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CAIVP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
CAIVP LLP is a Limited Liability Partnership (LLP) incorporated and domiciled in England and Wales. Its registered office address is C/O Mishcon De Reya, 4 Station Square, Cambridge, CB1 2GE.
The LLP was incorporated on 2 December 2024. These financial statements cover the period from 2 December 2024 to 31 March 2026.
The LLP's functional and presentational currency is GBP.
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 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 Liabilities Partnerships'. 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 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:
The Members have prepared the financial statements on a going concern basis which assumes that the LLP will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements.
The Members have considered the adequacy of the LLP's financial resources at the time of approving the financial statements, and are satisfied that sufficient funds will be available for the LLP for the foreseeable future. On the basis of their review, the Members have a reasonable expectation that the LLP will continue in operational existence and have sufficient resources to meet its liabilities as they fall due. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
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ALLOCATION OF PROFITS AND DRAWINGS
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There are no members paid under a contract of employment.
During the period, the members set the level of members’ drawings after considering the interim profit calculations and the LLP’s working capital needs. The LLP agreement provides that the profit and loss, after a prior profit share, are allocated in reference to the profit sharing ratios as defined in the Partnership Agreement. Such payments are accounted for as an expense and are shown within members’ remuneration.
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.
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