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REGISTERED NUMBER: OC353219 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Whitmarsh Lockhart LLP

Whitmarsh Lockhart LLP (Registered number: OC353219)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitmarsh Lockhart LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: P A Whitmarsh
Whitmarsh Lockhart Development Consultancy Ltd





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: OC353219 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Whitmarsh Lockhart LLP (Registered number: OC353219)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 72,640 -
Tangible assets 5 14,123 18,947
86,763 18,947

CURRENT ASSETS
Stocks 6 110 1,722
Debtors 7 35,745 38,646
Cash at bank and in hand 392,740 332,658
428,595 373,026
CREDITORS
Amounts falling due within one year 8 117,662 103,722
NET CURRENT ASSETS 310,933 269,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,696

288,251

CREDITORS
Amounts falling due after more than one
year

9

23,274

33,133
NET ASSETS ATTRIBUTABLE TO
MEMBERS

374,422

255,118

Whitmarsh Lockhart LLP (Registered number: OC353219)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

365,672

245,118

MEMBERS' OTHER INTERESTS
Capital accounts 8,750 10,000
374,422 255,118

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 365,672 245,118
Members' other interests 8,750 10,000
374,422 255,118

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 30 June 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 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 30 November 2023 and were signed by:




P A Whitmarsh - Designated member

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Whitmarsh Lockhart 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Office Move - 25% on reducing balance
Website Design - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 83,017
At 30 June 2023 83,017
AMORTISATION
Charge for year 10,377
At 30 June 2023 10,377
NET BOOK VALUE
At 30 June 2023 72,640

5. TANGIBLE FIXED ASSETS
Office Website Plant and
Move Design machinery
£    £    £   
COST
At 1 July 2022 9,485 21,025 6,285
Additions - - -
Disposals - - -
At 30 June 2023 9,485 21,025 6,285
DEPRECIATION
At 1 July 2022 8,939 18,025 6,013
Charge for year 136 - 68
Eliminated on disposal - - -
At 30 June 2023 9,075 18,025 6,081
NET BOOK VALUE
At 30 June 2023 410 3,000 204
At 30 June 2022 546 3,000 272

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 40,531 28,800 90,227 196,353
Additions 839 - - 839
Disposals (2,656 ) - (3,804 ) (6,460 )
At 30 June 2023 38,714 28,800 86,423 190,732
DEPRECIATION
At 1 July 2022 36,314 25,981 82,134 177,406
Charge for year 1,122 930 2,613 4,869
Eliminated on disposal (2,386 ) - (3,280 ) (5,666 )
At 30 June 2023 35,050 26,911 81,467 176,609
NET BOOK VALUE
At 30 June 2023 3,664 1,889 4,956 14,123
At 30 June 2022 4,217 2,819 8,093 18,947

6. STOCKS
2023 2022
£    £   
Stocks 110 472
Work in Progress - 1,250
110 1,722

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 23,042 19,257
Other Debtors 6,902 8,731
Prepayments 5,801 10,658
35,745 38,646

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,138 9,686
Trade Creditors 24,725 26,688
Social security and other taxes 2,824 2,780
VAT 27,639 21,896
Other Creditors 6,417 467
Accrued Expenses 45,919 42,205
117,662 103,722

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,183 9,932
Bank loans - 2-5 years 13,091 23,201
23,274 33,133

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

11. ULTIMATE CONTROLLING PARTY

The partnership is under the control of Paul Whitmarsh.