REGISTERED NUMBER: |
Devonshire Warwick Capital LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 28th February 2023 |
REGISTERED NUMBER: |
Devonshire Warwick Capital LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 28th February 2023 |
Devonshire Warwick Capital LLP (Registered number: OC398053) |
Contents of the Financial Statements |
for the Year Ended 28th February 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Statement of Financial Position | 4 |
Notes to the Financial Statements | 5 |
Devonshire Warwick Capital LLP |
General Information |
for the Year Ended 28th February 2023 |
Designated members: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Devonshire Warwick Capital LLP (Registered number: OC398053) |
Report of the Members |
for the Year Ended 28th February 2023 |
The members present their report with the financial statements of the LLP for the year ended 28th February 2023. |
Principal activity |
The principle activity of the partnership during the year was that of fundraising for hedge funds. |
Designated members |
The designated members during the year under review were: |
Results for the year and allocation to members |
The profit for the year before members' remuneration and profit shares was £23,521 (2022 - £23,470 profit). |
Members' interests |
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. |
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members. |
On behalf of the members: |
Devonshire Warwick Capital LLP (Registered number: OC398053) |
Income Statement |
for the Year Ended 28th February 2023 |
2023 | 2022 |
Notes | £ | £ |
Turnover |
Cost of sales |
Gross profit |
Administrative expenses |
Operating profit | 4 |
Interest payable and similar expenses |
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
Devonshire Warwick Capital LLP (Registered number: OC398053) |
Statement of Financial Position |
28th February 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
and |
Net assets attributable to members | 17,092 | 28,538 |
Loans and other debts due to members |
8 |
17,092 |
28,538 |
Total members' interests |
Loans and other debts due to members | 8 | 17,092 | 28,538 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Devonshire Warwick Capital LLP (Registered number: OC398053) |
Notes to the Financial Statements |
for the Year Ended 28th February 2023 |
1. | Statutory information |
Devonshire Warwick Capital LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Foreign currencies |
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the report date, with any gains or losses being taken to the profit and loss account. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | Employee information |
The average number of employees during the year was |
4. | Operating profit |
The operating profit is stated after charging: |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
Devonshire Warwick Capital LLP (Registered number: OC398053) |
Notes to the Financial Statements - continued |
for the Year Ended 28th February 2023 |
5. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1st March 2022 |
Additions |
At 28th February 2023 |
Depreciation |
At 1st March 2022 |
Charge for year |
At 28th February 2023 |
Net book value |
At 28th February 2023 |
At 28th February 2022 |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other creditors |
8. | Loans and other debts due to members |
In the event of winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |