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REGISTERED NUMBER: 08667053 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Wakefield Partners Limited

Wakefield Partners Limited (Registered number: 08667053)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wakefield Partners Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr E Wakefield





SECRETARY: Mrs L M A Wakefield





REGISTERED OFFICE: Bramdean House
Bramdean
Alresford
Hampshire
SO24 OJU





REGISTERED NUMBER: 08667053 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Wakefield Partners Limited (Registered number: 08667053)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,983 5,376
Investments 5 100,500 54,989
103,483 60,365

CURRENT ASSETS
Debtors 6 11,960 11,686
Cash at bank 11,598 10,718
23,558 22,404
CREDITORS
Amounts falling due within one year 7 35,626 15,871
NET CURRENT (LIABILITIES)/ASSETS (12,068 ) 6,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,415

66,898

PROVISIONS FOR LIABILITIES 8 690 1,022
NET ASSETS 90,725 65,876

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 90,724 65,875
SHAREHOLDERS' FUNDS 90,725 65,876

Wakefield Partners Limited (Registered number: 08667053)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





Mr E Wakefield - Director


Wakefield Partners Limited (Registered number: 08667053)

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

1. STATUTORY INFORMATION

Wakefield Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Fixed asset investments are recorded at historic cost and disclosed using the cost model.

3. EMPLOYEES

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

Wakefield Partners Limited (Registered number: 08667053)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 2,696 7,565 10,261
Additions - 333 333
Disposals - (1,113 ) (1,113 )
At 31 August 2024 2,696 6,785 9,481
DEPRECIATION
At 1 September 2023 675 4,210 4,885
Charge for year 673 1,189 1,862
Eliminated on disposal - (249 ) (249 )
At 31 August 2024 1,348 5,150 6,498
NET BOOK VALUE
At 31 August 2024 1,348 1,635 2,983
At 31 August 2023 2,021 3,355 5,376

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 54,989
Additions 100,500
Disposals (54,989 )
At 31 August 2024 100,500
NET BOOK VALUE
At 31 August 2024 100,500
At 31 August 2023 54,989

The fixed asset investments are disclosed on the basis of the cost model.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 625 -
Prepayments 11,335 11,686
11,960 11,686

Wakefield Partners Limited (Registered number: 08667053)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 2,308 8,506
VAT - 4,310
Directors' current accounts 32,418 2,205
Accrued expenses 900 850
35,626 15,871

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 690 1,022

Deferred
tax
£   
Balance at 1 September 2023 1,022
Accelerated capital allowances (332 )
Balance at 31 August 2024 690

9. RELATED PARTY DISCLOSURES

Mr E Wakefield
Director

At the balance sheet date the company owed the director £32,418 (2023 - £2,205).

During the year the company purchased an investment from the director for £100,000 (2023 - £Nil).