for the Period Ended 30 April 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 April 2025
Principal activities of the company
Additional information
Going concern: Whilst the LLP remains dependent on amounts receivable from HCL as the principal source of income, the members are not aware of any reason that this agreement will be terminated in the foreseeable future. The LLP receives a fixed proportion of the management fees earned by HCL. Whilst HCL's revenue is variable based on the performance of the funds and the level of assets under management, the underlying investments are sufficiently diversified such that HCL (and therefore the LLP) should continue to be profitable for the foreseeable future. Historically, the LLP has received income in a timely manner in order to manage its obligations (which are relatively predictable in nature). After making enquiries, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the 12 months from the date these financial statements have been signed. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. For further information regarding the LLP’s going concern see Note 1.3 of the financial statements.
Directors
The directors shown below have held office during the whole of the period from
1 May 2024
to
30 April 2025
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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£ |
£ |
| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2025 | 2024 | |
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£ |
£ |
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| Current assets | |||
| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 5 |
(
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(
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| Total net assets (liabilities): |
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| Capital and reserves | |||
| Called up share capital: |
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| Other reserves: |
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| Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2025
Basis of measurement and preparation
for the Period Ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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for the Period Ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other creditors |
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| Total |
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