Hemisphere Capital LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC304842 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

HEMISPHERE CAPITAL LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,211

811

CURRENT ASSETS

Debtors

5

2,552,654

2,555,697

Cash at bank

5,927

1,503

2,558,581

2,557,200

CREDITORS

Amounts falling due within one year

6

3,792

2,011

NET CURRENT ASSETS

2,554,789

2,555,189

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,556,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,556,000

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,556,000

Amounts due from members

5

(2,552,654

)

(2,537,898

)

3,346

18,102

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 30th June 2025.

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 6th October 2025 and were signed by:

M U Rothman - Designated member

1.	STATUTORY INFORMATION

Hemisphere Capital LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC304842

Registered office:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st July 2024

5,850

1,389

7,239

Additions

-

998

At 30th June 2025

5,850

2,387

8,237

DEPRECIATION

At 1st July 2024

5,849

579

6,428

Charge for year

1

597

598

At 30th June 2025

5,850

1,176

7,026

NET BOOK VALUE

At 30th June 2025

-

1,211

At 30th June 2024

1

810

811

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

17,273

Amounts due from members

2,552,654

2,537,898

VAT

-

526

2,552,654

2,555,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

1,048

-

Accruals and deferred income

2,744

2,011

3,792

2,011

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.