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REGISTERED NUMBER: OC323334 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

WISE HOME BUILDING LLP

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023










Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


WISE HOME BUILDING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DESIGNATED MEMBERS: Mr D J Wise
Mrs B T Wise





REGISTERED OFFICE: Turret Cottage
86 Fishbourne Lane
Ryde
Isle of Wight
PO33 4EU





REGISTERED NUMBER: OC323334 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208 115
Investment property 5 360,000 360,000
360,208 360,115

CURRENT ASSETS
Debtors 6 8,080 6,280
Cash at bank 1,872 3,368
9,952 9,648
CREDITORS
Amounts falling due within one year 7 901 900
NET CURRENT ASSETS 9,051 8,748
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 369,259 368,863

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 369,259 368,863

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 369,259 368,863

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 5 April 2023.

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.

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

BALANCE SHEET - continued
5 APRIL 2023


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 29 September 2023 and were signed by:





Mr D J Wise - Designated member

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023


1. STATUTORY INFORMATION

Wise Home Building LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement.

To ensure that the investment properties are properly disclosed, the directors review the valuations annually and if deemed appropriate professional independent valuation is sought.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022 961
Additions 145
At 5 April 2023 1,106
DEPRECIATION
At 6 April 2022 846
Charge for year 52
At 5 April 2023 898
NET BOOK VALUE
At 5 April 2023 208
At 5 April 2022 115

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 360,000
NET BOOK VALUE
At 5 April 2023 360,000
At 5 April 2022 360,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,080 6,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 901 900

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 369,259 368,863

Falling due within one year 369,259 368,863

The above debts due to members would be ranked equally with other creditors in the event of the LLP winding up.