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REGISTERED NUMBER: OC429463 (England and Wales)










Financial Statements

for the Period 1 April 2022 to 28 March 2023

for

Westerfield Consultancy Partnership LLP

Westerfield Consultancy Partnership LLP (Registered number: OC429463)






Contents of the Financial Statements
for the Period 1 April 2022 to 28 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westerfield Consultancy Partnership LLP

General Information
for the Period 1 April 2022 to 28 March 2023







DESIGNATED MEMBERS: E Scott
P Scott
Westerfield Consultancy Ltd





REGISTERED OFFICE: 62 Westerfield Road
Ipswich
IP4 2XN





REGISTERED NUMBER: OC429463 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Balance Sheet
28 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,867 23,823
Investment property 5 2,393,700 2,047,500
2,411,567 2,071,323

CURRENT ASSETS
Debtors 6 5,000 -
Cash at bank 4,276 2,922
9,276 2,922
CREDITORS
Amounts falling due within one year 7 (36,214 ) (15,047 )
NET CURRENT LIABILITIES (26,938 ) (12,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,384,629

2,059,198

CREDITORS
Amounts falling due after more than one year 8 (1,352,632 ) (1,251,139 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,031,997

808,059

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,031,997

808,059

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,031,997 808,059

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 period ended 28 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.

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Balance Sheet - continued
28 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 12 February 2024 and were signed by:





P Scott - Designated member

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Notes to the Financial Statements
for the Period 1 April 2022 to 28 March 2023

1. STATUTORY INFORMATION

Westerfield Consultancy Partnership 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

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
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 period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 28 March 2023 44,843
DEPRECIATION
At 1 April 2022 21,020
Charge for period 5,956
At 28 March 2023 26,976
NET BOOK VALUE
At 28 March 2023 17,867
At 31 March 2022 23,823

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 28 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,047,500
Additions 485,200
Revaluations (139,000 )
At 28 March 2023 2,393,700
NET BOOK VALUE
At 28 March 2023 2,393,700
At 31 March 2022 2,047,500

Fair value at 28 March 2023 is represented by:
£   
Valuation in 2022 104,000
Valuation in 2023 (139,000 )
Cost 2,428,700
2,393,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 5,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,566 5,717
Hire purchase contracts 26,647 4,929
Accrued expenses 4,001 4,401
36,214 15,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 34,259 39,653
Hire purchase contracts - 26,646
Mortgages 1,318,373 1,184,840
1,352,632 1,251,139

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 28 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 1,318,373 1,184,840

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in the event of a liquidation.