Armada Advisers LLP - LLP accounts 24.3

REGISTERED NUMBER: OC435229 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARMADA ADVISERS LLP

Page

General Information

1

Report of the Members

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

R Downs

Ms E R Downs

E H Downs

REGISTERED OFFICE:

7 Bell Yard

Bell Yard

London

WC2A 2JR

REGISTERED NUMBER:

OC435229 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

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 consultancy services mainly to clients in the restructuring and insolvency sectors.

DESIGNATED MEMBERS

The designated members during the year under review were:

R Downs

Ms E R Downs

E H Downs

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £72,740 (2024 - £120,777 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

R Downs - Designated member

24 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 Armada Advisers LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet 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 Armada Advisers 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 Armada Advisers LLP and state those matters that we have agreed to state to the members of Armada Advisers 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 Armada Advisers LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Armada Advisers 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 profit of Armada Advisers LLP. You consider that Armada Advisers 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 Armada Advisers 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.

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

Date: .............................................

TURNOVER

99,986

131,946

Administrative expenses

27,246

11,169

OPERATING PROFIT and

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

72,740

120,777

FIXED ASSETS

Tangible assets

5

2,282

2,853

CURRENT ASSETS

Debtors

6

4,502

625

Cash at bank

46,101

164,058

50,603

164,683

CREDITORS

Amounts falling due within one year

7

4,095

18,695

NET CURRENT ASSETS

46,508

145,988

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

48,790

148,841

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

48,790

148,841

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

48,790

148,841

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 24 December 2025 and were signed by:

R Downs - Designated member

1.	STATUTORY INFORMATION

Armada Advisers LLP is registered 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.

Turnover

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

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

-

20% reducing balance

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

571

112

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

2,965

DEPRECIATION

At 1 April 2024

112

Charge for year

571

At 31 March 2025

683

NET BOOK VALUE

At 31 March 2025

2,282

At 31 March 2024

2,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

4,502

625

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

3,227

Taxation and social security

1,548

13,284

Other creditors

2,547

2,184

4,095

18,695

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

EQUITY

DEBT

Total

Members' other interests

Loans and other debts due
to members less any
amounts due from
members in debtors

MEMBER'S
INTERESTS

Member's
Capital

Other
reserves

Total

Other
amounts

Total

Total 2025

Members' interests at 01 April
2024

1,000

141,957

142,957

5,883

148,840

Profit for the Period available
for discretionary division
among members

-

72,740

-

72,740

Members' interests after loss
for the Period

1,000

214,697

215,697

5,883

221,580

Introduced by members

5,848

Drawings by members

(178,639)

Members' interests at 31 March
2025

1,000

214,697

215,697

(166,908)

48,789