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Unaudited
financial statement
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for the period from 16 January 2025 to 31 March 2026
Registered number: OC455174
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Brabus capital LLP - Registered number:OC455174
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Statement of financial position
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Loans and other debts due to members within one year
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Members' capital classified as equity
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Other reserves classified as equity
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Amounts due from members (included in debtors)
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Brabus capital LLP - Registered number:OC455174
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Statement of financial position (continued)
As at 31 March 2026
The members consider that the LLP is entitled to exemption from the requirement to have an audit under the
provision of section 477 of the Companies Act 2006 ("the Act"), as applied by The Limited Liability Partnerships
(Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act
2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small LLPs regime and in accordance with the provisions of FRS102 Section 1A - small entities.
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 by:
The notes on pages 4 to 8 form part of these financial statements.
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Reconciliation of members' interests
for the period from 16 January 2025 to 31 March 2026
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EQUITY
Members' other interests
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DEBT
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as equity)
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Balance at 15 January 2025
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Profit for the period available for discretionary division among members
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Members' interests after profit for the period
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Amounts introduced by members
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The notes on pages 4 to 8 form part of these financial statements.
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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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Notes to the financial statements
for the period from 16 January 2025 to 31 March 2026
Brabus Capital LLP is a limited liability partnership incorporated in England and Wales with the registration
number OC455174. The registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX and principal place of business is 35 Grosvenor Street, London, W1K 4QX.
2.Significant 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 requirements 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 financial statements are prepared in Pound Sterling (£) which is also the functional currency of
the LLP.
The following principal accounting policies have been applied consistently throughout the period:
After reviewing the forecasts and projections the members have reasonable expectations that the
LLP has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the members consider it appropriate to prepare the financial statements on a going
concern basis.
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:
Administration expenses are accounted for on accrual basis.
The taxation payable on the LLP's profits is the personal liability of the members and consequently
neither taxation nor related deferred taxation are accounted for in the financial statements. Amounts
retained for tax are treated in the same way as other profits of the LLP and are included in 'Members'
interests' or in 'Loans and other debts due to members' depending on whether or not division of
profits has occurred.
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Notes to the financial statements
for the period from 16 January 2025 to 31 March 2026
2.Significant accounting policies (continued)
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Foreign currency translation
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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. Nonmonetary 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 the Statement of comprehensive income.
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 gain's and losses are presented in the Statement of comprehensive
income within administrative expenses.
Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment for bad and doubtful
debts.
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Cash and cash equivalents
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Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with financial
institutions repayable without penalty on notice and other short term highly liquid investments with
original maturity of 3 months or less and bank overdrafts.
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Notes to the financial statements
for the period from 16 January 2025 to 31 March 2026
2.Significant accounting policies (continued)
Short-term creditors are measured at the transaction price.
The LLP only enters into transactions that result in the recognition of basic financial instruments like
trade debtors, creditors and loans to related parties.
Debt instruments, are initially measured at present value of the future payments and subsequently at
amortised cost using the effective interest method. Debt instruments that are payable or receivable
within one year, typically creditors or debtors, are measured, initially and subsequently, at the
undiscounted amount of the cash or other consideration, expected to be paid or received. However if
the arrangements of a short-term instrument constitute a financing transaction, like the payment of a
trade debt deferred beyond normal business terms or financed at a rate of interest that is not a
market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability
is measured, initially and subsequently, at the present value of the future payment discounted at a
market rate of interest for a similar debt instrument.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the
asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate
for measuring any impairment loss is the current effective interest rate determined under the
contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is
an approximation of the amount that the LLP would receive for the asset if it were to be sold at the
reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial
position when there is an 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.
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Members capital (classified as equity)
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Members' capital represents the value of capital contributed by the members.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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In the application of the LLP's accounting policies, which are described in note 2, the members are
required to make judgments, estimates and assumptions which affect the amounts reported for assets
and liabilities as at the year-end date and amounts reported for revenues and expenses during the year.
The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. However, the nature of estimation means that actual outcomes could differ
from those estimates.
There were no significant estimates or judgements made in the period.
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Notes to the financial statements
for the period from 16 January 2025 to 31 March 2026
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The LLP had no employees during the period.
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Debtors : amounts falling due within one year
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Prepayments and accrued income
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Cash and cash equivalents
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Notes to the financial statements
for the period from 16 January 2025 to 31 March 2026
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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