Limited Liability Partnership registration number OC374974 (England and Wales)
CENNARA GLOBAL ADVISORS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
CENNARA GLOBAL ADVISORS LLP
CONTENTS
Page
Statement of financial position
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 8
CENNARA GLOBAL ADVISORS LLP
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
4,855
6,547
Current assets
Trade and other receivables
5
226,620
182,692
Cash and cash equivalents
184,537
326,032
411,157
508,724
Current liabilities
6
(371,012)
(470,271)
Net current assets
40,145
38,453
Total assets less current liabilities and net assets attributable to members
45,000
45,000
Represented by:
Members' other interests
Members' capital classified as equity
45,000
45,000
45,000
45,000
Total members' interests
Members' other interests
45,000
45,000

T he members of the limited liability partnership have elected not to include a copy of the income statement within the financial statements.

For the financial year ended 31 March 2026 the limited liability partnership 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 Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime.

The financial statements were approved by the members and authorised for issue on
22 July 2026
2026-07-22
and are signed on their behalf by:
Mr Kevin Forsyth
Designated member
Limited Liability Partnership Registration No. OC374974
CENNARA GLOBAL ADVISORS LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2026
£
£
£
£
Members' interests at 1 April 2025
45,000
-
-
45,000
Members' remuneration charged as an expense
-
914,000
914,000
914,000
Members' interests after profit for the year
45,000
914,000
914,000
959,000
Drawings
-
(914,000)
(914,000)
(914,000)
Members' interests at 31 March 2026
45,000
-
-
45,000
CENNARA GLOBAL ADVISORS LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2025
£
£
£
£
Members' interests at 1 April 2024
35,000
-
-
35,000
Members' remuneration charged as an expense
-
1,154,768
1,154,768
1,154,768
Members' interests after profit for the year
35,000
1,154,768
1,154,768
1,189,768
Introduced by members
25,000
-
-
25,000
Repayments of capital
(15,000)
-
-
(15,000)
Drawings
-
(1,154,768)
(1,154,768)
(1,154,768)
Members' interests at 31 March 2025
45,000
-
-
45,000
CENNARA GLOBAL ADVISORS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Limited liability partnership information

Cennara Global Advisors LLP is a limited liability partnership incorporated in England and Wales. The registered office is 9th Floor, 1 Knightsbridge Green, London, SW1X 7QA. The limited liability partnership registration number is OC374974.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue represents amounts receivable for the provision of administrative services rendered during the period and is recognised when and to the extent that a right to consideration arises.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' 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. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
straight line over 3 years
Computer equipment
straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of comprehensive income.

CENNARA GLOBAL ADVISORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.5
Impairment of non-current assets

At each reporting end date, the LLP reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the LLP estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.7
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.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, 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 receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP’s obligations expire or are discharged or cancelled.

1.8
Taxation

The taxation payable on the limited liability partnership profits is solely the personal liability of the individual members consequently neither partnership taxation nor related deferred taxation arising in respect of the partnership are accounted for in these financial statements.

CENNARA GLOBAL ADVISORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the statement of comprehensive income for the period.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was 4 (2025 - 4).

3
Members' remuneration
2026
2025
Number
Number
Average number of members during the year
6
6
2026
2025
£
£
Remuneration under participation rights
914,000
1,154,768
CENNARA GLOBAL ADVISORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 April 2025
144,009
Additions
2,349
At 31 March 2026
146,358
Depreciation and impairment
At 1 April 2025
137,462
Depreciation charged in the year
4,041
At 31 March 2026
141,503
Carrying amount
At 31 March 2026
4,855
At 31 March 2025
6,547
5
Trade and other receivables
2026
2025
Amounts falling due within one year:
£
£
Trade receivables
84,460
56,340
Other receivables
142,160
126,352
226,620
182,692
6
Current liabilities
2026
2025
£
£
Trade payables
2,132
10,747
Taxation and social security
14,970
14,362
Other payables
353,910
445,162
371,012
470,271
CENNARA GLOBAL ADVISORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
7
Loans and other debts due to members
2026
2025
£
£
Analysis of loans
Amounts owed to members in respect of profits
-
-

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

Amounts included above are in respect of the money owed to members in respect of profits. The members' ability to withdraw their profits is governed by the Limited Liability Partnership Agreement dated 4 July 2024.

8
Operating lease commitments

At the reporting end date LLP had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
85,150
212,875
9
Related party transactions

Included in other payables is an amount of £60,000 (2025: £30,000) payable to members in respect of drawings.

10
Ultimate controlling party

The Anut Foundation and Thursday Holding are both regarded as the ultimate controlling parties of the LLP. The Anut Foundation by virtue of having a majority of the voting rights in the LLP, and Thursday Holding because in its absolute discretion it has the right to determine whether at any time to admit any person as a further member and the terms upon which they shall be admitted.

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