Oryx Advisors LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC420077

Oryx Advisors LLP

Filleted Unaudited Financial Statements

31 March 2025

Oryx Advisors LLP

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Oryx Advisors LLP

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	187	340

Current assets

Debtors	6	22,273	11,958
Cash at bank and in hand		8,695	8,229
		--------	--------
		30,968	20,187

Creditors: amounts falling due within one year	7	9,994	9,856
		--------	--------
Net current assets		20,974	10,331
		--------	--------
Total assets less current liabilities		21,161	10,671
		--------	--------
Net assets		21,161	10,671
		--------	--------

Represented by:

Loans and other debts due to members

Other amounts	8	21,161	10,671
		--------	--------

Members' other interests

Other reserves	–	–
	--------	--------
	21,161	10,671
	--------	--------

Total members' interests

Loans and other debts due to members	8	21,161	10,671
Members' other interests		–	–
		--------	--------
		21,161	10,671
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Oryx Advisors LLP

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 10 September 2025 , and are signed on their behalf by:

Mr R A Devey

Designated Member

Registered number: OC420077

Oryx Advisors LLP

Notes to the Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4.	Employee numbers

The LLP had no employees during the year (2024: nil).

5.	Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	10,948
	--------
Depreciation
At 1 April 2024	10,608
Charge for the year	153
	--------
At 31 March 2025	10,761
	--------
Carrying amount
At 31 March 2025	187
	--------
At 31 March 2024	340
	--------

6.	Debtors

	2025	2024
	£	£
Trade debtors	10,500	214
Other debtors	11,773	11,744
	--------	--------
	22,273	11,958
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	6,429	6,456
Other creditors	3,565	3,400
	-------	-------
	9,994	9,856
	-------	-------

8.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	21,161	10,671
	--------	--------