Registration number:
Cohortis Capital LLP
for the period from 12 April 2023 to 30 April 2024
Cohortis Capital LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Statement of Changes in Members’ Interests |
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Notes to the Financial Statements |
Cohortis Capital LLP
Limited liability partnership information
Designated members |
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Registered office |
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Cohortis Capital LLP
(Registration number: OC446831)
Balance Sheet as at 30 April 2024
Note |
30 April 2024 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
1,346,000 |
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Members’ other interests |
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Members' capital classified as equity |
1,000,000 |
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Other reserves |
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1,268,586 |
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2,614,586 |
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Total members' interests |
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Loans and other debts due to members |
1,346,000 |
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Equity |
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2,614,586 |
For the year ending 30 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.
Cohortis Capital LLP
(Registration number: OC446831)
Balance Sheet as at 30 April 2024 (continued)
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
Cohortis Capital LLP
(Registration number: OC446831)
Balance Sheet as at 30 April 2024 (continued)
The financial statements of Cohortis Capital LLP (registered number OC446831) were approved by the
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Cohortis Capital LLP
Statement of Changes in Members’ Interests
At 30 April 2024
Equity |
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Other reserves |
Total equity |
Total |
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Profit for the financial period available for discretionary division among members |
268,586 |
268,586 |
268,586 |
At 30 April 2024 |
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268,586 |
268,586 |
Cohortis Capital LLP
Notes to the Financial Statements for the Period from 12 April 2023 to 30 April 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
General information and basis of accounting
The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Cohortis Capital LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Members' remuneration and division of profits
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members.
Cohortis Capital LLP
Notes to the Financial Statements for the Period from 12 April 2023 to 30 April 2024 (continued)
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Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Financial instruments
Classification
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Recognition and Measurement
Debt instruments that are classified as payable or receivable within one year on initial recognition are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
Cohortis Capital LLP
Notes to the Financial Statements for the Period from 12 April 2023 to 30 April 2024 (continued)
Debtors |
30 April 2024 |
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Other debtors |
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Total current trade and other debtors |
2,680,081 |
Creditors: Amounts falling due within one year |
30 April 2024 |
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Trade creditors |
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Accruals and deferred income |
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