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REGISTERED NUMBER: OC357487 (England and Wales)















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: D W Osborne
H E R Osborne
J R W Osborne
A M R Osborne





REGISTERED OFFICE: Flat 1
43 West Park
London
SE9 4RZ





REGISTERED NUMBER: OC357487 (England and Wales)





ACCOUNTANTS: Sawin & Edwards LLP Chartered 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 1,239,799 1,239,799

CURRENT ASSETS
Debtors 5 35,110 36,347
Cash in hand 7,938 28,362
43,048 64,709
CREDITORS
Amounts falling due within one year 6 (2,729 ) (5,149 )
NET CURRENT ASSETS 40,319 59,560
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 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.

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 November 2024 and were signed by:




D W Osborne - Designated member

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 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.

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 1,239,799
NET BOOK VALUE
At 31 March 2024 1,239,799
At 31 March 2023 1,239,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,048 2,258
Amounts due from members 34,062 34,089
35,110 36,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8 1,042
Other creditors 2,721 4,107
2,729 5,149

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.