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Registered number: SO307352
WISHART PROPERTY LLP
Unaudited Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO307352
5 April 2024 5 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,277,408 1,277,408
1,277,408 1,277,408
CURRENT ASSETS
Debtors 5 990 5,884
Cash at bank and in hand 10,234 59,465
11,224 65,349
Creditors: Amounts Falling Due Within One Year 6 (9,047 ) (14,169 )
NET CURRENT ASSETS (LIABILITIES) 2,177 51,180
TOTAL ASSETS LESS CURRENT LIABILITIES 1,279,585 1,328,588
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,279,585 1,328,588
REPRESENTED BY:
Equity
Members' other interests
Members' capital 1,234,607 1,291,193
Other reserves 44,978 37,395
1,279,585 1,328,588
TOTAL MEMBERS' INTEREST
Members' other interests 1,279,585 1,328,588
1,279,585 1,328,588
Page 1
Page 2
For the year ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Michael Wishart
Partner
20 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WISHART PROPERTY LLP is a limited liability partnership, incorporated in England & Wales, registered number SO307352 . The Registered Office is 23 Priestfield Road, Edinburgh, EH16 5HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 6 April 2023 1,277,408
As at 5 April 2024 1,277,408
Net Book Value
As at 5 April 2024 1,277,408
As at 6 April 2023 1,277,408
5. Debtors
5 April 2024 5 April 2023
£ £
Due within one year
Trade debtors 895 5,779
Other debtors 95 105
990 5,884
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
5 April 2024 5 April 2023
£ £
Trade creditors - 86
Other creditors 9,047 14,083
9,047 14,169
Page 4