REGISTERED NUMBER: OC341176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HEMERA CAPITAL MANAGEMENT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

B M W M Soquar

Hemera Management Ltd

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

OC341176 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

CURRENT ASSETS

Debtors

4

455,519

400,206

Cash at bank

41,174

-

496,693

400,206

CREDITORS

Amounts falling due within one year

5

373,279

330,329

NET CURRENT ASSETS

123,414

69,877

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

123,414

69,877

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Members' capital classified

as equity

2,992,612

2,881,112

Other reserves classified

as equity

(2,869,198

)

(2,811,235

)

123,414

69,877

TOTAL MEMBERS' INTERESTS

Members' other interests

123,414

69,877

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 3 April 2025 and were signed by:

B M W M Soquar - Designated member

1.	STATUTORY INFORMATION

Hemera Capital Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

The preparation of financial statements in accordance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the entity's accounting policies. Due to the straightforward nature of the business, no critical judgements have been made in applying the LLP's accounting policies. There are no key accounting estimates or assumptions made that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year.

Turnover

Revenue represents fees receivable during the period for discretionary business support and advisory services. Fees are recognised over the period which business support services are provided.

Financial instruments

The LLP does not trade in financial instruments and all such instruments arise directly from operations.

All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The LLP does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

As the LLP only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

Going concern

The members have indicated their willingness to continue to support the LLP as necessary in order for it to be able to meet its liabilities as they fall due and maintain a sufficient regulatory capital surplus for at least 12 months from the date of approval of these financial statements. The members therefore have a reasonable expectation that the LLP has adequate resources to continue in operation for the foreseeable future.

Thus the LLP has adopted the going concern basis of accounting in preparing the annual financial statements.

Members' remuneration and profit allocation

A members' share in the profit or the loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included with "other reserves".

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

454,853

397,311

Other debtors

666

2,895

455,519

400,206

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade creditors

7,195

10,724

Amounts owed to group undertakings

346,910

313,005

Other creditors

19,174

6,600

373,279

330,329

6.	RELATED PARTY DISCLOSURES

During the year the LLP was charged £269,106 (2023: £434,137) in respect of recharged expenses by Hemera Management Limited, a corporate member of the LLP. At the balance sheet date £346,910 (2023: £313,005 ) was due to Hemera Management Limited.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B M W M Soquar.