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REGISTERED NUMBER: OC304694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GEORGE F. WHITE LLP

GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Members' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of George F. White LLP for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of George F. White LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of George F. White LLP and state those matters that we have agreed to state to the members of George F. White LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George F. White LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that George F. White LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of George F. White LLP. You consider that George F. White LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of George F. White LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


23 August 2024

GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,953 83,117
Tangible assets 5 96,514 141,099
Investments 6 - 12,002
157,467 236,218

CURRENT ASSETS
Debtors 7 1,976,170 1,393,076
Cash at bank and in hand 182,574 446,299
2,158,744 1,839,375
CREDITORS
Amounts falling due within one year 8 957,404 875,042
NET CURRENT ASSETS 1,201,340 964,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,358,807

1,200,551

CREDITORS
Amounts falling due after more than one
year

9

422,142

228,226
NET ASSETS ATTRIBUTABLE TO
MEMBERS

936,665

972,325

GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

BALANCE SHEET - continued
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,665

14,825

MEMBERS' OTHER INTERESTS
Capital accounts 935,000 957,500
936,665 972,325

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,665 14,825
Members' other interests 935,000 957,500
Amounts due from members 7 (1,006,441 ) (389,264 )
(69,776 ) 583,061

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 August 2024 and were signed by:




R K Garland - Designated member




Mrs S A Hart - Designated member


GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

George F. White LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC304694

Registered office: 6 Market Street
Alnwick
Northumberland
NE66 1TL

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - In line with the lease terms
Plant and machinery - 20% on cost

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.

Members' participation rights
Members are permitted to make drawings in anticipation of profits which will be allocated to them. Surplus profits are then allocated and divided between the members.

New members are required to subscribe a minimum level of capital which is repaid on retirement.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 85 (2023 - 96 ) .

GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 210,822
AMORTISATION
At 1 April 2023 127,705
Charge for year 22,164
At 31 March 2024 149,869
NET BOOK VALUE
At 31 March 2024 60,953
At 31 March 2023 83,117

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 358,468 541,756 900,224
Additions - 5,896 5,896
At 31 March 2024 358,468 547,652 906,120
DEPRECIATION
At 1 April 2023 299,941 459,184 759,125
Charge for year 27,423 23,058 50,481
At 31 March 2024 327,364 482,242 809,606
NET BOOK VALUE
At 31 March 2024 31,104 65,410 96,514
At 31 March 2023 58,527 82,572 141,099

GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 45,570
DEPRECIATION
At 1 April 2023 12,096
Charge for year 5,021
At 31 March 2024 17,117
NET BOOK VALUE
At 31 March 2024 28,453
At 31 March 2023 33,474

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023 12,002
Disposals (12,002 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 12,002

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 711,712 748,296
Amounts recoverable on contract 100,728 96,936
Other debtors 1,163,730 547,844
1,976,170 1,393,076

Included within other debtors is an amount of £1,006,441 (2023 £389,264) due from members in respect of current accounts.

GEORGE F. WHITE LLP (REGISTERED NUMBER: OC304694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 330,380 153,870
Hire purchase contracts 11,968 19,535
Trade creditors 207,420 166,451
Taxation and social security 249,836 205,405
Other creditors 157,800 329,781
957,404 875,042

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 422,142 223,823
Hire purchase contracts - 4,403
422,142 228,226

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/3/24 31/3/23
£    £   
Amounts owed to members in respect of profits 1,665 14,825

Falling due within one year 1,665 14,825

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

11. RELATED PARTY DISCLOSURES

During the year ended 31 March 2024 the following transactions with members took place:

Consultancy fees amounting to £77,961 (2023 £33,000) were charged to the LLP by Boldron Limited, a company controlled by D R Peat and his wife, in respect of work undertaken by the LLP. £nil (2023 £nil) was owed to Boldron Limited at the Balance Sheet date in this connection.