Centrum Capital Partners LLP OC454694 false 2025-12-01 2026-03-31 2026-03-31 The principal activity of the company is the provision of legal services. Digita Accounts Production Advanced 6.30.9574.0 true true OC454694 2025-12-01 2026-03-31 OC454694 2026-03-31 OC454694 core:CurrentFinancialInstruments 2026-03-31 OC454694 core:WithinOneYear 2026-03-31 OC454694 core:OfficeEquipment 2026-03-31 OC454694 bus:SmallEntities 2025-12-01 2026-03-31 OC454694 bus:AuditExemptWithAccountantsReport 2025-12-01 2026-03-31 OC454694 bus:FilletedAccounts 2025-12-01 2026-03-31 OC454694 bus:SmallCompaniesRegimeForAccounts 2025-12-01 2026-03-31 OC454694 bus:PartnerLLP1 2025-12-01 2026-03-31 OC454694 bus:LimitedLiabilityPartnershipLLP 2025-12-01 2026-03-31 OC454694 core:ComputerEquipment 2025-12-01 2026-03-31 OC454694 core:OfficeEquipment 2025-12-01 2026-03-31 OC454694 countries:AllCountries 2025-12-01 2026-03-31 OC454694 2024-11-28 2025-11-30 OC454694 2025-11-30 OC454694 core:CurrentFinancialInstruments 2025-11-30 OC454694 core:WithinOneYear 2025-11-30 iso4217:GBP xbrli:pure

Registration number: OC454694 (England & Wales)

Centrum Capital Partners LLP
Unaudited Filleted Financial Statements
for the period from 1 December 2025 to 31 March 2026

Centrum Capital Partners LLP

(Registration number: OC454694 (ENGLAND & WALES))
Balance Sheet as at 31 March 2026

| Note | 31 March 2026 £ | 30 November 2025 £
Fixed assets |  |  |
Tangible assets | 3 | 824 | -
Current assets |  |  |
Cash and short-term deposits |  | 13,361 | 8,464
Creditors: Amounts falling due within one year | 4 | (2,761) | (3,155)
Net current assets |  | 10,600 | 5,309
Net assets attributable to members |  | 11,424 | 5,309
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 11,424 | 5,309
|  | 11,424 | 5,309
Total members' interests |  |  |
Loans and other debts due to members |  | 11,424 | 5,309
|  | 11,424 | 5,309

For the period ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Centrum Capital Partners LLP (registered number OC454694) were approved by the Board and authorised for issue on 19 August 2026. They were signed on behalf of the limited liability partnership by:

......................................... M P Shah Designated member

Centrum Capital Partners LLP

Notes to the Financial Statements for the Period from 1 December 2025 to 31 March 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS102")', the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in May 2024 (the "LLP SORP") and the requirements of the Companies Act 2006 as applied to LLPs under The Limited Liability Partners (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (“the Regulations”).

General information and basis of accounting

The limited liability partnership is incorporated in the England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the Members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency of Centrum Capital Partners LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Monetary amounts in these financial statements have been rounded to the nearest pound.

The presentational currency of the financial statements is pounds sterling, being the functional currency of the primary economic environment in which the LLP operates. Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern

After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future and for at least twelve months from the end of the reporting period. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates and VAT and other sales tax or duty.

Members' remuneration and division of profits

The profits of the LLP are automatically divided among the members in accordance with the agreed profit share agreements.
A member's share of profit or loss for the year is accounted for as an allocation of profits.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

Centrum Capital Partners LLP

Notes to the Financial Statements for the Period from 1 December 2025 to 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer Equipment | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Hire purchase and leasing

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the profit and loss on a straight-line basis over the lease term.

Members' interests

Members’ interests represent amounts due to or from members arising from profit allocations, drawings, tax payments, loans and annuity provisions.

Pensions and other post retirement obligations

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the limited liability partnership has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. The assets of the plan are held separately in independently administer funds. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Centrum Capital Partners LLP

Notes to the Financial Statements for the Period from 1 December 2025 to 31 March 2026

Recognition and Measurement

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

2 | Particulars of employees

The average number of persons employed by and members of the limited liability partnership during the period was 6 (2025 - 6).

Centrum Capital Partners LLP

Notes to the Financial Statements for the Period from 1 December 2025 to 31 March 2026

3 | Tangible fixed assets

| Computer Equipment £
Cost |
Additions | 899
Depreciation |
Charge for the year | 75
At 31 March 2026 | 75
Net book value |
At 31 March 2026 | 824

4 | Creditors: Amounts falling due within one year

| 2026 £ | 2025 £
Amounts owed to group undertakings and undertakings in which the limited liability partnership has a participating interest | - | 34
Accruals and deferred income | 2,761 | 3,121
| 2,761 | 3,155