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REGISTERED NUMBER: OC446196 (England and Wales)













Unaudited Financial Statements

for the Period

8 March 2023 to 31 December 2023

for

Pardinus Capital LLP

Pardinus Capital LLP (Registered number: OC446196)






Contents of the Financial Statements
for the Period 8 March 2023 to 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pardinus Capital LLP

General Information
for the Period 8 March 2023 to 31 December 2023







DESIGNATED MEMBERS: P R Morales De Labra
Viride Investments Ltd
W R Haslam
J P Jimenez Caviedes
J M Saiz Nicolas





REGISTERED OFFICE: 40 Grosvenor Gardens
3rd Floor
London
SW1W 0EB





REGISTERED NUMBER: OC446196 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Pardinus Capital LLP (Registered number: OC446196)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,162

CURRENT ASSETS
Debtors 5 129,695
Cash at bank 139,972
269,667
CREDITORS
Amounts falling due within one year 6 155,188
NET CURRENT ASSETS 114,479
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

115,641

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

115,641

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 115,641

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 December 2023.

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.

Pardinus Capital LLP (Registered number: OC446196)

Balance Sheet - continued
31 December 2023


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 28 August 2024 and were signed by:





P R Morales De Labra - Designated member

Pardinus Capital LLP (Registered number: OC446196)

Notes to the Financial Statements
for the Period 8 March 2023 to 31 December 2023

1. STATUTORY INFORMATION

Pardinus 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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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.

The financial statements have been prepared on a going concern basis. Given the known challenges faced by startup investment managers raising external assets leading towards a self-sustaining business, the partners have allocated sufficient resources to finance the LLP. Based on the assessment of the partners, there is reasonable expectation that the LLP has access to adequate financial resources to continue in operational existence for the foreseeable future.

Turnover
Turnover represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/ payable 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 income statement in other administrative expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

Pardinus Capital LLP (Registered number: OC446196)

Notes to the Financial Statements - continued
for the Period 8 March 2023 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,200
At 31 December 2023 1,200
DEPRECIATION
Charge for period 38
At 31 December 2023 38
NET BOOK VALUE
At 31 December 2023 1,162

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 63,351
Other debtors 38,592
VAT 13,858
Prepayments and accrued income 13,894
129,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 21,525
Other creditors 100,000
Accrued expenses 33,663
155,188

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
£   
Amounts owed to members in respect of profits 115,641

Falling due within one year 115,641

Loans and other debts due to members rank after all unsecured creditors in the event of a winding up.