Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-3022840804992024-06-3012false172023-07-01falseAdvisory firm to private equity fundtruefalse OC308319 2023-07-01 2024-06-30 OC308319 2022-07-01 2023-06-30 OC308319 2024-06-30 OC308319 2023-06-30 OC308319 c:FurnitureFittings 2023-07-01 2024-06-30 OC308319 c:FurnitureFittings 2024-06-30 OC308319 c:FurnitureFittings 2023-06-30 OC308319 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC308319 c:ComputerEquipment 2023-07-01 2024-06-30 OC308319 c:ComputerEquipment 2024-06-30 OC308319 c:ComputerEquipment 2023-06-30 OC308319 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC308319 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC308319 c:CurrentFinancialInstruments 2024-06-30 OC308319 c:CurrentFinancialInstruments 2023-06-30 OC308319 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 OC308319 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 OC308319 d:FRS102 2023-07-01 2024-06-30 OC308319 d:Audited 2023-07-01 2024-06-30 OC308319 d:FullAccounts 2023-07-01 2024-06-30 OC308319 d:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC308319 c:Subsidiary1 2023-07-01 2024-06-30 OC308319 c:Subsidiary1 1 2023-07-01 2024-06-30 OC308319 c:Subsidiary2 2023-07-01 2024-06-30 OC308319 c:Subsidiary2 1 2023-07-01 2024-06-30 OC308319 c:Subsidiary3 2023-07-01 2024-06-30 OC308319 c:Subsidiary3 1 2023-07-01 2024-06-30 OC308319 c:Subsidiary4 2023-07-01 2024-06-30 OC308319 c:Subsidiary4 1 2023-07-01 2024-06-30 OC308319 c:Subsidiary5 2023-07-01 2024-06-30 OC308319 c:Subsidiary5 1 2023-07-01 2024-06-30 OC308319 c:Subsidiary6 2023-07-01 2024-06-30 OC308319 c:Subsidiary6 1 2023-07-01 2024-06-30 OC308319 d:PartnerLLP1 2023-07-01 2024-06-30 OC308319 d:PartnerLLP2 2023-07-01 2024-06-30 OC308319 d:PartnerLLP3 2023-07-01 2024-06-30 OC308319 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-06-30 OC308319 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-06-30 OC308319 c:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30 OC308319 c:FurtherSpecificReserve3ComponentTotalEquity 2023-06-30 OC308319 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure


Registered number: OC308319












ACTIVE PARTNERS INVESTMENTS LLP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 

ACTIVE PARTNERS INVESTMENTS LLP

INFORMATION



Designated Members
G Davies
N Evans
S Skinner

LLP registered number
OC308319

Registered office
2nd Floor
Heathmans House
19 Heathmans Road
London
SW6 4TJ

Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Bankers
Coutts & Co
440 Strand
London
WC2R 0QS


 

ACTIVE PARTNERS INVESTMENTS LLP
  
MEMBERS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The members present their annual report together with the audited financial statements of Active Partners Investments LLP (the "LLP") for the ended 30 June 2024
 

Principal activities
 
 
The principal activity of the LLP during the year was provision of private equity advisory services. The members intend to continue to develop the business.
 
 
Designated Members
 
 
G Davies, N Evans and S Skinner were designated members of the LLP throughout the period.
 

 
Members' capital and interests
 
 
Members share profits and losses in accordance with profit sharing agreements.
 
 
Members' capital and drawings are determined by the regulatory capital requirements of the FCA and any trading needs of the LLP.
 
 
Members' responsibilities statement
 
 
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
 
 
Company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period.

In preparing these financial statements, the members are required to:
 
select suitable accounting policies and then apply them consistently;
 
make judgments and accounting estimates that are reasonable and prudent;
 
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.
 

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008)They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 
Disclosure of information to auditor
 
 
Each of the persons who are members at the time when this Members' Report is approved has confirmed that:

so far as that member is aware, there is no relevant audit information of which the LLP's auditor is unaware, and

Page 1

 

ACTIVE PARTNERS INVESTMENTS LLP
 
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
 
 
that member has taken all the steps that ought to have been taken as a member in order to be aware of any relevant audit information and to establish that the LLP's auditor is aware of that information.
 

Auditor
 
 
The auditorBlick Rothenberg Audit LLPhave indicated their willingness to continue in office.
 

