REGISTERED NUMBER: OC341157 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

RCAPITAL PARTNERS LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Constable

P R Emmerson

C Campbell

A C A Reek

REGISTERED OFFICE:

4th Floor

24 Old Bond Street

Mayfair

London

W1S 4AW

REGISTERED NUMBER:

OC341157 (England and Wales)

AUDITORS:

Pembroke Briggs Chartered Accountants

Beacon House

South Road

Weybridge

Surrey

KT13 9DZ

FIXED ASSETS

Tangible assets

4

357,105

420,257

Investments

5

-

3,051,000

357,105

3,471,257

CURRENT ASSETS

Debtors

6

664,307

7,429,939

Cash at bank

1,116,749

495,749

1,781,056

7,925,688

CREDITORS

Amounts falling due within one year

494,480

442,648

NET CURRENT ASSETS

1,286,576

7,483,040

TOTAL ASSETS LESS CURRENT LIABILITIES

1,643,681

10,954,297

CREDITORS

Amounts falling due after more than one year

-

6,560,178

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,643,681

4,394,119

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,643,681

4,394,119

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,643,681

4,394,119

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 23 July 2025 and were signed by:

P R Emmerson - Designated member

1.	STATUTORY INFORMATION

RCapital Partners LLP ('the LLP') is principally engaged in advising funds. The LLP is authorised and regulated by the Financial Conduct Authority (FCA). The LLP is a limited liability partnership incorporated 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the LLP is £ Sterling.

The following principal accounting policies have been consistently applied:

Turnover and revenue recognition

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recording of financial assets and liabilities.

(i) Financial assets

Basic financial assets, including trade debtors and other debtors, are initially recognised at initial transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

The impairment loss is recognised in the Income Statement.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

599,610

Additions

2,715

At 31 March 2025

602,325

DEPRECIATION

At 1 April 2024

179,353

Charge for year

65,867

At 31 March 2025

245,220

NET BOOK VALUE

At 31 March 2025

357,105

At 31 March 2024

420,257

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

3,051,000

Disposals

(3,051,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

3,051,000

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

-

6,560,178

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are treated as payable after all amounts due to other creditors have been satisfied.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Briggs (Senior Statutory Auditor)

for and on behalf of Pembroke Briggs Chartered Accountants

9.	STATEMENT OF CHANGES IN EQUITY

RCapital Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting By Limited Partnerships" , has not presented a statement of changes in equity.