REGISTERED NUMBER: OC431370 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Nevess Strategic LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DESIGNATED MEMBERS:

M Funsch

J L Funsch

REGISTERED OFFICE:

1-2 Charterhouse Mews

London

EC1M 6BB

REGISTERED NUMBER:

OC431370 (England and Wales)

ACCOUNTANTS:

ansteybond

1-2 Charterhouse Mews

London

EC1M 6BB

CURRENT ASSETS

Debtors

68,487

58,394

Cash at bank

-

12,883

68,487

71,277

CREDITORS

Amounts falling due within one year

4

-

(2,400

)

NET CURRENT ASSETS

68,487

68,877

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

68,487

68,877

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

68,487

68,877

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

68,487

68,877

Amounts due from members

(68,487

)

(58,394

)

-

10,483

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 December 2024.

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.

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 18 September 2025 and were signed by:

M Funsch - Designated member

1.	STATUTORY INFORMATION

Nevess Strategic 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

The directors have prepared these financial statements on a break-up basis, which reflects the amounts that are expected to be realised from the disposal of the company's assets and liabilities.

Presentational Currency

The financial statements are prepared in sterling, which is the functional currency of the partnership. Monetary amounts in the financial statements are rounded to the nearest £.

Turnover

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

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Trade and other receivables

Trade and other receivables are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other payables

Trade and other payables are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and Call deposits.

Allocation of profits and drawings

Discretionary amounts due to members in respect of their participation of rights in the profits of the LLP for the financial year are classed as equity until allocation is approved by the members. The allocation to the members of residual profits for a financial year occurs at the Balance Sheet date. A member's share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profit and losses are included within 'Other reserves'.

Drawings are included as a reduction in the balance due to members.

Taxation

Members are personally liable for taxation on their share of their profits. Consequently no reserve for taxation is made in these accounts.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

-

2,400

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members are unsecured and no specific protections is afforded to creditors in the event of winding up.

6.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Nevess Strategic LLP for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Nevess Strategic LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nevess Strategic LLP and state those matters that we have agreed to state to the members of Nevess Strategic LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nevess Strategic LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Nevess Strategic LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nevess Strategic LLP. You consider that Nevess Strategic LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nevess Strategic LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ansteybond

1-2 Charterhouse Mews

London

EC1M 6BB

18 September 2025