| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 September 2024 |
| for |
| WOODHILL ASSET MANAGEMENT LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| Office equipment | - |
| Computer equipment | - |
| 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 - |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 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. |
| for and on behalf of |