| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| FOR |
| ADDIDI ANGELS 2 LLP |
| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| FOR |
| ADDIDI ANGELS 2 LLP |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Income Statement | 4 |
| Other Comprehensive Income | 5 |
| Balance Sheet | 6 |
| Reconciliation of Members' Interests | 8 |
| Notes to the Financial Statements | 10 |
| ADDIDI ANGELS 2 LLP |
| GENERAL INFORMATION |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 40 High Street |
| Northwood |
| Middlesex |
| HA6 1BN |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| REPORT OF THE MEMBERS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| The members present their report with the financial statements of the LLP for the period 1 April 2023 to 30 September 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the period under review was that of investment in private unquoted companies. |
| DESIGNATED MEMBERS |
| The designated members during the period under review were: |
| RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
| The loss for the period before members' remuneration and profit shares was £173,040 (2023 - £1,200 loss). |
| MEMBERS' INTERESTS |
| Profits are determined, allocated and divided between members after the finalisation of the accounts. Prior to allocation of profits and their division between members, drawings are included as "amounts due from members" within debtors. Unallocated profits are included within equity as "members' other interests". |
| The agreement between the members requires each member to make a contribution of £20,000. In the event of death or retirement of a member, no payment of capital will be made until all the investments have made and realised in accordance with this agreement and only when profits are distributed to the members will a payment be made in respect of their share. |
| STATEMENT OF MEMBERS' RESPONSIBILITIES |
| The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
| Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| REPORT OF THE MEMBERS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| STATEMENT OF MEMBERS' RESPONSIBILITIES - continued |
| The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| ON BEHALF OF THE MEMBERS: |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| INCOME STATEMENT |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| Period |
| 1/4/23 |
| to | Year ended |
| 30/9/24 | 31/3/23 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING LOSS | ( |
) | ( |
) |
| Profit/loss on disposal of fixed asset investments |
4 |
| (75,700 | ) | (1,200 | ) |
| Amounts written off investments | 97,340 | - |
| LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| OTHER COMPREHENSIVE INCOME |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| Period |
| 1/4/23 |
| to | Year ended |
| 30/9/24 | 31/3/23 |
| Notes | £ | £ |
| LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
( |
) |
( |
) |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors |
| 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 |
340,310 |
340,110 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 340,310 | 340,110 |
| 340,310 | 340,110 |
| TOTAL MEMBERS' INTERESTS |
| Members' other interests | 340,310 | 340,110 |
| Amounts due from members | (340,278 | ) | (167,238 | ) |
| 32 | 172,872 |
| 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. |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| RECONCILIATION OF MEMBERS' INTERESTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Other |
| equity) | reserves | Total |
| £ | £ | £ |
| Balance at 1 April 2023 | 340,110 | - | 340,110 |
| Loss for the financial period available for discretionary division among members |
- |
(173,040 |
) |
(173,040 |
) |
| Members' interests after loss for the period | 340,110 | (173,040 | ) | 167,070 |
| Other divisions of loss | - | 173,040 | 173,040 |
| Introduced by members | 200 | - | 200 |
| Balance at 30 September 2024 | 340,310 | - | 340,310 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | - |
| Amount due from members | (167,238 | ) |
| Balance at 1 April 2023 | (167,238 | ) | 172,872 |
| Loss for the financial period available for discretionary division among members |
- |
(173,040 |
) |
| Members' interests after loss for the period | (167,238 | ) | (168 | ) |
| Other divisions of loss | (173,040 | ) | - |
| Introduced by members | - | 200 |
| Amount due to members | - |
| Amount due from members | (340,278 | ) |
| Balance at 30 September 2024 | (340,278 | ) | 32 |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| RECONCILIATION OF MEMBERS' INTERESTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Other |
| equity) | reserves | Total |
| £ | £ | £ |
| Balance at 1 April 2022 | 339,110 | - | 339,110 |
| Loss for the financial period available for discretionary division among members |
- |
(1,200 |
) |
(1,200 |
) |
| Members' interests after loss for the period | 339,110 | (1,200 | ) | 337,910 |
| Other divisions of loss | - | 1,200 | 1,200 |
| Introduced by members | 1,000 | - | 1,000 |
| Balance at 31 March 2023 | 340,110 | - | 340,110 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | - |
| Amount due from members | (166,038 | ) |
| Balance at 1 April 2022 | (166,038 | ) | 173,072 |
| Loss for the financial period available for discretionary division among members |
- |
(1,200 |
) |
| Members' interests after loss for the period | (166,038 | ) | 171,872 |
| Other divisions of loss | (1,200 | ) | - |
| Introduced by members | - | 1,000 |
| Amount due to members | - |
| Amount due from members | (167,238 | ) |
| Balance at 31 March 2023 | (167,238 | ) | 172,872 |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Addidi Angels 2 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 |
| Investments |
| Investments held as fixed assets are stated at cost less provision for any impairment. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the period was NIL (2023 - NIL). |
| 4. | EXCEPTIONAL ITEMS |
| Period |
| 1/4/23 |
| to | Year ended |
| 30/9/24 | 31/3/23 |
| £ | £ |
| Profit/loss on disposal of fixed asset investments |
( |
) |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2023 |
| Disposals | ( |
) |
| Impairments | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 March 2023 |
| ADDIDI ANGELS 2 LLP (REGISTERED NUMBER: OC361362) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Accruals and deferred income |