Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false122024-04-01The principal activity of the LLP was to provide advisory and capital raising services to government, multi national and corporate entities. On 11 July 2019 the LLP were no longer FCA regulated, this decision was undertaken by the Members of the LLP dueto a restructuring across the Lion's Head group.8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC338440 2024-04-01 2025-03-31 OC338440 2023-04-01 2024-03-31 OC338440 2025-03-31 OC338440 2024-03-31 OC338440 2023-04-01 OC338440 7 2024-04-01 2025-03-31 OC338440 7 2023-04-01 2024-03-31 OC338440 10 2024-04-01 2025-03-31 OC338440 10 2023-04-01 2024-03-31 OC338440 d:OfficeEquipment 2024-04-01 2025-03-31 OC338440 d:OfficeEquipment 2025-03-31 OC338440 d:OfficeEquipment 2024-03-31 OC338440 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC338440 d:CurrentFinancialInstruments 2025-03-31 OC338440 d:CurrentFinancialInstruments 2024-03-31 OC338440 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 OC338440 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 OC338440 e:FRS102 2024-04-01 2025-03-31 OC338440 e:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC338440 e:FullAccounts 2024-04-01 2025-03-31 OC338440 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC338440 d:WithinOneYear 2025-03-31 OC338440 d:WithinOneYear 2024-03-31 OC338440 d:BetweenOneFiveYears 2025-03-31 OC338440 d:BetweenOneFiveYears 2024-03-31 OC338440 e:PartnerLLP1 2024-04-01 2025-03-31 OC338440 d:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC338440 d:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC338440 d:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC338440 d:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC338440 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC338440









LION'S HEAD GLOBAL PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LION'S HEAD GLOBAL PARTNERS LLP
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Lion's Head Global Partners LLP for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Lion's Head Global Partners LLP and state those matters that we have agreed to state to the Lion's Head Global Partners LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lion's Head Global Partners LLP and its members for our work or for this report. 

It is your duty to ensure that Lion's Head Global Partners LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lion's Head Global Partners LLP. You consider that Lion's Head Global Partners LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lion's Head Global Partners LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Wilson Partners Limited
Chartered Accountants
 
Windsor House
Station Court
Station Road
Great Shelford
Cambridge
CB22 5NE
26 June 2025
Page 1

 
LION'S HEAD GLOBAL PARTNERS LLP
REGISTERED NUMBER: OC338440

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
14,120
15,807

  
14,120
15,807

Current assets
  

Debtors
  
1,057,663
1,010,833

Cash at bank
 6 
1,032,896
364,151

  
2,090,559
1,374,984

Creditors: Amounts Falling Due Within One Year
 7 
(950,602)
(552,511)

Net current assets
  
 
 
1,139,957
 
 
822,473

Total assets less current liabilities
  
1,154,077
838,280

  

Net assets
  
1,154,077
838,280


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
354,077
438,280

  
354,077
438,280

Members' other interests
  

Members' capital classified as equity
  
800,000
400,000

  
 
800,000
 
400,000

  
1,154,077
838,280


Total members' interests
  

Loans and other debts due to members
 8 
354,077
438,280

Members' other interests
  
800,000
400,000

  
1,154,077
838,280


Page 2

 
LION'S HEAD GLOBAL PARTNERS LLP
REGISTERED NUMBER: OC338440
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 26 June 2025.




................................................
C Egerton-Warburton
Designated member

The notes on pages 6 to 11 form part of these financial statements.

Lion's Head Global Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 3

 
LION'S HEAD GLOBAL PARTNERS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due from members 

(70,809)
(70,809)


Balance at 1 April 2023 
100,000
-
100,000
(70,809)
(70,809)
29,191

Profit for the year available for discretionary division among members
 
-
813,952
813,952
-
-
813,952

Members' interests after profit for the year
100,000
813,952
913,952
(70,809)
(70,809)
843,143

Other division of profits
-
(813,952)
(813,952)
813,952
813,952
-

Amounts introduced by members
300,000
-
300,000
-
-
300,000

Drawings
-
-
-
(304,863)
(304,863)
(304,863)

Amounts due to members
438,280
438,280

Balance at 31 March 2024
400,000
-
400,000
438,280
438,280
838,280

Profit for the year available for discretionary division among members
 
-
1,139,452
1,139,452
-
-
1,139,452

Members' interests after profit for the year
400,000
1,139,452
1,539,452
438,280
438,280
1,977,732

Other division of profits
-
(1,139,452)
(1,139,452)
1,139,452
1,139,452
-

Amounts introduced by members
400,000
-
400,000
(400,000)
(400,000)
-

Drawings
 
-
-
-
(823,655)
(823,655)
(823,655)

Amounts due to members
354,077
354,077

Balance at 31 March 2025 
800,000
-
800,000
354,077
354,077
1,154,077

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.

