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REGISTERED NUMBER: OC327332 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WEATHERER BAILEY BRAGG LLP

WEATHERER BAILEY BRAGG LLP (REGISTERED NUMBER: OC327332)

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


WEATHERER BAILEY BRAGG LLP

GENERAL INFORMATION
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: A J Weatherer
Devoirs Properties Limited





REGISTERED OFFICE: Victoria Chambers
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: OC327332 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

WEATHERER BAILEY BRAGG LLP (REGISTERED NUMBER: OC327332)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,648 44,812

CURRENT ASSETS
Debtors 5 148,319 250,733
Cash at bank 79,932 67,291
228,251 318,024
CREDITORS
Amounts falling due within one year 6 36,205 43,723
NET CURRENT ASSETS 192,046 274,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,694

319,113

CREDITORS
Amounts falling due after more than one year 7 16,316 22,579
NET ASSETS ATTRIBUTABLE TO
MEMBERS

209,378

296,534

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

209,378

296,534

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 209,378 296,534

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.

WEATHERER BAILEY BRAGG LLP (REGISTERED NUMBER: OC327332)

BALANCE SHEET - continued
31 March 2023


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 9 January 2024 and were signed by:





A J Weatherer - Designated member

WEATHERER BAILEY BRAGG LLP (REGISTERED NUMBER: OC327332)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Weatherer Bailey Bragg 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 57,024 52,844 11,363 121,231
DEPRECIATION
At 1 April 2022 56,249 8,807 11,363 76,419
Charge for year 155 11,009 - 11,164
At 31 March 2023 56,404 19,816 11,363 87,583
NET BOOK VALUE
At 31 March 2023 620 33,028 - 33,648
At 31 March 2022 775 44,037 - 44,812

WEATHERER BAILEY BRAGG LLP (REGISTERED NUMBER: OC327332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,955 19,700
Other debtors 124,364 231,033
148,319 250,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,964 7,467
Trade creditors 23,076 19,495
Other creditors - 10,701
Accruals and deferred income 6,165 6,060
36,205 43,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,316 22,579

8. 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'