Disruptive Capital Finance LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC358623 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

FOR

DISRUPTIVE CAPITAL FINANCE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Disruptive Capital Limited

PSF Professional Services Limited

REGISTERED OFFICE:

Vestry House

Laurence Pountney Hill

London

EC4R 0EH

REGISTERED NUMBER:

OC358623 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

FIXED ASSETS

Investments

4

-

96,416

CURRENT ASSETS

Debtors

5

106

1,580,134

Cash at bank and in hand

8,945

39,512

9,051

1,619,646

CREDITORS

Amounts falling due within one year

6

(1,461

)

(205,035

)

NET CURRENT ASSETS

7,590

1,414,611

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

7,590

1,511,027

LOANS AND OTHER DEBTS DUE TO MEMBERS

7,590

1,511,027

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7,590

1,511,027

Amounts due from members

5

-

(1,419,475

)

7,590

91,552

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 31st March 2021.

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 applicable to LLPs subject to the small LLPs regime.

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 and authorised for issue on 20th December 2021 and were signed by:

PSF Professional Services Limited - Designated member

1.	STATUTORY INFORMATION

Disruptive Capital Finance 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The Directors have prepared the accounts on a going concern basis, although it is their intention to seek to dissolve the partnership within the next 12 months.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - 12 ).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2020

96,416

Disposals

(96,416

)

At 31st March 2021

-

NET BOOK VALUE

At 31st March 2021

-

At 31st March 2020

96,416

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

74,402

Other debtors

106

1,505,732

106

1,580,134

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

381

84,648

Taxation and social security

-

25,436

Other creditors

1,080

94,951

1,461

205,035

7.	ULTIMATE CONTROLLING PARTY

The LLP was under control of the designated members throughout the year.

The ultimate controlling party of the LLP is PSF Professional Services Limited.