Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2024 1 April 2023 true 25 July 2025 true 1 April 2024 31 March 2025 31 March 2025 OC358200 Shangjia Lin Elias Mouzannar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC358200 2024-03-31 OC358200 2025-03-31 OC358200 2024-04-01 2025-03-31 OC358200 frs-core:CurrentFinancialInstruments 2025-03-31 OC358200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 OC358200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC358200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC358200 frs-core:PlantMachinery 2025-03-31 OC358200 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC358200 frs-core:PlantMachinery 2024-03-31 OC358200 frs-countries:UnitedKingdom 2024-04-01 2025-03-31 OC358200 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC358200 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC358200 frs-bus:FullAccounts 2024-04-01 2025-03-31 OC358200 frs-bus:FRS102 2024-04-01 2025-03-31 OC358200 frs-bus:Audited 2024-04-01 2025-03-31 OC358200 frs-bus:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC358200 frs-bus:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 OC358200 1 2024-04-01 2025-03-31 OC358200 1 2025-03-31 OC358200 1 2024-04-01 2025-03-31 OC358200 1 2024-04-01 2025-03-31 OC358200 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC358200 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC358200 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC358200 2023-03-31 OC358200 2024-03-31 OC358200 2023-04-01 2024-03-31 OC358200 frs-core:CurrentFinancialInstruments 2024-03-31 OC358200 frs-core:Non-currentFinancialInstruments 2024-03-31 OC358200 frs-countries:UnitedKingdom 2023-04-01 2024-03-31 OC358200 1 2023-04-01 2024-03-31
Registered number: OC358200
Aura Hexaa LLP
Members' Report and
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
LLP Information 1
Members' Report 2—3
Independent Auditor's Report 4—6
Statement of Comprehensive Income 7
Balance Sheet 8
Statement of Cash Flows 9
Notes to the Statement of Cash Flows 10
Notes to the Financial Statements 11—16
Page 1
LLP Information
Designated Members Shangjia Lin
Elias Mouzannar
LLP Registration Number OC358200
Registered Office Suite B Ground Floor
105 Piccadilly
London
W1J 7NJ
Auditors MAH, CHARTERED ACCOUNTANTS
2ND FLOOR, 154 BISHOPSGATE
LONDON
EC2M 4LN
Page 1
Page 2
Members' Report
The members present their report and the financial statements for the year ended 31 March 2025.
Change of LLP Name
On 31 May 2024 the LLP changed its name from Hywin Wealth LLP to Aura Hexaa LLP.
Principal Activity
The principal activity of the LLP is the provision of wealth management services.
Throughout the year, the LLP was authorised and regulated by the Financial Conduct Authority (FCA).
Members
The designated members who held office during the year were as follows:
Shangjia Lin
Elias Mouzannar
 
Nan Li joined on 01 August 2024 as LLP Member 
Members' capital and interests
Each Member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.
Details of changes in Members' capital in the year ended 31 March 2025 are set out in the Reconciliation of Members' interests.
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between Members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.
Results and allocation to Members and Key Performance Indicators and financial performance during the year
The profit for the year which will be subject to discretionary division among Members was £127,006 (2024:-£236,295). Sales for the year were £376,966 (£2024:290,827). Drawings made by Members during the year amounted to £175,733 (2023: £189,892). The LLP's balance sheet as detailed on page 8 shows a positive position with Members' total interests amounting to £385,849 (2024: £434,575).
The LLP'S primary objective is to maximise long term returns for members with an appropriate level of risk. The key performance indicators used to assess the LLP's success in meeting its objective are its level of sales and profitability which are detailed above.
The company has ended the year in a strong financial position with capital reserves in excess of the minumum set by the designated members and as required by the FCA.
Members' Drawings and Subscription and Repayment of Members' Capital
The entitlement of Members to participate in the Profits of the LLP will be allocated among Members by mutual agreement between Members.
All Losses and Capital Losses of the LLP will be allocated among Members by mutual agreement between Members. No Member may be compelled to contribute any amounts to the LLP in respect of such Losses and Capital Losses. Subscription amounts will be decided upon by the Management Committee. The LLP shall procure that the sums transferred to it as Capital Contributions are applied to the credit of the relevant Members’ Capital Account.
A Member may withdraw any amount from his Capital Account at any time provided that the Member has obtained prior approval from the Management Committee and that withdrawal will not cause the LLP to breach any applicable legal or regulatory capital requirements.
Page 2
Page 3
Going concern and future developments
The members have considered the LLP's ability to continue as a going concern and have prepared a cash flow forecast for the period up to March 2028, which indicates that the LLP is expected to maintain a positive cash position throughout the forecast period. The forecast assumes stable costs, which are largely known, and even in the event of a reduction in revenue, the LLP is expected to remain cash positive.
