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Registered number: OC368733 CEDARKNIGHT PARTNERS LLP FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 5 APRIL 2026
CEDARKNIGHT PARTNERS LLP REGISTERED NUMBER: OC368733 BALANCE SHEET AS AT 5 APRIL 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 6,132 |  | 3,769 |
Cash at bank and in hand | 5 | 104,740 |  | 125,509 |
|  | 110,872 |  | 129,278 |
Creditors: Amounts Falling Due Within One Year | 6 | (16,311) |  | (30,651) |
Net current assets |  |  | 94,561 |  | 98,627
Total assets less current liabilities |  |  | 94,561 |  | 98,627
Net assets |  |  | 94,561 |  | 98,627
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 7 |  | (107) |  | 3,959
|  |  | (107) |  | 3,959
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 94,668 |  | 94,668 |
|  |  | 94,668 |  | 94,668
|  |  | 94,561 |  | 98,627
Total members' interests |  |  |  |  |
Loans and other debts due to members | 7 |  | (107) |  | 3,959
Members' other interests |  |  | 94,668 |  | 94,668
|  |  | 94,561 |  | 98,627
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income 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 on 27 July 2026.
Mr. Gumail Uppal
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CEDARKNIGHT PARTNERS LLP REGISTERED NUMBER: OC368733 BALANCE SHEET (CONTINUED) AS AT 5 APRIL 2026
Designated member
The notes on pages 5 to 10 form part of these financial statements. Page 2
CEDARKNIGHT PARTNERS LLP STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 5 APRIL 2026
| Members capital (classified as equity) | Total equity
| £ | £
At 1 April 2024 | 94,668 | 94,668
At 6 April 2025 | 94,668 | 94,668
At 5 April 2026 | 94,668 | 94,668
The notes on pages 5 to 10 form part of these financial statements.
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CEDARKNIGHT PARTNERS LLP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2026
|  |  | 2026 | 2025
|  |  | £ | £
Profit for the financial year | - | -
Adjustments for: |  |
Members' remuneration charged as an expense | 185 | 4,251
(Increase)/decrease in debtors | (5,574) | 8,480
(Increase) in amounts owed by groups | (1,784) | (1,884)
(Decrease) in creditors | (14,340) | (21,009)
Net cash generated from operating activities before transactions with members | (21,513) | (10,162)
Members' remuneration charged as an expense | (185) | (4,251)
Net cash generated from operating activities | (21,698) | (14,413)
Cash flows from financing activities |  |
Distribution paid to members | 929 | -
Net cash used in financing activities | 929 | -
Net (decrease) in cash and cash equivalents | (20,769) | (14,413)
Cash and cash equivalents at beginning of year | 125,509 | 139,922
Cash and cash equivalents at the end of year | 104,740 | 125,509
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 104,740 | 125,509
| 104,740 | 125,509
The notes on pages 5 to 10 form part of these financial statements.
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CEDARKNIGHT PARTNERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
1. | General information
CedarKnight Partners LLP is a limited liability partnership incorporated in England and Wales. The registered office is Floor 19, 100 Bishopsgate, London, United Kingdom, EC2N 4AG. The limited liability partnership's principal activities are disclosed in the Members' Report. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 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 Liability Partnerships". The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. In assessing the LLP's ability to continue as a going concern, the Members have considered the LLP's current financial position, cash flow forecasts and projected trading performance for a period of at least twelve months from the date of approval of these financial statements. During the year, the LLP's commercial activity was significantly reduced whilst a regulatory approval process relating to an ownership restructuring was being completed. As a result, trading activity and revenues during the year were substantially lower than would ordinarily be expected. The Members consider this reduction in activity to have been temporary and non-recurring in nature. Following receipt of the relevant regulatory approval and completion of the ownership restructuring, the LLP resumed normal business activities. Subsequent to the year end, the LLP has returned to profitable trading and generated positive cash flows from operations. At the reporting date, the LLP held cash balances of approximately £105,000, had no external borrowings and only modest operating liabilities. The Members have prepared forecasts which demonstrate that the LLP is expected to maintain positive cash balances throughout the going concern assessment period and does not require additional external funding. The LLP also benefits from recurring revenue arrangements which provide an ongoing source of income. In addition, the Members have confirmed that financial support would be available if required, although the forecasts do not indicate that such support will be necessary. Having considered all relevant information, including the successful completion of the ownership restructuring, post-year-end trading performance, available cash resources and forecast cash flows, the Members have concluded that the LLP has adequate resources to continue in operational existence for the foreseeable future. The Members have not identified any material uncertainties related to events or conditions that may cast significant doubt upon the LLP's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis. Page 5
CEDARKNIGHT PARTNERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 2.Accounting policies (continued)
| 2.3 | Foreign currency translation
Functional and presentation 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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the LLP has transferred the significant risks and rewards of ownership to the buyer; ∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 6
CEDARKNIGHT PARTNERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 2.Accounting policies (continued)
| 2.5 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .
