UCAPITAL ASSET MANAGEMENT LLP

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis which assumes the LLP will continue in operational existence for at least 12 months from the date of approval of the financial statements. The LLP has made a loss in the current and prior year and, if receivables from members that originated based on the loss allocation are excluded, it has net current liabilities at the reporting date. Members' interest are negative as well as of 31 December 2023.. Sales has been decreasing both during the year ended 31 December 2023 and 31 December 2022. These conditions indicate the existence of material uncertainty in respect of the LLP's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -36.5%

  £1,844,128 → £1,170,319

  lowest in 4 filed years

• Cash

  -73.4%

  £202,429 → £53,873

  lowest in 5 filed years

• Net assets

  0%

  £654,201 → £654,201

• Employees

  0%

  2 → 2

• Operating profit

  +6.1%

  -£381,076 → -£357,847

• Profit before tax

  +6.1%

  -£381,076 → -£357,845

• Wages

  -33.2%

  £11,615 → £7,763

  lowest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. UCAPITAL ASSET MANAGEMENT LLP 2023-08-21 → present
2. PAIRSTECH CAPITAL MANAGEMENT LLP 2015-02-21 → 2023-08-21
3. PAIRS TECH CAPITAL MANAGEMENT LLP 2007-12-22 → 2015-02-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Parker Russell UK LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis which assumes the LLP will continue in operational existence for at least 12 months from the date of approval of the financial statements. The LLP has made a loss in the current and prior year and, if receivables from members that originated based on the loss allocation are excluded, it has net current liabilities at the reporting date. Members' interest are negative as well as of 31 December 2023.. Sales has been decreasing both during the year ended 31 December 2023 and 31 December 2022. These conditions indicate the existence of material uncertainty in respect of the LLP's ability to continue as a going concern.”

Significant events

• “There were no significant events since the end of the year until the date of the approval of this report.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.