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REGISTERED NUMBER: OC429463 (England and Wales)










Financial Statements

for the Year Ended 28 March 2024

for

Westerfield Consultancy Partnership LLP

Westerfield Consultancy Partnership LLP (Registered number: OC429463)






Contents of the Financial Statements
for the Year Ended 28 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westerfield Consultancy Partnership LLP

General Information
for the Year Ended 28 March 2024







DESIGNATED MEMBERS: E Scott
P Scott
Westerfield Consultancy Ltd





REGISTERED OFFICE: 62 Westerfield Road
Ipswich
IP4 2XN





REGISTERED NUMBER: OC429463 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Balance Sheet
28 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,712 17,867
Investment property 5 2,251,200 2,393,700
2,297,912 2,411,567

CURRENT ASSETS
Debtors 6 5,000 5,000
Cash at bank 3,539 4,276
8,539 9,276
CREDITORS
Amounts falling due within one year 7 (9,990 ) (36,214 )
NET CURRENT LIABILITIES (1,451 ) (26,938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,296,461

2,384,629

CREDITORS
Amounts falling due after more than one year 8 (1,238,712 ) (1,352,632 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,057,749

1,031,997

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,057,749

1,031,997

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,057,749 1,031,997

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 28 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.

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Balance Sheet - continued
28 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 8 November 2024 and were signed by:





P Scott - Designated member

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Notes to the Financial Statements
for the Year Ended 28 March 2024

1. STATUTORY INFORMATION

Westerfield Consultancy Partnership 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 as modified by the revaluation of certain assets.

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.
Motor vehicles - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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).

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Notes to the Financial Statements - continued
for the Year Ended 28 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 29 March 2023 44,843
Additions 52,144
Disposals (44,843 )
At 28 March 2024 52,144
DEPRECIATION
At 29 March 2023 26,976
Charge for year 5,432
Eliminated on disposal (26,976 )
At 28 March 2024 5,432
NET BOOK VALUE
At 28 March 2024 46,712
At 28 March 2023 17,867

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 March 2023 2,393,700
Additions 100,000
Disposals (162,500 )
Revaluations (80,000 )
At 28 March 2024 2,251,200
NET BOOK VALUE
At 28 March 2024 2,251,200
At 28 March 2023 2,393,700

Fair value at 28 March 2024 is represented by:
£   
Valuation in 2022 104,000
Valuation in 2023 (139,000 )
Valuation in 2024 (80,000 )
Cost 2,366,200
2,251,200

Westerfield Consultancy Partnership LLP (Registered number: OC429463)

Notes to the Financial Statements - continued
for the Year Ended 28 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 5,000 5,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,566
Hire purchase contracts 2,580 26,647
Accrued expenses 1,854 4,001
9,990 36,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 28,703 34,259
Hire purchase contracts 46,617 -
Mortgages 1,163,392 1,318,373
1,238,712 1,352,632

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 1,163,392 1,318,373

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in the event of a liquidation.