At the year-end, the LLP held a cash balance of £291k, compared to short-term liabilities of £137k. And the management is also expecting a further capital injection in August 2025. Also considered various downside scenarios of the forecast and remain confident that the LLP would continue to meet its obligations, even under less favourable trading conditions.
The members are not aware of any material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.
Pillar three disclosure and principal risks and uncertainties facing the business
In accordance with the rules of the Financial Conduct Authority, the LLP has published information on its risk management objectives and policies on its regulatory capital requirements and resources. This information is available on the LLP's website www.aurahexaa.com. Previously there was an old website, www.hywinwealth.co.uk.
Statement of Members' Responsibilities
The Members are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), 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). Under company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) 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 judgments 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.
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 to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the 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.
Statement of Disclosure of Information to Auditors
Each of the persons who are Members at the time when this Members' report is approved has confirmed that:
  • so far as that Member is aware, there is no relevant audit information of which the LLP's auditor is unaware, and
  • that Member has taken all the steps that ought to have been taken as a Member in order to be aware of any relevant audit information and to establish that the LLP's auditor is aware of that information.
Auditor
MAH, Chartered Accountants were appointed auditors to the LLP for the period and are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Signed on behalf of the members by
Shangjia Lin
Designated Member
25 July 2025
Page 3
Page 4
Independent Auditor's Report
Opinion
We have audited the financial statements of Aura Hexaa LLP (the 'LLP') for the year ended 31 March 2025, which comprise the statement of comprehensive income, the balance sheet, the statement of cash flows,  and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
  • give a true and fair view of the state of the LLP's affairs as at 31 March 2025 and of its profit for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The members are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on Which We Are Required to Report by Exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 as applied to limited liability partnerships requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • we have not received all the information and explanations we require for our audit.
Page 4
Page 5
Responsibilities of Members
As explained more fully in the Members' responsibilities statement set out on page 3, the Members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 
In preparing the financial statements, the Members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. 
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, we considered the following:
  • the nature of the entity’s industry and sector, control environment, business performance and management incentives;
  • the results of our specific enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;any matters we identified having obtained and reviewed the LLP’s documentation of their policies and procedures relating to:   
         - identifying, evaluating and complying with laws and regulations and whether they were aware of any 
          instances of non-compliance; 
         - detecting and responding to the risks of fraud and whether they have knowledge of any actual,     
          suspected or alleged fraud; 
         - the internal controls established to mitigate risks of fraud or non-compliance with laws and 
          regulations;
  • the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and  identified the greatest potential for fraud in the following area: the recognition of revenue. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls. 
We also obtained an understanding of the legal and regulatory frameworks in which the LLP operates, focusing on provisions of those laws and regulations that had a direct effect on the  determination of material amounts and disclosures in the financial statements.
The key laws and regulations we considered in this context included the UK Companies Act and after tax legislation and the Financial Conduct Authority's (FCA) rules and regulations. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the LLP’s ability to operate or to avoid  a material penalty.
Audit responses to risks identified
Our procedures to respond to risks identified included the following:
...CONTINUED
Page 5
Page 6
Auditor's Responsibilities for the Audit of the Financial Statements - continued
  • reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
  • enquiring of management concerning actual and potential litigation and claims;
  • performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
  • reviewing correspondence with, and submissions made to the FCA and other focused testing;
  • reading minutes of meetings of those charged with governance; and
  • in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.  
Whilst the procedures above describe the extent to which our procedures are capable of detecting irregularities, including fraud, there are inherent limitations in these audit procedures. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, misrepresentation or through collusion. We are not responsible for preventing irregularities, including fraud, or non-compliance with laws and regulations and cannot be expected to detect all irregularities or non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the LLP's Members in accordance with Chapter 3 of Part 16 of the Companies Act 2006, as applied by Part 12 of The Limited Liability Partnerships (Accounts and Audit) (Applications of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to  the LLP's Members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone otherthan the LLP and the LLP's Members for our audit work, for this report, or for the opinions we have formed.
MOHAMMED HAQUE (Senior Statutory Auditor)
for and on behalf of MAH, CHARTERED ACCOUNTANTS , Statutory Auditor
25 July 2025
MAH, CHARTERED ACCOUNTANTS
2ND FLOOR, 154 BISHOPSGATE
LONDON
EC2M 4LN
Page 6
Page 7
Statement of Comprehensive Income
2025 2024
Notes £ £
TURNOVER 3 376,966 290,827
Cost of sales (29,272 ) (56,719 )
GROSS PROFIT 347,694 234,108
Administrative expenses (247,942 ) (342,430 )
Other operating income 27,234 61,900
OPERATING PROFIT/(LOSS) 5 126,986 (46,422 )
Other interest receivable and similar income 20 19
PROFIT/(LOSS) FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS 127,006 (46,403 )
OTHER COMPREHENSIVE INCOME:
Members' remuneration charged as an expense - (189,892 )
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 127,006 (236,295)
The notes on pages 10 to 15 form part of these financial statements.
