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REGISTERED NUMBER: OC414112 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2018

FOR

WADE & WADE LLP

WADE & WADE LLP (REGISTERED NUMBER: OC414112)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


WADE & WADE LLP (REGISTERED NUMBER: OC414112)

BALANCE SHEET
31ST MAY 2018

Notes £   
CURRENT ASSETS
Debtors 3 13,430
Cash at bank 76,385
89,815
CREDITORS
Amounts falling due within one year 4 83,104
NET CURRENT ASSETS 6,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,711

LOANS AND OTHER DEBTS DUE
TO MEMBERS

5

6,711

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 6,711

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 31st May 2018.

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.

WADE & WADE LLP (REGISTERED NUMBER: OC414112)

BALANCE SHEET - continued
31ST MAY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 on 1st November 2018 and were signed
by:





K M Goddard - Designated member

WADE & WADE LLP (REGISTERED NUMBER: OC414112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2018

1. STATUTORY INFORMATION

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

Registered number: OC414112

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,323
Prepayments and accrued income 11,107
13,430

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,377
VAT 1,168
Other creditors 77,421
Accruals and deferred income 3,138
83,104

WADE & WADE LLP (REGISTERED NUMBER: OC414112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2018

5. LOANS AND OTHER DEBTS DUE TO MEMBERS
£   
Amounts owed to members in respect of profits 6,711

Falling due within one year 6,711

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event
of a winding up. There is no provision for specific legally enforceable protection afforded to creditors
in such an event. There are no restrictions or limitations on the ability of the members to reduce the
amount of ‘Members’ other interests'.