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REGISTERED NUMBER: OC349843 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

WULSTAN CAPITAL UK OPPORTUNITIES LLP

WULSTAN CAPITAL UK OPPORTUNITIES LLP (REGISTERED NUMBER: OC349843)






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 LLP

GENERAL INFORMATION
for the year ended 5 April 2024







DESIGNATED MEMBERS: Ms A K J Allason
D F Chipping
Ms V J Crosthwaite
W M Mackean
Ms S M Monkland
Topmead Limited
Ms C H Tussaud
P N Tussaud
O R Wells





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





REGISTERED NUMBER: OC349843 (England and Wales)





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

WULSTAN CAPITAL UK OPPORTUNITIES LLP (REGISTERED NUMBER: OC349843)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,766,120 4,443,059

CURRENT ASSETS
Debtors 5 63,411 64,755
Cash at bank 75,467 28,269
138,878 93,024
CREDITORS
Amounts falling due within one year 6 105,722 72,738
NET CURRENT ASSETS 33,156 20,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,799,276

4,463,345

CREDITORS
Amounts falling due after more than one
year

7

1,804,026

1,769,664
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,995,250

2,693,681

WULSTAN CAPITAL UK OPPORTUNITIES LLP (REGISTERED NUMBER: OC349843)

BALANCE SHEET - continued
5 April 2024

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

8

-

457

MEMBERS' OTHER INTERESTS
Capital accounts 1,725,680 1,725,680
Revaluation reserve 9 269,570 967,544
1,995,250 2,693,681

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 457
Members' other interests 1,995,250 2,693,224
Amounts due from members 5 (48,958 ) (50,906 )
1,946,292 2,642,775

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 LLP (REGISTERED NUMBER: OC349843)

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

1. STATUTORY INFORMATION

Wulstan Capital UK Opportunities 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 4,443,059
Additions 21,035
Revaluations (697,974 )
At 5 April 2024 3,766,120
NET BOOK VALUE
At 5 April 2024 3,766,120
At 5 April 2023 4,443,059

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2013 83,677
Valuation in 2015 199,288
Valuation in 2016 198,595
Valuation in 2018 434,941
Valuation in 2021 54,125
Valuation in 2024 (697,974 )
Cost 3,493,468
3,766,120

WULSTAN CAPITAL UK OPPORTUNITIES LLP (REGISTERED NUMBER: OC349843)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,037 101
Other debtors 61,374 64,654
63,411 64,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 389 389
Taxation and social security 11,411 11,977
Other creditors 93,922 60,372
105,722 72,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,804,026 1,769,664

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members ' other interests'.

9. RESERVES
Revaluation
reserve
£   
At 6 April 2023 967,544
Revaluation during year (697,974 )
At 5 April 2024 269,570