Atom Capital Limited Liability Partnership Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC323510

Atom Capital Limited Liability Partnership

Filleted Unaudited Financial Statements

31 October 2025

Atom Capital Limited Liability Partnership

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		329	439

Current assets

Debtors	5	21,046	20,511
Investments	6	35,000	35,000
Cash at bank and in hand		267	84
		--------	--------
		56,313	55,595

Creditors: amounts falling due within one year	7	200		200
		--------		--------
Net current assets			56,113	55,395
			--------	--------
Total assets less current liabilities			56,442	55,834

Accruals and deferred income	425	1,350
	--------	--------
Net assets	56,017	54,484
	--------	--------

Represented by:

Loans and other debts due to members

Other amounts	8		56,014	54,481

Members' other interests

Members' capital classified as equity	3	3
Other reserves	–	–
	--------	--------
	56,017	54,484
	--------	--------

Total members' interests

Amounts due from members		(21,039)	(20,504)
Loans and other debts due to members	8	56,014	54,481
Members' other interests		3	3
		--------	--------
		34,978	33,980
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of income and retained earnings has not been delivered.

Atom Capital Limited Liability Partnership

Statement of Financial Position (continued)

31 October 2025

For the year ending 31 October 2025 the LLP 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 LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the members and authorised for issue on 3 July 2026 , and are signed on their behalf by:

A Choraira

Designated Member

Registered number: OC323510

Atom Capital Limited Liability Partnership

Notes to the Financial Statements

Year ended 31 October 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 21 The Bishops Avenue, East Finchley, London, N2 0AL.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

(i) Basis of preparation

The financial statements have been prepared on a going concern basis due to the continued support of the Members.

(ii) Current assets investments

Current asset investments are stated at the lower of cost and net realisable value.

(iii) Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

(iv) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(v) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

(vi) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

(vii) Financial instruments

A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

(viii) Post-retirement payments due to members

The post-retirement payments due to members are determined annually based upon a formula directly linked to the profits of the partnership. Provision is made for such payments when a member obtains an actual or constructive right to the payments, which the LLP has no discretion to withhold. The provision is based upon the estimated present value of the expected future payments to members.

Amounts recognised in respect of current members are charged to the statement of income and retained earnings within members' remuneration charged as an expense. The liability for post-retirement payments due to current members is recorded in the statement of financial position within loans and other debts due to members. In the year in which a member retires, the liability is transferred from loans and other debts due to members and is recorded as a liability due to former members within either creditors or provisions for liabilities.

Where provision for post-retirement payments due to former members is a contractual liability or a constructive obligation of certain timing amount, the provision will be recorded within creditors falling due within or after more than one year. In all other cases, the provision will be recorded within provisions for liabilities.

The unwinding of the discount on provisions for post-retirement payments due to current members is charged to the statement of income and retained earnings as part of members' remuneration charged as an expense.

The unwinding of the discount on provisions for post-retirement payments due to former members is charged to the statement of income and retained earnings and included adjacent to interest payable and similar charges.

All provisions are re-assessed annually and any changes in estimates are included within the statement of income and retained earnings.

4.	Tangible assets

	Equipment	Total
	£	£
Cost
At 1 November 2024 and 31 October 2025	1,399	1,399
	-------	-------
Depreciation
At 1 November 2024	960	960
Charge for the year	110	110
	-------	-------
At 31 October 2025	1,070	1,070
	-------	-------
Carrying amount
At 31 October 2025	329	329
	-------	-------
At 31 October 2024	439	439
	-------	-------

5.	Debtors

	2025	2024
	£	£
Other debtors	21,046	20,511
	--------	--------

6.	Investments

	2025	2024
	£	£
Investment in Eastmoor Capital Partners, LLP	35,000	35,000
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	200	200
	----	----

8.	Loans and other debts due to members

	2025	2024
	£	£
Loans from members	1,533	–
Amounts owed to members in respect of profits	54,481	54,481
	--------	--------
	56,014	54,481
	--------	--------

9.	Related party transactions

The company was a partner of Eastmoor Capital Partners LLP. and was allocated a profit/(loss) share from this organisation of £– (2024: £–). At 31 October 2025, £7 (2024: £7) was payable by Eastmoor Capital Partners, LLP.