IRIS Accounts Production v26.1.10.61 OC319201 designated member 1.4.25 31.3.26 31.3.26 0 0 true false true true false false true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC319201 2025-03-31 OC319201 2026-03-31 OC319201 2025-04-01 2026-03-31 OC319201 2024-03-31 OC319201 2024-04-01 2025-03-31 OC319201 2025-03-31 OC319201 ns15:EnglandWales 2025-04-01 2026-03-31 OC319201 ns14:PoundSterling 2025-04-01 2026-03-31 OC319201 ns10:PartnerLLP1 2025-04-01 2026-03-31 OC319201 ns10:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC319201 ns10:FRS102 2025-04-01 2026-03-31 OC319201 ns10:Audited 2025-04-01 2026-03-31 OC319201 ns10:LargeCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 OC319201 ns10:LargeCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC319201 ns10:LimitedLiabilityPartnershipsSORP 2025-04-01 2026-03-31 OC319201 ns10:FullAccounts 2025-04-01 2026-03-31 OC319201 ns10:PartnerLLP2 2025-04-01 2026-03-31 OC319201 ns10:RegisteredOffice 2025-04-01 2026-03-31 OC319201 ns5:CurrentFinancialInstruments 2026-03-31 OC319201 ns5:CurrentFinancialInstruments 2025-03-31 OC319201 ns5:CapitalRedemptionReserve 2026-03-31 OC319201 ns5:CapitalRedemptionReserve 2025-03-31 OC319201 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 OC319201 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31

REGISTERED NUMBER: OC319201 (England and Wales)

| REPORT OF THE MEMBERS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| FOR |

| STONEWARE CAPITAL LLP |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

General Information | 1 |

Report of the Members | 2 |

Report of the Independent Auditors | 4 |

Income Statement | 8 |

Other Comprehensive Income | 9 |

Balance Sheet | 10 |

Reconciliation of Members' Interests | 11 |

Cash Flow Statement | 13 |

Notes to the Cash Flow Statement | 14 |

Notes to the Financial Statements | 16 |

STONEWARE CAPITAL LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DESIGNATED MEMBERS: | Ms A O Davydova

| R F Rothwell

| REGISTERED OFFICE: | 9 Althorp Road

| London

| SW17 7ED

| REGISTERED NUMBER: | OC319201 (England and Wales)

| AUDITORS: | Hartley Fowler LLP

| Statutory Auditors

| Chartered Accountants

| 4th Floor Tuition House

| 27-37 St George's Road

| Wimbledon

| London

| SW19 4EU

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

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 fund management and acting as principal to a number of appointed representatives.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms A O Davydova

R F Rothwell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £140,745 (2025 - £141,116 profit).

MEMBERS' INTERESTS

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of the profits being distributed after the year, subject to the cash requirements of the business.

MIFIDPRU 8 DISCLOSURES - REMUNERATION CODE

The LLP is classified by the Financial Conduct Authority ("FCA") as a Small & Non-Interconnected ("SNI") firm and has documented the disclosures required by the FCA under MIFIDPRU 8.6 and SYSC 19G. These are available from the LLP's website at www.stonewarecapital.com.

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;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he or she ought to have taken as a member in order to make himself or herself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 31 MARCH 2026

AUDITORS

The auditors, Hartley Fowler LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE MEMBERS:

R F Rothwell - Designated member

30 June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STONEWARE CAPITAL LLP

Opinion

We have audited the financial statements of Stoneware Capital LLP (the 'LLP') for the year ended 31 March 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the LLP's affairs as at 31 March 2026 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information

The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STONEWARE CAPITAL LLP

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page two, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Identifying and assessing potential risks related to irregularities

We identify and assess risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- the engagement teams competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- the procedures in place to ensure that the audit team remained alert to instances of non-compliance throughout the audit.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

In addition we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

As a result of performing the above, we did not identify any key matters related to the potential risk of fraud or non-compliance with laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STONEWARE CAPITAL LLP

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provision of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reviewing minutes of meetings of those charged with governance, reviewing internal reports and reviewing correspondence with HMRC, and the Financial Conduct Authority.

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale for any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team

members and remained alert to any indication of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the director and the inspection of regulatory and legal correspondence, if any.

