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REGISTERED NUMBER: OC347823 (England and Wales)










Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

H2GLENFERN REMUNERATION ADVISORY UK LLP

H2GLENFERN REMUNERATION ADVISORY UK LLP (Registered number: OC347823)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


H2GLENFERN REMUNERATION ADVISORY UK LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M Ansell
MRS C M Ansell





REGISTERED OFFICE: The Engine Room
Battersea Power Station
London
SW11 8BZ





REGISTERED NUMBER: OC347823 (England and Wales)





ACCOUNTANTS: Freshwater Associates Limited
1 Gemini Court
42a Throwley Way
Sutton
Surrey
SM1 4AF

H2GLENFERN REMUNERATION ADVISORY UK LLP (Registered number: OC347823)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of business consultancy services.

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

M Ansell
MRS C M Ansell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £475,449 (2023 - £NIL profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M Ansell - Designated member


26 November 2024

H2GLENFERN REMUNERATION ADVISORY UK LLP (Registered number: OC347823)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

REVENUE 612,270 -

Administrative expenses 138,914 -
OPERATING PROFIT 4 473,356 -

Interest receivable and
similar income

2,093

-
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




475,449




-

H2GLENFERN REMUNERATION ADVISORY UK LLP (Registered number: OC347823)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 3,117 490

CURRENT ASSETS
Debtors 6 76,940 -
Cash at bank 79,614 -
156,554 -
CREDITORS
Amounts falling due within one
year

7

34,871

-
NET CURRENT ASSETS 121,683 -
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

124,800

490

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

124,800

490

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

8

124,800

490

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 March 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.

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 26 November 2024 and were signed by:





M Ansell - Designated member

H2GLENFERN REMUNERATION ADVISORY UK LLP (Registered number: OC347823)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

H2GLENFERN REMUNERATION ADVISORY UK LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due.

Property, plant & equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,040 -

H2GLENFERN REMUNERATION ADVISORY UK LLP (Registered number: OC347823)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 400 1,666 2,066
Additions 1,085 3,072 4,157
Disposals (400 ) (1,666 ) (2,066 )
At 31 March 2024 1,085 3,072 4,157
DEPRECIATION
At 1 April 2023 305 1,271 1,576
Charge for year 272 768 1,040
Eliminated on disposal (305 ) (1,271 ) (1,576 )
At 31 March 2024 272 768 1,040
NET BOOK VALUE
At 31 March 2024 813 2,304 3,117
At 31 March 2023 95 395 490

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,468 -
Other debtors 1,472 -
76,940 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 28,526 -
Other creditors 6,345 -
34,871 -

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 124,800 490

Falling due within one year 124,800 490

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of members’ other interests.