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Registered number: OC387999
SCHNEIDER PROPRIETARY TRADING LLP
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2025
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SCHNEIDER PROPRIETARY TRADING LLP
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SCHNEIDER PROPRIETARY TRADING LLP
FOR THE YEAR ENDED 31 MARCH 2024
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied 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 Schneider Proprietary Trading LLP for the year ended 31 March 2025 which comprise the Statement of Financial Position 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 at https://www.icaew.com /regulation.
This report is made solely to the members in accordance with the terms of our engagement letter dated 29 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Schneider Proprietary Trading LLP and state those matters that we have agreed to state to the Schneider Proprietary Trading LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Schneider Proprietary Trading LLP and its members for our work or for this report.
It is your duty to ensure that Schneider Proprietary Trading 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 result of Schneider Proprietary Trading LLP. You consider that Schneider Proprietary Trading LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Schneider Proprietary Trading 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.
Berg Kaprow Lewis LLP
Accountants
London
17 November 2025
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SCHNEIDER PROPRIETARY TRADING LLP
REGISTERED NUMBER: OC387999
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Members' capital classified as a liability
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Amounts due from members (included in debtors)
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Loans and other debts due to members
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SCHNEIDER PROPRIETARY TRADING LLP
REGISTERED NUMBER: OC387999
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity 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.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
Schneider Holdings London Limited
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The notes on pages 5 to 9 form part of these financial statements.
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SCHNEIDER PROPRIETARY TRADING LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025
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DEBT
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as debt)
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Members' remuneration charged as an expense
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Members' interests after profit for the year
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Amounts introduced by members
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Members' remuneration charged as an expense
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Members' interests after profit for the year
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Amounts introduced by members
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There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
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SCHNEIDER PROPRIETARY TRADING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The principal activity of Schneider Proprietary Trading LLP ("the LLP") was that of financial trading.
The LLP is incorporated and domiciled in England and Wales.
The address of the Registered Office is 1 Bedford Row, London, WC1R 4BU.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland ("FRS 102")' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis, which assumes that the LLP will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.
The LLP made a loss for the year of £5,090 and had net assets of £200,000. The LLP is fully supported by its designated members who have indicated their willingness to continue supporting the LLP.
For this reason, the members consider the LLP to be a going concern and have therefore prepared these accounts on this basis.
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Foreign currency translation
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Functional and presentation currency
The LLP's functional and presentational currency is 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 and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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SCHNEIDER PROPRIETARY TRADING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Turnover comprises realised and unrealised profits and losses from dealings in equity derivative products and are recognised on a trade date basis. In accordance with accepted practice, the profits and losses from dealings in derivate products include unrealised profits and losses at the period end, as open positions are included at market value. The members consider this to be necessary to show a true and fair view, since the marketability of the instruments requires decisions to be made continualy about whether to hold or sell them, and hence the economic measure of profit in any period is made by reference to market values.
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Joint arrangements that are not entities ("JANE")
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A JANE is a contractual arrangement with other participants to engage in joint activities where no separate entity is created. Such arrangements are accounted for in the financial statements by including only the LLP's share of assets and liabilities in accordance with the terms of the arrangement.
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The entity has no employees.
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The average monthly number of employees during the year was 0 (2024 - 0).
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Information in relation to members
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Paid under the terms of the LLP agreement
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SCHNEIDER PROPRIETARY TRADING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Cash and cash equivalents
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Included within cash and cash equivalents is £10,500 (2024: £114,187) held with the clearers through whom the LLP trades.
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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SCHNEIDER PROPRIETARY TRADING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Loans and other debts due to members
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Members' capital treated as debt
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
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Related party transactions
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Due to their voting rights, both of the designated members are considered to be key management responsible for planning, directing and controlling the activities of the LLP.
Details of the transactions with these members during the year, and balances at the year end can be found in the reconciliation of members' interests on page 7.
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The immediate parent undertaking is Schneider Investment Associates LLP, an entity incorporated and registered in England and Wales.
The ultimate parent undertaking is Schneider Holdings London Limited, a company incorporated and registered in England and Wales.
Schneider Holdings London Limited prepare consolidated accounts which are avaliable at its Registered Office at 1 Bedford Row, London, WC1R 4BU.
The controlling party is S D W Schneider by virtue of his majority shareholding in that company.
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SCHNEIDER PROPRIETARY TRADING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Schneider Proprietary Trading LLP trades exchange traded derivatives in international financial markets and, in addition to operational risk, is exposed to a variety of financial risks including liquidity, interest rate, currency and credit risk. The LLP’s financial risk methods focus on controlling the risk using various complex models and systems, within set parameters to maximise profit. The LLP’s clearing member on each exchange also provides a second layer of risk assessment on a real-time basis.
(i) Liquidity risk
The LLP seeks to ensure that it has access to adequate levels of funding to enable it to fund its ongoing trading on cost effective and attractive terms. This is achieved by monitoring and managing its overall margin exposure.
(ii) Interest rate risk
The LLP has an exposure to interest rate risk as it is trading in interest rate options. This risk is controlled through the LLP’s trading strategies and models.
(iii) Currency risk
The LLP publishes its accounts in Sterling but conducts its business in a number of foreign currencies principally the Euro and the US Dollar. Consequently the LLP is exposed to foreign exchange risk due to exchange rate movements. This risk is controlled by regular monitoring of foreign currency balances and by regular translations of foreign currencies into sterling where this is deemed desirable. Any gain or loss on exchange translations is recognised in the Statement of Comprehensive Income as part of trading profits.
(iv) Credit Risk
The LLP is exposed to credit risk in the non performance by financial institutions holding the LLP’s liquid funds. The LLP’s policy on liquid funds is to ensure that these are only held by fully approved and regulated institutions of high standing
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