Registered No. OC417748 (England and Wales)
Hudson Universal UK LLP
Unaudited accounts
for the year ended 30 June 2024
Hudson Universal UK LLP
LLP Information
for the year ended 30 June 2024
Designated members
ASESORIAS E INVERSIONES JIC II SPA
Mr Alejandro Torrendell Cabral
Mr Roberto Yanuzzi Daniel De Anda
Maria Josefina G Etcheverry
Mr Enrique Santiago L C Rompani
TAMGUY UNIVERSAL S. DE R.L.
Vivian Conception B Trillo
Registered Number
OC417748 (England and Wales)
Registered Office
50 MEAD LANE
BUXTED
UCKFIELD
TN22 4AS
ENGLAND
Accountants
Fusion Partners LLP
50 Mead Lane
Buxted
East Sussex
TN22 4AS
Hudson Universal UK LLP
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
9,228
9,981
Net current assets
9,228
9,981
Net assets attributable to members
9,328
10,081
Loans and other debts due to members
12,217
12,217
Members' capital classified as equity
100
100
Other reserves
(2,989)
(2,236)
Loans and other debts due to members
12,217
12,217
Members' other interests
(2,889)
(2,136)
For the year ending 30 June 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 20 March 2025.
Mr Roberto Yanuzzi Daniel De Anda
Designated member
Limited Liability Partnership Registration No. OC417748
Hudson Universal UK LLP
Notes to the Accounts
for the year ended 30 June 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in $USD which is the functional currency of the entity
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Adjustment to prior year accounts
Previous accounts have treated distributions of as loans to members creating an unrealistic impression of the assets of the business as it suggested that there was undistributed profits and debts owed back to the LLP, which it is now felt is an unrealistic reflection of the true position.
We have made an adjustment in the accounts this year to more accurately reflect the true position of the LLP.
Hudson Universal UK LLP is a limited liability partnership, incorporated in England and Wales, registration number OC417748. Its registered office is 50 MEAD LANE, BUXTED, UCKFIELD, TN22 4AS, ENGLAND.
3
Investments
Other investments
Hudson Universal UK LLP
Notes to the Accounts
for the year ended 30 June 2024
4
Loans and other debts due to members
2024
2023
Loans from members
12,217
12,217
Amounts falling due within one year
12,217
12,217
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).