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REGISTERED NUMBER: OC358620 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HYDWIND LLP

HYDWIND LLP (REGISTERED NUMBER: OC358620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HYDWIND LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







Designated members: Johnny Bass LLC
Alvarium Investment Managers (Suisse) SA
D21 Holdings S.P.A.





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: OC358620 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

HYDWIND LLP (REGISTERED NUMBER: OC358620)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes €    €   
FIXED ASSETS
Investments 4 455,333 873,722

CURRENT ASSETS
Debtors 5 281,750 67,281

CREDITORS
Amounts falling due within one year 6 (2,735 ) (44,056 )
NET CURRENT ASSETS 279,015 23,225
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

734,348

896,947

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

734,348

896,947

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 734,348 896,947
Amounts due from members 5 (278,194 ) (63,611 )
456,154 833,336

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 31 October 2023.

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 11 October 2024 and were signed by:





Johnny Bass LLC - Designated member

HYDWIND LLP (REGISTERED NUMBER: OC358620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Hydwind 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 company's functional and presentational currency is Euro and the financial statements have been rounded to the nearest Euro (€).

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Investments are recorded at market value. Gains and losses are recognised in profit or loss at each balance sheet date.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

HYDWIND LLP (REGISTERED NUMBER: OC358620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. FIXED ASSET INVESTMENTS
Unlisted
investments
€   
Cost or valuation
At 1 November 2022 873,722
Revaluations (418,389 )
At 31 October 2023 455,333
Net book value
At 31 October 2023 455,333
At 31 October 2022 873,722

Cost or valuation at 31 October 2023 is represented by:

Unlisted
investments
€   
Valuation in 2023 455,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
€    €   
Other debtors 281,750 67,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
€    €   
Other creditors 2,735 44,056

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/10/23 31/10/22
€    €   
Amounts owed to members in respect of profits 734,348 896,947

Falling due within one year 734,348 896,947