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REGISTERED NUMBER: OC421129 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

WEMBLEY OPTICAL LLP

WEMBLEY OPTICAL LLP (REGISTERED NUMBER: OC421129)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Chartered Accountants' Report 1

Balance Sheet 2


CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WEMBLEY OPTICAL LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Wembley Optical LLP for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Wembley Optical LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wembley Optical LLP and state those matters that we have agreed to state to the members of Wembley Optical LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wembley Optical LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Wembley Optical LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wembley Optical LLP. You consider that Wembley Optical LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wembley Optical LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


30 January 2024

WEMBLEY OPTICAL LLP (REGISTERED NUMBER: OC421129)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
£ £ £ £
FIXED ASSETS 63,950 95,075

CURRENT ASSETS 109,158 155,752

CREDITORS
Amounts falling due within one year (213,467 ) (127,569 )
NET CURRENT (LIABILITIES)/ASSETS (104,309 ) 28,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,359

)

123,258

CREDITORS
Amounts falling due after more than one
year

95,842

132,942
NET LIABILITIES (136,201 ) (9,684 )

LOANS AND OTHER DEBTS DUE TO MEMBERS 35,873 28,085

MEMBERS' OTHER INTERESTS (172,074 ) (37,769 )

(136,201 ) (9,684 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Wembley Optical LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC421129

Registered office: 505 Pinner Road
Wembley
Middlesex
HA2 6EH

2. AVERAGE NUMBER OF EMPLOYEES

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

WEMBLEY OPTICAL LLP (REGISTERED NUMBER: OC421129)

BALANCE SHEET - continued
31 MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

3. OTHER FINANCIAL COMMITMENTS

BANK LOAN
A government-backed bounce back loan is unsecured, and it is repayable by equal monthly instalments over six years. The rate of interest charged is 2.5% pa.

OTHER LOAN
Other loans are secured via a personal guarantee.

FINANCE LEASE
Unlimited personal guarantees on the members secure the finance lease, and it is repayable by equal monthly instalments over five years.



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 micro-entity provisions and delivered 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 30 January 2024 and were signed by:





I Karimjee - Designated member