Robert Whowell & Partners LLP OC446306 false 2023-07-01 2023-12-31 2023-12-31 The principal activity of the company is Chartered Accountants Digita Accounts Production Advanced 6.30.9574.0 true OC446306 2023-07-01 2023-12-31 OC446306 2023-12-31 OC446306 core:CurrentFinancialInstruments 2023-12-31 OC446306 core:WithinOneYear 2023-12-31 OC446306 core:FurnitureFittings 2023-12-31 OC446306 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 OC446306 core:MotorVehicles 2023-12-31 OC446306 bus:SmallEntities 2023-07-01 2023-12-31 OC446306 bus:Audited 2023-07-01 2023-12-31 OC446306 bus:FilletedAccounts 2023-07-01 2023-12-31 OC446306 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2023-12-31 OC446306 bus:RegisteredOffice 2023-07-01 2023-12-31 OC446306 bus:PartnerLLP1 2023-07-01 2023-12-31 OC446306 bus:PartnerLLP3 2023-07-01 2023-12-31 OC446306 bus:PartnerLLP7 2023-07-01 2023-12-31 OC446306 bus:LimitedLiabilityPartnershipLLP 2023-07-01 2023-12-31 OC446306 core:FurnitureFittings 2023-07-01 2023-12-31 OC446306 core:FurnitureFittingsToolsEquipment 2023-07-01 2023-12-31 OC446306 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2023-12-31 OC446306 core:LeaseholdImprovements 2023-07-01 2023-12-31 OC446306 core:MotorVehicles 2023-07-01 2023-12-31 OC446306 1 2023-07-01 2023-12-31 OC446306 countries:AllCountries 2023-07-01 2023-12-31 OC446306 2023-03-15 2023-06-30 OC446306 2023-06-30 OC446306 core:CurrentFinancialInstruments 2023-06-30 OC446306 core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: OC446306

Robert Whowell & Partners LLP

Annual Report and Financial Statements

for the period from 1 July 2023 to 31 December 2023

 

Robert Whowell & Partners LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 8

Balance Sheet

2

Notes to the Financial Statements

4

 

Robert Whowell & Partners LLP

Limited liability partnership information

Designated members

DC Potter Limited

JR Whowell Limited

Johnson B Limited
 

Registered office

Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

Auditors

SCCA Ltd T/A Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
BL1 4JU

 

Robert Whowell & Partners LLP

(Registration number: OC446306)
Balance Sheet as at 31 December 2023

Note

31 December 2023
 £

30 June 2023
 £

Fixed assets

 

Tangible assets

3

77,037

-

Current assets

 

Stocks

4

127,510

-

Debtors

5

737,702

-

Cash and short-term deposits

 

133,176

-

 

998,388

-

Creditors: Amounts falling due within one year

6

(187,805)

-

Net current assets

 

810,583

-

Net assets attributable to members

 

887,620

-

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

117,620

-

Members’ other interests

 

Members' capital classified as equity

 

770,000

-

   

887,620

-

Total members' interests

 

Loans and other debts due to members

 

117,620

-

Equity

 

770,000

-

   

887,620

-

 

Robert Whowell & Partners LLP

(Registration number: OC446306)
Balance Sheet as at 31 December 2023 (continued)

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

The financial statements of Robert Whowell & Partners LLP (registered number OC446306) were approved by the Board and authorised for issue on 13 September 2024. They were signed on behalf of the limited liability partnership by:

.........................................
DC Potter Limited
Designated member

.........................................
JR Whowell Limited
Designated member

.........................................
Johnson B Limited
Designated member

 

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 December 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Robert Whowell & Partners LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Disclosure of long or short period

These financial statements have been prepared for the six months to 31 December 2023. The period has been shortened to ensure that the period end is co-terminous with the rest of the group.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 13 September 2024 was Robert Stafford BA (Hons) FCA, who signed for and on behalf of SCCA Ltd T/A Stafford & Co.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

 

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 December 2023 (continued)

1

Accounting policies (continued)

Members' remuneration and division of profits

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.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Tangible fixed assets are measured at cost or valuation, net of any depreciation and any impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% straight line

Fixtures, fittings and equipment

10% and 20% straight line

Motor vehicles

20% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

 

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 December 2023 (continued)

1

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 27 (2023 - 0).

 

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 December 2023 (continued)

3

Tangible fixed assets

Leasehold improvements
£

Fixtures, fittings and equipment
£

Motor vehicles
£

Total
£

Cost

Additions

56,447

12,147

13,410

82,004

At 31 December 2023

56,447

12,147

13,410

82,004

Depreciation

Charge for the year

2,486

1,140

1,341

4,967

At 31 December 2023

2,486

1,140

1,341

4,967

Net book value

At 31 December 2023

53,961

11,007

12,069

77,037

 

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Period from 1 July 2023 to 31 December 2023 (continued)

4

Stocks

31 December 2023
 £

30 June 2023
 £

Work in progress

127,510

-

5

Debtors

31 December 2023
 £

30 June 2023
 £

Trade debtors

681,934

-

Other debtors

19,143

-

Prepayments and accrued income

36,625

-

Total current trade and other debtors

737,702

-

6

Creditors: Amounts falling due within one year

31 December 2023
 £

30 June 2023
 £

Trade creditors

9,735

-

Other creditors

5,476

-

Accruals and deferred income

1,879

-

Taxation and social security

170,715

-

187,805

-

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.

The parent of the largest group in which results are consolidated is ETL Holdings (UK) Ltd.
Consolidated financial statements are available from:
1 Pavilion Square, Westhoughton, Bolton, BL5 3AJ

The ultimate parent is ETL Holdings (UK) Ltd.