ARKIN CAPITAL LLP - Filleted accounts

ARKIN CAPITAL LLP
Data not obtained from trial balance		AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated				Current year	Comparative

Units (eg £ or £000)		£	include a trailing space

LLP registration number		OC450479

		Date
Approval date of the accounts by the members		17/08/2026

		Date
Date of signing on the audit/accountants report		17/08/2026

Date of engagement letter (required for		Date
CA and ACCA reports)

Person signing members' report:
	Name of member	Elio Morandin

Name of member signing balance sheet		Elio Morandin

Address of registered office:
	Address line 1	Carlyle House, 235-237
	Address line 2	Vauxhall bridge road
	City or town	London
	County or region	England
	Postcode	SW1V1EJ

Name of senior statutory auditor

Name of auditors/accountants		Amedia Accountant and Auditors Ltd

Type of firm (eg Chartered Accountants)		Accountants

Address of auditors/accountants
	Address line 1	Carlyle House, Lower Ground Floor
	Address line 2	235-237 Vauxhall Bridge Road
	City or town	London
	County or region	England
	Postcode	SW1V 1EJ


Number					Number
Average number of persons employed by the company				2		2

Registered number

OC450479

ARKIN CAPITAL LLP

Filleted Accounts

31 January 2026

ARKIN CAPITAL LLP
Registered number:		OC450479
Balance Sheet
as at 31 January 2026
				(Restated)
Notes		2026		2025
£			£
Fixed assets
Tangible assets	2	531		708
Investments	3	10,401		-
		10,932		708
Current assets
Debtors (including £184,600 due after more then one year)	4	241,003		39
Cash at bank and in hand		42,001		888
		283,004		927

Creditors: amounts falling due within one year	5	(6,656)		(588)

Net current assets		276,348		339

Total assets less current liabilities		287,280		1,047


Net assets attributable to members		287,280		1,047

Members' other interests

Loans and other debts due to members	6	346,556		-
Members’ other interests — members’ capital classified as equity		11,774		11,345
Members’ other interests — other reserves		(71,050)		(10,298)

		287,280		1,047


For the year ended 31 January 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 17 August 2026 and signed on their behalf by:

The LLP is pursuing recovery of a contractual claim against a former member, PT. Amrock Petroleum Trading (ceased 21 May 2025), whose contribution obligations were not performed. Criminal proceedings were filed in Tunisia on 25 April 2025 and further legal avenues are being pursued. In accordance with FRS 102 Section 21, no asset has been recognised, as recovery is not virtually certain at the reporting date.



Prior year restatement The comparative figures have been restated to derecognise a contribution receivable and a corresponding amount previously presented within cash at bank and creditors falling due after more than one year (GBP 54,600,000,000) which did not meet the recognition criteria of FRS 102 (s.10.19–10.21). The restatement has no effect on the loss or on members’ other interests for either year.



Elio Morandin
Designated member
Approval date of the accounts by the members 17/08/2026

ARKIN CAPITAL LLP
Notes to the Accounts
for the year ended 31 January 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer Equipment		25% WDV

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Audit Exemption
	The LLP has taken advantage of the exemption from audit under Section 477 of the Companies Act 2006, as applied to limited liability partnerships. Following ARKIN Capital LLP becoming the parent undertaking of Cortalis GP, eligibility for audit exemption has been assessed on a group basis. The members have concluded that the group qualifies as a small group under Section 479 of the Companies Act 2006, having regard to the aggregate turnover, balance sheet total and average number of employees of ARKIN Capital LLP, Cortalis GP and Cortalis SCSp. In making this assessment, assets held within ring-fenced compartments have been excluded in accordance with the Luxembourg Law of 22 March 2004, under which such compartments constitute segregated pools of assets and liabilities. Accordingly, the LLP is entitled to claim audit exemption for the year ended 31 January 2026.




2	Tangible fixed assets
						Computer Equipment
£
	Cost
	At 1 February 2025	(Restated)				790
	At 31 January 2026					790

	Depreciation
	At 1 February 2025	(Restated)				82
	Charge for the year					177
	At 31 January 2026					259

	Net book value
	At 31 January 2026					531
	At 31 January 2025	(Restated)				708	708


3	Investment					Other
investments
£
	Cost
	At 1 February 2025					-
	Additions					10,401

	At 31 January 2026					10,401

Cortalis GP S.à r.l. is registered in Luxembourg (RCS B299818). Cortalis SCSp is registered in Luxembourg (RCS B300193); its subscription of EUR 99 was not yet settled in cash at 31 January 2026 and is recorded within amounts owed to group undertakings. Cortalis S.r.l. (Italy) is held at the level of Cortalis SCSp. Assets allocated to the compartments of Cortalis SCSp are ring-fenced for the benefit of the noteholders in accordance with the Luxembourg law of 22 March 2004 on securitisation and are not assets of the LLP. The LLP, as parent of a small group, is exempt from the obligation to prepare consolidated accounts (ss. 398–399 Companies Act 2006 as applied to LLPs).

4	Debtors			2026		2025
£					£

	Trade debtors			-
	Other Debtors - Arkin Sport FCGB partnership			19,172		-
	Other Debtor - Advacne to Creditor " More then one year			30,410		-
	Other Debtor - Intra Company (Cortalis GP)			165,429		39
	Other Debtor - Intra Company (Cortalis S.r.l. GLI)			25,992
				241,003		39
	Amounts due from Arkin Sport FCGB of £19,172 were outstanding at the year end. The members have assessed the recoverability of this balance in accordance with FRS 102 Section 11 and, having considered the available information and circumstances existing at the reporting date, are satisfied that the amount is fully recoverable. Accordingly, no impairment provision has been recognised in respect of this balance.



5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			5,370		-
	Other creditors			86		-
	Accruals			1,200		588

				6,656		588


6	Loans and other debts due to members			2026		2025
£					£

	Loans from members			346,556		-

Contribution from Bordeaux en Commun SAS (EUR 400,000, received 28 March and 8 April 2025), translated at the closing rate of 0.86639: £346,556, falling due after more than one year. "the loan has no fixed repayment date and is repayable in accordance with the terms of the contribution agreement."



7	Other information

	ARKIN CAPITAL LLP is a limited liability partnership incorporated in England. Its registered office is:
	Carlyle House, 235-237
	Vauxhall bridge road
	London
	England
	SW1V1EJ