ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Registered number: OC424067

WINDRUSH 3 AKA LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

WINDRUSH 3 AKA LLP

REGISTERED NUMBER: OC424067

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	808		41,246
Cash at bank	5	5,047		4,198
		5,855		45,444
Creditors: amounts falling due within one year	6	(25,904)		(61,899)
Net current liabilities			(20,049)		(16,455)
Total assets less current liabilities			(20,049)		(16,455)

Net liabilities			(20,049)		(16,455)

Represented by:
Loans and other debts due to members within one year
Other amounts	7		3,152		-
			3,152		-
Members' other interests
Other reserves classified as equity		(23,201)		(16,455)
			(23,201)		(16,455)
			(20,049)		(16,455)

Total members' interests
Amounts due from members (included in debtors)	4	-	(30,850)
Loans and other debts due to members	7	3,152	-
Members' other interests		(23,201)	(16,455)
		(20,049)	(47,305)

WINDRUSH 3 AKA LLP

REGISTERED NUMBER: OC424067

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

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 profit and loss account 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:

S Panter

Designated member

Date: 14 October 2026

The notes on pages 3 to 6 form part of these financial statements.

Windrush 3 AKA LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

WINDRUSH 3 AKA LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Windrush 3 AKA LLP is a limited liability partnership, registered in England and Wales, registration number OC424067. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the LLP continued to be that of dealing with recording and publishing deals for 'The Specials'.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

On the basis of information and enquiries that are pertinent to the LLP’s circumstances and which the members believe to be adequate, it is appropriate to continue to treat the LLP as a going concern. In particular the members believe that adequate cash resources will be available to cover the LLP’s requirements for working capital for at least twelve months from the date of signing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.

WINDRUSH 3 AKA LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from recording and publishing deals for 'The Specials' is recognised as the related performance obligations are satisfied and only to the extent that it is probable that the LLP will be entitled to the consideration due under the contract.

2.5

Interest income

Interest income is recognised in the profit and loss account using the effective interest method.

2.6

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

In the event of the LLP making losses, the loss is recognised as a credit amount of members remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

WINDRUSH 3 AKA LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.10

Creditors

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.

2.11

Financial instruments

The LLP enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as other debtors, other creditors and loans with related parties.

Employees

The average monthly number of employees, including members, during the year was 3 (2025 - 3).

Debtors

					2026	2025
					£	£


Other debtors	394	-
Prepayments and accrued income	414	10,396
Amounts due from members	-	30,850
	808	41,246

5.	Cash
		2026	2025
		£	£

	Cash at bank	5,047	4,198

6.	Creditors: amounts falling due within one year
		2026	2025
		£	£

Trade creditors	-	639
Other taxation and social security	-	1,810
Accruals	25,904	59,450
	25,904	61,899

WINDRUSH 3 AKA LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026


	Other amounts due to members	3,152	-

Loans and other debts due to members may be further analysed as follows:

					2026	2025
					£	£


	Falling due within one year	3,152	-

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.