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Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Harepath (Wimbledon) LLP

Harepath (Wimbledon) LLP (Registered number: OC429503)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harepath (Wimbledon) LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: C P Ackley
P J Whiteway





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: OC429503 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Harepath (Wimbledon) LLP (Registered number: OC429503)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 6,629,924 4,751,190
Debtors 4 1,031,208 952,357
Cash at bank 50,117 71,452
7,711,249 5,774,999
CREDITORS
Amounts falling due within one year 5 7,484,510 5,715,219
NET CURRENT ASSETS 226,739 59,780
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

226,739

59,780

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

226,739

59,780

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 226,739 59,780
Amounts due from members 4 - (80,220 )
226,739 (20,440 )

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 15 November 2023 and were signed by:




C P Ackley - Designated member



P J Whiteway - Designated member


Harepath (Wimbledon) LLP (Registered number: OC429503)

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


1. STATUTORY INFORMATION

Harepath (Wimbledon) 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2022 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,461 924
Amounts due from members - 80,220
Other debtors 921,373 838,839
VAT 34,081 32,374
Prepayments 62,293 -
1,031,208 952,357

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,075,053 2,918,997
Trade creditors 100,730 132,053
Social security and other taxes 647 -
Other creditors 1,026,625 1,104,276
Accruals and deferred income 1,279,655 1,552,093
Accrued expenses 1,800 7,800
7,484,510 5,715,219

Harepath (Wimbledon) LLP (Registered number: OC429503)

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


6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,075,053 2,918,997

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members have made loans to the LLP which rank equally with other creditors.