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REGISTERED NUMBER: SO307545 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

WBP SCO NE LLP

WBP SCO NE LLP (REGISTERED NUMBER: SO307545)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WBP SCO NE LLP

GENERAL INFORMATION
for the year ended 31 March 2024







DESIGNATED MEMBERS: J A Whyte
L Friseal





REGISTERED OFFICE: 5 Lethnot Place
Carnoustie
Angus
DD7 6GP





REGISTERED NUMBER: SO307545 (Scotland)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

WBP SCO NE LLP (REGISTERED NUMBER: SO307545)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 115,200 129,600
Property, plant and equipment 5 5,074 2,740
120,274 132,340

CURRENT ASSETS
Inventories 1,561 2,186
Debtors 6 6,722 1,123
Cash at bank 100,852 146,736
109,135 150,045
CREDITORS
Amounts falling due within one year 7 67,858 81,253
NET CURRENT ASSETS 41,277 68,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,551

201,132

CREDITORS
Amounts falling due after more than one
year

8

63,994

83,192
NET ASSETS ATTRIBUTABLE TO
MEMBERS

97,557

117,940

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

97,557

117,940

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 97,557 117,940

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 2024.

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.

WBP SCO NE LLP (REGISTERED NUMBER: SO307545)

BALANCE SHEET - continued
31 March 2024


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 13 August 2024 and were signed by:




J A Whyte - Designated member




L Friseal - Designated member


WBP SCO NE LLP (REGISTERED NUMBER: SO307545)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

WBP SCO NE LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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.

Franchise territory are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 25% straight line
Computer equipment - 33% straight line

STOCKS
Inventories 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

WBP SCO NE LLP (REGISTERED NUMBER: SO307545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Franchise
territory
£   
COST
At 1 April 2023
and 31 March 2024 144,000
AMORTISATION
At 1 April 2023 14,400
Amortisation for year 14,400
At 31 March 2024 28,800
NET BOOK VALUE
At 31 March 2024 115,200
At 31 March 2023 129,600

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 341 2,695 3,036
Additions 1,071 - 2,618 3,689
At 31 March 2024 1,071 341 5,313 6,725
DEPRECIATION
At 1 April 2023 - 14 282 296
Charge for year 146 85 1,124 1,355
At 31 March 2024 146 99 1,406 1,651
NET BOOK VALUE
At 31 March 2024 925 242 3,907 5,074
At 31 March 2023 - 327 2,413 2,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,722 1,123

WBP SCO NE LLP (REGISTERED NUMBER: SO307545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,198 19,198
Trade creditors 23,505 6,285
Taxation and social security 40 58
Other creditors 25,115 55,712
67,858 81,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 63,994 83,192

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 97,557 117,940

Falling due within one year 97,557 117,940

Amounts due to members rank equally alongside the other unsecured creditors.