1 false false false false false false false false false false false false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 5,591 3,697 1,292 4,989 602 1,894 xbrli:pure xbrli:shares iso4217:GBP OC424180 2024-01-01 2025-03-31 OC424180 2025-03-31 OC424180 2023-12-31 OC424180 2023-01-01 2023-12-31 OC424180 2023-12-31 OC424180 2022-12-31 OC424180 bus:Director1 2024-01-01 2025-03-31 OC424180 core:WithinOneYear 2025-03-31 OC424180 core:WithinOneYear 2023-12-31 OC424180 bus:SmallEntities 2024-01-01 2025-03-31 OC424180 bus:AuditExemptWithAccountantsReport 2024-01-01 2025-03-31 OC424180 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-03-31 OC424180 bus:LimitedLiabilityPartnershipLLP 2024-01-01 2025-03-31 OC424180 bus:FullAccounts 2024-01-01 2025-03-31 OC424180 core:ComputerEquipment 2024-01-01 2025-03-31 OC424180 core:ComputerEquipment 2025-03-31 OC424180 core:ComputerEquipment 2023-12-31
REGISTERED NUMBER: OC424180
Hill Fort Capital UK LLP
Filleted Unaudited Financial Statements
31 March 2025
Hill Fort Capital UK LLP
Financial Statements
Period from 1 January 2024 to 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Hill Fort Capital UK LLP
Statement of Financial Position
31 March 2025
31 Mar 25
31 Dec 23
Note
£
£
Fixed assets
Tangible assets
5
602
1,894
Current assets
Debtors
6
17,284
46,638
Cash at bank and in hand
112,495
56,577
---------
---------
129,779
103,215
Creditors: amounts falling due within one year
7
6,144
10,585
---------
---------
Net current assets
123,635
92,630
---------
--------
Total assets less current liabilities
124,237
94,524
---------
--------
Represented by:
Loans and other debts due to members
Other amounts
8
56,237
26,524
Members' other interests
Members' capital classified as equity
68,000
68,000
Other reserves
---------
--------
124,237
94,524
---------
--------
Total members' interests
Loans and other debts due to members
8
56,237
26,524
Members' other interests
68,000
68,000
---------
--------
124,237
94,524
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
Hill Fort Capital UK LLP
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the members and authorised for issue on 15 July 2025 , and are signed on their behalf by:
J M Sheridan
Designated Member
Registered number: OC424180
Hill Fort Capital UK LLP
Notes to the Financial Statements
Period from 1 January 2024 to 31 March 2025
1.
General information
Hill Fort Capital UK LLP is a limited liability partnership incorporated in England and Wales. The registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom. The limited liability partnership's principal activities are disclosed in the Members' Report.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is is discretionary on the part of the LLP.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computers
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument and is measured at the fair value of the amount receivable or payable. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the LLP during the period, including the members with contracts of employment, amounted to 1 (2023: 1 ).
5.
Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2024 and 31 March 2025
5,591
5,591
-------
-------
Depreciation
At 1 January 2024
3,697
3,697
Charge for the period
1,292
1,292
-------
-------
At 31 March 2025
4,989
4,989
-------
-------
Carrying amount
At 31 March 2025
602
602
-------
-------
At 31 December 2023
1,894
1,894
-------
-------
6.
Debtors
31 Mar 25
31 Dec 23
£
£
Trade debtors
40,475
Other debtors
17,284
6,163
--------
--------
17,284
46,638
--------
--------
7. Creditors: amounts falling due within one year
31 Mar 25
31 Dec 23
£
£
Trade creditors
691
Social security and other taxes
3,253
2,396
Other creditors
2,891
7,498
-------
--------
6,144
10,585
-------
--------
8.
Loans and other debts due to members
31 Mar 25
31 Dec 23
£
£
Amounts owed to members in respect of profits
56,237
26,524
--------
--------