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REGISTERED NUMBER: OC323334 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

WISE HOME BUILDING LLP

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


WISE HOME BUILDING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: Mr D J Wise
Mrs B T Wise





REGISTERED OFFICE: Turret Cottage
86 Fishbourne Lane
Ryde
Isle of Wight
PO33 4EU





REGISTERED NUMBER: OC323334 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166 208
Investment property 5 360,000 360,000
360,166 360,208

CURRENT ASSETS
Debtors 6 8,938 8,080
Cash at bank 2,040 1,872
10,978 9,952
CREDITORS
Amounts falling due within one year 7 1,000 901
NET CURRENT ASSETS 9,978 9,051
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 370,144 369,259

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 370,144 369,259

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 370,144 369,259

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 5 April 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.

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

BALANCE SHEET - continued
5 APRIL 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 26 November 2024 and were signed by:





Mr D J Wise - Designated member

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Wise Home Building 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.

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 etc - 20% on reducing balance

Investment property
Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement.

To ensure that the investment properties are properly disclosed, the directors review the valuations annually and if deemed appropriate professional independent valuation is sought.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 1,106
DEPRECIATION
At 6 April 2023 898
Charge for year 42
At 5 April 2024 940
NET BOOK VALUE
At 5 April 2024 166
At 5 April 2023 208

WISE HOME BUILDING LLP (REGISTERED NUMBER: OC323334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 360,000
NET BOOK VALUE
At 5 April 2024 360,000
At 5 April 2023 360,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,938 8,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,000 901

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 370,144 369,259

Falling due within one year 370,144 369,259

The above debts due to members would be ranked equally with other creditors in the event of the LLP winding up.