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Registered number: OC312230














RUBY CAPITAL PARTNERS LLP
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
RUBY CAPITAL PARTNERS LLP
 

INFORMATION




Designated Members

S Rubens
Ruby Capital Services Limited

LLP registered number

OC312230

Registered office

2nd Floor Connaught House
1-3 Mount Street
London
W1K 3NB

Independent auditors

Sopher + Co LLP
Chartered Accountants
Statutory Auditors
5 Elstree Gate
Elstree Way
Borehamwood
WD6 1JD


 
RUBY CAPITAL PARTNERS LLP
 

CONTENTS



Page
Members' Report
 
1 - 2
Independent Auditors' Report
 
3 - 6
Statement of Comprehensive Income
 
7
Statement of Financial Position
 
8
Statement of Changes in Equity
 
9
Statement of Cash Flows
 
10
Notes to the Financial Statements
 
11 - 16


 
RUBY CAPITAL PARTNERS LLP
 
  
MEMBERS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The members present their annual report together with the audited financial statements of Ruby Capital Partners LLP (the "LLP") for the year ended 31 March 2025
 

Principal activities
 
 
The LLP was incorporated on 16 March 2005. It was authorised by the Financial Conduct Authority (FCA) to conduct investment business on 8 June 2005. 
 
 
The principal object of the LLP is to provide investment management services and administrative services to a range of funds. The members do not envisage any change in the nature of these activities going forward.
 
 
Designated Members
 
 
S Rubens and Ruby Capital Services Limited were designated members of the LLP throughout the period. Ruby Capital Services Limited is the controlling member. 
 

 
Results and allocation to members
 
 
The results for the year are shown in the Statement of Comprehensive Income on page 7. The LLP allocated £156,174 (2024 - £77,704) of the prior year profits to its members. Any profit/losses are shared amongst the members as decided by the Corporate Member and governed by the partnership agreement dated 14 July 2005, amended and restated on 23 May 2006.
 
 
Financial position
 
 
The LLP's Statement of Financial Position as detailed on page 8 shows a satisfactory position, Total Members' Interest amounting to £143,244 (2024 - £136,277).
 
 
Policy for members' drawings, subscriptions and repayments of members' capital
 
 
Policies for members' drawings, subscriptions and repayment of members' capital are governed by the Partnership Agreement. In summary, the Corporate Member determines the capital contribution to be made by each member which shall be repayable only on winding-up or on the member's withdrawal from the LLP. The Corporate Member has discretion to determine the level of each member's drawings in anticipation of its entitlement to income profits; except that the Corporate Member is entitled to withdraw such amount as it requires to enable it to discharge expenses which have not otherwise been reimbursed.
 
 
Qualifying third party indemnity provisions
 
 
The LLP has granted an indemnity to the members against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of approving the members' report. 
Page 1

 
RUBY CAPITAL PARTNERS LLP
 
 
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
 
 
Members' responsibilities statement
 
 
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
 
 
Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period.

In preparing these financial statements, the members are required to:
 
select suitable accounting policies and then apply them consistently;
 
make judgments and accounting estimates that are reasonable and prudent;
 
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.
 

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008)They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 
Disclosure of information to auditors
 
 
Each of the persons who are members at the time when this Members' Report is approved has confirmed that:

so far as that member is aware, there is no relevant audit information of which the LLP's auditors are unaware, and

that member has taken all the steps that ought to have been taken as a member in order to be aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.
 

Auditors
 
 
The auditorsSopher + Co LLPhave indicated their willingness to continue in office. The Designated members will propose a motion re-appointing the auditors at a meeting of the members.
 

This report was approved by the members on 11 July 2025 and signed on their behalf by:
 
 



S Rubens
Designated member

Page 2

 
RUBY CAPITAL PARTNERS LLP
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUBY CAPITAL PARTNERS LLP
 

Opinion


We have audited the financial statements of Ruby Capital Partners LLP (the 'LLP') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the LLP's affairs as at 31 March 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.


Page 3

 
RUBY CAPITAL PARTNERS LLP
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUBY CAPITAL PARTNERS LLP (CONTINUED)

Other information


The members are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statementsour responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Members' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Members' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the LLP and its environment obtained in the course of the audit, we have not identified material misstatements in the Members' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of members' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Members' Responsibilities Statement set out on page , the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.


Page 4

 
RUBY CAPITAL PARTNERS LLP
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUBY CAPITAL PARTNERS LLP (CONTINUED)

Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: 
 
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; 
we identified the laws and regulations applicable to the Company through discussions with directors and other management, and from our commercial knowledge and experience of similar businesses; 
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the LLP, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, rules and regulations set by the Financial Conduct Authority which are applicable to the LLP;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and 
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: 
 
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; 
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and 
understanding the design of the Company’s remuneration policies. 

