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REGISTERED NUMBER: OC389733 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

WOODHILL ASSET MANAGEMENT LLP

WOODHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC389733)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOODHILL ASSET MANAGEMENT LLP

General Information
for the year ended 30 September 2024







DESIGNATED MEMBERS: M L Bedford
P Wood





REGISTERED OFFICE: 9 Laggan Gardens
Bath
BA1 5RX





REGISTERED NUMBER: OC389733 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

WOODHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC389733)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,776 884

CURRENT ASSETS
Debtors 5 33,858 30,221
Cash at bank 127,840 75,762
161,698 105,983
CREDITORS
Amounts falling due within one year 6 7,480 3,400
NET CURRENT ASSETS 154,218 102,583
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

155,994

103,467

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

155,994

103,467

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 155,994 103,467

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 28 March 2025 and were signed by:





M L Bedford - Designated member

WOODHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC389733)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

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

Turnover is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 33% on cost
Computer equipment - 20% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

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.

Benefits received and receivable as an incentive to sign the operating lease are recognised on a straight line basis over the period until the date the rent is expected to the prevailing market rate.

3. EMPLOYEE INFORMATION

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

WOODHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC389733)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 October 2023 3,199 10,908 14,107
Additions - 2,195 2,195
Disposals - (8,555 ) (8,555 )
At 30 September 2024 3,199 4,548 7,747
DEPRECIATION
At 1 October 2023 3,199 10,024 13,223
Charge for year - 1,094 1,094
Eliminated on disposal - (8,346 ) (8,346 )
At 30 September 2024 3,199 2,772 5,971
NET BOOK VALUE
At 30 September 2024 - 1,776 1,776
At 30 September 2023 - 884 884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,297 21,531
Other debtors 8,561 8,690
33,858 30,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 480 -
Other creditors 7,000 3,400
7,480 3,400

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members 10,000 10,000
Amounts owed to members in respect of profits 145,994 93,467
155,994 103,467

Falling due within one year 155,994 103,467

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

WOODHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC389733)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards Bsc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd