Quercus Corporate Finance LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC387744

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,563		3,100

			3,563		3,100
CURRENT ASSETS
Debtors	5	135,333		170,515
Cash at bank and in hand		825,619		549,122

		960,952		719,637
Creditors: Amounts Falling Due Within One Year	6	(338,006 )		(278,328 )

NET CURRENT ASSETS (LIABILITIES)			622,946		441,309

TOTAL ASSETS LESS CURRENT LIABILITIES			626,509		444,409

NET ASSETS ATTRIBUTABLE TO MEMBERS			626,509		444,409

REPRESENTED BY:
Equity
Members' other interests
Members' capital		30,000		30,000
Loans and other debts due to members		596,509		414,409

			626,509		444,409

TOTAL MEMBERS' INTEREST
Members' other interests			626,509		444,409

			626,509		444,409

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Quercus Corporate Finance LLP

Balance Sheet (continued)

As At 31 March 2025

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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

A J Hall Designated Member	N C Standen Designated Member
01/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Quercus Corporate Finance LLP is a limited liability partnership, incorporated in England & Wales, registered number OC387744 . The Registered Office is C/O Goringe Accountants Ltd, Wateside, 1650 Arlington Business Park, Theale, Reading, RG7 4SA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the Balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is normally recognised only when the event occurs. In such cases, costs incurred up to the Balance sheet date are carried forward as work in progress.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

Straight line over 3 years

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4 (2024: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	5,999
Additions	2,390

As at 31 March 2025	8,389

Depreciation
As at 1 April 2024	2,899
Provided during the period	1,927

As at 31 March 2025	4,826

Net Book Value
As at 31 March 2025	3,563

As at 1 April 2024	3,100

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Quercus Corporate Finance LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,645	76,674
Other debtors	40,688	93,841

	135,333	170,515

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	18,155	36,583
Other creditors	133,987	214,533
Taxation and social security	185,864	27,212

	338,006	278,328

7. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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