To address the risk of fraud through management bias and override of controls, we: 
 
performed analytical procedures to identify any unusual or unexpected relationships; 
tested journal entries to identify unusual transactions; 
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 
investigated the rationale behind significant or unusual transactions. 

 
Page 5

 
RUBY CAPITAL PARTNERS LLP
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUBY CAPITAL PARTNERS LLP (CONTINUED)

Auditors' responsibilities for the audit of the financial statements (continued)
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 
 
agreeing financial statement disclosures to underlying supporting documentation; 
reading the minutes of meetings of those charged with governance
enquiring of management as to actual and potential litigation and claims; and 
reviewing correspondence with the tax authorities, relevant regulators and legal advisors. 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the LLP's member those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Martyn Atkinson FCA (Senior Statutory Auditor)
  
for and on behalf of
Sopher + Co LLP
 
Chartered Accountants
Statutory Auditors
  
5 Elstree Gate
Elstree Way
Borehamwood
WD6 1JD

11 July 2025
Page 6

 
RUBY CAPITAL PARTNERS LLP
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
Note
£
£

  

Turnover
 4 
491,467
474,416

Cost of sales
  
(118,871)
(131,504)

Gross profit
  
 
372,596
 
342,912

Administrative expenses
  
(288,996)
(190,500)

Operating profit
 5 
 
83,600
 
152,412

Interest receivable and similar income
 9 
2,927
3,762

Profit before tax
  
 
86,527
 
156,174

Profit for the year before members' remuneration and profit shares available for discretionary division among members
  
 
86,527
 
156,174

There was no other comprehensive income for 2025(2024:£NIL).

The notes on pages 11 to 16 form part of these financial statements.

Page 7

 
RUBY CAPITAL PARTNERS LLP
REGISTERED NUMBER:OC312230

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 10 
988,246
1,028,147

Cash at bank and in hand
  
70,739
107,244

  
1,058,985
1,135,391

Current liabilities
  

Creditors: amounts falling due within one year
 11 
(35,109)
(41,868)

Net current assets
  
 
 
1,023,876
 
 
1,093,523

  

Net assets
  
1,023,876
1,093,523


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
 16 
937,349
937,349

Other reserves classified as equity

  

86,527
156,174

  
 
1,023,876
 
1,093,523

  
1,023,876
1,093,523


Total members' interests
  

Amounts due from members (included in debtors)
 10 
(880,632)
(957,246)

Members' other interests
 16 
1,023,876
1,093,523

 16 
143,244
136,277


The financial statements were approved and authorised for issue by the members and were signed on their behalf on 11 July 2025.




S Rubens
Designated member

The notes on pages 11 to 16 form part of these financial statements.

Page 8

 
RUBY CAPITAL PARTNERS LLP
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Members capital (classified as equity)
Other reserves
Total equity

£
£
£


At 1 April 2023
793,349
77,704
871,053



Profit for year for discretionary division among members
-
156,174
156,174

Allocated profit
-
(77,704)
(77,704)

Capital introduced by members
144,000
-
144,000



At 1 April 2024
937,349
156,174
1,093,523



Profit for year for discretionary division among members
-
86,527
86,527

Allocated profit
-
(156,174)
(156,174)


At 31 March 2025
937,349
86,527
1,023,876

The notes on pages 11 to 16 form part of these financial statements.

Page 9

 
RUBY CAPITAL 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
86,527
156,174

Adjustments for:

Interest received
(2,927)
(3,762)

(Increase) in debtors
(36,713)
(2,135)

(Decrease)/increase in creditors
(6,759)
30,617

Net cash generated from operating activities before transactions with members

40,128
180,894


Cash flows from investing activities

Interest received
2,927
3,762

Net cash from investing activities

2,927
3,762

Cash flows from financing activities

Members' capital contributed
-
144,000

Amounts introduced by members
14,948
-

Distribution paid to members
(94,508)
(338,511)

Net cash used in financing activities
(79,560)
(194,511)

Net (decrease) in cash and cash equivalents
(36,505)
(9,855)

Cash and cash equivalents at beginning of year
107,244
117,099

Cash and cash equivalents at the end of year
70,739
107,244


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
70,739
107,244

70,739
107,244


The notes on pages 11 to 16 form part of these financial statements.

Page 10

 
RUBY CAPITAL PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Ruby Capital Partners LLP is a limited liability partnership (LLP) incorporated and domiciled in England & Wales, with its registered office address at 2nd Floor Connaught House, 1-3 Mount Street, London W1K 3NB. Its principal place of business is at 3 Barrett Street, St. Christopher's Place, London W1U 1AY.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

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

Turnover

Turnover, which is stated net of any value added tax, represents management fees and performance fees arising from continuing activities in the United Kingdom. Management fees are stated on an accruals basis. Performance fees are accrued when they crystallise.
Consultancy and directorship fees are recognised on the accruals basis. 

