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REGISTERED NUMBER: OC429421 (England and Wales)


















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Wyvern Bindery LLP

Wyvern Bindery LLP (Registered number: OC429421)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Wyvern Bindery LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Miss K Maki
J D S Pendlebury
Ms P M M C Leclercq





REGISTERED OFFICE: 1 Bell Street
2nd Floor
London
NW1 5BY





REGISTERED NUMBER: OC429421 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

Wyvern Bindery LLP (Registered number: OC429421)

Report of the Members
for the Year Ended 31 March 2023


The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of providing bindery services.

DESIGNATED MEMBERS
The designated members during the year under review were:

Miss K Maki
J D S Pendlebury
Ms P M M C Leclercq

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £157,355 (2022 - £5,097 loss).

MEMBERS' INTERESTS
Members profits are apportioned per their profit share agreement.

Designated members have not withdrawn their share of the profits.

ON BEHALF OF THE MEMBERS:





Miss K Maki - Designated member


2 October 2023

Wyvern Bindery LLP (Registered number: OC429421)

Income Statement
for the Year Ended 31 March 2023

2023 2022
£    £   

TURNOVER 349,934 46,032

Cost of sales (55,016 ) (8,198 )
GROSS PROFIT 294,918 37,834

Administrative expenses (137,563 ) (42,931 )
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





157,355





(5,097





)

Wyvern Bindery LLP (Registered number: OC429421)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,378 28,015

CURRENT ASSETS
Stocks 13,000 -
Debtors 5 29,286 131,423
Cash at bank 78,513 100,255
120,799 231,678
CREDITORS
Amounts falling due within one year 6 (36,255 ) (243,914 )
NET CURRENT ASSETS/(LIABILITIES) 84,544 (12,236 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

109,922

15,779

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

109,922

15,779

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 109,922 15,779

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 31 March 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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 2 October 2023 and were signed by:




J D S Pendlebury - Designated member

Wyvern Bindery LLP (Registered number: OC429421)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Wyvern Bindery 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over life of lease
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2022 - 3 ) .

Wyvern Bindery LLP (Registered number: OC429421)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 20,000 12,355 32,355
Additions - 428 428
At 31 March 2023 20,000 12,783 32,783
DEPRECIATION
At 1 April 2022 1,500 2,840 4,340
Charge for year 2,000 1,065 3,065
At 31 March 2023 3,500 3,905 7,405
NET BOOK VALUE
At 31 March 2023 16,500 8,878 25,378
At 31 March 2022 18,500 9,515 28,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,786 -
Other debtors 3,500 131,423
29,286 131,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,516 4,350
Taxation and social security 9,528 -
Other creditors 23,211 239,564
36,255 243,914

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members is classified as a debt and would rank in pari pasu with other creditors.