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Registration number: OC447001

Entrust Risk Management Llp

Annual Report and Unaudited Financial Statements

for the period from 20 April 2023 to 30 April 2024

 

Entrust Risk Management Llp

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Statement of Changes in Members’ Interests

3

Notes to the Financial Statements

4

 

Entrust Risk Management Llp

Limited liability partnership information

Designated members

Mr Jean Gazancon

Mr Snehith Peddiraju

Mr Anthony Russell Osborn
 

Registered office

17 Norfolk Crescent
Bath
BA1 2BE

Accountants

M.J. Smith & Co Limited
Chartered Accountants
11 Yeo Business Park Axehayes Farm
Clyst St. Mary
Exeter
Devon
EX5 1DP

 

Entrust Risk Management Llp

(Registration number: OC447001)
Balance Sheet as at 30 April 2024

Note

2024
£

Creditors: Amounts falling due within one year

3

(312)

Net liabilities attributable to members

 

(312)

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(312)

   

(312)

Total members' interests

 

Loans and other debts due to members

 

(312)

   

(312)

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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

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.

The financial statements of Entrust Risk Management Llp (registered number OC447001) were approved by the Board and authorised for issue on 14 January 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mr Anthony Russell Osborn
Designated member

 

Entrust Risk Management Llp

Statement of Changes in Members’ Interests
At 30 April 2024

 

Loans and other debts due to/(from) members

   

Members' other amounts
£

Total debt
£

Total
2024
£

Members' remuneration charged as an expense

(352)

(352)

(352)

At 30 April 2024

(352)

(352)

(352)

 

Entrust Risk Management Llp

Notes to the Financial Statements for the Period from 20 April 2023 to 30 April 2024

1

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 Entrust Risk Management 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.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

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.

 

Entrust Risk Management Llp

Notes to the Financial Statements for the Period from 20 April 2023 to 30 April 2024

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 3.

3

Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income

312

4

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.