1 April 2022 false Taxfiler 2023.9 OC434247business:LimitedLiabilityPartnershipLLP2022-04-012023-03-31 OC4342472022-03-31 OC4342472022-04-012023-03-31 OC434247business:AuditExemptWithAccountantsReport2022-04-012023-03-31 OC434247business:FullAccounts2022-04-012023-03-31 OC4342472023-03-31 OC434247business:PartnerLLP12022-04-012023-03-31 OC434247business:PartnerLLP22022-04-012023-03-31 OC434247business:RegisteredOffice2022-04-012023-03-31 OC4342472022-03-31 OC434247core:WithinOneYear2023-03-31 OC434247core:WithinOneYear2022-03-31 OC434247core:RetainedEarningsAccumulatedLosses2023-03-31 OC434247core:RetainedEarningsAccumulatedLosses2022-03-31 OC434247business:SmallEntities2022-04-012023-03-31 OC434247core:FurnitureFittings2022-04-012023-03-31 OC434247core:ComputerEquipment2022-04-012023-03-31 OC434247countries:EnglandWales2022-04-012023-03-31 OC434247core:FurnitureFittings2022-03-31 OC434247core:ComputerEquipment2022-03-31 OC434247core:FurnitureFittings2023-03-31 OC434247core:ComputerEquipment2023-03-31 OC4342472021-04-012022-03-31 iso4217:GBP xbrli:pure
Registered No. OC434247 (England and Wales)
We Are Family Europe LLP Unaudited accounts for the year ended 31 March 2023
We Are Family Europe LLP LLP Information for the year ended 31 March 2023
Designated members
We Are Family Global Ventures S.C.S
Mr Maurice Richard Wheeler
Registered Number
OC434247 (England and Wales)
Registered Office
Holly Bank Grove Lane Chalfont St Peter Buckinghamshire SL9 9JD
Accountants
Baker Accountancy Services Windmill Farm Business Hub Bowstridge Lane Chalfont St. Giles Bucks HP8 4RG
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Chartered Accountants' report to the members on the preparation of the unaudited statutory financial statements of We Are Family Europe LLP for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of We Are Family Europe LLP for the year ended 31 March 2023 as set out on pages 4 - 6 from the LLP's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the members of We Are Family Europe LLP, as a body, in accordance with the terms of our engagement letter dated 26 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of We Are Family Europe LLP and state those matters that we have agreed to state to the members of We Are Family Europe LLP, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than We Are Family Europe LLP and its members as a body for our work or for this report.
It is your duty to ensure that We Are Family Europe LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of We Are Family Europe LLP. You consider that We Are Family Europe LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of We Are Family Europe LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Baker Accountancy Services Chartered Accountants Windmill Farm Business Hub Bowstridge Lane Chalfont St. Giles Bucks HP8 4RG 19 September 2023
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We Are Family Europe LLP Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,933 
6,505 
Current assets
Debtors
212,653 
70,264 
Cash at bank and in hand
139,169 
183,313 
351,822 
253,577 
Creditors: amounts falling due within one year
(256,301)
(202,595)
Net current assets
95,521 
50,982 
Net assets attributable to members
102,454 
57,487 
Represented by:
Members' other interests
Other reserves
102,454 
57,487 
102,454 
57,487 
Total members' interests
Members' other interests
102,454 
57,487 
102,454 
57,487 
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 19 September 2023.
Mr Maurice Richard Wheeler Designated member Limited Liability Partnership Registration No. OC434247
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We Are Family Europe LLP Notes to the Accounts for the year ended 31 March 2023
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
2
Statutory information
We Are Family Europe LLP is a limited liability partnership, incorporated in England and Wales, registration number OC434247. Its registered office is Holly Bank, Grove Lane, Chalfont St Peter, Buckinghamshire, SL9 9JD.
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We Are Family Europe LLP Notes to the Accounts for the year ended 31 March 2023
3
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,572 
5,627 
7,199 
Additions
2,203 
338 
2,541 
At 31 March 2023
3,775 
5,965 
9,740 
Depreciation
At 1 April 2022
33 
661 
694 
Charge for the year
664 
1,449 
2,113 
At 31 March 2023
697 
2,110 
2,807 
Net book value
At 31 March 2023
3,078 
3,855 
6,933 
At 31 March 2022
1,539 
4,966 
6,505 
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
75,312 
21,014 
Taxes and social security costs
21,708 
36,102 
Other creditors
1,627 
3,047 
Accruals
51,895 
64,077 
Deferred income
105,759 
78,355 
256,301 
202,595 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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