Company No:
Contents
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 |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
|
|
|
1,500 | 1,500 | |||
Creditors: amounts falling due within one year | 4 | (
|
(
|
|
Net current liabilities | (12,840) | (8,400) | ||
Total assets less current liabilities | (11,340) | (6,900) | ||
Net liabilities attributable to members | (
|
(
|
||
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) |
Members' responsibilities:
The financial statements of LEA Capital LLP (registered number:
S Patel
Designated member |
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
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.
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.
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.
Other investments are measured at cost less impairment. Cost is calculated as the transaction price excluding transaction cost.
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 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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
|
|
Other investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 August 2023 |
|
|
|
At 31 July 2024 |
|
|
|
Carrying value at 31 July 2024 |
|
|
|
Carrying value at 31 July 2023 |
|
|
2024 | 2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Other creditors |
|
|
|
|
|