Centerra Management UK LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC382996

		31 March 2025		31 March 2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	51,017		1,026
Cash at bank and in hand		5,000		4,532

		56,017		5,558
Creditors: Amounts Falling Due Within One Year	5	(13,982 )		(3,089 )

NET CURRENT ASSETS (LIABILITIES)			42,035		2,469

TOTAL ASSETS LESS CURRENT LIABILITIES			42,035		2,469

NET ASSETS ATTRIBUTABLE TO MEMBERS			42,035		2,469

REPRESENTED BY:
Loans and other debts due to members
Other amounts		42,035		2,469

			42,035		2,469

			42,035		2,469

TOTAL MEMBERS' INTEREST
Amounts due from members			-		(285)
Loans and other debts due to members			42,035		2,469

			42,035		2,184

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Centerra Management UK LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Victor Vadaneaux

Designated Member

29/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Centerra Management UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC382996 . The Registered Office is 4th Floor, 64 Barkston Gardens, London, SW5 0EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

4. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	50,552	-
Other debtors	465	1,026

	51,017	1,026

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Centerra Management UK LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	937	1,429
Other creditors	4,648	1,660
Taxation and social security	8,397	-

	13,982	3,089

6. Capital Accounts Schedule

	Mr V A Vadaneaux	Mrs P T Vadaneaux	Totals
	£	£	£
At 31 March 2024	2,469	(285)	2,184
Share of profit	63,633	31,341	94,974
Drawings	(36,932)	(18,191)	(55,123)
At 31 March 2025	29,170	12,865	42,035

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