Page 7
Page 8
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 10 393 2,975
393 2,975
CURRENT ASSETS
Debtors 11 231,207 106,202
Cash at bank and in hand 291,733 389,329
522,940 495,531
Creditors: Amounts Falling Due Within One Year 12 (137,484 ) (63,931 )
NET CURRENT ASSETS (LIABILITIES) 385,456 431,600
TOTAL ASSETS LESS CURRENT LIABILITIES 385,849 434,575
NET ASSETS ATTRIBUTABLE TO MEMBERS 385,849 434,575
REPRESENTED BY:
Equity
Members' other interests
Members' capital 6,885,578 6,885,577
Other reserves (6,499,729) (6,451,002)
385,849 434,575
TOTAL MEMBERS' INTEREST
Members' other interests 385,849 434,575
385,849 434,575
The financial statements were approved by the members on 25 July 2025 and were signed on their behalf by:                                                                           
Shangjia Lin
Designated Member
25 July 2025
The notes on pages 10 to 15 form part of these financial statements.
Page 8
Page 9
Statement of Cash Flows
2025 2024
Notes £ £
Cash flows from operating activities
Net cash generated from/(used in) operations 1 78,116 (18,428 )
Member's remuneration adjust with P&L - 189,892
Members' remuneration charged as an expense - (189,892)
Net cash generated from/(used in) operating activities 78,116 (18,428 )
Cash flows from investing activities
Purchase of tangible assets - (675 )
Interest received 20 19
Net cash generated from/(used in) investing activities 20 (656 )
Cash flows from financing activities
Capital introduced by members (classified as equity or liability) 1 284,521
Members' drawings / remuneration charged as an expense (175,733) (189,892)
Net cash (used in)/generated from financing activities (175,732 ) 94,629
(Decrease)/increase in cash and cash equivalents (97,596 ) 75,545
Cash and cash equivalents at beginning of year 2 389,329 313,784
Cash and cash equivalents at end of year 2 291,733 389,329
Page 9
Page 10
Notes to the Statement of Cash Flows
1. Reconciliation of profit/(loss) for the financial year before members' remuneration and profit shares to cash generated from/(used in) operations
2025 2024
£ £
Profit/(loss) for the financial year before members' remuneration and profit shares 127,006 (46,403 )
Adjustments for:
Interest income (20 ) (19 )
Depreciation of tangible assets 2,582 2,439
Movements in working capital:
(Increase)/decrease in trade and other debtors (125,005 ) 10,639
Increase in trade and other creditors 73,553 61,319
Increase/(decrease) in trade and other creditors adjustment - (46,403)
Net cash generated from/(used in) operations 78,116 (18,428 )
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2025 2024
£ £
Cash at bank and in hand 291,733 389,329
3. Analysis of changes in net funds
As at 1 April 2024 Cash flows As at 31 March 2025
£ £ £
Cash at bank and in hand 389,329 (97,596) 291,733
Page 10
Page 11
Notes to the Financial Statements
1. General Information
    On 31 May 2024, the LLP's name was changed from Hywin Wealth LLP to Aura Hexaa LLP (the "LLP"). 
     The LLP is a limited liability partnership registered in England and Wales.
     The address of its principal place of business is Suite B Ground Floor, 105 Piccadilly, London, United Kingdom,  
     W1J 7NJ
     The functional and presentational currency of the LLP is Pound Sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise  specified within these accounting policies and in accordance with Financial Reporting Standard 102,  the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships (2021)".
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 2.11).
The following principal accounting policies have been applied:
2.2. Going Concern Disclosure
The members have considered the LLP's ability to continue as a going concern and have prepared a cash flow forecast for the period up to March 2028, which indicates that the LLP is expected to maintain a positive cash position throughout the forecast period. The forecast assumes stable costs, which are largely known, and even in the event of a reduction in revenue, the LLP is expected to remain cash positive.
At the year-end, the LLP held a cash balance of £291k, compared to short-term liabilities of £137k. And the management is also expecting a further capital injection in August 2025. Also considered various downside scenarios of the forecast and remain confident that the LLP would continue to meet its obligations, even under less favourable trading conditions.
