1 April 2023 false Taxfiler 2024.6 OC425813business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC4258132023-03-31 OC4258132023-04-012024-03-31 OC425813business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC425813business:FullAccounts2023-04-012024-03-31 OC4258132024-03-31 OC425813business:PartnerLLP12023-04-012024-03-31 OC425813business:PartnerLLP22023-04-012024-03-31 OC425813business:RegisteredOffice2023-04-012024-03-31 OC4258132023-03-31 OC425813core:WithinOneYear2024-03-31 OC425813core:WithinOneYear2023-03-31 OC425813core:AfterOneYear2024-03-31 OC425813core:AfterOneYear2023-03-31 OC425813core:RetainedEarningsAccumulatedLosses2024-03-31 OC425813core:RetainedEarningsAccumulatedLosses2023-03-31 OC425813business:SmallEntities2023-04-012024-03-31 OC425813countries:EnglandWales2023-04-012024-03-31 OC425813core:Goodwill2023-03-31 OC425813core:Goodwill2023-04-012024-03-31 OC425813core:Goodwill2024-03-31 OC425813core:ComputerEquipment2023-03-31 OC425813core:ComputerEquipment2024-03-31 OC425813core:DisposalsRepaymentsInvestments2024-03-31 OC4258132022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC425813 (England and Wales)
Nine Wealth Management LLP Unaudited accounts for the year ended 31 March 2024
Nine Wealth Management LLP LLP Information for the year ended 31 March 2024
Designated members
Mr Andrew Booth
Mrs Lianne Booth
Registered Number
OC425813 (England and Wales)
Registered Office
Avalon House 5-7 Cathedral Road Cardiff CF11 9HA Wales
Accountants
Optimum Tax and Accounting Ltd 4 Glasshouse Studios Fryern Court Road Hants SP6 1QX
- 2 -
Nine Wealth Management LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
144,412 
180,000 
Tangible assets
22,700 
22,700 
Investments
- 
7,000 
167,112 
209,700 
Current assets
Debtors
65,737 
34,087 
Cash at bank and in hand
15,726 
4,758 
81,463 
38,845 
Creditors: amounts falling due within one year
(72,474)
(114,237)
Net current assets/(liabilities)
8,989 
(75,392)
Total assets less current liabilities
176,101 
134,308 
Creditors: amounts falling due after more than one year
(23,352)
(104,646)
Net assets attributable to members
152,749 
29,662 
Represented by:
Loans and other debts due to members
29,662 
29,662 
Members' other interests
Other reserves
123,087 
- 
152,749 
29,662 
Total members' interests
Loans and other debts due to members
29,662 
29,662 
Members' other interests
123,087 
- 
152,749 
29,662 
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 2 December 2024.
Mr Andrew Booth Designated member Limited Liability Partnership Registration No. OC425813
- 3 -
Nine Wealth Management LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of seven years.
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
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.
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.
2
Statutory information
Nine Wealth Management LLP is a limited liability partnership, incorporated in England and Wales, registration number OC425813. Its registered office is Avalon House, 5-7 Cathedral Road, Cardiff, CF11 9HA, Wales.
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
450,000 
Additions
29,412 
At 31 March 2024
479,412 
Amortisation
At 1 April 2023
270,000 
Charge for the year
65,000 
At 31 March 2024
335,000 
Net book value
At 31 March 2024
144,412 
At 31 March 2023
180,000 
- 4 -
Nine Wealth Management LLP Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
22,700 
At 31 March 2024
22,700 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
22,700 
At 31 March 2023
22,700 
5
Investments
Other investments 
Cost
£ 
At 1 April 2023
7,000 
Disposals
(7,000)
At 31 March 2024
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,255 
95,469 
Trade creditors
12,804 
3,808 
Taxes and social security costs
1,673 
1,695 
Other creditors
14,378 
9,665 
Accruals
3,364 
3,600 
72,474 
114,237 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,352 
104,646 
8
Loans and other debts due to members
2024 
2023 
£ 
£ 
Members' capital classified as a liability
29,662 
29,662 
Amounts falling due within one year
29,662 
29,662 
Loans and other debts due to members' (other than members' capital classified as debt) would rank below other creditors.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 5 -