Euronova Asset Management UK LLP

Registered number

SO300762

Unaudited Filleted Accounts

31 March 2026

Euronova Asset Management UK LLP
Registered number:		SO300762
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Current assets
Debtors	3	23,191		20,811
Cash at bank and in hand		94,474		90,476
		117,665		111,287

Creditors: amounts falling due within one year	4	(7,884)		(12,383)

Net current assets		109,781		98,904

Total assets less current liabilities		109,781		98,904



Net assets attributable to members		109,781		98,904

Represented by:
Loans and other debts due to members	5	109,781		98,904


		109,781		98,904

Total members' interests
Loans and other debts due to members	5	109,781		98,904

		109,781		98,904

For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.

These accounts were approved by the members on 24 June 2026 and signed on their behalf by:


Amanda Swanson
Designated member

Euronova Asset Management UK LLP
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies

	Basis of preparation
	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.

	Turnover
	Management fees are calculated with reference to agreed contracts and are recognised on an accruals basis. Performance fees are also calculated on a contractual basis and are recognised upon receipt.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the LLP	0		0


3	Debtors	2026		2025
£			£

	Trade debtors	18,123		20,811
	Other debtors	5,068		-
		23,191		20,811


4	Creditors: amounts falling due within one year	2026		2025
£			£

	Other creditors	7,884		12,383


5	Loans and other debts due to members	2026		2025
£			£

	Members capital classified as a liability	94,117		94,117
	Amounts due to members in respect of profits	15,664		4,787
		109,781		98,904

	Amounts falling due within one year	109,781		98,904

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


6	Related party transactions	2026		2025
£			£

	The company has entered into transactions with related parties during the year as follows:

	Euronova Smaller Companies Fund:
	Management fees receivable	276,890		289,588
	Research fees receivable	58,892		62,096

	Euronova Asset Management Limited:
	Investment advisory fees payable	173,500		168,000

	The balances due from/(to) related parties at the year end were as follows:
	Euronova Smaller Companies Fund	20,811		27,656

	Euronova Asset Management Limited is a designated member of Euronova Asset Management UK LLP.
	The Euronova Smaller Companies Fund is a fund administered by the LLP in accordance with the relevant investment management agreement.
	Amanda Swanson, a designated member of the partnership is also a director of the Euronova Smaller Companies Fund.


7	Controlling party

	The designated members of the limited liability partnership consider Euronova Asset Management Limited to be the immediate controlling party of the partnership. The directors of Euronova Asset Management Limited consider Henry Reid to be the ultimate controlling party of the company due to his shareholding in that entity.


8	Other information

	Euronova Asset Management UK LLP is a limited liability partnership incorporated in Scotland. Its registered office is:
	7-9 North St David Street
	St Andrew Square
	Edinburgh
	EH2 1AW