Registered No. OC444593 (England and Wales)
Capital Matters2 LLP
Unaudited accounts
for the period from 9 November 2022 to 31 March 2024
Capital Matters2 LLP
Statement of financial position
as at 31 March 2024
Creditors: amounts falling due within one year
(793)
Net current liabilities
(793)
Net liabilities attributable to members
(532)
Loans and other debts due to members
290
Loans and other debts due to members
290
Members' other interests
(822)
For the period ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 13 February 2025.
Mr Vittorio Cosma
Designated member
Limited Liability Partnership Registration No. OC444593
Capital Matters2 LLP
Notes to the Accounts
for the period from 9 November 2022 to 31 March 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling which is the functional currency.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Investments in shares are included at fair value.
The designated members have a reasonable expectation, having reviewed budgets and cashflow forecasts, that the firm has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. For this reason, the members have adopted the going concern basis in preparing the financial statements.
Capital Matters2 LLP is a limited liability partnership, incorporated in England and Wales, registration number OC444593. Its registered office is 20-22 Wenlock Road, London, N1 7GU, England.
3
Investments
Other investments
Capital Matters2 LLP
Notes to the Accounts
for the period from 9 November 2022 to 31 March 2024
4
Creditors: amounts falling due within one year
2024
5
Loans and other debts due to members
2024
Amounts falling due within one year
290
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the period the average number of employees was 0.