REGISTERED NUMBER: OC447544 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 31 March 2025

for

Shinfalls Commodities LLP

Page

General Information

1

Report of the Members

2

Balance Sheet

3

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

B M L Mason

Shinfalls Services Limited

T J Davenport

REGISTERED OFFICE:

81 Fulham Road

London

SW3 6RD

REGISTERED NUMBER:

OC447544 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

DESIGNATED MEMBERS

The designated members during the year under review were:

B M L Mason

Shinfalls Services Limited

T J Davenport

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The results for the year and allocation to members are shown in the annexed financial statements.

MEMBERS' INTERESTS

Members' drawings are made out of amounts due to members after leaving sufficient funds to meet all reasonably foreseeable liabilities. Loans and other debts due to members are maintained to leave sufficient working capital for the business and ongoing trading requirements.

STATEMENT OF MEMBERS' RESPONSIBILITIES

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

Legislation applicable to limited liability partnerships requires 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 legislation applicable to limited liability partnerships 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 LLP and of the profit or loss of the LLP for that period. 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;

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

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

ON BEHALF OF THE MEMBERS:

T J Davenport - Designated member

24 July 2025

FIXED ASSETS

Tangible assets

4

11,921

14,671

Investments

5

224,817

147,639

236,738

162,310

CURRENT ASSETS

Debtors

6

682,556

649,689

Cash at bank

875,889

381,554

1,558,445

1,031,243

CREDITORS

Amounts falling due within one year

7

479,348

530,021

NET CURRENT ASSETS

1,079,097

501,222

TOTAL ASSETS LESS CURRENT LIABILITIES

1,315,835

663,532

CREDITORS

Amounts falling due after more than one year

8

-

31,541

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,315,835

631,991

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,315,835

631,991

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,315,835

631,991

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 24 July 2025 and were signed by:

T J Davenport - Designated member

1.	STATUTORY INFORMATION

Shinfalls Commodities LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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 financial statements have been prepared for a 12 month period. The comparative period was prepared for a 10 month period being its first accounting period and the comparatives are therefore not entirely comparable.

Turnover

Turnover represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the fair value can otherwise be measured reliably.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

16,849

Additions

630

At 31 March 2025

17,479

DEPRECIATION

At 1 April 2024

2,178

Charge for year

3,380

At 31 March 2025

5,558

NET BOOK VALUE

At 31 March 2025

11,921

At 31 March 2024

14,671

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2024

147,639

-

147,639

Additions

-

77,178

77,178

At 31 March 2025

147,639

77,178

224,817

NET BOOK VALUE

At 31 March 2025

147,639

77,178

224,817

At 31 March 2024

147,639

-

147,639

On 14 February 2024 the LLP subscribed to SGD $250,000 in the share capital of Shinfalls Commodities Asia Pte. Ltd. The LLP owns 100% of the share capital of the company. The comparative amount which was previously amalgamated into an other creditor balance has been restated to correctly show the amount as an investment and group creditor. See note 7.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

585,175

578,625

Other debtors

77,092

32,511

VAT

12,301

17,325

Prepayments and accrued income

7,988

21,228

682,556

649,689

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

176,155

60,322

Amounts owed to group undertakings

133,137

153,786

Social security and other taxes

3,405

-

Other creditors

162,951

306,213

Accrued expenses

3,700

9,700

479,348

530,021

On 14 February 2024 the LLP subscribed to SGD $250,000 in the share capital of Shinfalls Commodities Asia Pte. Ltd. The LLP owns 100% of the share capital of the company. The comparative amount which was previously amalgamated into an other creditor balance has been restated to correctly show the amount as an investment and group creditor. See note 5.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

31,541

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all unsecured creditors in the event of a winding up.

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

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £16,200 (2024 - £Nil) relating to amounts payable under operating leases.