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REGISTERED NUMBER: OC445765 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Merivel Capital Partners LLP

Merivel Capital Partners LLP (Registered number: OC445765)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Merivel Capital Partners LLP (Registered number: OC445765)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 412 741

CURRENT ASSETS
Debtors 5 33,781 26,012
Cash at bank 143,656 24,943
177,437 50,955
CREDITORS
Amounts falling due within one year 6 (2,651 ) 11,208
NET CURRENT ASSETS 180,088 39,747
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

180,500

40,488

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

160,500

20,488

MEMBERS' OTHER INTERESTS
Merivel Limited capital
account 10,000 10,000
Rally Capital capital account 10,000 10,000
180,500 40,488

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 160,500 20,488
Members' other interests 20,000 20,000
Amounts due from members 5 (32,975 ) (1,012 )
147,525 39,476

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Merivel Capital Partners LLP (Registered number: OC445765)

Balance Sheet - continued
31 March 2025


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 25 July 2025 and were signed by:




Merivel Limited - Designated member




Rally Capital Limited - Designated member


Merivel Capital Partners LLP (Registered number: OC445765)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Merivel Capital Partners LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC445765

Registered office: Lake House
Market Hill
Royston
SG8 9JN

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Financial instruments are recognised in the LLP's statement of financial position when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Merivel Capital Partners LLP (Registered number: OC445765)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024
and 31 March 2025 989
DEPRECIATION
At 1 April 2024 248
Charge for year 329
At 31 March 2025 577
NET BOOK VALUE
At 31 March 2025 412
At 31 March 2024 741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 25,000
Amounts due from members 32,975 1,012
Other debtors 270 -
Prepayments and accrued income 536 -
33,781 26,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 158 372
Social security and other taxes (2,081 ) 5,933
Other creditors (3,578 ) 2,403
Accrued expenses 2,850 2,500
(2,651 ) 11,208

Merivel Capital Partners LLP (Registered number: OC445765)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.25 31.3.24
£    £   
Amounts owed to members in respect of profits 160,500 20,488

Falling due within one year 160,500 20,488

Loans and other debts due to members rank below all other creditors.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.