REGISTERED NUMBER: OC358620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HYDWIND LLP

Page

General information

1

Balance sheet

2

Notes to the financial statements

3

Designated members:

Johnny Bass LLC

Alvarium Investment Managers (Suisse) SA

D21 Holdings S.P.A.

Mrs R A T PEPE

Registered office:

Suite 1, 7th Floor

50 Broadway, London

United Kingdom

SW1H 0BL

Registered number:

OC358620 (England and Wales)

Accountants:

Vistra Trust Company Limited

First Floor, Templeback

10 Temple back

Bristol

BS1 6FL

FIXED ASSETS

Investments

4

305,349

455,333

CURRENT ASSETS

Debtors

5

357,868

281,750

Cash at bank

1

-

357,869

281,750

CREDITORS

Amounts falling due within one year

6

(3,559

)

(2,735

)

NET CURRENT ASSETS

354,310

279,015

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

659,659

734,348

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

659,659

734,348

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

659,659

734,348

Amounts due from members

5

(336,065

)

(278,194

)

323,594

456,154

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 October 2024.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 September 2025 and were signed by:

Johnny Bass LLC - Designated member

1.	STATUTORY INFORMATION

Hydwind LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The company's functional and presentational currency is Euros and the financial statements have been rounded to the nearest Euro (€).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Fixed asset investments

Investments are recorded at fair value. Gains and losses are recognised in profit or loss at each balance sheet date.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

€

Cost or valuation

At 1 November 2023

455,333

Revaluations

(149,984

)

At 31 October 2024

305,349

Net book value

At 31 October 2024

305,349

At 31 October 2023

455,333

Cost or valuation at 31 October 2024 is represented by:

Unlisted

investments

€

Valuation in 2024

305,349

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

€

€

Other debtors

357,868

281,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

€

€

Other creditors

3,559

2,735

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/10/24

31/10/23

€

€

Amounts owed to members in respect of profits

659,659

734,348

Falling due within one year

659,659

734,348

Loans and other debts due to members would rank last in relation to other creditors.