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REGISTERED NUMBER: OC349003 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wandle Mechanical Services LLP

Wandle Mechanical Services LLP (Registered number: OC349003)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wandle Mechanical Services LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: S R Boorman
Mrs L A Boorman





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: OC349003 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Wandle Mechanical Services LLP (Registered number: OC349003)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 46,019 57,524
Investment property 6 520,000 520,000
566,019 577,524

CURRENT ASSETS
Cash at bank and in hand 4,952 4,204

CREDITORS
Amounts falling due within one year 7 (22,047 ) (21,720 )
NET CURRENT LIABILITIES (17,095 ) (17,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

548,924

560,008

CREDITORS
Amounts falling due after more than one
year

8

(231,881

)

(260,014

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

317,043

299,994

Wandle Mechanical Services LLP (Registered number: OC349003)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

173,948

156,899

MEMBERS' OTHER INTERESTS
Fair value reserve 11 143,095 143,095
317,043 299,994

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 173,948 156,899
Members' other interests 143,095 143,095
317,043 299,994

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 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 23 November 2023 and were signed by:




S R Boorman - Designated member




Mrs L A Boorman - Designated member


Wandle Mechanical Services LLP (Registered number: OC349003)

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

1. STATUTORY INFORMATION

Wandle Mechanical Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 50% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rental income
Rents receivable are accounted for on an accruals basis.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

Wandle Mechanical Services LLP (Registered number: OC349003)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 64,602
DEPRECIATION
At 1 April 2022 7,078
Charge for year 11,505
At 31 March 2023 18,583
NET BOOK VALUE
At 31 March 2023 46,019
At 31 March 2022 57,524

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 61,633
DEPRECIATION
At 1 April 2022 4,109
Charge for year 11,505
At 31 March 2023 15,614
NET BOOK VALUE
At 31 March 2023 46,019
At 31 March 2022 57,524

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 520,000
NET BOOK VALUE
At 31 March 2023 520,000
At 31 March 2022 520,000

Wandle Mechanical Services LLP (Registered number: OC349003)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 143,095
Cost 376,905
520,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 376,905 376,905

Investment property was valued on an open market basis on 31 March 2023 by the members .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 2,200 2,017
Hire purchase contracts 10,922 10,239
Trade creditors - (1 )
Other creditors 8,925 9,465
22,047 21,720

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 6,802 8,983
Hire purchase contracts 32,466 43,388
Other creditors 192,613 207,643
231,881 260,014

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 192,613 207,643

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgage 192,613 207,643

Wandle Mechanical Services LLP (Registered number: OC349003)

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

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 143,095