Registered number
OC450479
ARKIN CAPITAL LLP
Filleted Accounts
31 January 2025
ARKIN CAPITAL LLP
Registered number: OC450479
Balance Sheet
as at 31 January 2025
Notes 2025
£
Current assets
Debtors 39
Cash at bank and in hand 54,600,000,889
54,600,000,928
Creditors: amounts falling due within one year (588)
Net current assets/(liabilities) 54,600,000,340
Total assets less current liabilities 54,600,001,048
Creditors: amounts falling due after more than one year 3 (54,600,000,000)
Net assets/(liabilities) attributable to members 1,048
Members' other interests
Members' capital classified as equity 11,345
Other reserves (10,297)
1,048
1,048
Total members' interests
Members' other interests 1,048
1,048
For the period ended 31 January 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 8 May 2025 and signed on their behalf by:
Elio Morandin
Designated member
ARKIN CAPITAL LLP
Notes to the Accounts
for the period from 4 January 2024 to 31 January 2025
1 Accounting policies
Basis of preparation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant & Machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Cash at Bank
Funds amounting to £ 54.6 billion are held in cash and banks, these funds will remain available for future projects or financial guarantees and are not intended for distribution
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024
Number
Average number of persons employed by the LLP 2
3 Creditors: amounts falling due after one year 2025 2024
£ £
Amrock Petroleum Trading 54,600,000,000 -
4 Other information
ARKIN CAPITAL LLP is a limited liability partnership incorporated in England. Its registered office is:
Carlyle House, 235-237
Vauxhall bridge road
London
England
SW1V1EJ
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