| 2.6 | Debtors
Short-term debtors are measured at 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.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the LLP's cash management.
| 2.8 | Creditors
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.
3. | Employees
| The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:
|  |  | 2026 | 2025
|  |  | No. | No.
|  | Members | 3 | 3
4. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 3,668 | 1,884
| Other debtors | 85 | 85
| Prepayments and accrued income | 2,379 | 1,800
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CEDARKNIGHT PARTNERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 4.Debtors (continued)
|  | 6,132 | 3,769
5. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 104,740 | 125,509
|  | 104,740 | 125,509
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 102 | 26,602
| Accruals and deferred income | 16,209 | 4,049
|  | 16,311 | 30,651
7. | Loans and other debts due to members
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other amounts due to members | (107) | 3,959
|  | (107) | 3,959
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Falling due after more than one year | (107) | 3,959
|  | (107) | 3,959
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. Page 8
CEDARKNIGHT PARTNERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
8. | Reconciliation of members' interests
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £
Members' interests after profit for the year | 94,668 | 94,668 | (1,036) | (1,036) | 93,632
Drawings on account and distribution of profit | - | - | 4,995 | 4,995 | 4,995
Amounts due to members |  |  | 3,959 | 3,959 |
Amounts due from members |  |  | - | - |
Balance at 5 April 2025 | 94,668 | 94,668 | 3,959 | 3,959 | 98,627
Members' interests after profit for the year | 94,668 | 94,668 | 3,959 | 3,959 | 98,627
Drawings on account and distribution of profit | - | - | (4,066) | (4,066) | (4,066)
Amounts due to members |  |  | (107) | (107) |
Amounts due from members |  |  | - | - |
Balance at 5 April 2026 | 94,668 | 94,668 | (107) | (107) | 94,561
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.
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CEDARKNIGHT PARTNERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
| 9. | Analysis of net debt
|  |  | At 6 April 2025 | Arising from cash flows | At 5 April 2026
|  |  | £ | £ | £
| Cash at bank and in hand | 125,509 | (20,769) | 104,740
| Net debt (before members' debt) | 125,509 | (20,769) | 104,740
| Loans and other debts due to members |  |  |
| Other amounts due to members | (3,959) | 4,066 | 107
| Net debt | 121,550 | (16,703) | 104,847
10. | Related party transactions
| Included in administrative expenses is an amount of £9,500, (2025: £26.500) which represents a service charge and insurance recharge is £2,356, (2025: £913) from CedarKnight Limited a member of the LLP. Included within creditors as at year end of 5 April 2026 is an amount owed to CedarKnight Limited of £Nil, (2025: £26,500). At the balance sheet date, included within amounts owed by group undertakings is an amount owing of £3,663 (2025: £1,884). Included in turnover are investment advisory fees of £Nil, (2025: £60,137) receivable from Cerne Investments Holding Limited, a company under common control of G Uppal and K Abel.
11. | Controlling party
During the year, K Abel transferred his entire direct and indirect interests in the LLP to G Uppal. Following this transaction, G Uppal holds interests in the LLP both directly and indirectly and is the ultimate controlling party of the LLP as at 05 April 2026.
12. | Auditors' information
The auditors' report on the financial statements for the year ended 5 April 2026 was unqualified. The audit report was signed on 27 July 2026 by Darryl Ashing FCA (Senior Statutory Auditor) on behalf of Ashings Limited.
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