New Holland Wind LLP SO305067 false 2023-07-01 2024-03-31 2024-03-31 The principal activity of the company is renewable energy generation. Digita Accounts Production Advanced 6.30.9574.0 true SO305067 2023-07-01 2024-03-31 SO305067 2024-03-31 SO305067 core:CurrentFinancialInstruments 2024-03-31 SO305067 core:WithinOneYear 2024-03-31 SO305067 core:PlantMachinery 2024-03-31 SO305067 bus:SmallEntities 2023-07-01 2024-03-31 SO305067 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-03-31 SO305067 bus:FilletedAccounts 2023-07-01 2024-03-31 SO305067 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 SO305067 bus:RegisteredOffice 2023-07-01 2024-03-31 SO305067 bus:PartnerLLP1 2023-07-01 2024-03-31 SO305067 bus:PartnerLLP2 2023-07-01 2024-03-31 SO305067 bus:PartnerLLP3 2023-07-01 2024-03-31 SO305067 bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 SO305067 core:PlantMachinery 2023-07-01 2024-03-31 SO305067 countries:AllCountries 2023-07-01 2024-03-31 SO305067 2023-06-30 SO305067 core:PlantMachinery 2023-06-30 SO305067 2022-07-01 2023-06-30 SO305067 2023-06-30 SO305067 core:CurrentFinancialInstruments 2023-06-30 SO305067 core:WithinOneYear 2023-06-30 SO305067 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure

Registration number: SO305067

New Holland Wind LLP

Annual Report and Unaudited Financial Statements

for the period from 1 July 2023 to 31 March 2024

 

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 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

601,251

643,945

Current assets

 

Debtors

4

122,869

13,624

Cash and short-term deposits

 

59,890

27,532

 

182,759

41,156

Creditors: Amounts falling due within one year

5

(11,533)

(9,518)

Net current assets

 

171,226

31,638

Net assets attributable to members

 

772,477

675,583

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

772,477

675,583

   

772,477

675,583

Total members' interests

 

Loans and other debts due to members

 

772,477

675,583

   

772,477

675,583

For the year ending 31 March 2024 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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

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.

The financial statements of New Holland Wind LLP (registered number SO305067) were approved by the Board and authorised for issue on 15 August 2024. They were signed on behalf of the limited liability partnership by:

 

New Holland Wind LLP

(Registration number: SO305067)
Balance Sheet as at 31 March 2024

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

 

New Holland Wind LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 March 2024

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.

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

 

New Holland Wind LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 March 2024

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 period was 2 (2023 - 2).

 

New Holland Wind LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 March 2024

3

Tangible fixed assets

Plant and machinery
 £

Total
£

Cost

At 1 July 2023

1,138,517

1,138,517

At 31 March 2024

1,138,517

1,138,517

Depreciation

At 1 July 2023

494,572

494,572

Charge for the year

42,694

42,694

At 31 March 2024

537,266

537,266

Net book value

At 31 March 2024

601,251

601,251

At 30 June 2023

643,945

643,945

4

Debtors

2024
£

2023
£

Other debtors

122,019

13,624

Prepayments and accrued income

850

-

Total current trade and other debtors

122,869

13,624

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

6,348

8,589

Taxation and social security

5,185

929

11,533

9,518