The members are not aware of any material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover, which is stated net of Value Added Tax, is attributable to the supply of investment management services and mortgage advisory services carried out entirely within the United Kingdom. Management fees are recognised on a straight line basis over the period of service provided. Mortgage advisory services are recognised on completion of the mortgage offer. Amounts received in advance of the service provision are included within creditors falling due within one year as deferred income. Amounts earned, but not yet invoiced at the balance sheet date are included within debtors as accrued income. 
Performance related fees are recognised when the relevant performance conditions have been met.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. 
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. 
Depreciation is provided on the following basis:
Leasehold 5 years straight line
Plant & Machinery 3 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 11
Page 12
2.5. Financial Instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a LLP, or a public benefit entity concessionary loan.
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 statement of comprehensive income.
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. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current 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 best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the balance sheet 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.
2.6. Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account as they arise.
2.7. Taxation
No taxation is reflected in the accounts as tax is borne by the individual Members in a personal capacity on their attributable profit shares and not by the LLP.
2.8. Members Capital
Members' capital is classified as equity in accordance with the LLP SORP. Repayment of Members' capital is governed by the Members' Agreement dated 1 April 2020.
2.9. Pensions
Defined contribution pension plan
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
2.10. Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Page 12
Page 13
2.11. Judgements in applying accounting policies and key sources of estimation uncertainty
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
3. Turnover
Analysis of turnover by geographical market is as follows:
2025 2024
£ £
United Kingdom 376,966 290,827
376,966 290,827
4. Other Operating Income
2025 2024
£ £
Other operating income 27,234 61,900
27,234 61,900
5. Operating Profit/(loss)
The operating profit/(loss) is stated after charging:
2025 2024
£ £
Bad debts - 3,205
Exchange differences - 2,898
Depreciation of tangible fixed assets 2,582 2,439
6. Auditor's Remuneration
Remuneration received by the LLP's auditors and their associates during the year was as follows:
2025 2024
£ £
Audit Services
Audit of the LLP's financial statements 9,000 10,520
Other Services
Other non-audit services - 1,880
Page 13
Page 14
7. Staff Costs
Staff costs were as follows:
2025 2024
£ £
Wages and salaries 51,333 82,774
Social security costs 592 4,147
Other pension costs 963 1,643
52,888 88,564
8. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2024: 2)
1 2
9. Members' Remuneration
2025 2024
Average number of members during the year 3 2
10. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 10,282 96,103 106,385
As at 31 March 2025 10,282 96,103 106,385
Depreciation
As at 1 April 2024 8,225 95,185 103,410
Provided during the period 2,057 525 2,582
As at 31 March 2025 10,282 95,710 105,992
Net Book Value
As at 31 March 2025 - 393 393
As at 1 April 2024 2,057 918 2,975
11. Debtors
2025 2024
£ £
Due within one year
Trade debtors 146,063 26,275
Prepayments and accrued income 38,096 29,062
Other debtors 43,861 8,807
VAT 3,187 1,558
231,207 65,702
Due after more than one year
Other debtors - 40,500
231,207 106,202
Page 14
Page 15
12. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 441 985
Other taxes and social security 1,249 -
Other creditors 572 -
Accruals and deferred income 135,222 62,946
137,484 63,931
13. Financial Instruments
The LLP has the following financial instruments:
2025 2024
£ £
Financial assets
Financial assets measured at fair value through profit and loss 291,733 389,329
Financial assets that are debt Instruments measured at amortised cost 189,924 75,582
Financial liabilities
Financial liabilities measured at amortised cost 1,013 985
Financial assets measured at fair value through profit or loss comprise cash and cash equivalents. Financial assets measured at amortised cost comprise trade debtors and other debtors.
Financial liabilities measured at amortised cost comprise trade creditors and other creditors.
14. Pension Commitments
The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £963 (2024: £1,643).
At the balance sheet date contributions of £197 (2024: £0) were due to the fund and are included in creditors.
15. Related Party Disclosures
During the year, key management personnel compensation amounted to £175,733 (2024: £189,892).
16. Controlling Parties
The LLP's ultimate controlling party is Shangjia (Monica) Lin since 28 March 2024.
17. Cash and cash equivalents
2025
2024
£
£
Cash at bank and in hand
291,733
image
389,329
image
...CONTINUED
Page 15
Page 16
18. Commitments under operating leases
At 31 March 2025, the LLP had no lease payments due under non-cancellable operating leases for each of the following periods:
2025
2024
£
£
Not later than 1 year
-
33,750
Later than 1 year and not later than 5 years
-
image
5,625
image
-
image
39,375
image
19. Post Balance Shet Events
The LLP had a new lease since May 2025. The lease term is for 5 years with rental free period of four months in years four. And the annual rental of £25,430.
Page 16