTERED NUMBER: OC402134)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 8,000 2,800
Other creditors 706,755 2,000
714,755 4,800

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to all other creditors.