Page 4

 
LION'S HEAD GLOBAL PARTNERS LLP
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
1,139,452
813,952

Adjustments for:

Depreciation of tangible assets
9,148
4,947

Interest received
(2,984)
(607)

Increase in debtors
(46,830)
(964,753)

Increase in creditors
398,091
473,950

Net cash generated from operating activities before transactions with members

1,496,877
327,489


Cash flows from investing activities

Purchase of tangible fixed assets
(7,461)
(17,792)

Interest received
2,984
607

Net cash from investing activities

(4,477)
(17,185)

Cash flows from financing activities

Members' capital contributed
400,000
300,000

Distribution paid to members
(1,223,655)
(304,863)

Net cash used in financing activities
(823,655)
(4,863)

Net increase in cash and cash equivalents
668,745
305,441

Cash and cash equivalents at beginning of year
364,151
58,710

Cash and cash equivalents at the end of year
1,032,896
364,151


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,032,896
364,151

1,032,896
364,151


The notes on pages 6 to 11 form part of these financial statements.

Page 5

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The LLP was formed in the United Kingdom and is registered in England and Wales. The address of the LLP's registered office is 22 Grosvenor Gardens, London, England, SW1W 0DH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The LLP has adequate financial resources and ongoing arrangements for the provision of investment management services. As a consequence, the members believe that the LLP is well placed to manage its business risks successfully. 
The members have indicated their intention to continue in business and have undertaken to provide any funding necessary for the LLP to meet its liabilities as they fall due for the foreseeable future. Therefore the members have continued to adopt the going concern basis in preparing these financial statements. 
Geopolitical events associated with Trump Tariffs, conflict in Eastern Europe as well as the Middle East continue to create an unstable environment, however, the members do not think these events will have a material effect on its financial performance but the members will continue to monitor the situation closely and react accordingly.
Considering the above, the members have reviewed the LLP’s forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements given the likely cash flows from operations 12 months from the date of signing this report.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: 
Turnover, which is stated net of Value Added Tax, arises from management and performance fees. Management fees are recognised on an accruals basis.


Page 6

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 7

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.8

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the LLP's cash management.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised. If the revision affects only that year or in the year of the revision and future years, if the revision affects both current and future years. Following a review of the estimates and underlying assumptions, management maintain that there are no changes to these since the previous reporting period.


4.


Employees

The average monthly number of employees, including directors, during the year was 12 (2024 - 8).

Page 8

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2024
20,839


Additions
7,461



At 31 March 2025

28,300



Depreciation


At 1 April 2024
5,032


Charge for the year
9,148



At 31 March 2025

14,180



Net book value



At 31 March 2025
14,120



At 31 March 2024
15,807

Page 9

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank
1,032,896
364,151

1,032,896
364,151



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
48,999
18,897

Other taxation and social security
90,204
-

Other creditors
5,760
5,723

Accruals and deferred income
805,639
527,891

950,602
552,511



8.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
354,077
438,280

354,077
438,280

Loans and other debts due to members may be further analysed as follows:

2025
2024
£
£



Falling due within one year
354,077
438,280

354,077
438,280

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

Page 10

 
LION'S HEAD GLOBAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Pension commitments

The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £62,400 (2024: £40,463). Contributions totalling £5,760 (2024: £5,723) were payable to the fund at the reporting date.


10.


Commitments under operating leases

At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
86,760
86,760

Later than 1 year and not later than 5 years
209,670
303,660

296,430
390,420


11.


Controlling party

The members consider C Egerton-Warbuton, a designated member, to be the ultimate controlling party.

Page 11