REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Capstan Partners LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Capstan Partners LLP |
Capstan Partners LLP (Registered number: OC357487) |
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 |
Capstan Partners LLP |
General Information |
for the Year Ended 31 March 2024 |
DESIGNATED MEMBERS: |
H E R Osborne |
J R W Osborne |
A M R Osborne |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Studio 16 |
Cloisters House |
8 Battersea Park Road |
London |
SW8 4BG |
Capstan Partners LLP (Registered number: OC357487) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,280,118 |
1,299,359 |
Capstan Partners LLP (Registered number: OC357487) |
Balance Sheet - continued |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
60,108 |
79,349 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,220,010 | 1,220,010 |
1,280,118 | 1,299,359 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 60,108 | 79,349 |
Members' other interests | 1,220,010 | 1,220,010 |
Amounts due from members | 5 | (34,062 | ) | (34,089 | ) |
1,246,056 | 1,265,270 |
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. |
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 |
Capstan Partners LLP (Registered number: OC357487) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Capstan Partners 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 present information about the LLP as an individual undertaking and not about its group, of which the LLP is the parent undertaking. As a small group, the parent undertaking is exempt from preparing consolidated financial statements. |
Turnover |
Turnover represents the gross invoiced value of services supplied by the company in the United Kingdom. |
Tangible fixed assets |
The properties are rented out under assured shorthold tenancy leases and are therefore carried at cost. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. |
Debtors and creditors |
Basic financial assets and liabilities, including other debtors and creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand and at bank. |
Going concern |
The designated members consider that there are no material uncertainties about the LLP's ability to continue as a going concern. In forming their opinion, the designated members have considered a period of one year from the date of signing the financial statements. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
Capstan Partners LLP (Registered number: OC357487) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Prepayments |
Amounts due from members |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members' (other than members' capital classified as debt ) would rank equally in relation to other creditors. |
8. | RELATED PARTY DISCLOSURES |
The designated members, D W Osborne, H E R Osborne, J R W Osborne and A M R Osborne were directors of Capstan Construction Limited, a wholly owned subsidiary of Capstan Partners LLP. Capstan Construction Limited was dissolved on 27 December 2022. |
During the year, management charges amounting to £Nil (2023: £1,000) were levied and recharged by Capstan Partners LLP to Capstan Construction Limited. |