This report was approved by the members on 18 October 2024 and signed on their behalf by:
 
 

S Skinner
Designated member

S Skinner








Page 2

 

ACTIVE PARTNERS INVESTMENTS LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE PARTNERS INVESTMENTS LLP
 FOR THE YEAR ENDED 30 JUNE 2024

Opinion
 

We have audited the financial statements of Active Partners Investments LLP (the 'LLP') for the year ended 30 June 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Reconciliation of Members' Interests and the notes to the financial statements, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the LLP's affairs as at 30 June 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006, as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
 

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information
 

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The members are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 3

 

ACTIVE PARTNERS INVESTMENTS LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE PARTNERS INVESTMENTS LLP (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Matters on which we are required to report by exception
 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006, as applied to limited liability partnerships, requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit; or
the members were not entitled to prepare the financial statements in accordance with the small limited liability partnerships regime.

Responsibilities of members
 

As explained more fully in the Members' Responsibilities Statement set out on page 1, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and
noncompliance with laws and regulations, our procedures included the following: enquiring of management concerning the LLP's policies with regards to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the LLP's policies for detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the LLP's policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the LLP operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the LLP. The key laws and regulations we considered in this context included the Companies Act 2006, as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and the Financial Services and Markets Act 2000.
A particular focus area was the risk of fraud through management override of controls. Our procedures to
respond to risks identified included the following: performing analytical procedures to identify any unusual or
Page 4

 

ACTIVE PARTNERS INVESTMENTS LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE PARTNERS INVESTMENTS LLP (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the LLP for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the Financial Conduct Authority ('the FCA'). The LLP was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the LLP and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipt of client monies; and discussion of regulatory matters with the appointed officers of the LLP.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report
 

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, as applied by Part 12 of The Limited Liability Partnerships (Accounts and Audit) (Applications of Companies Act 2006) Regulations 2008Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members, as a body, for our audit work, for this report, or for the opinions we have formed.




Richard Hinton (Senior Statutory Auditor)
for and on behalf of
Blick Rothenberg Audit LLP
Chartered Accountants
Statutory Auditor
 
16 Great Queen Street
Covent Garden
London
WC2B 5AH
 

21 October 2024
Page 5

 

ACTIVE PARTNERS INVESTMENTS LLP
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
Note
£
£

  

Turnover
  
3,742,677
4,194,849

Gross profit
  
 
3,742,677
 
4,194,849

Administrative expenses
  
(2,939,034)
(3,488,079)

Operating profit
  
 
803,643
 
706,770

Interest receivable and similar income
  
19,197
12,731

Profit/(loss) before tax
  
 
822,840
 
719,501

Profit/(loss) for the year before members' remuneration and profit shares
  
 
£822,840
 
£719,501

Profit for the year before members' remuneration and profit shares
  
822,840
719,501

Members' remuneration charged as an expense
  
(800,000)
(800,000)

Profit/(loss) for the financial year available for discretionary division among members
  
 
£22,840
 
£(80,499)

Other comprehensive income for the year
  

  

Total comprehensive income for the year
  
£22,840
£(80,499)

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

The notes on pages 10 to 15 form part of these financial statements.

Page 6


 
REGISTERED NUMBER:OC308319
ACTIVE PARTNERS INVESTMENTS LLP

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
12,897
18,904

Investments
 6 
101
101

  
12,998
19,005

Current assets
  

Debtors: amounts falling due within one year
 7 
1,734,011
1,913,838

Cash at bank and in hand
  
840,220
372,619

  
2,574,231
2,286,457

Creditors: amounts falling due within one year
 9 
(441,599)
(695,703)

Net current assets
  
 
 
2,132,632
 
 
1,590,754

Total assets less current liabilities
  
2,145,630
1,609,759

  

Net assets attributable to members
  
£2,145,630
£1,609,759


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
2,130,630
1,594,759

  
2,130,630
1,594,759

Members' other interests
  

Members' capital classified as equity

  

15,000
15,000

  
 
15,000
 
15,000

  
£2,145,630
£1,609,759


Total members' interests
  

Loans and other debts due to members
  
2,130,630
1,594,759

Members' other interests
  
15,000
15,000

  
£2,145,630
£1,609,759


Page 7


 
REGISTERED NUMBER:OC308319
ACTIVE PARTNERS INVESTMENTS LLP
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 18 October 2024.




S Skinner
Designated member

The notes on pages 10 to 15 form part of these financial statements.

