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Company No: OC438304 (England and Wales)

LEA CAPITAL LLP

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

LEA CAPITAL LLP

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

LEA CAPITAL LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 July 2024
LEA CAPITAL LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 July 2024
DESIGNATED MEMBERS J G Brackenbury
S Patel
REGISTERED OFFICE 9-10 Coachworks C/O Longmead Capital
Charlotte Mews
England
W1T 4EF
London
United Kingdom
REGISTERED NUMBER OC438304 (England and Wales)
ACCOUNTANT S&W Partners (South East) Limited
Brockbourne House
77 Mount Ephraim
Royal Tunbridge Wells
TN4 8BS
LEA CAPITAL LLP

BALANCE SHEET

As at 31 July 2024
LEA CAPITAL LLP

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,500 1,500
1,500 1,500
Creditors: amounts falling due within one year 4 ( 12,840) ( 8,400)
Net current liabilities (12,840) (8,400)
Total assets less current liabilities (11,340) (6,900)
Net liabilities attributable to members ( 11,340) ( 6,900)
Represented by
Members' other interests
Members' capital classified as equity 1,500 1,500
Other reserves (12,840) (8,400)
(11,340) (6,900)
(11,340) (6,900)
Total members' interests
Members' other interests (11,340) (6,900)
(11,340) (6,900)

For the financial year ending 31 July 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of LEA Capital LLP (registered number: OC438304) were approved and authorised for issue by the Board of Directors on 22 April 2025. They were signed on its behalf by:

S Patel
Designated member
LEA CAPITAL LLP

RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 31 July 2024
LEA CAPITAL LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 31 July 2024
EQUITY
Members' other interests
Total members' interests
Members' capital (classified as equity) Other reserves Total Total
£ £ £ £
Balance at 01 August 2022 1,500 (4,560) (3,060) (3,060)
Loss for the financial year available for discretionary division among members 0 (3,840) (3,840) (3,840)
Members' interest after loss for the financial year 1,500 (8,400) (6,900) (6,900)
Balance at 31 July 2023 1,500 (8,400) (6,900) (6,900)
Loss for the financial year available for discretionary division among members 0 (4,440) (4,440) (4,440)
Members' interest after loss for the financial year 1,500 (12,840) (11,340) (11,340)
Balance at 31 July 2024 1,500 (12,840) (11,340) (11,340)

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

LEA CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
LEA CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

LEA Capital LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 9-10 Coachworks C/O Longmead Capital, Charlotte Mews, England, W1T 4EF, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of LEA Capital LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis despite the net liabilities.

The members have indicated their intention to support the activities of the LLP for the foreseeable future and therefore the members have concluded that there are no material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Fixed asset investments

Other investments are measured at cost less impairment. Cost is calculated as the transaction price excluding transaction cost.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

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 Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 0 0

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 August 2023 1,500 1,500
At 31 July 2024 1,500 1,500
Carrying value at 31 July 2024 1,500 1,500
Carrying value at 31 July 2023 1,500 1,500

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 4,200
Other creditors 12,840 4,200
12,840 8,400