New Holland Wind LLP SO305067 false 2021-07-01 2022-06-30 2022-06-30 The principal activity of the company is renewable energy generation. Digita Accounts Production Advanced 6.30.9574.0 true SO305067 2021-07-01 2022-06-30 SO305067 2022-06-30 SO305067 core:CurrentFinancialInstruments 2022-06-30 SO305067 core:WithinOneYear 2022-06-30 SO305067 core:PlantMachinery 2022-06-30 SO305067 bus:SmallEntities 2021-07-01 2022-06-30 SO305067 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 SO305067 bus:FullAccounts 2021-07-01 2022-06-30 SO305067 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 SO305067 bus:RegisteredOffice 2021-07-01 2022-06-30 SO305067 bus:PartnerLLP1 2021-07-01 2022-06-30 SO305067 bus:PartnerLLP2 2021-07-01 2022-06-30 SO305067 bus:PartnerLLP3 2021-07-01 2022-06-30 SO305067 bus:LimitedLiabilityPartnershipLLP 2021-07-01 2022-06-30 SO305067 core:PlantMachinery 2021-07-01 2022-06-30 SO305067 countries:AllCountries 2021-07-01 2022-06-30 SO305067 2021-06-30 SO305067 core:PlantMachinery 2021-06-30 SO305067 2020-07-01 2021-06-30 SO305067 2021-06-30 SO305067 core:CurrentFinancialInstruments 2021-06-30 SO305067 core:WithinOneYear 2021-06-30 SO305067 core:PlantMachinery 2021-06-30 iso4217:GBP xbrli:pure

Registration number: SO305067

New Holland Wind LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2022

 

New Holland Wind LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 6

Balance Sheet

2

Notes to the Financial Statements

4

 

New Holland Wind LLP

Limited liability partnership information

Designated members

Mrs Elizabeth Bown

A P Bown Partnership

Mr Anthony Bown
 

Registered office

New Holland
Holm
Orkney
KW17 2SA

Principal place of business

New Holland
Holm
Orkney
KW17 2SA

Accountants

Gray Associates
Ridgeways
Back Road
Stromness
Orkney
KW16 3DS

 

New Holland Wind LLP

(Registration number: SO305067)
Balance Sheet as at 30 June 2022

Note

2022
 £

2021
 £

Fixed assets

 

Tangible assets

3

701,191

758,436

Current assets

 

Debtors

71,417

111,583

Cash and short-term deposits

 

15,288

9,569

 

86,705

121,152

Creditors: Amounts falling due within one year

5

(11,262)

(5,464)

Net current assets

 

75,443

115,688

Net assets attributable to members

 

776,634

874,124

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

776,634

874,124

   

776,634

874,124

Total members' interests

 

Loans and other debts due to members

 

776,634

874,124

   

776,634

874,124

For the year ending 30 June 2022 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

New Holland Wind LLP

(Registration number: SO305067)
Balance Sheet as at 30 June 2022 (continued)

The financial statements of New Holland Wind LLP (registered number SO305067) were approved by the Board and authorised for issue on 22 August 2022. They were signed on behalf of the limited liability partnership by:

.........................................
Mrs Elizabeth Bown
Designated member

.........................................
Mr Anthony Bown
Designated member

 

New Holland Wind LLP

Notes to the Financial Statements for the Year Ended 30 June 2022

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in Scotland under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of New Holland Wind LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

New Holland Wind LLP

Notes to the Financial Statements for the Year Ended 30 June 2022 (continued)

1

Accounting policies (continued)

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

Striaghtline - 5%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2021 - 2).

 

New Holland Wind LLP

Notes to the Financial Statements for the Year Ended 30 June 2022 (continued)

3

Tangible fixed assets

Plant and machinery
£

Total
£

Cost

At 1 July 2021

1,138,517

1,138,517

At 30 June 2022

1,138,517

1,138,517

Depreciation

At 1 July 2021

380,081

380,081

Charge for the year

57,245

57,245

At 30 June 2022

437,326

437,326

Net book value

At 30 June 2022

701,191

701,191

At 30 June 2021

758,436

758,436

4

Debtors

2022
 £

2021
 £

Other debtors

58,836

98,123

Prepayments and accrued income

12,581

13,460

Total current trade and other debtors

71,417

111,583

5

Creditors: Amounts falling due within one year

2022
 £

2021
 £

Accruals and deferred income

6,138

4,898

Taxation and social security

5,124

566

11,262

5,464