REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
WIND 2 HOLDINGS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
WIND 2 HOLDINGS LLP |
WIND 2 HOLDINGS LLP (REGISTERED NUMBER: OC427237) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 5 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WIND 2 HOLDINGS LLP |
GENERAL INFORMATION |
for the year ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Davy Court |
Castle Mound Way |
Rugby, CV23 0UZ |
Magma Audit LLP is part |
Of the Dains Group |
WIND 2 HOLDINGS LLP (REGISTERED NUMBER: OC427237) |
BALANCE SHEET |
5 April 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
297,459 |
- |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
5 |
297,459 |
- |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 297,459 | - |
Amounts due from members | - | (1,553 | ) |
297,459 | (1,553 | ) |
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. |
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 Profit and Loss Account has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
WIND 2 HOLDINGS LLP (REGISTERED NUMBER: OC427237) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 5 April 2024 |
1. | STATUTORY INFORMATION |
Wind 2 Holdings LLP is registered in England and Wales. The registered office is Linden House, Unit 4 Mold Business Park, Wrexham Road, Mold, Flintshire, CH7 1XP and the registered number is OC427237. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in Sterling (£) and figures are rounded to the nearest £1. |
Taxation |
Taxation payable on LLP profits is the liability of individual members. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Members' participation rights |
Members participation rights are the rights of a member against the LLP that arise under the member's |
agreement. |
The income and losses of the LLP shall be divided between the Members in the agreed proportions and credited to the Members' Current Accounts as soon as the annual accounts for the relevant accounting year of the LLP are approved in accordance with the member's agreement. |
After the share of net profits or losses has been credited to a Current Account, each Member may draw on account of their share of profits such sum and on such dates as agreed in accordance with the member's agreement, after provision has been made for sufficient money to be set aside to meet outstanding and expected liabilities, and after retention of any portion of the profits. |
If any Member withdraws funds in excess of their profit share for an accounting year, that Member shall repay |
the excess drawings to the LLP immediately. |
Each Member shall have a Current Account, to which shall be credited any income profit share to which each are entitled and any other sums of a current nature, and to which shall be debited any drawings. |
Each Member shall have a Capital Account, to which their respective capital contributions shall be credited. Where a Member contributes capital to the LLP, no Member is entitled to receive interest on the amount of his or her proportion of the capital contributions to the LLP unless this is approved in accordance with the member's agreement. |
Fixed asset investments |
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and |
subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
WIND 2 HOLDINGS LLP (REGISTERED NUMBER: OC427237) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 5 April 2024 |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank behind other unsecured creditors. |