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REGISTERED NUMBER: OC386781 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Frizzell & Partners Wealth
Management LLP

Frizzell & Partners Wealth
Management LLP (Registered number: OC386781)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frizzell & Partners Wealth
Management LLP

General Information
for the Year Ended 31 July 2023







DESIGNATED MEMBERS: Mr T C Frizzell
Mrs H L Frizzell





REGISTERED OFFICE: 1 St Marys Court
Wallingford
Oxfordshire
OX10 0EB





REGISTERED NUMBER: OC386781 (England and Wales)





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Frizzell & Partners Wealth
Management LLP (Registered number: OC386781)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 - 1,533,903
Cash at bank 17,683 2,691
17,683 1,536,594
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

5

(2,045

)

(1,500

)
NET CURRENT ASSETS 15,638 1,535,094
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

15,638

1,535,094

LOANS AND OTHER DEBTS DUE
TO MEMBERS

6

15,638

1,516,218

MEMBERS' OTHER INTERESTS
Capital accounts - 18,876
15,638 1,535,094

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

6

15,638

1,516,218
Members' other interests - 18,876
Amounts due from members 4 - (1,443,432 )
15,638 91,662

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 July 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.

Frizzell & Partners Wealth
Management LLP (Registered number: OC386781)

Balance Sheet - continued
31 July 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.

Approved and authorised by the members of the LLP and authorised for issue on 19 February 2024 and were signed by:





Mr T C Frizzell - Designated member

Frizzell & Partners Wealth
Management LLP (Registered number: OC386781)

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

1. STATUTORY INFORMATION

Frizzell & Partners Wealth Management 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.

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 NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 90,857
Other debtors - 1,443,046
- 1,533,903

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,045 1,500

Frizzell & Partners Wealth
Management LLP (Registered number: OC386781)

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

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.