Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falsetruefalseThe principal activity of the LLP in the year under review was that of private equity consultancy. Koala is a private equity executiveand holds partnership fund interests. These Funds are third party private equity investments structured through limited partnerships.22true OC382326 2022-04-01 2023-03-31 OC382326 2021-04-01 2022-03-31 OC382326 2023-03-31 OC382326 2022-03-31 OC382326 c:CurrentFinancialInstruments 2023-03-31 OC382326 c:CurrentFinancialInstruments 2022-03-31 OC382326 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC382326 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC382326 d:FRS102 2022-04-01 2023-03-31 OC382326 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC382326 d:FullAccounts 2022-04-01 2023-03-31 OC382326 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC382326 6 2022-04-01 2023-03-31 OC382326 d:PartnerLLP1 2022-04-01 2023-03-31 OC382326 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC382326 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC382326 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC382326 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 OC382326 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC382326









KOALA ENERGY CAPITAL LLP







UNAUDITED

MEMBERS REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
KOALA ENERGY CAPITAL LLP
 

CONTENTS



Page
Members' Report
 
1
Members' Responsibilities Statement
 
2
Balance Sheet
 
3 - 4
Reconciliation of Members' Interests
 
5
Notes to the Financial Statements
 
6 - 9


 
KOALA ENERGY CAPITAL LLP
 
  
MEMBERS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The members present their annual report together with the financial statements of Koala Energy Capital LLP (the "LLP") for the year ended 31 March 2023
 

Principal activities
 
 
The principal activity of the LLP is is that of an investment business and holds partnership fund interests. These funds are third party private equity investments structured through limited partnerships.
 
 
Designated Members
 
 
R J Quinlan and V E Quinlan were designated members of the LLP throughout the period.
 

 
Members' capital and interests
 
 
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.
 
 
Details of changes in members' capital in the year ended 31 March 2023 are set out in the Reconciliation of Members' Interests.
 
No member shall be entitled to exercise their voting right, to receive or be credited with any profits of the LLP or to participate in the management of the LLP if the amount due to be paid for their capital account remains unpaid.
 
 
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profit & losses shall be allocated to the accounts of the Members such as shall reflect the entitlement of the Members to receive distributions in respect of their Capital Contributions from time to time.
 

Small LLP Exemption
 
 
The financial statements have been prepared in accordance with the special provisions relating to LLPs subject
to the small LLPs regime within Part 15 of the Companies Act 2006, as applied by The Limited Liability
Partnerships (Accounts and Audit) (Application of the Companies Act 2006), Regulations 2008, and in
accordance with FRS 102.
 
 
This report was approved by the members and signed on their behalf by: 



R J Quinlan
Designated member
Date: 19 October 2024
Page 1

 
KOALA ENERGY CAPITAL LLP
 
 
MEMBERS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

The members are responsible for preparing the annual report and thefinancial statements in accordance with applicable law and regulations.

Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law, as applied by the Limited Liability Partnership (Accounts and Audit (Applications of Companies Act 2006) Regulations 2008), the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period.

 In preparing these financial statements, the members are required to:

select suitable accounting policies for the LLP's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the entity will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and to enable them to ensure that the financial statements comply with the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

 
KOALA ENERGY CAPITAL LLP
REGISTERED NUMBER: OC382326

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
618,014
785,617

  
618,014
785,617

Current assets
  

Debtors: amounts falling due within one year
 5 
82,902
155,498

Cash at bank and in hand
 6 
51,552
44,510

  
134,454
200,008

Creditors: Amounts Falling Due Within One Year
 7 
(400,662)
(648,859)

Net current liabilities
  
 
 
(266,208)
 
 
(448,851)

Total assets less current liabilities
  
351,806
336,766

  

Net assets
  
351,806
336,766


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
55,918
40,878

  
55,918
40,878

Members' other interests
  

Members' capital classified as equity
  
295,888
295,888

  
351,806
336,766


Total members' interests
  

Loans and other debts due to members
 8 
55,918
40,878

Members' other interests
  
295,888
295,888

  
351,806
336,766


Page 3

 
KOALA ENERGY CAPITAL LLP
REGISTERED NUMBER: OC382326
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




R J Quinlan
Designated member
Date: 19 October 2024

The notes on pages 6 to 9 form part of these financial statements.

Page 4

 
KOALA ENERGY CAPITAL LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Total
Other amounts
Total
Total

£
£
£
£
£

Members' interests after profit/loss for the year
295,888
295,888
87,415
87,415
383,303

Loss allocation
 
-
-
(46,537)
(46,537)
(46,537)

Amounts due to members
40,878
40,878

Balance at 31 March 2022
295,888
295,888
40,878
40,878
336,766

Members' remuneration charged as an expense
 
-
-
-
-
-

Members' interests after profit for the year
295,888
295,888
40,878
40,878
336,766

Profit allocation
-
-
90,040
90,040
90,040

Drawings
 
-
-
(75,000)
(75,000)
(75,000)

Amounts due to members
55,918
55,918

Balance at 31 March 2023 
295,888
295,888
55,918
55,918
351,806

The notes on pages 6 to 9 form part of these financial statements.



Page 5

 
KOALA ENERGY CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Koala Energy Capital LLP is a Limited Liability Parntership incorporated in England and Wales, The address is 2 Coracle Offices, St Catherine Street, Carmarthen, Carmarthenshire, SA31 1RD. The principal activity of the LLP in the year under review was that of an investment business and holds partnership fund interests. These funds are third party private equity investments structured through limited partnerships.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006 applicable to LLP's subject to the small LLP's regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Taxation

In accordance with Section 10 of the Limited Liability Partnership Act 2000, any trade, profession or
business carried on by the LLP is treated as though that business were carried on in partnership by
its members. Accordingly, any liability to taxation is that of the members themselves and not of the
LLP. Thus there is no provision for taxation in these financial statements.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis which assumes that the LLP
will continue in operational existence for the forseeable future. The LLP expects the continued support of its members, which has confirmed that it will provide such financial support as is necessary for the LLP to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of these financial statements.

Page 6

 
KOALA ENERGY CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Valuation of investments

Investments in unlisted  entities represent investments in limited partnership and are stated at market value at each balance sheet date. Gains and losses on remeasurement are recognised at historic cost less impairment.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 7

 
KOALA ENERGY CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.


3.


Employees


The average monthly number of employees, including members, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Other Investments

£



Cost or valuation


At 1 April 2022
785,617


Disposals
(209,203)


Foreign exchange movement
41,600



At 31 March 2023
618,014





5.


Debtors

2023
2022
£
£


Other debtors
82,903
155,498

82,903
155,498



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,552
44,510

51,552
44,510


Page 8

 
KOALA ENERGY CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
391,662
648,859

Accruals and deferred income
9,000
-

400,662
648,859



8.


Loans and other debts due to members


2023
2022
£
£



Amounts due to members
55,918
40,878

55,918
40,878

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
55,918
40,878

55,918
40,878

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 9