KERSLEY STREET CAPITAL LLP

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which explains that the members intend to wind down the operations of the LLP and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  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

  +54.3%

  £5,711,290 → £8,812,509

  highest in 3 filed years

• Cash

  -3.8%

  £3,111,062 → £2,991,331

• Net assets

  +74.7%

  £3,622,637 → £6,330,219

  highest in 3 filed years

• Employees

  0%

  2 → 2

• Operating profit

  +106.9%

  £3,475,671 → £7,190,837

  highest in 3 filed years

• Profit before tax

  +105.7%

  £3,507,637 → £7,215,219

• Wages

  +30%

  £273,000 → £355,000

  highest in 3 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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which explains that the members intend to wind down the operations of the LLP and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2.”

Significant events

• “Following the year-end, the process was started to liquidate the LLP's main AIF. Upon completion of this, it is the current intention of the members to wind down the operations of the LLP and cease trading although there is a small chance for the LLP to keep going.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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