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REGISTERED NUMBER: OC304842 (England and Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

HEMISPHERE CAPITAL LLP

HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Report of the Members 1

Report of the Accountants 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 30TH JUNE 2024

The members present their report with the financial statements of the LLP for the year ended 30th June 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

H J Killen
M U Rothman

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £34,464 (2023 - £42,887 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M U Rothman - Designated member


10th September 2024

HEMISPHERE CAPITAL LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
HEMISPHERE CAPITAL LLP


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2024 set out on pages three to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU


10th September 2024

HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH JUNE 2024

2024 2023
Notes £    £   

TURNOVER 52,588 55,144

Administrative expenses (18,124 ) (12,257 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





34,464





42,887

HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 811 1,158

CURRENT ASSETS
Debtors 6 2,555,697 2,554,443
Cash at bank 1,503 2,501
2,557,200 2,556,944
CREDITORS
Amounts falling due within one year 7 2,011 2,102
NET CURRENT ASSETS 2,555,189 2,554,842
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,556,000

2,556,000

LOANS AND OTHER DEBTS DUE
TO MEMBERS

8

2,556,000

2,556,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 2,556,000 2,556,000
Amounts due from members 6 (2,537,898 ) (2,543,770 )
18,102 12,230

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 30th June 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.

HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)

BALANCE SHEET - continued
30TH JUNE 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 10th September 2024 and were signed by:





M U Rothman - Designated member

HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Hemisphere Capital LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC304842

Registered office: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 347 232

HEMISPHERE CAPITAL LLP (REGISTERED NUMBER: OC304842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 5,850 1,389 7,239
DEPRECIATION
At 1st July 2023 5,849 232 6,081
Charge for year - 347 347
At 30th June 2024 5,849 579 6,428
NET BOOK VALUE
At 30th June 2024 1 810 811
At 30th June 2023 1 1,157 1,158

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,273 9,733
Amounts due from members 2,537,898 2,543,770
VAT 526 940
2,555,697 2,554,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 91
Accruals and deferred income 2,011 2,011
2,011 2,102

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.