Registered No. OC449009 (England and Wales)
SOLVEN LLP
Unaudited accounts
for the period from 8 September 2023 to 31 December 2024
SOLVEN LLP
LLP Information
for the period from 8 September 2023 to 31 December 2024
Designated members
Mr Ricardo Garcia Dufort Y Alvarez
Registered Number
OC449009 (England and Wales)
Registered Office
50 MEAD LANE
BUXTED
EAST SUSSEX
TN22 4AS
ENGLAND
Accountants
Fusion Partners LLP
50 Mead Lane
Buxted
East Sussex
TN22 4AS
SOLVEN LLP
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
1,927,184
Creditors: amounts falling due within one year
130,576
Net current assets
895,772
Net assets attributable to members
895,772
Members' other interests
895,772
For the period ending 31 December 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 20 May 2025.
Mr Ricardo Garcia Dufort Y Alvarez
Designated member
Limited Liability Partnership Registration No. OC449009
SOLVEN LLP
Notes to the Accounts
for the period from 8 September 2023 to 31 December 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 $USD which is the functional currency of the entity.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
SOLVEN LLP is a limited liability partnership, incorporated in England and Wales, registration number OC449009. Its registered office is 50 MEAD LANE, BUXTED, EAST SUSSEX, TN22 4AS, ENGLAND.
3
Creditors: amounts falling due within one year
2024
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the period the average number of employees was 0.