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Registration number: OC449432

Flywheel Capital Advisors (UK) LLP
Unaudited Filleted Financial Statements
for the period from 6 October 2023 to 31 October 2024

Flywheel Capital Advisors (UK) LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 5
Balance Sheet | 2
Notes to the Financial Statements | 3

Flywheel Capital Advisors (UK) LLP

Limited liability partnership information

Designated members | Flywheel Capital Group Limited S P Lawson D M Westlake

Registered office | 71-75 Shelton Street Covent Garden London WC2H 9JQ

Accountants | Innovi Advisors Ltd Chartered Certified Accountants 163 Herne Hill London SE24 9LR

Flywheel Capital Advisors (UK) LLP

(Registration number: OC449432)
Balance Sheet as at 31 October 2024

| Note | 2024 £
Creditors: Amounts falling due within one year | 3 | (1,530)
Net liabilities attributable to members |  | (1,530)
Represented by: |  |
Loans and other debts due to members |  |
Members' capital classified as a liability |  | 178,222
Members’ other interests |  |
Members' capital classified as equity |  | (179,752)
|  | (1,530)
Total members' interests |  |
Loans and other debts due to members |  | 178,222
Equity |  | (179,752)
|  | (1,530)

For the year ending 31 October 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Flywheel Capital Advisors (UK) LLP (registered number OC449432) were approved by the Board and authorised for issue on 23 January 2026. They were signed on behalf of the limited liability partnership by:

......................................... S P Lawson Designated member

Flywheel Capital Advisors (UK) LLP

Notes to the Financial Statements for the Period from 6 October 2023 to 31 October 2024

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Flywheel Capital Advisors (UK) LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Flywheel Capital Advisors (UK) LLP

Notes to the Financial Statements for the Period from 6 October 2023 to 31 October 2024

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 2.

Flywheel Capital Advisors (UK) LLP

Notes to the Financial Statements for the Period from 6 October 2023 to 31 October 2024

3 | Creditors: Amounts falling due within one year

| 2024 £
Accruals and deferred income | 1,530

4 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party. Flywheel Capital Group Limited (a GUE company) is the controlling member.