IRIS Accounts Production v26.1.10.61 OC445765 designated member designated member 1.4.25 31.3.26 31.3.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC445765 2025-03-31 OC445765 2026-03-31 OC445765 2025-04-01 2026-03-31 OC445765 2024-03-31 OC445765 2024-04-01 2025-03-31 OC445765 2025-03-31 OC445765 ns15:EnglandWales 2025-04-01 2026-03-31 OC445765 ns14:PoundSterling 2025-04-01 2026-03-31 OC445765 ns10:PartnerLLP1 2025-04-01 2026-03-31 OC445765 ns10:PartnerLLP2 2025-04-01 2026-03-31 OC445765 ns10:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC445765 ns10:SmallEntities 2025-04-01 2026-03-31 OC445765 ns10:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 OC445765 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC445765 ns10:LimitedLiabilityPartnershipsSORP 2025-04-01 2026-03-31 OC445765 ns10:FullAccounts 2025-04-01 2026-03-31 OC445765 ns10:RegisteredOffice 2025-04-01 2026-03-31 OC445765 ns5:CurrentFinancialInstruments 2026-03-31 OC445765 ns5:CurrentFinancialInstruments 2025-03-31 OC445765 ns5:CapitalRedemptionReserve 2026-03-31 OC445765 ns5:CapitalRedemptionReserve 2025-03-31 OC445765 ns5:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 OC445765 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 OC445765 ns5:ComputerEquipment 2025-04-01 2026-03-31 OC445765 ns5:OwnedAssets 2025-04-01 2026-03-31 OC445765 ns5:OwnedAssets 2024-04-01 2025-03-31 OC445765 ns5:ComputerEquipment 2025-03-31 OC445765 ns5:ComputerEquipment 2026-03-31 OC445765 ns5:ComputerEquipment 2025-03-31 OC445765 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 OC445765 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31

REGISTERED NUMBER: OC445765 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Merivel Capital Partners LLP

| Merivel Capital Partners LLP (Registered number: OC445765) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Balance Sheet | 4 |

| Notes to the Financial Statements | 6 |

| Merivel Capital Partners LLP |

General Information

for the Year Ended 31 March 2026

| DESIGNATED MEMBERS: | Merivel Limited

| Rally Capital Limited

| REGISTERED OFFICE: | Lake House

| Market Hill

| Royston

| SG8 9JN

| BUSINESS ADDRESS: | 10 North End

| Bassingbourn

| Royston

| Hertfordshire

| SG8 5NX

| REGISTERED NUMBER: | OC445765 (England and Wales)

| ACCOUNTANTS: | Hardcastle Burton LLP

| Lake House

| Market Hill

| Royston

| Hertfordshire

| SG8 9JN

| Merivel Capital Partners LLP (Registered number: OC445765) |

Report of the Members

for the Year Ended 31 March 2026

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of intermediary services to corporate investors.

DESIGNATED MEMBERS

The designated members during the year under review were:

Merivel Limited

Rally Capital Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £888,632 (2025 - £357,834 profit).

MEMBERS' INTERESTS

All members are equity members, share in the profits and subscribe the entire capital. Payments are made subject to the cash requirements of the business.

Details of changes in members' capital in the year ended 31 March 2026 are set out in the financial statements.

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:

Merivel Limited - Designated member

9 July 2026

| Merivel Capital Partners LLP (Registered number: OC445765) |

Income Statement

for the Year Ended 31 March 2026

| 31.3.26 |  | 31.3.25

| Notes | £ | £ |

TURNOVER | 888,632 |  | 357,834 |  |

Cost of sales | 255,350 |  | 27,914 |  |

GROSS PROFIT | 633,282 |  | 329,920 |  |

Administrative expenses | 88,413 |  | 82,637 |  |

544,869 |  | 247,283 |  |

Other operating income | 343,763 |  | 110,551 |  |

OPERATING PROFIT and |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 888,632 |  | 357,834 |  |

| Merivel Capital Partners LLP (Registered number: OC445765) |

Balance Sheet

31 March 2026

| 31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 82 |  | 412 |  |

CURRENT ASSETS

Debtors | 6 | 161,533 |  | 39,439 |  |

Cash at bank | 238,181 |  | 143,656 |  |

399,714 |  | 183,095 |  |

CREDITORS

Amounts falling due within one year | 7 | 74,283 |  | 3,007 |  |

NET CURRENT ASSETS | 325,431 |  | 180,088 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 325,513 |  | 180,500 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 305,513 |  | 160,500 |  |

MEMBERS' OTHER INTERESTS

Merivel Limited capital

account | 10,000 |  | 10,000 |  |

Rally Capital capital account | 10,000 |  | 10,000 |  |

325,513 |  | 180,500 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 305,513 |  | 160,500 |  |

Members' other interests | 20,000 |  | 20,000 |  |

Amounts due from members | 6 | (39,510 | ) | (32,975 | ) |

286,003 |  | 147,525 |  |

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 2026.

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.

| Merivel Capital Partners LLP (Registered number: OC445765) |

Balance Sheet - continued

31 March 2026

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 9 July 2026 and were signed by:

Merivel Limited - Designated member

Rally Capital Limited - Designated member

| Merivel Capital Partners LLP (Registered number: OC445765) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Merivel Capital Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 | - | 33% on cost

| Financial instruments

| The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the LLP's statement of financial position when the LLP becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Foreign currencies

| 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 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 profit or loss in the period to which they relate.

| Merivel Capital Partners LLP (Registered number: OC445765) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 1 (2025 - 1 ) .

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 31.3.26 |  | 31.3.25

£ | £ |

| Depreciation - owned assets | 330 |  | 329 |  |

5. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 989 |  |

| DEPRECIATION

| At 1 April 2025 | 577 |  |

| Charge for year | 330 |  |

| At 31 March 2026 | 907 |  |

| NET BOOK VALUE

| At 31 March 2026 | 82 |  |

| At 31 March 2025 | 412 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade debtors | 77,000 |  | - |  |

| Amounts due from members | 39,510 |  | 32,975 |  |

| Other debtors | 1,193 |  | 4,516 |  |

| Social security and other

| taxes | 279 |  | 1,412 |  |

| Prepayments and accrued income | 43,551 |  | 536 |  |

161,533 |  | 39,439 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade creditors | 2,489 |  | 157 |  |

| Accrued expenses | 71,794 |  | 2,850 |  |

74,283 |  | 3,007 |  |

| Merivel Capital Partners LLP (Registered number: OC445765) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31.3.26 |  | 31.3.25

£ | £ |

| Amounts owed to members in respect of profits | 305,513 |  | 160,500 |  |

| Falling due within one year | 305,513 |  | 160,500 |  |

| Loans and other debts due to members rank below all other creditors.

| There is no provision for specific legally enforceable protection afforded to creditors in such an event.

| There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.