IRIS Accounts Production v23.3.0.418 OC402241 designated member 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4022412022-03-31OC4022412023-03-31OC4022412022-04-012023-03-31OC4022412021-03-31OC4022412021-04-012022-03-31OC4022412022-03-31OC402241ns10:Originalns15:EnglandWales2022-04-012023-03-31OC402241ns14:PoundSterlingns10:Original2022-04-012023-03-31OC402241ns10:Originalns10:Director12022-04-012023-03-31OC402241ns10:Original2022-04-012023-03-31OC402241ns10:Original2023-03-31OC402241ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC402241ns10:Originalns10:SmallEntities2022-04-012023-03-31OC402241ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-31OC402241ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31OC402241ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-04-012023-03-31OC402241ns10:Originalns10:FullAccounts2022-04-012023-03-31OC402241ns10:Originalns10:RegisteredOffice2022-04-012023-03-31OC402241ns10:Original2021-04-012022-03-31OC402241ns10:Original2022-03-31OC402241ns10:Originalns5:CurrentFinancialInstruments2023-03-31OC402241ns10:Originalns5:CurrentFinancialInstruments2022-03-31OC402241ns5:OwnedAssetsns10:Original2022-04-012023-03-31OC402241ns5:OwnedAssetsns10:Original2021-04-012022-03-31OC402241ns10:Originalns5:FurnitureFittings2022-03-31OC402241ns10:Originalns5:FurnitureFittings2022-04-012023-03-31OC402241ns10:Originalns5:FurnitureFittings2023-03-31OC402241ns10:Originalns5:FurnitureFittings2022-03-31OC402241ns10:Original2022-03-31OC402241ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC402241ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31OC402241ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-31
REGISTERED NUMBER: OC402241 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

WORTON LLP

WORTON LLP (REGISTERED NUMBER: OC402241)






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


WORTON LLP

General Information
for the year ended 31 March 2023







DESIGNATED MEMBERS: A Pharaon
M Pharaon
Mrs N Dickson
R Pharaon
K Pharaon





REGISTERED OFFICE: 9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX





REGISTERED NUMBER: OC402241 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

WORTON LLP (REGISTERED NUMBER: OC402241)

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 property management

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

A Pharaon
M Pharaon
Mrs N Dickson
R Pharaon
K Pharaon

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £174,969 (2022 - £193,901 profit).

MEMBERS' INTERESTS
Members salaries are distributed regularly on a quarterly basis throughout the period ended 31/03/2022.
Amounts contributed by members during the period are considered to be equity loans

ON BEHALF OF THE MEMBERS:





A Pharaon - Designated member


1 November 2023

WORTON LLP (REGISTERED NUMBER: OC402241)

Income Statement
for the year ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER 495,000 520,000

Cost of sales 260,000 257,500
GROSS PROFIT 235,000 262,500

Administrative expenses 60,031 68,599
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




174,969




193,901

WORTON LLP (REGISTERED NUMBER: OC402241)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 6,443 291
Investment property 7 4,009,250 4,009,250
4,015,693 4,009,541

CURRENT ASSETS
Debtors 8 4,872 4,025
Cash at bank 63,904 78,007
68,776 82,032
CREDITORS
Amounts falling due within one year 9 220,221 202,294
NET CURRENT LIABILITIES (151,445 ) (120,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,864,248

3,889,279

LOANS AND OTHER DEBTS DUE TO
MEMBERS

3,864,248

3,889,279

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 3,864,248 3,889,279

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 1 November 2023 and were signed by:





A Pharaon - Designated member

WORTON LLP (REGISTERED NUMBER: OC402241)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Worton 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), Companies Act 2006 as applied by LLPs and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships, issued in July 2014.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 3,512 291

WORTON LLP (REGISTERED NUMBER: OC402241)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 3,517
Additions 9,664
At 31 March 2023 13,181
DEPRECIATION
At 1 April 2022 3,226
Charge for year 3,512
At 31 March 2023 6,738
NET BOOK VALUE
At 31 March 2023 6,443
At 31 March 2022 291

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 4,009,250
NET BOOK VALUE
At 31 March 2023 4,009,250
At 31 March 2022 4,009,250

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 570,922
Cost 3,438,328
4,009,250

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,700 -
Other debtors 2,172 4,025
4,872 4,025

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,606 18,935
Amounts owed to group undertakings 107,181 75,346
Taxation and social security 9,934 7,763
Other creditors 100,500 100,250
220,221 202,294

Amounts owed to group undertakings are interest free and repayable on demand.

WORTON LLP (REGISTERED NUMBER: OC402241)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. PENSION COMMITMENTS

Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.