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REGISTERED NUMBER: OC320407 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CIBUS CAPITAL LLP

CIBUS CAPITAL LLP (REGISTERED NUMBER: OC320407)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CIBUS CAPITAL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: J Alun-Jones
R C Appleby





REGISTERED OFFICE: 4 Sloane Terrace
London
SW1X 9DQ





REGISTERED NUMBER: OC320407 (England and Wales)





INDEPENDENT AUDITORS: Lewis Brownlee (Chichester) Limited
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

CIBUS CAPITAL LLP (REGISTERED NUMBER: OC320407)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 40,147 45,189

CURRENT ASSETS
Debtors 5 808,602 1,183,998
Cash at bank 1,726,444 1,450,908
2,535,046 2,634,906
CREDITORS
Amounts falling due within one year 6 2,097,223 1,565,916
NET CURRENT ASSETS 437,823 1,068,990
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 477,970 1,114,179

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

125,000

125,001

MEMBERS' OTHER INTERESTS
Other reserves 352,970 989,178
477,970 1,114,179

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 125,000 125,001
Members' other interests 352,970 989,178
Amounts due from members 5 (403 ) (1 )
477,567 1,114,178

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 July 2025 and were signed by:





J Alun-Jones - Designated member

CIBUS CAPITAL LLP (REGISTERED NUMBER: OC320407)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Cibus Capital LLP is a limited liability partnership incorporated and domiciled in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern
The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue comprises of advisory fees and reimbursed fund expenditure and is recognised on an accruals basis to the extent that it is probable that future economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are recorded at historical cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - in accordance with the property lease
Office equipment - 3 years
Fixtures and fittings - 25% on cost
Computer equipment - 3 years

Residual values, useful lives and depreciation method are reviewed, and adjusted if appropriate, at each year end.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within administrative expenses in the income statement.

Financial instruments
Financial assets
The LLP's financial assets comprise basic financial assets, being trade and other receivables and cash at bank.

Cash is represented by cash on deposit with financial institutions repayable without penalty on notice of not more than 24 hours.

Trade and other receivables are measured initially at transaction price and thereafter at the undiscounted amount expected to be received which includes any impairment.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expire or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Impairment
An impairment loss is measured as the difference between an asset's carrying amount and best estimate of the amount that the LLP would receive for the asset if it were to be sold at the reporting date.

CIBUS CAPITAL LLP (REGISTERED NUMBER: OC320407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Financial liabilities
The LLP's financial liabilities comprise basic financial liabilities, being trade and other payables. These are initially recognised at transaction price and thereafter at the undiscounted amount expected to be paid.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting
Financial assets and liabilities are offset and the net amount reported in the statement of financial position 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.

Foreign currencies
Functional and presentation currency
The LLP's functional and presentational currency is Pound Sterling (£), which is rounding to the nearest Pound (£).

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of the transaction.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical costs 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 is determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement within administrative expenses.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation
No provision has been made for current or deferred taxation in the financial statements of the LLP. Each Member is exclusively liable for any tax liabilities arising out of their interest in the LLP which will be assessed on the individual Members and not the LLP.

Prior period adjustment
The financial statements have been restated to recognise the gross amount of reimbursed fund expenditure within revenue in the period to 31 March 2024 of £668,625 that was previously netted off within administrative expenses. The restatement has resulted in £nil impact on profit for the prior period.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2024 - 20 ) .

CIBUS CAPITAL LLP (REGISTERED NUMBER: OC320407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Office and Computer
equipment fittings equipment Totals
£ £ £ £
COST
At 1 April 2024 13,169 28,775 51,817 93,761
Additions 341 - 20,270 20,611
At 31 March 2025 13,510 28,775 72,087 114,372
DEPRECIATION
At 1 April 2024 9,844 11,131 27,597 48,572
Charge for year 2,424 5,923 17,306 25,653
At 31 March 2025 12,268 17,054 44,903 74,225
NET BOOK VALUE
At 31 March 2025 1,242 11,721 27,184 40,147
At 31 March 2024 3,325 17,644 24,220 45,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Amounts due from members 403 1
Other debtors 165,096 146,684
VAT 52,675 50,437
Prepayments and accrued income 590,428 986,876
808,602 1,183,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 175,931 213,438
Social security and other taxes 59,075 86,906
Pensions payable 3,542 3,575
Other creditors 17,975 14,969
Accruals and deferred income 1,840,700 1,247,028
2,097,223 1,565,916

7. LEASING AGREEMENTS

At 31 March 2025, the LLP had total commitments under non-cancellable operating leases over the remaining life of those leases of £266,496 (2024: £266,496).

CIBUS CAPITAL LLP (REGISTERED NUMBER: OC320407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Other creditors 17,973 14,601

Included within other creditors is £17,973 (2024: £14,601). There is a fixed and floating charge over the assets of the LLP as a result of banking arrangements with HSBC. A member has also provided a personal guarantee as security.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£ £
Amounts owed to members in respect of profits - 1
Capital account 125,000 125,000
125,000 125,001

Falling due within one year 125,000 125,001

Debts due to ordinary creditors rank in preference to loans and other debts due to Members in the event of a winding up. All amounts due to Members are interest free and repayable on demand.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCC (Senior Statutory Auditor)
for and on behalf of Lewis Brownlee (Chichester) Limited

11. PENSION COMMITMENTS

The LLP operates a defined contribution pension scheme. At the balance sheet date the LLP had unpaid contributions of £3,542 (2024: £3,575).