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LLP registered number: OC362756 (England & Wales)
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ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 MARCH 2026
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Pages for Filing with Registrar
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CONTENTS
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Limited Liability Partnership Information
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Notes to the Financial Statements
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LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated Members
Akira Partners UK Ltd
Andre Sokol
Matthias Uepping
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LLP registered number
OC362756
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Registered office
304 Westbourne Grove
London W11 2PS
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Accountants
Lewis Golden LLP
40 Queen Anne Street
London W1G 9EL
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- 1 -
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LLP registered number: OC362756 (England & Wales)
AKIRA PARTNERS LLP
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BALANCE SHEET
AS AT 31 MARCH 2026
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Net assets before loans and other debts due to members
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Loans and other debts due to members within one year
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Other amounts classified as liability
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Members' capital classified as equity
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Amounts due from members (included in debtors)
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Loans and other debts due to members
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- 2 -
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LLP registered number: OC362756 (England & Wales)
AKIRA PARTNERS LLP
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BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small Limited Liability Partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the Members' Report and Profit and Loss Account in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
The notes on pages 4 to 9 form part of these financial statements.
- 3 -
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Akira Partners LLP is a Limited Liability Partnership, incorporated in England and Wales, LLP registered number OC362756. The address of the registered office is 304 Westbourne Grove, London W11 2PS.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention and in accordance with Section 1A - small entities of Financial Reporting Standard 102 ('FRS 102'), the 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships - May 2024'.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover comprises retainer fees, success fees and recharged expenses. Retainer fees are recognised in the period in which the work is completed. Success fees are amounts receivable which depend on projects being successful, at a point determined between the LLP and its customers. The turnover is recognised when the LLP has a right to the consideration. Recharged expenses are recognised on the accruals basis.
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Operating leases: the LLP as lessor
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Rental income from operating leases, presented as other operating income, is credited to the Profit and Loss Account on a straight line basis over the term of the relevant lease.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
- 4 -
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Short-term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Foreign currency translation
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Functional and presentational currency
The LLP's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and Loss Account.
- 5 -
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Operating leases: the LLP as lessee
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Operating leases which do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals paid under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.
Defined contribution pension plan
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.
A member's share of the profit or loss for the period is accounted for as an allocation of profits. Unallocated profits or losses are included within 'Other Reserves'.
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The average monthly number of employees, including members, during the year was 6 (2025 - 5).
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- 6 -
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Creditors: amounts falling due within one year
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Other taxation and social security
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Creditors: amounts falling due after more than one year
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Loans and other debts due to members
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Other amounts classified as liability
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of members' other interests.
- 8 -
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Related party transactions
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During the year, the members took drawings from the LLP of £2,948,297 (2025 - £1,429,672). At the balance sheet date, the amounts owed from members was £3,479,299 (2025 - £1,301,402), pending allocation of this year's profits in the next financial year. The balances are interest free and repayable on demand.
At the balance sheet date a loan of £50,000 (2025 - £50,000) was due to a designated member. The loan is interest free and there are no fixed repayment terms.
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- 9 -
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