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REGISTERED NUMBER: OC346299 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MICHAEL WAGSTAFF & ASSOCIATES LLP

MICHAEL WAGSTAFF & ASSOCIATES LLP (REGISTERED NUMBER: OC346299)

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


MICHAEL WAGSTAFF & ASSOCIATES LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M Wagstaff
Mrs D Wagstaff





REGISTERED OFFICE: 12 Jasmine Grange
Woodhurst Park
Bracknell
RG42 5BD





REGISTERED NUMBER: OC346299 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

MICHAEL WAGSTAFF & ASSOCIATES LLP (REGISTERED NUMBER: OC346299)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 422 914

CURRENT ASSETS
Debtors 5 4,726 6,246
Cash at bank and in hand 4,659 5,506
9,385 11,752
CREDITORS
Amounts falling due within one year 6 1,742 2,035
NET CURRENT ASSETS 7,643 9,717
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

8,065

10,631

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

8,065

10,631

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 8,065 10,631

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.

MICHAEL WAGSTAFF & ASSOCIATES LLP (REGISTERED NUMBER: OC346299)

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 24 October 2024 and were signed by:





M Wagstaff - Designated member

MICHAEL WAGSTAFF & ASSOCIATES LLP (REGISTERED NUMBER: OC346299)

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


1. STATUTORY INFORMATION

Michael Wagstaff & Associates 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.

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 6,815
DEPRECIATION
At 1 April 2023 5,901
Charge for year 492
At 31 March 2024 6,393
NET BOOK VALUE
At 31 March 2024 422
At 31 March 2023 914

MICHAEL WAGSTAFF & ASSOCIATES LLP (REGISTERED NUMBER: OC346299)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,266 5,200
Other debtors 2,460 1,046
4,726 6,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 969 1,262
Other creditors 773 773
1,742 2,035

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loan and other debts due to members consists of debtors and cash less creditors.