Registration number:
H2O Solutions Europe LLP
for the Year Ended 31 March 2025
H2O Solutions Europe LLP
Contents
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
H2O Solutions Europe LLP
(Registration number: OC338620)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets/(liabilities) attributable to members |
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( |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
108,823 |
(76,757) |
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108,823 |
(76,757) |
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Total members' interests |
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Loans and other debts due to members |
108,823 |
(76,757) |
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108,823 |
(76,757) |
For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of H2O Solutions Europe LLP (registered number OC338620) were approved by the
H2O Solutions Europe LLP
(Registration number: OC338620)
Balance Sheet as at 31 March 2025
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H2O Solutions Europe LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of H2O Solutions Europe LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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Asset class |
Depreciation method and rate |
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Plant and Machinery |
20% Straight Line |
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Office Equipment |
15% Reducing Balance |
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Computer Equipment |
25% Straight Line |
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Motor Vehicles |
20% Reducing Balance |
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.
H2O Solutions Europe LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Members' interests
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
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Tangible fixed assets |
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Motor vehicles |
Office equipment |
Total |
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Cost |
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At 1 April 2024 |
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Disposals |
( |
( |
( |
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At 31 March 2025 |
- |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
- |
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Eliminated on disposals |
( |
( |
( |
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At 31 March 2025 |
- |
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Net book value |
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At 31 March 2025 |
- |
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At 31 March 2024 |
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Stocks |
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2025 |
2024 |
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Stocks |
- |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Total current trade and other debtors |
23,292 |
34,850 |
H2O Solutions Europe LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
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Creditors: Amounts falling due within one year |
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2025 |
2024 |
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Trade creditors |
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Other creditors |
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Accruals and deferred income |
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Taxation and social security |
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Creditors: Amounts falling due after more than one year |
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2025 |
2024 |
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Other creditors |
- |
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.