Page 8

 

ACTIVE PARTNERS INVESTMENTS LLP

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 JUNE 2024







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members 

1,390,489
1,390,489


Balance at 1 July 2022 
15,000
(18,666)
(3,666)
1,390,489
1,390,489
1,386,823

Members' remuneration charged as an expense
-
-
-
800,000
800,000
800,000

Loss for the year available for discretionary division among members
 
-
(80,499)
(80,499)
-
-
(80,499)

Members' interests after profit for the year
15,000
(99,165)
(84,165)
2,190,489
2,190,489
2,106,324

Allocated profit
-
99,165
99,165
(99,165)
(99,165)
-

Amounts withdrawn by members
 
-
-
-
(496,565)
(496,565)
(496,565)

Amounts due to members
 



1,594,759
1,594,759


Balance at 30 June 2023
15,000
-
15,000
1,594,759
1,594,759
1,609,759

Members' remuneration charged as an expense
-
-
-
800,000
800,000
800,000

Profit for the year available for discretionary division among members
 
-
22,840
22,840
-
-
22,840

Members' interests after profit for the year
15,000
22,840
37,840
2,394,759
2,394,759
2,432,599

Allocated loss
-
(22,840)
(22,840)
22,840
22,840
-

Amounts withdrawn by members
 
-
-
-
(286,969)
(286,969)
(286,969)

Amounts due to members
 



2,130,630
2,130,630


Balance at 30 June 2024 
£15,000
£-
£15,000
£2,130,630
£2,130,630
£2,145,630

The notes on pages 10 to 15 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 9

 

ACTIVE PARTNERS INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Active Partners Investments LLP is a Limited Liability Partnership incorporated in the United Kingdom and registered in England and Wales. 
The LLP's address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.
The principal activity is the provision of private equity advisory services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. Management do not consider there are any key accounting estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.
Management are also required to exercise judgement in applying the entity's accounting policies. Due to the straight forward nature of the business management consider that no critical judgements have been made in applying the entity's accounting policies.
The LLP is the parent company of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the LLP as an individual undertaking and not about its group.

 
2.2

Revenue

Revenue represents fees receivable during the period for investment management and monitoring services, which are recognised over the period in which the services are provided. Revenue is recognised exclusive of value added tax.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 10

 

ACTIVE PARTNERS INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furniture & fixtures
-
5 years
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.5

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

  
2.6

Members' profit allocations

A member's non-discretionary profit allocation is accounted for as remuneration charged as an expense in the Statement of comprehensive income.
A member's discretionary share in the profit or the loss for the period is accounted for as an allocation of profits/losses. Unallocated profits and losses are included within "other reserves".

  
2.7

Tax provision

No provision for tax has been made each member will be responsible for their own tax liability.

Page 11

 

ACTIVE PARTNERS INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides some of its profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 17).


4.


Information in relation to members

2024
2023
Number
Number
2024
2023
£
£


The average members remuneration during the year was
£3
£3







Page 12

 

ACTIVE PARTNERS INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 July 2023
64,234
129,646
193,880


Additions
163
5,653
5,816



At 30 June 2024

64,397
135,299
199,696



Depreciation


At 1 July 2023
61,401
113,575
174,976


Charge for the year on owned assets
952
10,871
11,823



At 30 June 2024

62,353
124,446
186,799



Net book value



At 30 June 2024
£2,044
£10,853
£12,897



At 30 June 2023
£2,833
£16,071
£18,904

Page 13

 

ACTIVE PARTNERS INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 July 2023
101



At 30 June 2024
£101





Subsidiary undertakings


The following were subsidiary undertakings of the LLP:

Name

Class of shares

Holding

Active GP Limited
Ordinary
100%
Active GP II Limited
Ordinary
100%
Active GP III LLP
Ordinary
100%
Active GP IV LLP
Ordinary
100%
Active GP FP LLP
Ordinary
100%
Active General Partner III LLP
Ordinary
100%

*The LLP holds a direct investment in these entities and has 100% ownership through a combination of its direct and indirect interests.


7.


Debtors

2024
2023
£
£


Trade debtors
523,549
651,163

Amounts owed by group undertakings
252,905
163,548

Other debtors
859,838
687,311

Prepayments and accrued income
97,719
411,816

£1,734,011
£1,913,838


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ACTIVE PARTNERS INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
840,220
372,619

£840,220
£372,619



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
56,798
191,163

Other taxation and social security
116,930
153,315

Other creditors
14,991
18,486

Accruals and deferred income
252,880
332,739

£441,599
£695,703



10.


Related party transactions

During the year turnover of £2,556,908 (2023: £2,834,189) was derived from group entities . The amount due from the entities at the year end was £569,050 (2023: £695,696) of which £155,705 (2023: £227,423) was in respect of deferred income. 
Also during the year turnover of £964,987 (2023: £1,259,136) was derived from entities under common significant influence with the LLP. The amount due from these entities at the year end was £800,316 (2023: £825,260) of which £545,558 (2023: £388,959) has been provided against.
During the prior year, Active Partners Investments LLP issued a loan to an entity under common control of the LLP members. At the year end, £421,673 (2023: £265,263) was outstanding. There is no interest charged on the loan.

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