OC439058falserecruitment consultancy2022-01-012023-03-31http://www.companieshouse.gov.uk/2021-12-31http://www.companieshouse.gov.uk/cd:Director12022-01-012023-03-31http://www.companieshouse.gov.uk/cd:Director22022-01-012023-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2022-01-012023-03-31http://www.companieshouse.gov.uk/cd:Director32022-01-012023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-01-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-01-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-12-31http://www.companieshouse.gov.uk/2022-01-012023-03-31http://www.companieshouse.gov.uk/2021-12-31http://www.companieshouse.gov.uk/cd:FRS1022022-01-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-01-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC439058

WMTech Partners LLP

ACCOUNTS
FOR THE 455 DAY PERIOD ENDED 31 MARCH 2023

Prepared By:
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP

WMTech Partners LLP

CONTENTS
Page
Report of the Members-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-

WMTech Partners LLP

ACCOUNTS
FOR THE 455 DAY PERIOD ENDED 31 MARCH 2023
DESIGNATED MEMBERS
Walter May Ltd
Moqsood Ali
Waquas Ali
REGISTERED OFFICE
30 Moorgate,
London,
WC2R 6PJ
COMPANY NUMBER
OC439058
ACCOUNTANTS
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP

WMTech Partners LLP

BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
CURRENT ASSETS
Debtors273,26233,592
Cash at bank and in hand253,63456,433
326,89690,025
CREDITORS: Amounts falling due within one year286,90490,025
NET CURRENT ASSETS39,992-
NET ASSETS ATTRIBUTABLE TO MEMBERS39,992-
LOANS AND OTHER DEBTS DUE TO MEMBERS39,992-
MEMBERS ' OTHER INTERESTS
39,992-
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members39,992-
Amounts due from members2(72,263)(33,346)
(32,271)(33,346)
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 5 September 2023 and signed on their behalf by
.............................
Moqsood Ali
Designated Member

WMTech Partners LLP

NOTES TO THE ACCOUNTS
FOR THE 455 DAY PERIOD ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors-9
VAT-237
Amounts due from members72,26333,346
Other Debtors999-
73,26233,592
3. EMPLOYEES
20232022
No.No.
Average number of employees31
4. RELATED PARTY TRANSACTIONS
The accounts include the following transactions:- a consultancy fee of £20000 (2021 - £18000) to Walter May Tech Ltd, which is controlled by a family member of M Ali who is a Member of the LLP; royalty payments to Walter May Ltd, a Member of the LLP, of £78006 (2021 - £0); consultancy fee payments of £53000 (2021 - £0) to Tech Sourcing Ltd, which is controlled by a family member of W Ali who is a Member of the LLP.
£173250 was billed in March 2023 by the LLP on behalf of its wholly-owned company WMTech Partners (International) Ltd, pending the completion of certain formalities by the newly-formed company. The entire sum is due to WMTech Partners (International) Ltd save 5% handling fee retained by the LLP.
The LLP reimbursed £10500 rent and rates for the private residence of W Ali, a Member of the LLP, for its business use of his home (2021 - £0).