IRIS Accounts Production v23.3.0.418 OC334808 designated member 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3348082022-02-28OC3348082023-02-28OC3348082022-03-012023-02-28OC3348082021-02-28OC3348082021-03-012022-02-28OC3348082022-02-28OC334808ns16:EnglandWales2022-03-012023-02-28OC334808ns15:PoundSterling2022-03-012023-02-28OC334808ns11:Director12022-03-012023-02-28OC334808ns11:LimitedLiabilityPartnershipLLP2022-03-012023-02-28OC334808ns11:SmallEntities2022-03-012023-02-28OC334808ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28OC334808ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28OC334808ns11:LimitedLiabilityPartnershipsSORP2022-03-012023-02-28OC334808ns11:FullAccounts2022-03-012023-02-28OC334808ns11:RegisteredOffice2022-03-012023-02-28OC334808ns6:CurrentFinancialInstruments2023-02-28OC334808ns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: OC334808 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BWD (STUD) LLP

BWD (STUD) LLP (REGISTERED NUMBER: OC334808)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BWD (STUD) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DESIGNATED MEMBERS: Mr H W Bilton
Mr R Bilton





REGISTERED OFFICE: Stone Cottage
Summerhill Road
Prestbury
Macclesfield
Cheshire
SK10 4AH





REGISTERED NUMBER: OC334808 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN

BWD (STUD) LLP (REGISTERED NUMBER: OC334808)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Stocks 4 302,187 302,187
Debtors 21,629 19,880
Cash at bank 815 612
324,631 322,679
CREDITORS
Amounts falling due within one year 5 900 800
NET CURRENT ASSETS 323,731 321,879
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 323,731 321,879

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

323,731

321,879

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 323,731 321,879
Amounts due from members (21,629 ) (19,880 )
302,102 301,999

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 28 February 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.

BWD (STUD) LLP (REGISTERED NUMBER: OC334808)

BALANCE SHEET - continued
28 FEBRUARY 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 17 May 2023 and were signed by:





Mr H W Bilton - Designated member

BWD (STUD) LLP (REGISTERED NUMBER: OC334808)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

BWD (Stud) 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BWD (STUD) LLP (REGISTERED NUMBER: OC334808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Going concern
At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

3. EMPLOYEE INFORMATION

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

BWD (STUD) LLP (REGISTERED NUMBER: OC334808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. STOCKS
28.2.23 28.2.22
£    £   
Stocks 255,313 255,313
Work-in-progress 46,874 46,874
302,187 302,187

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 900 800

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors and may be set-off against amounts due from members included in debtors.