REGISTERED NUMBER: OC395128 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PEGASUS PRIVATE CAPITAL LLP

Page

General Information

1

Report of the Members

2

Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

to

6

Reconciliation of Members' Interests

7

to

8

Notes to the Financial Statements

9

to

11

DESIGNATED MEMBERS:

Mr R C R Adams

Mrs N Swarovski-Adams

REGISTERED OFFICE:

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

REGISTERED NUMBER:

OC395128 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of investment management.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr R C R Adams

Mrs N Swarovski-Adams

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £9,982 (2024 - £100,802 loss).

MEMBERS' INTERESTS

All members are equity members and share in the profits / losses and subscribe the entire capital. The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:

Mr R C R Adams - Designated member

18 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs 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 Pegasus Private Capital LLP for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Reconciliation of Members' Interests 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Pegasus Private Capital LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pegasus Private Capital LLP and state those matters that we have agreed to state to the members of Pegasus Private Capital LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pegasus Private Capital LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Pegasus Private Capital 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 loss of Pegasus Private Capital LLP. You consider that Pegasus Private Capital LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pegasus Private Capital 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.

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

18 December 2025

TURNOVER

-

-

Administrative expenses

9,980

114,544

(9,980

)

(114,544

)

Other operating income

-

14,026

OPERATING LOSS

4

(9,980

)

(100,518

)

Interest payable and similar expenses

2

284

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(9,982

)

(100,802

)

FIXED ASSETS

Tangible assets

5

-

1,369

CURRENT ASSETS

Debtors

6

941,454

849,535

Cash at bank

178

80,910

941,632

930,445

CREDITORS

Amounts falling due within one year

7

22,462

15,161

NET CURRENT ASSETS

919,170

915,284

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

919,170

916,653

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

238,658

248,141

MEMBERS' OTHER INTERESTS

Capital accounts

680,512

668,512

919,170

916,653

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

238,658

248,141

Members' other interests

680,512

668,512

Amounts due from members

6

(744,257

)

(711,247

)

174,913

205,406

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 18 December 2025 and were signed by:

Mr R C R Adams - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

£

£

Balance at 1 April 2024

668,512

-

668,512

Loss for the financial year available for discretionary division among members

-

(9,982

)

(9,982

)

Members' interests after loss for the year

668,512

(9,982

)

658,530

Other divisions of loss

-

9,982

9,982

Introduced by members

12,000

-

12,000

Drawings on account and distributions of profit

-

-

-

Balance at 31 March 2025

680,512

-

680,512

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

£

Amount due to members

248,141

Amount due from members

(711,247

)

Balance at 1 April 2024

(463,106

)

205,406

Loss for the financial year available for discretionary division among members

-

(9,982

)

Members' interests after loss for the year

(463,106

)

195,424

Other divisions of loss

(9,982

)

-

Introduced by members

377

12,377

Drawings on account and distributions of profit

(32,888

)

(32,888

)

Amount due to members

238,658

Amount due from members

(744,257

)

Balance at 31 March 2025

(505,599

)

174,913

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

£

£

Balance at 1 April 2023

387,750

-

387,750

Loss for the financial year available for discretionary division among members

-

(100,802

)

(100,802

)

Members' interests after loss for the year

387,750

(100,802

)

286,948

Other divisions of loss

-

100,802

100,802

Introduced by members

280,762

-

280,762

Drawings on account and distributions of profit

-

-

-

Balance at 31 March 2024

668,512

-

668,512

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

£

Amount due to members

344,125

Amount due from members

(682,431

)

Balance at 1 April 2023

(338,306

)

49,444

Loss for the financial year available for discretionary division among members

-

(100,802

)

Members' interests after loss for the year

(338,306

)

(51,358

)

Other divisions of loss

(100,802

)

-

Introduced by members

3,966

284,728

Drawings on account and distributions of profit

(27,964

)

(27,964

)

Amount due to members

248,141

Amount due from members

(711,247

)

Balance at 31 March 2024

(463,106

)

205,406

1.	STATUTORY INFORMATION

Pegasus Private Capital LLP is a limited liability partnership incorporated in England and Wales. The address of the company's registered office is 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The registered number is OC395128.

The principal activity of the company is that of investment management.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

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 presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships (issued January 2017) and the Companies Act 2006, as applied to LLPs. The financial statements have been prepared under the historical cost convention.

The financial statements have not been prepared on a going concern basis and have instead been prepared on the break up basis. The LLP is not considered a going concern as the members intend to dissolve the LLP within the next twelve months.

Tangible fixed assets

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

Computer equipment

-

straight line - 33%

Foreign currencies

Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the statement of financial position 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.

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 the income statement in the period to which they relate.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the statement of financial position. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 2).

4.	OPERATING LOSS

The operating loss is stated after charging:

2025

2024

£

£

Depreciation - owned assets

1,369

1,263

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

3,790

DEPRECIATION

At 1 April 2024

2,421

Charge for year

1,369

At 31 March 2025

3,790

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,369

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

744,257

711,247

Other debtors

197,132

138,228

Prepayments and accrued income

65

60

941,454

849,535

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,142

377

Social security and other taxes

6,463

1,810

Net wages

2,071

5,149

Other creditors

29

262

Accruals and deferred income

5,757

7,563

22,462

15,161

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

238,658

248,141

Falling due within one year

238,658

248,141

In the event of a winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank equally in relation to other creditors who are unsecured.

9.	RELATED PARTY DISCLOSURES

There are no other related party transactions in the period except for those detailed in the Reconciliation of Members' Interests note.