Registered No. OC388955 (England and Wales)
Sapeno Partners LLP
Unaudited financial statements
for the year ended 31 March 2026
Sapeno Partners LLP
LLP Information
for the year ended 31 March 2026
Designated members
Mr Richard Malpas
Registered Number
OC388955 (England and Wales)
Registered Office
6 Derby Street
London
W1J 7AD
Sapeno Partners LLP
Statement of financial position
as at 31 March 2026
Tangible assets
1,805
1,047
Cash at bank and in hand
12,532
18,867
Creditors: amounts falling due within one year
(29,358)
(23,432)
Net current assets
159,794
118,357
Net assets attributable to members
161,599
119,404
Loans and other debts due to members
81,599
54,404
Members' capital classified as equity
80,000
65,000
Loans and other debts due to members
81,599
54,404
Members' other interests
80,000
65,000
For the year ending 31 March 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 8 June 2026.
Mr Richard Malpas
Designated member
Limited Liability Partnership Registration No. OC388955
Sapeno Partners LLP
Notes to the Accounts
for the year ended 31 March 2026
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
These financial statements have been prepared on a going concern basis.
In accordance with relevant accounting standards members' capital interests are treated as equity since the members are only entitled to repayment with the consent of the LLP.
Members' current accounts are treated as debts.
Fees relate to financial services provided to clients. Fees relating to fees earned by clients are recognised as the client earns those fees whilst retainers and advisory fees are recognised in the period they relate to.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The accounts are presented in £ sterling.
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Investments in shares are included at fair value.
The capital contributions of members are classified as equity under relevant accounting standards since they are only repayable with the consent of the LLP.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Sapeno Partners LLP
Notes to the Accounts
for the year ended 31 March 2026
Sapeno Partners LLP is a limited liability partnership, incorporated in England and Wales, registration number OC388955. Its registered office is 6 Derby Street, London, W1J 7AD.
3
Tangible fixed assets
Computer equipment
4
Investments held as current assets
2026
2025
Listed investments
89,787
47,097
Current assets investments are held at fair value. They are expected to be converted to cash within one year or less. Current assets investments were revalued at balance sheet date resulting in recognition of a loss of £18,405 (2025 - £39,747) in the income statement. Gain on sale of current assets investments during the period was £26,240 (2025 - £4,398).
5
Creditors: amounts falling due within one year
2026
2025
Taxes and social security costs
11,450
8,782
Deferred income
17,833
13,833
6
Loans and other debts due to members
2026
2025
Amounts due to members in respect of profits
81,599
54,404
Amounts falling due within one year
81,599
54,404
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Sapeno Partners LLP
Notes to the Accounts
for the year ended 31 March 2026
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £NIL (2025 - £NIL) were due to the fund.
8
Transactions with related parties
Investment in subsidiary undertaking.
The LLP owns 100% of the issued share capital of Sapeno Inc (registered address - 6 Derby Stret, London, W1J 7AD), a company incorporated in the USA which provides broker dealer services to US clients of the group.
£
Cost at 1 April 2025 -
Capital Contribution repaid £152,193 (2025 - £546,880)
Realised Gain £(152,193) (2025 - £546,880)
Cost at 31 March 2026 .
The Members consider that there is no one beneficial owner of the LLP.
10
Average number of employees
During the year the average number of employees was 1 (2025: 1).