IRIS Accounts Production v24.2.0.383 OC436259 designated member designated member 1.4.23 31.3.24 31.3.24 veterinary services. false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4362592023-03-31OC4362592024-03-31OC4362592023-04-012024-03-31OC4362592022-03-31OC4362592022-04-012023-03-31OC4362592023-03-31OC436259ns15:EnglandWales2023-04-012024-03-31OC436259ns14:PoundSterling2023-04-012024-03-31OC436259ns10:PartnerLLP12023-04-012024-03-31OC436259ns10:PartnerLLP22023-04-012024-03-31OC436259ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC436259ns10:SmallEntities2023-04-012024-03-31OC436259ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31OC436259ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC436259ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC436259ns10:FullAccounts2023-04-012024-03-31OC436259ns10:RegisteredOffice2023-04-012024-03-31OC436259ns5:CurrentFinancialInstruments2024-03-31OC436259ns5:CurrentFinancialInstruments2023-03-31OC436259ns5:Non-currentFinancialInstruments2024-03-31OC436259ns5:Non-currentFinancialInstruments2023-03-31OC436259ns5:CapitalRedemptionReserve2024-03-31OC436259ns5:CapitalRedemptionReserve2023-03-31OC436259ns5:PlantMachinery2023-04-012024-03-31OC436259ns5:FurnitureFittings2023-04-012024-03-31OC436259ns5:OwnedAssets2023-04-012024-03-31OC436259ns5:OwnedAssets2022-04-012023-03-31OC436259ns5:LandBuildings2023-03-31OC436259ns5:PlantMachinery2023-03-31OC436259ns5:FurnitureFittings2023-03-31OC436259ns5:LandBuildings2023-04-012024-03-31OC436259ns5:LandBuildings2024-03-31OC436259ns5:PlantMachinery2024-03-31OC436259ns5:FurnitureFittings2024-03-31OC436259ns5:LandBuildings2023-03-31OC436259ns5:PlantMachinery2023-03-31OC436259ns5:FurnitureFittings2023-03-31OC436259ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC436259ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC436259ns5:Secured2024-03-31OC436259ns5:Secured2023-03-31
REGISTERED NUMBER: OC436259 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Vet Whitehaven LLP

The Vet Whitehaven LLP (Registered number: OC436259)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Reconciliation of Members' Interests 7

Notes to the Financial Statements 9


The Vet Whitehaven LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs S L Murphy
Miss L M Veitch





REGISTERED OFFICE: The Vet Whitehaven
Egremont Road
Hensingham
Whitehaven
Cumbria
CA28 8NH





REGISTERED NUMBER: OC436259 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

The Vet Whitehaven LLP (Registered number: OC436259)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs S L Murphy
Miss L M Veitch

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £102,011 (2023 - £76,825 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Miss L M Veitch - Designated member


10 July 2024

The Vet Whitehaven LLP (Registered number: OC436259)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   

TURNOVER 637,110 550,315

Cost of sales 201,592 131,194
GROSS PROFIT 435,518 419,121

Distribution costs 206,330 154,720
Administrative expenses 105,730 177,275
312,060 331,995
123,458 87,126

Other operating income - 3,660
OPERATING PROFIT 4 123,458 90,786


Interest payable and similar expenses 21,447 13,961
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



102,011



76,825

The Vet Whitehaven LLP (Registered number: OC436259)

Other Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



102,011



76,825


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

102,011

76,825

The Vet Whitehaven LLP (Registered number: OC436259)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 191,198 296,677

CURRENT ASSETS
Stocks - 22,885
Debtors 7 205,002 13,659
Cash at bank and in hand 44,676 125,119
249,678 161,663
CREDITORS
Amounts falling due within one year 8 102,252 88,007
NET CURRENT ASSETS 147,426 73,656
TOTAL ASSETS LESS CURRENT LIABILITIES 338,624 370,333

CREDITORS
Amounts falling due after more than one
year

9

203,449

235,158
NET ASSETS ATTRIBUTABLE TO MEMBERS 135,175 135,175

The Vet Whitehaven LLP (Registered number: OC436259)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

135,175

58,350

MEMBERS' OTHER INTERESTS
Other reserves - 76,825
135,175 135,175

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 135,175 58,350
Members' other interests - 76,825
Amounts due from members 7 (205,002 ) -
(69,827 ) 135,175

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 10 July 2024 and were signed by:




Mrs S L Murphy - Designated member




Miss L M Veitch - Designated member


The Vet Whitehaven LLP (Registered number: OC436259)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 58,350
Amount due from members -
Balance at 1 April 2023 76,825 58,350 135,175
Profit for the financial year
available for discretionary division
among members


102,011


-


102,011


Members' interests after profit for
the year

178,836

58,350

237,186

Other divisions of profit (102,011 ) 102,011 -
Allocated profit for period (76,825 ) - (76,825 )
Introduced by members - 77,352 77,352
Drawings on account and
distributions of profit

-

(307,540

)

(307,540

)

Amount due to members 135,175
Amount due from members (205,002 )
Balance at 31 March 2024 - (69,827 ) (69,827 )

The Vet Whitehaven LLP (Registered number: OC436259)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 137,143
Amount due from members -
Balance at 1 April 2022 (26,040 ) 137,143 111,103
Profit for the financial year
available for discretionary division
among members


76,825


-


76,825


Members' interests after profit for
the year

50,785

137,143

187,928

Allocated profit for period 26,040 - 26,040
Repayments of debt (including
members' capital classified as a
liability)


-


(78,793


)


(78,793


)


Amount due to members 58,350
Amount due from members -
Balance at 31 March 2023 76,825 58,350 135,175

The Vet Whitehaven LLP (Registered number: OC436259)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

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 18 (2023 - 10 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets - 30,987

5. INFORMATION IN RELATION TO MEMBERS

31.3.24 31.3.23

The average number of members during the year was 2 2

The Vet Whitehaven LLP (Registered number: OC436259)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 191,198 70,454 66,012 327,664
Additions - 39,927 2,433 42,360
Disposals - (110,381 ) (68,445 ) (178,826 )
At 31 March 2024 191,198 - - 191,198
DEPRECIATION
At 1 April 2023 - 16,436 14,551 30,987
Eliminated on disposal - (16,436 ) (14,551 ) (30,987 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 191,198 - - 191,198
At 31 March 2023 191,198 54,018 51,461 296,677

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 11,843
Other debtors 205,002 1,816
205,002 13,659

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 26,091 19,146
Hire purchase contracts 4,909 -
Trade creditors 40 25,997
Taxation and social security - 35,020
Other creditors 71,212 7,844
102,252 88,007

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 196,391 225,340
Hire purchase contracts 4,433 9,818
Other creditors 2,625 -
203,449 235,158

The Vet Whitehaven LLP (Registered number: OC436259)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 222,482 244,486

11. 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.