Saras Capital LLP - Period Ending 2025-03-31

Registration number: OC431971

Saras Capital LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

Saras Capital LLP

Limited liability partnership information

Designated members

Saras Capital Founder Limited

Mstead Limited

Nadav Rosenberg

Registered office

27 New Dover Road
Canterbury
Kent
CT1 3DN

Accountants

EVMS Partners LLP
Chartered Accountants
45 Ludgate Hill
London
EC4M 7JU

Saras Capital LLP

Members' Report for the Year Ended 31 March 2025

The members present their report and the unaudited financial statements for the year ended 31 March 2025.

Principal activity

The principal activity of the limited liability partnership is the provision of investment advisory services.

Designated members

The members who held office during the year were as follows:

Saras Capital Founder Limited

Mstead Limited

Nadav Rosenberg

Members' drawings and the subscription and repayment of members' capital

Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.

Details of changes in members' capital in the year ended 31 March 2025 are set out in the Reconciliation of Members' Interests.

Members are remunerated from the profits of the LLP and are required to make their own provision for pension and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

Approved by the Members on 9 December 2025 and signed on their behalf by:

.........................................
Nadav Rosenberg
Designated member

Saras Capital LLP

Statement of Members' Responsibilities for the Year Ended 31 March 2025

The members are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008 require the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law as applied to LLPs the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that year. In preparing these financial statements, the members are required to:

•	select suitable accounting policies and then apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Partnership will continue in business.

The members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, and in accordance with the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Saras Capital LLP

Profit and Loss Account for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Turnover		319,322	194,599
Administrative expenses		(146,777)	(115,395)
Operating profit		172,545	79,204
Profit for the year before members' remuneration and profit shares		172,545	79,204
Members' remuneration charged as an expense		(172,545)	(79,204)
Profit/(loss) for the year available for discretionary division among members		-	-

The limited liability partnership has no recognised gains or losses for the year other than the results above.

Saras Capital LLP

(Registration number: OC431971)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investments	3	1	1
Current assets
Debtors	4	5,918	19,805
Cash and short-term deposits		117,383	63,344
		123,301	83,149
Creditors: Amounts falling due within one year	5	(6,301)	(18,694)
Net current assets		117,000	64,455
Net assets attributable to members		117,001	64,456
Represented by:
Loans and other debts due to members
Members’ other interest		67,001	14,456
Members’ other interests
Members' capital classified as equity		50,000	50,000
		117,001	64,456
Total members' interests
Loans and other debts due to members		67,001	14,456
Equity		50,000	50,000
		117,001	64,456

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Saras Capital LLP

(Registration number: OC431971)
Balance Sheet as at 31 March 2025

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements were approved and authorised for issue by the Members and were signed on their behalf on 9 December 2025.

Nadav Rosenberg
Designated member

Saras Capital LLP

Statement of Changes in Members’ Interests
At 31 March 2025

	Equity		Loans and other debts due to/(from) members
	Members' capital £	Total equity £	Members' other amounts £	Total debt £	Total 2025 £
Amounts due to members	-	-	14,456	14,456	14,456
Members' interest at 1 April 2024	50,000	50,000	14,456	14,456	64,456
Members' remuneration charged as an expense	-	-	172,545	172,545	172,545
Members' interests after total comprehensive income	50,000	50,000	187,001	187,001	237,001
Drawings (including tax payments)	-	-	(120,000)	(120,000)	(120,000)
At 31 March 2025	50,000	50,000	67,001	67,001	117,001

The notes on pages 10 to 13 form an integral part of these financial statements.

Page 8

Saras Capital LLP

Statement of Changes in Members’ Interests
At 31 March 2025

	Equity		Loans and other debts due to/(from) members
	Members' capital £	Total equity £	Members' other amounts £	Total debt £	Total 2024 £
Amounts due to members	-	-	5,252	5,252	5,252
Members' interest at 1 April 2023	50,000	50,000	5,252	5,252	55,252
Members' remuneration charged as an expense	-	-	79,204	79,204	79,204
Members' interests after total comprehensive income	50,000	50,000	84,456	84,456	134,456
Other amounts introduced by members	-	-	50,000	50,000	50,000
Drawings (including tax payments)	-	-	(120,000)	(120,000)	(120,000)
Amounts due to members	-	-	14,456	14,456	14,456
At 31 March 2024	50,000	50,000	14,456	14,456	64,456

The notes on pages 10 to 13 form an integral part of these financial statements.

Page 9

Saras Capital LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

General information and basis of accounting

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice “Accounting by Limited Liability Partnerships”.

The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. Management do not consider there are any key accounting estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.

Management are also required to exercise judgement in applying the entity’s accounting policies. Due to the straight forward nature of the business management consider that no critical judgements have been made in applying the entity’s accounting policies.

The LLP is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the LLP as an individual undertaking and not about its group.

Going concern

The LLP has net assets, net current assets and reports a profit for the period ended 31 March 2025. The members have a reasonable expectation that the LLP has adequate resources to continue in operation for the forseeable future, and accordingly, the members adopt the going concern basis in preparing the annual report and financial statements.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Revenue recognition

Turnover comprises revenue recognised by the LLP in respect of services supplied during the year, exclusive of value added tax.

Financial instruments

The LLP does not trade in financial instruments and all such instruments arise directly from operations. All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objecting evidence based on observable data that the balance may be impaired. The LLP does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment. The LLP’s cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings. Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the LLP only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

Saras Capital LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 3 (2024 - 3).

Saras Capital LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

3	Investments held as fixed assets

	2025 £	2024 £
Other investments	1	1

Fixed asset investments represents the LLP’s investment in Nadav Rosenberg GP Limited, a company incorporated on 8 June 2020 and registered in the UK. This investment represents 100% of the share capital of Nadav Rosenberg GP Limited. The principal activity of Nadav Rosenberg GP Limited is to act as General Partner of a fund. The aggregate capital and reserves at 31 March 2025 was £1. The profit for the period ended 31 March 2025 was £nil.

The LLP also owns 50% of Nadav Rosenberg Founder GP LLP and 50% of Saras Capital Second GP LLP. Both LPs were incorporated on 9 June 2020 in the UK. Nadav Rosenberg Founder GP LLP is registered in Scotland, and Saras Capital Second GP LLP is registered in England and Wales. Both LLPs were dormant in the period 31 March 2025. The principal activity of Nadav Rosenberg Founder GP LLP is to act as General Partner to Nadav Rosenberg Founder LP. The principal activity of Saras Capital Second GP LLP is to act as a second General Partner to Nadav Rosenberg I LP and Saras Capital II LP.

Debtors

	2025 £	2024 £
Amounts owed by group undertakings	2,924	16,788
Prepayments and accrued income	2,994	3,017
Total current trade and other debtors	5,918	19,805

5	Creditors: Amounts falling due within one year

	2025 £	2024 £
Trade creditors	-	4,786
Amounts owed to group undertakings	1	1
Other creditors	-	6,029
Accruals and deferred income	6,300	4,500
Taxation and social security	-	3,378
	6,301	18,694

6	Related party transactions

Included within turnover is £319,322 (2024: £194,599) received from entities under common control. The amount due from these entities at the period end was £2,924 (2024: £16,788).

Saras Capital LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is Nadav Rosenberg.