Clareville Capital Partners LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC303295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CLAREVILLE CAPITAL PARTNERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D E Yarrow

R A Oury

REGISTERED OFFICE:

121 First Floor

Sloane Street

Sloane Square

London

SW1X 9BW

REGISTERED NUMBER:

OC303295 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

BANKERS:

Clydesdale Bank

Business Fulfilment Team

Bering House, Mariner Court

Clydebank Business Park

Clydebank

G81 2NR

SOLICITORS:

Simmons & Simmons

CityPoint

Ropemaker Street

EC2Y 9SS

CURRENT ASSETS

Debtors

4

238,245

465,812

Cash at bank and in hand

460,061

258,311

698,306

724,123

CREDITORS

Amounts falling due within one year

5

59,337

111,446

NET CURRENT ASSETS

638,969

612,677

TOTAL ASSETS LESS CURRENT
LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

638,969

612,677

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

218,045

191,753

MEMBERS' OTHER INTERESTS

Capital accounts

420,924

638,969

612,677

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

218,045

191,753

Members' other interests

420,924

Amounts due from members

4

-

(8,982

)

638,969

603,695

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2018.

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 have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 3 July 2018 and were signed by:

R A Oury - Designated member

1.	STATUTORY INFORMATION

Clareville Capital Partners 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 preparation of financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the historical cost convention in accordance with applicable

accounting standards and the requirements of the Statement of Recommended Practice "Accounting by Limited

Liability Partnerships"

Turnover

Turnover which is stated net of value added tax, represents management and performance fees receivable for

investment management services provided during the year and arising from continuing activities in the United

Kingdom. Management and performance fees are recognised when the LLP obtains the right to consideration in

exchange for its performance of services.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the

cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases

Leasehold property - over term of lease

Fixtures & fittings - over 4 years

Computer Equipment - over 3 years

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange

ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of ruling on the date of the transaction.

Exchange gains and losses are recognised in the profit and loss account.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does

not have any Other Financial Instruments as covered by Section 12 of FRS 102.

Taxation

No provision has been made for taxation in the financial statements. Each Member is exclusively liable for any tax

liabilities arising out of their interest in the LLP, which will be assessed on the individual Members and not the LLP.

Members profit allocations

Discretionary profit allocations are recognised when formally approved by the management committee. Allocations

made to members which are not considered discretionary are accrued as an expense to the profit and loss account.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

13,378

DEPRECIATION

At 1 April 2017

and 31 March 2018

13,378

NET BOOK VALUE

At 31 March 2018

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade debtors

205,317

426,232

Other debtors

32,928

39,580

238,245

465,812

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Bank loans and overdrafts

-

126

Trade creditors

-

69,943

Taxation and social security

38,304

32,377

Other creditors

21,033

9,000

59,337

111,446

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.18

31.3.17

£

Amounts owed to members in respect of profits

218,045

191,753

Falling due within one year

218,045

191,753

The amounts above rank as a creditor falling due within 1 year.

7.	RELATED PARTY DISCLOSURES

During the year, Clareville Capital Limited (a corporate member of the LLP) received a return on its capital

investment during the period of £41,632 (2017: £39,825). The total amounts due to/(from) Clareville Capital Limited

are dealt with as profit allocations and/or drawings and are reflected in the detailed partners' current accounts notes.

Clareville Capital Partners LLP - Accounts to registrar (filleted) - small 18.1

Clareville Capital Partners LLP - Accounts to registrar (filleted) - small 18.1