  
2.3

Basic financial instruments

The LLP only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are recognised initially at the transaction price less attributable costs. Basic financial liabilities, such as trade creditors and other creditors, are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 11

 
RUBY CAPITAL PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Foreign currency translation

The LLP's functional and presentational currency is £ sterling.
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 the Statement of Comprehensive Income. 

 
2.5

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Taxation

No provision has been made for taxation in the financial statements. Each member is exclusively liable for any tax liabilities arising out of their interest in the LLP. Tax is assessed on the individual members and not on the LLP.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

There are no critical accounting estimates and judgments that materially affect the LLP's accounts.


4.


Turnover

The whole of the turnover is attributable to the principal activity of the LLP carried out in the United Kingdom.


5.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Exchange differences
(251)
143

Page 12

 
RUBY CAPITAL PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Auditors' remuneration

2025
2024
£
£



Fees payable to the LLP's auditors for the audit of the LLP's financial statements
3,250
3,250


7.


Employees




The entity has no employees.


8.


Information in relation to members

2025
2024
Number
Number


The average number of members during the year was
2
2

2025
2024
£
£



The amount of profit attributable to the member with the largest entitlement was
156,174
77,704


The profit for the year ended 31 March 2024 of £156,174 was allocated to members during the year. Therefore the amount disclosed above for the profit attributable to the member with the largest entitlement relates to the year ended 31 March 2024 profit. The profit for the year ended 31 March 2025 has not yet been allocated.


9.


Interest receivable

2025
2024
£
£


Other interest receivable
2,927
3,762

Page 13

 
RUBY CAPITAL PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Debtors

2025
2024
£
£


Trade debtors
30,209
28,158

Other debtors
7,218
5,038

Prepayments and accrued income
70,187
37,705

Amounts due from members
880,632
957,246

988,246
1,028,147



11.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
3,315
14,612

Other creditors
7,742
-

Accruals and deferred income
24,052
27,256

35,109
41,868



12.


Analysis of net debt




At 1 April 2024
Arising from cash flows
At 31 March 2025
£

£

£

Cash at bank and in hand

107,244

(36,505)

70,739

Net debt


107,244
(36,505)
70,739


13.


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
5,244
4,269

Later than 1 year and not later than 5 years
-
3,913

5,244
8,182

Page 14

 
RUBY CAPITAL PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


Related party transactions

During the year the LLP purchased services of £217,334 (2024 - £121,394) from Ruby Capital Services Limited, the immediate parent undertaking.
Key management personnel consists principally of the designated members who have authority and responsibility for planning, directing and controlling the activities of the LLP. The total compensation paid for the benefit of the partner by the LLP for services provided to the LLP was £3,660 (2024 - £2,317).


15.


Parent undertaking and controlling party

The LLP's immediate parent undertaking is Ruby Capital Services Limited. The ultimate parent undertaking is RCP International Management Limited, a company registered in the Cayman Islands. The ultimate controlling party is S Rubens

Page 15

 
RUBY CAPITAL PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

16.


Reconciliation of members' interests 







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 to members 
144,173
144,173


Amounts due from members 

(840,612)
(840,612)


Balance at 1 April 2023 
793,349
77,704
871,053
(696,439)
(696,439)
174,614

Profit for the year available for discretionary division among members
 
-
156,174
156,174
-
-
156,174

Members' interests after profit for the year
793,349
233,878
1,027,227
(696,439)
(696,439)
330,788

Other division of profits
-
(77,704)
(77,704)
77,704
77,704
-

Amounts introduced by members
144,000
-
144,000
-
-
144,000

Drawings
-
-
-
(338,511)
(338,511)
(338,511)

Amounts due from members
 



(957,246)
(957,246)


Balance at 31 March 2024
937,349
156,174
1,093,523
(957,246)
(957,246)
136,277

Profit for the year available for discretionary division among members
 
-
86,527
86,527
-
-
86,527

Members' interests after profit for the year
937,349
242,701
1,180,050
(957,246)
(957,246)
222,804

Other division of profits
-
(156,174)
(156,174)
156,174
156,174
-

Amounts introduced by members
-
-
-
14,948
14,948
14,948

Drawings
-
-
-
(94,508)
(94,508)
(94,508)

Amounts due from members
 



(880,632)
(880,632)


Balance at 31 March 2025 
937,349
86,527
1,023,876
(880,632)
(880,632)
143,244

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.

 
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