It should be noted that material misstatements arising due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Identifying and assessing potential risks related to irregularities

We identify and assess risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- the engagement teams competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- the procedures in place to ensure that the audit team remained alert to instances of non-compliance throughout the audit.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

In addition we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STONEWARE CAPITAL LLP

As a result of performing the above, we did not identify any key matters related to the potential risk of fraud or non-compliance with laws and regulations.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provision of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reviewing minutes of meetings of those charged with governance, reviewing internal reports and reviewing correspondence with HMRC, and the Financial Conduct Authority.

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale for any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team

members and remained alert to any indication of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the director and the inspection of regulatory and legal correspondence, if any.

It should be noted that material misstatements arising due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Askew (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

1 July 2026

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 3 | 172,272 |  | 171,731 |  |

Administrative expenses | 33,938 |  | 33,991 |  |

OPERATING PROFIT | 138,334 |  | 137,740 |  |

Interest receivable and similar income | 2,411 |  | 3,376 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 140,745 |  | 141,116 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 140,745 |  | 141,116 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 140,745 |  | 141,116 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

BALANCE SHEET

31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 6 | 10,156 |  | 15,518 |  |

Cash at bank | 165,301 |  | 177,588 |  |

175,457 |  | 193,106 |  |

CREDITORS

Amounts falling due within one year | 7 | 39,863 |  | 48,258 |  |

NET CURRENT ASSETS | 135,594 |  | 144,848 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 135,594 |  | 144,848 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 7,714 |  | 16,968 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 567,000 |  | 567,000 |  |

Other reserves | (439,120 | ) | (439,120 | ) |

135,594 |  | 144,848 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 7,714 |  | 16,968 |  |

Members' other interests | 127,880 |  | 127,880 |  |

135,594 |  | 144,848 |  |

The financial statements were approved by the members of the LLP and authorised for issue on 30 June 2026 and were signed by:

R F Rothwell - Designated member

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2026

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 April 2025 | 567,000 |  | (439,120 | ) | 127,880 |  |

Profit for the financial year available for discretionary division among members | - |  | 140,745 |  | 140,745 |  |

Members' interests after profit for the year | 567,000 |  | (298,375 | ) | 268,625 |  |

Other divisions of profit | - |  | (140,745 | ) | (140,745 | ) |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 March 2026 | 567,000 |  | (439,120 | ) | 127,880 |  |

| 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 | 16,968 |  |

Amount due from members | - |  |

Balance at 1 April 2025 | 16,968 |  | 144,848 |  |

Profit for the financial year available for discretionary division among members | - |  | 140,745 |  |

Members' interests after profit for the year | 16,968 |  | 285,593 |  |

Other divisions of profit | 140,745 |  | - |  |

Drawings on account and distributions of profit | (149,999 | ) | (149,999 | ) |

Amount due to members | 7,714 |  |

Amount due from members | - |  |

Balance at 31 March 2026 | 7,714 |  | 135,594 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2026

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 April 2024 | 567,000 |  | (439,120 | ) | 127,880 |  |

Profit for the financial year available for discretionary division among members | - |  | 141,116 |  | 141,116 |  |

Members' interests after profit for the year | 567,000 |  | (298,004 | ) | 268,996 |  |

Other divisions of profit | - |  | (141,116 | ) | (141,116 | ) |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 March 2025 | 567,000 |  | (439,120 | ) | 127,880 |  |

| 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 | 37,852 |  |

Amount due from members | - |  |

Balance at 1 April 2024 | 37,852 |  | 165,732 |  |

Profit for the financial year available for discretionary division among members | - |  | 141,116 |  |

Members' interests after profit for the year | 37,852 |  | 306,848 |  |

Other divisions of profit | 141,116 |  | - |  |

Drawings on account and distributions of profit | (162,000 | ) | (162,000 | ) |

Amount due to members | 16,968 |  |

Amount due from members | - |  |

Balance at 31 March 2025 | 16,968 |  | 144,848 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 2 | 139,125 |  | 153,947 |  |

Net cash from operating activities | 139,125 |  | 153,947 |  |

Cash flows from investing activities

Interest received | 2,411 |  | 3,376 |  |

Net cash from investing activities | 2,411 |  | 3,376 |  |

Transactions with members and former | members |

Payments to members | (149,999 | ) | (162,000 | ) |

Cash flows from other financing activities

Intercompany loan movement | (3,824 | ) | (7,308 | ) |

Net cash from financing activities | (153,823 | ) | (169,308 | ) |

Decrease in cash and cash equivalents | (12,287 | ) | (11,985 | ) |

Cash and cash equivalents at beginning of year | 3 | 177,588 |  | 189,573 |  |

Cash and cash equivalents at end of year | 3 | 165,301 |  | 177,588 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

1. | CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT

| The LLP classifies the share of profit in the cash flow statements within cash generated from operations, and this is classified consistently from period to period.

2. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS

| 2026 |  | 2025

£ | £ |

| Profit for the financial year before members' remuneration and profit shares available for discretionary division among members | 140,745 |  | 141,116 |  |

| Finance income | (2,411 | ) | (3,376 | ) |

138,334 |  | 137,740 |  |

| Decrease in trade and other debtors | 5,362 |  | 12,701 |  |

| (Decrease)/increase in trade and other creditors | (4,571 | ) | 3,506 |  |

| Cash generated from operations | 139,125 |  | 153,947 |  |

3. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2026

| 31/3/26 |  | 1/4/25

£ | £ |

| Cash and cash equivalents | 165,301 |  | 177,588 |  |

| Year ended 31 March 2025

| 31/3/25 |  | 1/4/24

£ | £ |

| Cash and cash equivalents | 177,588 |  | 189,573 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

4. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1/4/25 | Cash flow | changes | At 31/3/26

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 177,588 |  | (12,287 | ) | 165,301 |  |

177,588 |  | (12,287 | ) | 165,301 |  |

| Net funds (before

| members' debt) | 177,588 |  | (12,287 | ) | - |  | 165,301 |  |

| Loans and other debts

| due to members

| Other amounts

| due to members | (16,968 | ) | 149,999 |  | (140,745 | ) | (7,714 | ) |

| Net funds | 160,620 |  | 137,712 |  | (140,745 | ) | 157,587 |  |

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Stoneware Capital 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" 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.

| Financial instruments

| The LLP does not trade in financial instruments and all such instruments arise directly from operations.

| All trade and other debtors are intially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The LLP does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

| The LLP's cash holdings comprise on demand balances and deposit accounts. All cash is held with banks with strong external credit ratings.

| Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

| As the LLP only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

| 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.

| Going concern

| The Members are of the opinion that the LLP has adequate resources to continue its operational activities for the foreseeable future and are of the opinion that the going concern basis should be adopted in the preparation of the financial statements.

| Taxation provision

| The taxation payable on profits is the personal liability of the members during the year.

3. | TURNOVER

| The turnover and profit for the financial year before members' remuneration and profit shares are attributable to the one principal activity of the LLP.

4. | EMPLOYEE INFORMATION

| There were no staff costs for the year ended 31 March 2026 nor for the year ended 31 March 2025.

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

STONEWARE CAPITAL LLP (REGISTERED NUMBER: OC319201)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

5. | INFORMATION IN RELATION TO MEMBERS

| 2026 |  | 2025

| The average number of members during the year was | 3 |  | 3 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 6,300 |  | 8,971 |  |

| Other debtors | 3,497 |  | 5,647 |  |

| Prepayments and accrued income | 359 |  | 900 |  |

10,156 |  | 15,518 |  |

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

2026 | 2025 |

£ | £ |

| Amounts owed to group undertakings | 7,516 |  | 11,340 |  |

| VAT | 10,914 |  | 12,830 |  |

| Accruals and deferred income | 21,433 |  | 24,088 |  |

39,863 |  | 48,258 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2026 | 2025 |

£ | £ |

| Amounts owed to members in respect of profits | 7,714 |  | 16,968 |  |

| Falling due within one year | 7,714 |  | 16,968 |  |

9. | RELATED PARTY DISCLOSURES

| During the year, administration expenses of £25,029 (2025: £22,793) were incurred from Stoneware Capital Services Limited, an entity under common control and a member of Stoneware Capital LLP. An amount of £7,550 (2025: £11,340) was owed to the company at the year end.

| At the year end £3,497 (2025: £5,647) was owed from Stoneware Consultants Limited, an entity under common control with Stoneware Capital LLP.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R Rothwell.