Silverfin false 31/03/2024 12/01/2023 31/03/2024 K2 Kapital Limited 12/01/2023 Nordic Vector Ltd 12/01/2023 Skal Holding Limited 12/01/2023 Zoroverse Limited 12/01/2023 24 October 2024 OC445344 2024-03-31 OC445344 bus:Director1 2024-03-31 OC445344 bus:Director2 2024-03-31 OC445344 bus:Director3 2024-03-31 OC445344 bus:Director4 2024-03-31 OC445344 core:CurrentFinancialInstruments 2024-03-31 OC445344 core:OfficeEquipment 2023-01-11 OC445344 2023-01-11 OC445344 core:OfficeEquipment 2024-03-31 OC445344 2023-01-12 2024-03-31 OC445344 bus:FullAccounts 2023-01-12 2024-03-31 OC445344 bus:SmallEntities 2023-01-12 2024-03-31 OC445344 bus:AuditExemptWithAccountantsReport 2023-01-12 2024-03-31 OC445344 bus:LimitedLiabilityPartnershipLLP 2023-01-12 2024-03-31 OC445344 bus:Director1 2023-01-12 2024-03-31 OC445344 bus:Director2 2023-01-12 2024-03-31 OC445344 bus:Director3 2023-01-12 2024-03-31 OC445344 bus:Director4 2023-01-12 2024-03-31 OC445344 core:OfficeEquipment core:TopRangeValue 2023-01-12 2024-03-31 OC445344 core:OfficeEquipment 2023-01-12 2024-03-31 iso4217:GBP xbrli:pure

Company No: OC445344 (England and Wales)

ARKWRIGHT LONDON PARTNERS LLP

Unaudited Financial Statements
For the financial period from 12 January 2023 to 31 March 2024
Pages for filing with the registrar

ARKWRIGHT LONDON PARTNERS LLP

Unaudited Financial Statements

For the financial period from 12 January 2023 to 31 March 2024

Contents

ARKWRIGHT LONDON PARTNERS LLP

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ARKWRIGHT LONDON PARTNERS LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 3 344
344
Current assets
Debtors 4 41,728
Cash at bank and in hand 34,503
76,231
Creditors: amounts falling due within one year 5 ( 6,960)
Net current assets 69,271
Total assets less current liabilities 69,615
Net assets attributable to members 69,615
Represented by
Loans and other debts due to members within one year
Other amounts 69,615
69,615
Members' other interests
0
69,615
Total members' interests
Loans and other debts due to members 7 69,615
69,615

For the financial period ending 31 March 2024 the LLP 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.

Members' responsibilities:

The financial statements of Arkwright London Partners LLP (registered number: OC445344) were approved and authorised for issue by the Board of Directors on 24 October 2024. They were signed on its behalf by:

Skal Holding Limited
Designated member
ARKWRIGHT LONDON PARTNERS LLP

RECONCILIATION OF MEMBERS' INTERESTS

For the financial period from 12 January 2023 to 31 March 2024
ARKWRIGHT LONDON PARTNERS LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial period from 12 January 2023 to 31 March 2024
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other amounts Total
£ £
Balance at 12 January 2023 0 0
Members' remuneration charged as an expense, including employment and retirement benefit costs 1,580,474 1,580,474
Members' interest after result for the financial period 1,580,474 1,580,474
Drawings (1,510,859) (1,510,859)
Amounts due to members 69,615
Balance at 31 March 2024 69,615 69,615

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

ARKWRIGHT LONDON PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 January 2023 to 31 March 2024
ARKWRIGHT LONDON PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 January 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Arkwright London Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

2. Employees

Period from
12.01.2023 to
31.03.2024
Number
Monthly average number of persons employed by the LLP during the period 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 12 January 2023 0 0
Additions 393 393
At 31 March 2024 393 393
Accumulated depreciation
At 12 January 2023 0 0
Charge for the financial period 49 49
At 31 March 2024 49 49
Net book value
At 31 March 2024 344 344

4. Debtors

31.03.2024
£
Other debtors 41,728

5. Creditors: amounts falling due within one year

31.03.2024
£
Trade creditors 1,188
Accruals 5,772
6,960

6. Related party transactions

The designated members of the LLP are considered to be key management responsible for planning, directing and controlling the activities of the LLP. Transactions with the designated members are shown in the reconciliation of members interests.

7. Loans and other debts due to members

31.03.2024
£
Other amounts due to members falling due within one year 69,615

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

The amount of capital each member is required to subscribe is in accordance with the Members Agreement.