REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD ENDED 31 MARCH 2025 |
FOR |
| MOORGATE FINANCE MANAGEMENT LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD ENDED 31 MARCH 2025 |
FOR |
| MOORGATE FINANCE MANAGEMENT LLP |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD ENDED 31 MARCH 2025 |
Page |
General Information | 1 |
Report of the Members | 2 |
Profit and loss account | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 7 |
MOORGATE FINANCE MANAGEMENT LLP |
GENERAL INFORMATION |
FOR THE PERIOD ENDED 31 MARCH 2025 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 Jesus Lane |
Cambridge |
Cambridgeshire |
CB5 8BA |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
REPORT OF THE MEMBERS |
FOR THE PERIOD ENDED 31 MARCH 2025 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2025. |
INCORPORATION |
The LLP was incorporated on 27 October 2023 and commenced trading on the same date. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
T A Roberts |
A Drawwater |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £134,493. |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
A Drawwater - Designated member |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
PROFIT AND LOSS ACCOUNT |
FOR THE PERIOD ENDED 31 MARCH 2025 |
Notes | £ |
TURNOVER |
Cost of sales | ( | ) |
GROSS PROFIT |
Distribution costs | ( | ) |
Administrative expenses | ( | ) |
145,018 |
Interest receivable and similar income |
145,037 |
Gain/loss on revaluation on assets (2,980) |
Interest payable and similar expenses | ( | ) |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES 4 | 134,493 |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
BALANCE SHEET |
31 MARCH 2025 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash and cash equivalents |
CREDITORS |
Amounts falling due within one year | 7 | ( | ) |
NET CURRENT LIABILITIES | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( | ) |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 5,092 |
LOANS AND OTHER DEBTS DUE TO MEMBERS | 5,092 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5,092 |
| 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. |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
BALANCE SHEET - continued |
31 MARCH 2025 |
The financial statements were approved by the members of the LLP and authorised for issue on |
T A Roberts - Designated member E Green- Designated member |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE PERIOD ENDED 31 MARCH 2025 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | - |
Amount due from members | - |
Balance at 27 October 2023 | - | - |
Profit for the financial year available for discretionary division among members | 134,493 | - | 134,493 |
Members' interests after profit for the year | 134,493 | - | 134,493 |
Other divisions of profit | (134,493 | ) | 134,493 | - |
Introduced by members | - | 5,712 | 5,712 |
Amount due to members | 5,092 |
Amount due from members | - |
Balance at 31 March 2025 | - | 140,205 | 140,205 |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD ENDED 31 MARCH 2025 |
1. | STATUTORY INFORMATION |
Moorgate Finance Management LLP is registered 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 |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL. |
4. | PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
The profit for the financial year before members' remuneration and profit shares is stated after charging: |
£ |
Depreciation - owned assets |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD ENDED 31 MARCH 2025 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2024 |
Additions |
At 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2024 |
Additions |
At 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
MOORGATE FINANCE MANAGEMENT LLP (REGISTERED NUMBER: OC449688) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD ENDED 31 MARCH 2025 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Hire purchase contracts |
Trade creditors |
Amounts owed to associates | 115,973 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Hire purchase contracts |
9. | RELATED PARTY DISCLOSURES |
During the period, the LLP charged £95,391 to a company under common control in respect of services provided. At the balance sheet date, a total of £130,300 was owed by the LLP to companies under common control. These balances are unsecured, interest-free, repayable on demand, and are included within creditors due within one year. |
Included within creditors falling due within one year is an amount of £52,609 relating to credit notes issued after the year end by the LLP. |
In addition, expenses totalling £12,000 were recharged to a company under common control during the period. At the balance sheet date, the net amount owed by the LLP to companies under common control was £170,909. |
While these balances are contractually repayable on demand, there is no intention for them to be recalled in the short term, as the wider group has confirmed its ongoing financial support to the LLP. |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |