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Registered number: OC419571












A&M CAPITAL ADVISORS EUROPE, LLP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 

A&M CAPITAL ADVISORS EUROPE, LLP

INFORMATION



Designated Members
M Kelly
A&M Capital Advisors Europe Holdings Limited
Member

J Ogland

LLP registered number
OC419571

Registered office
6 Grosvenor Street
London
W1K 4PZ

Independent auditor
Blick Rothenberg Audit LLP
16 Great Queen Street
London
WC2B 5AH


 

A&M CAPITAL ADVISORS EUROPE, LLP
  
MEMBERS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The members present their annual report together with the audited financial statements of A&M Capital Advisors Europe, LLP (the "LLP") for the year ended 31 December 2024
 

Principal activities
 
 
The principal activity of the LLP is the provision of investment advisory services. The firm is authorised and regulated by the Financial Conduct Authority ('FCA').
 
 
Designated Members
 
 
M Kelly and A&M Capital Advisors Europe Holdings Limited were designated members of the LLP throughout the period.  
 

Members


J Ogland was a member of the LLP in the period.
 
Members' capital and interests
 
 
Members share profits and losses in accordance with agreed profit sharing agreements.
Members' capital and drawings are determined by the regulatory capital requirements of the FCA and any trading needs of the LLP. Members' capital is not repayable except where allowed under FCA rules.
 
 
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.
 
 
 
Page 1

 

A&M CAPITAL ADVISORS EUROPE, LLP
 
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
 
 
 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 auditor is 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 auditor is aware of that information.
 

Auditor
 
 
The auditorBlick Rothenberg Audit LLPhas indicated its willingness to continue in office. 
 

This report was approved by the members on 17 April 2025 and signed on their behalf by:
 
 


Mark Kelly 
Designated member

Page 2

 

A&M CAPITAL ADVISORS EUROPE, LLP

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A&M CAPITAL ADVISORS EUROPE, LLP
 FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion
We have audited the financial statements of A&M Capital Advisors Europe, LLP (the 'LLP') for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Reconciliation of members' interests, the Statement of cash flows and the notes to the financial statements, 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 December 2024 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, as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Auditor's 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.

Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The members are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Page 3

 

A&M CAPITAL ADVISORS EUROPE, LLP

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A&M CAPITAL ADVISORS EUROPE, LLP (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006, as applied to limited liability partnerships, 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
we have not received all the information and explanations we require for our audit.

Responsibilities of members
As explained more fully in the Members' responsibilities statement set out on page 1, 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.

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 Auditor's 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:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and noncompliance with laws and regulations, our procedures involved the following: enquiring of management concerning the LLP's policies with regards identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the LLP's policies detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the LLP's policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the LLP operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the LLP. The key laws and regulations we considered in this context included the UK Companies Act 2006, as applied to limited liability partnerships, the Financial Services and Markets Act 2000 and applicable tax legislation.
One particular focus area included the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the LLP for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the Financial Conduct Authority ('the FCA'). The LLP was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identified
Page 4

 

A&M CAPITAL ADVISORS EUROPE, LLP

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A&M CAPITAL ADVISORS EUROPE, LLP (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

included the following: reviewing correspondence between the LLP and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipt of client monies; and discussion of regulatory matters with the appointed officers of the LLP.
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 designated members 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 Auditor's 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 2006, as applied by Part 12 of The Limited Liability Partnerships (Accounts and Audit) (Applications of Companies Act 2006) Regulations 2008Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in an Auditor's 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.





Artur Vorobyev (Senior statutory auditor)
for and on behalf of
Blick Rothenberg Audit LLP
Statutory Auditor
16 Great Queen Street
London
WC2B 5AH

17 April 2025
Page 5

 

A&M CAPITAL ADVISORS EUROPE, LLP
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
 3 
10,873,343
10,905,617

Administrative expenses
  
(8,692,957)
(8,642,822)

Operating profit
 4 
 
2,180,386
 
2,262,795

Interest payable and similar expenses
  
-
(4)

Profit before tax
  
 
2,180,386
 
2,262,791

Profit for the year before members' remuneration and profit shares
  
 
2,180,386
 
2,262,791

Profit for the year before members' remuneration and profit shares
  
2,180,386
2,262,791

Members' remuneration charged as an expense
  
(859,200)
(880,800)

Profit for the financial year available for discretionary division among members
  
 
1,321,186
 
1,381,991

  

Total comprehensive income for the year
  
1,321,186
1,381,991

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

The notes on pages 10 to 16 form part of these financial statements.

Page 6


 
REGISTERED NUMBER:OC419571
A&M CAPITAL ADVISORS EUROPE, LLP

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 7 
-
66,203

Current assets
  

Debtors: amounts falling due after more than one year
 8 
299,845
299,845

Debtors: amounts falling due within one year
 8 
2,451,522
90,381

Bank and cash balances
  
921,245
3,057,387

  
3,672,612
3,447,613

Creditors: Amounts Falling Due Within One Year
 9 
(672,612)
(358,653)

Net current assets
  
3,000,000
3,088,960

Total assets less current liabilities
  
3,000,000
3,155,163

  

Net assets attributable to members
  
3,000,000
3,155,163


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
-
155,163

Members' other interests
  

Members' capital classified as equity
  
3,000,000
3,000,000

  
3,000,000
3,155,163


Total members' interests
  

Amounts due from members (included in debtors)
 8 
(101,938)
-

Loans and other debts due to members
 10 
-
155,163

Members' other interests
  
3,000,000
3,000,000

  
2,898,062
3,155,163


The financial statements were approved and authorised for issue by the members and were signed on their behalf on 17 April 2025.




M Kelly
Designated member

The notes on pages 10 to 16 form part of these financial statements.

Page 7

 

A&M CAPITAL ADVISORS EUROPE, LLP

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2024







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 

393,803
393,803


Balance at 1 January 2023 
3,000,000
-
3,000,000
393,803
393,803
3,393,803

Members' remuneration charged as an expense
-
-
-
880,800
880,800
880,800

Profit for the year available for discretionary division among members
 
-
1,381,991
1,381,991
-
-
1,381,991

Members' interests after profit for the year
3,000,000
1,381,991
4,381,991
1,274,603
1,274,603
5,656,594

Other division of profits
-
(1,381,991)
(1,381,991)
1,381,991
1,381,991
-

Drawings
-
-
-
(2,440,311)
(2,440,311)
(2,440,311)

Other movements
 
-
-
-
(61,120)
(61,120)
(61,120)

Amounts due to members
 



155,163
155,163


Balance at 31 December 2023
3,000,000
-
3,000,000
155,163
155,163
3,155,163

Members' remuneration charged as an expense
-
-
-
859,200
859,200
859,200

Profit for the year available for discretionary division among members
 
-
1,321,186
1,321,186
-
-
1,321,186

Members' interests after profit for the year
3,000,000
1,321,186
4,321,186
1,014,363
1,014,363
5,335,549

Other division of profits
-
(1,321,186)
(1,321,186)
1,321,186
1,321,186
-

Drawings
-
-
-
(2,357,907)
(2,357,907)
(2,357,907)

Other movements
 
-
-
-
(79,580)
(79,580)
(79,580)

Amounts due from members
 



(101,938)
(101,938)


Balance at 31 December 2024 
3,000,000
-
3,000,000
(101,938)
(101,938)
2,898,062

The notes on pages 10 to 16 form part of these financial statements.

The ability of the members of the LLP to reduce the amount of members' other interests is restricted by the regulatory requirements of the FCA.

Page 8

 

A&M CAPITAL ADVISORS EUROPE, LLP

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
1,321,186
1,381,991

Adjustments for:

Members' remuneration charged as an expense
859,200
880,800

Depreciation of tangible assets
66,203
390,952

Interest paid
-
4

(Increase)/decrease in debtors
(214,627)
156,353

Decrease in amounts owed by group undertakings
(2,044,576)
1,849,939

Increase in creditors
313,959
104,070

Amount paid on behalf of corporate member
-
(61,120)

Net cash generated from operating activities before transactions with members

301,345
4,702,989



Cash flows from financing activities

Interest paid
-
(4)

Drawings paid to members
(2,437,487)
(2,440,311)

Net cash used in financing activities
(2,437,487)
(2,440,315)

Net (decrease)/increase in cash and cash equivalents
(2,136,142)
2,262,674

Cash and cash equivalents at beginning of year
3,057,387
794,713

Cash and cash equivalents at the end of year
921,245
3,057,387


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
921,245
3,057,387

921,245
3,057,387


The notes on pages 10 to 16 form part of these financial statements.

Page 9

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

A&M Capital Advisors Europe, LLP is a limited liability partnership incorporated in the UK. The LLP's registered address is 6 Grosvenor Street, London, W1K 4PZ.
Information regarding the principal activities conducted by the LLP can be found in the Members' Report.

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".

Management do not consider there to be any significant accounting estimates or any material judgemental areas in applying the accounting policies.

 
2.2

Going concern

The LLP has entered into a sub-advisory agreement with A&M Capital Advisors, LP, pursuant to which funding is provided to ensure the continued operation of the business for the foreseeable future.

 
2.3

Revenue

Turnover comprises revenue recognised by the LLP in respect of services supplied during the period.

 
2.4

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.

 
2.5

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 Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 10

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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:

Fixtures and fittings
-
5 years
Other fixed assets
-
5 years

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.

 
2.7

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pounds sterling.

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.

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 account.

  
2.8

Derivative instruments

The LLP uses forward foreign currency contracts to reduce exposure to foreign exchange rates.
Derivative financial instruments are initially measured at fair value on the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative.

Page 11

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Other financial instruments

The LLP does not trade in financial instruments and all such instruments arise directly from operations.
All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The LLP does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.
The LLP's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings.
Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction they are only derecognised when they are extinguished.
As the LLP only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

 
2.10

Tax provisions

The tax payable on profits is the personal liability of the members.


3.


Turnover

The whole of the turnover is attributable to the principal activity of the LLP.
All turnover arose from activities with the US based group entity.. 


4.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Depreciation of tangible fixed assets
66,203
390,952

Fees paid for audit services
21,750
20,500

Fees paid for non-audit services
5,500
5,250

Exchange differences
(59,249)
(125,013)

Operating lease rentals - land and buildings
835,905
411,076

Fees paid related to audit and non-audit services includes amounts in regard to A&M Capital Advisors Europe Holdings Limited which is paid for by A&M Capital Advisors Europe LLP.

Page 12

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Employees

Staff costs were as follows:


2024
2023
£
£

Wages and salaries
5,237,430
4,705,852

Social security costs
734,666
694,597

Cost of defined contribution scheme
98,640
58,184

6,070,736
5,458,633


The average monthly number of persons employed during the year was as follows:


        2024
        2023
            No.
            No.







Employees
19
19


6.


Information in relation to members

2024
2023
Number
Number

The average number of members during the year was
3
3

 
 
2024
2023
£
£



The amount of profit attributable to the member with the largest entitlement was
1,255,554
1,305,328


Page 13

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Tangible fixed assets





Fixtures and fittings
Other fixed assets
Total

£
£
£



Cost


At 1 January 2024
525,266
1,518,032
2,043,298



At 31 December 2024

525,266
1,518,032
2,043,298



Depreciation


At 1 January 2024
517,106
1,459,989
1,977,095


Charge for the year on owned assets
8,160
58,043
66,203



At 31 December 2024

525,266
1,518,032
2,043,298



Net book value



At 31 December 2024
-
-
-



At 31 December 2023
8,160
58,043
66,203


8.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
299,845
299,845

299,845
299,845


2024
2023
£
£

Due within one year

Trade debtors
37,503
37,503

Amounts owed by group undertakings
2,083,150
38,574

Other debtors
28,064
14,304

Prepayments and accrued income
200,867
-

Amounts due from members
101,938
-

2,451,522
90,381


 

Page 14

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
127,722
127,879

Accruals and deferred income
544,890
230,774

672,612
358,653



10.


Loans and other debts due to members


2024
2023
£
£



Amounts due to members in respect of undrawn allocated profits
-
155,163

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

2024
2023
£
£



Falling due within one year
-
155,163

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

Page 15

 

A&M CAPITAL ADVISORS EUROPE, LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Analysis of net debt




At 1 January 2024
Arising from cash flows
At 31 December 2024
£

£

£

Cash at bank and in hand

3,057,387

(2,136,142)

921,245

Net debt (before members' debt)
3,057,387
(2,136,142)
921,245

Loans and other debts due to members




Other amounts due to members
(155,163)

155,163

-

Net debt


2,902,224
(1,980,979)
921,245


12.


Commitments under operating leases

At 31 December 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
435,000
240,569

Later than 1 year and not later than 5 years
1,841,699
1,996,997

Later than 5 years
-
86,113

2,276,699
2,323,679


13.


Related party transactions

The LLP's entire turnover is derived from the provision of services to A&M Capital Advisors, LP. This entity is the parent of A&M Capital Advisors Europe Holdings Limited, a designated member of the LLP. No expense recharges were noted between the entity's.
During the year transaction to the amount of £10,873,343 (2023: £10,905,617) occurred with the Parent. At the year end an amount of £2,083,150 (2023: £38,574) was owed by the parent.
During the year A&M Capital Advisors Europe LLP paid an amount of £79,580 (2023: £61,120) on behalf  of A&M Capital Advisors Europe Holdings Limited.
 


14.


Controlling party

In the opinion of the designated members there is no controlling party.

Page 16