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For the year ended 31 December 2024
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Registered number: OC421872
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WWS Partners LLP - Registered number:OC421872
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Statement of financial position
As at 31 December 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Other reserves classified as equity
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Loans and other debts due to members
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Page 1
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WWS Partners LLP - Registered number:OC421872
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Statement of financial position (continued)
As at 31 December 2024
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity 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.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
G Rubinstein on behalf of NUR Wind Assets (2019) – Limited Partnership
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the financial statements
For the year ended 31 December 2024
WWS Partners LLP is a limited liability partnership incorporated in England and Wales. The registered office is C/O Buzzacott LLP 130 Wood Street, London, EC2V 6DL and the registration number is OC421872. The principal place of business address is Muirhall Farm Auchengray, Carnwath, Lanark, South Lanarkshire, ML11 8LL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified
within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act
2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability
Partnerships'.
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.
The LLP, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006
and the parent and group are considered eligible for the exemption to prepare consolidated accounts. These
financial statements therefore present information about the LLP as an individual undertaking and not about
its group.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The LLP only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors and investments in ordinary shares.
Page 3
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Notes to the financial statements
For the year ended 31 December 2024
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The average monthly number of employees during the year was nil (2023 - nil).
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Investments in joint ventures
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Creditors: amounts falling due within one year
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Page 4
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Notes to the financial statements
For the year ended 31 December 2024
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Loans and other debts due to members
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Other amounts due to members
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
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Related party transactions
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At the balance sheet date, the following balances existed with related parties:
a) A total of £149,950 (2023: £149,950) was owed from Muirhall 1901 Limited, an associated company, by way of an interest free loan.
b) A total of £3,352,392 (2023: £3,352,392) was owed from Muirhall 1902 Limited, an associated company, by way of an interest free loan.
c) A total of £300,000 (2023: £300,000) was owed from MH WWS Limited which has a partnership interest, by way of an interest free loan.
d) A total of £11,150,365 (2023: £8,629,515) was owed to Aveeram Wind Limited, by way of an interest free loan.
e) A total of £15,331,912 (2023: £11,865,605) was owed to, A Geler, a member of the LLP, by way of an interest free loan.
f) A total of £1,393,794 (2023: £1,078,676) was owed to, I Reich, one of the designated members of the LLP, by way of an interest free loan.
g) A total of £9,403,227 (2023: £6,517,207) was owed from MH WWS LLP which has a partnership interest, by way of an interest free loan.
h) A total of £12,811,978 (2023: £8,247,679) was owed from Murihall Energy Limited which has a partnership interest, by way of an interest free loan.
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Page 5
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