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REGISTERED NUMBER: OC389320 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP

WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP (REGISTERED NUMBER: OC389320)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP

GENERAL INFORMATION
for the year ended 5 April 2024







DESIGNATED MEMBERS: D F Chipping
R E Jones
I Martin
Ms S M Monkland
O R Wells





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: OC389320 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP (REGISTERED NUMBER: OC389320)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,461,988 2,010,172

CURRENT ASSETS
Debtors 5 9,227 4,857
Cash at bank 42,197 37,220
51,424 42,077
CREDITORS
Amounts falling due within one year 6 49,484 53,622
NET CURRENT ASSETS/(LIABILITIES) 1,940 (11,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,463,928

1,998,627

CREDITORS
Amounts falling due after more than one
year

7

474,770

726,559
NET ASSETS ATTRIBUTABLE TO
MEMBERS

989,158

1,272,068

WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP (REGISTERED NUMBER: OC389320)

BALANCE SHEET - continued
5 April 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 905,274 905,274
Revaluation reserve 8 83,884 366,794
989,158 1,272,068

TOTAL MEMBERS' INTERESTS
Members' other interests 989,158 1,272,068
Amounts due from members 5 (3,513 ) (835 )
985,645 1,271,233

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 5 April 2024.

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 18 July 2024 and were signed by:





R E Jones - Designated member

WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP (REGISTERED NUMBER: OC389320)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2024

1. STATUTORY INFORMATION

Wulstan Capital Uk Opportunities (No 2) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 2,010,172
Additions 8,117
Disposals (425,455 )
Revaluations (130,846 )
At 5 April 2024 1,461,988
NET BOOK VALUE
At 5 April 2024 1,461,988
At 5 April 2023 2,010,172

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2017 37,491
Valuation in 2018 77,860
Valuation in 2020 106,674
Valuation in 2021 (5,955 )
Valuation in 2024 (130,838 )
Cost 1,376,756
1,461,988

WULSTAN CAPITAL UK OPPORTUNITIES (NO 2)
LLP (REGISTERED NUMBER: OC389320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,227 4,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,092 33,092
Taxation and social security 2,946 4,361
Other creditors 13,446 16,169
49,484 53,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 474,770 726,559

8. RESERVES
Revaluation
reserve
£   
At 6 April 2023 366,794
Revaluation during year (130,846 )
Disposal (152,064 )
At 5 April 2024 83,884