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
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
Nine Wealth Management LLP
Statement of financial position
as at 31 March 2024
Intangible assets
144,412
180,000
Tangible assets
22,700
22,700
Cash at bank and in hand
15,726
4,758
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
Loans and other debts due to members
29,662
29,662
Loans and other debts due to members
29,662
29,662
Members' other interests
123,087
-
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
Nine Wealth Management LLP
Notes to the Accounts
for the year ended 31 March 2024
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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.
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
Charge for the year
65,000
Nine Wealth Management LLP
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
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
7
Creditors: amounts falling due after more than one year
2024
2023
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).