Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.02023-01-01true0falseNo description of principal activityfalse OC421872 2023-01-01 2023-12-31 OC421872 2022-01-01 2022-12-31 OC421872 2023-12-31 OC421872 2022-12-31 OC421872 c:CurrentFinancialInstruments 2023-12-31 OC421872 c:CurrentFinancialInstruments 2022-12-31 OC421872 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC421872 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC421872 d:FRS102 2023-01-01 2023-12-31 OC421872 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC421872 d:FullAccounts 2023-01-01 2023-12-31 OC421872 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC421872 6 2023-01-01 2023-12-31 OC421872 d:PartnerLLP6 2023-01-01 2023-12-31 OC421872 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC421872 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 OC421872 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC421872 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC421872 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















WWS Partners LLP























Unaudited

Financial statements



for the year ended 31 December 2023



Registered number: OC421872

 
WWS Partners LLP - Registered number:OC421872


Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,500,002
1,500,002

  
1,500,002
1,500,002

Current assets
  

Debtors: amounts falling due within one year
 5 
18,577,229
11,075,187

Cash at bank and in hand
  
1,462,658
326,751

  
20,039,887
11,401,938

Creditors: amounts falling due within one year
 6 
(8,645,863)
(5,354,437)

Net current assets
  
 
 
11,394,024
 
 
6,047,501

Total assets less current liabilities
  
12,894,026
7,547,503

  

Net assets
  
12,894,026
7,547,503


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
12,944,281
7,586,892

  
12,944,281
7,586,892

Members' other interests
  

Other reserves classified as equity
  
(50,255)
(39,389)

  
 
(50,255)
 
(39,389)

  
12,894,026
7,547,503


Total members' interests
  

Loans and other debts due to members
 7 
12,944,281
7,586,892

Members' other interests
  
(50,255)
(39,389)

  
12,894,026
7,547,503


Page 1

 
WWS Partners LLP - Registered number:OC421872


Statement of financial position (continued)
As at 31 December 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
G Rubinstein on behalf of NUR Wind Assets (2019) – Limited Partnership
Designated member

Date: 26 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WWS Partners LLP
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The LLP is a limited liability partnership incorporated in England and Wales. The registered office is 130 Wood Street, London, EC2V 6DL and the registration number is OC421872. The principal place of business address is Muirhall Farm Auchengray, Carnwath, Lanark, South Lanarkshire, ML11 8LL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The LLP, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006
and the parent and group are considered eligible for the exemption to prepare consolidated accounts. These
financial statements therefore present information about the LLP as an individual undertaking and not about
its group.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties,
loans to related parties and investments in ordinary shares.

Page 3

 
WWS Partners LLP
 
 

Notes to the financial statements
For the year ended 31 December 2023

3.


Employees

The entity has no employees (2022: 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023
1,500,002



At 31 December 2023
1,500,002





5.


Debtors: amounts falling due within one year

2023
2022
£
£


Other debtors
18,577,229
11,075,187

18,577,229
11,075,187



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
7,010
3,300

Other creditors
8,629,515
5,340,805

Accruals
9,338
10,332

8,645,863
5,354,437


Page 4

 
WWS Partners LLP
 
 

Notes to the financial statements
For the year ended 31 December 2023

7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(12,944,281)
(7,586,892)

(12,944,281)
(7,586,892)

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
(12,944,281)
(7,586,892)

(12,944,281)
(7,586,892)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


8.


Related party transactions

At the balance sheet date, the following balances existed with related parties:
a) A total of £149,950 (2022: £149,950) was owed from Muirhall 1901 Limited, an associated company, by way of an interest free loan.
b) A total of £3,352,392 (2022: £3,352,392) was owed from Muirhall 1902 Limited, an associated company, by way of an interest free loan.
c) A total of £300,000 (2022: £300,000) was owed from MH WWS Limited which has a partnership interest, by way of an interest free loan.
d) A total of £8,629,515 (2022: £5,340,805) was owed to Aveeram Wind Limited, by way of an interest free loan.
e) A total of £11,865,605 (2022: £6,873,526) was owed to, A Geler, a member of the LLP, by way of an interest free loan.
f) A total of £1,078,676 (2022: £713,366) was owed to, I Reich, one of the designated members of the LLP, by way of an interest free loan.
g) A total of £6,517,207 (2022: £3,853,845) was owed from MH WWS LLP which has a partnership interest, by way of an interest free loan.
h) A total of £8,247,679 (2022: £3,419,000) was owed from Murihall Energy Limited which has a partnership interest, by way of an interest free loan.

Page 5