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REGISTERED NUMBER: OC353219 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Whitmarsh Lockhart LLP

Whitmarsh Lockhart LLP (Registered number: OC353219)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitmarsh Lockhart LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: P A Whitmarsh





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: OC353219 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Whitmarsh Lockhart LLP (Registered number: OC353219)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,132 72,640
Tangible assets 5 42,486 14,123
73,618 86,763

CURRENT ASSETS
Stocks 6 110 110
Debtors 7 30,554 35,745
Cash at bank and in hand 122,749 392,740
153,413 428,595
CREDITORS
Amounts falling due within one year 8 142,740 304,417
NET CURRENT ASSETS 10,673 124,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,291

210,941

CREDITORS
Amounts falling due after more than one
year

9

36,491

23,274
NET ASSETS ATTRIBUTABLE TO
MEMBERS

47,800

187,667

Whitmarsh Lockhart LLP (Registered number: OC353219)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

42,800

182,667

MEMBERS' OTHER INTERESTS
Capital accounts 5,000 5,000
47,800 187,667

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 42,800 182,667
Members' other interests 5,000 5,000
47,800 187,667

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 30 June 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.

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 13 January 2025 and were signed by:




P A Whitmarsh - Designated member

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Whitmarsh Lockhart 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Move - 25% on reducing balance
Website Design - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2023 - 4 ) .

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 83,017
AMORTISATION
At 1 July 2023 10,377
Charge for year 41,508
At 30 June 2024 51,885
NET BOOK VALUE
At 30 June 2024 31,132
At 30 June 2023 72,640

5. TANGIBLE FIXED ASSETS
Office Website Plant and
Move Design machinery
£    £    £   
COST
At 1 July 2023 9,485 21,025 6,285
Additions - 3,000 -
Disposals - - -
At 30 June 2024 9,485 24,025 6,285
DEPRECIATION
At 1 July 2023 9,075 18,025 6,081
Charge for year 103 300 51
Eliminated on disposal - - -
At 30 June 2024 9,178 18,325 6,132
NET BOOK VALUE
At 30 June 2024 307 5,700 153
At 30 June 2023 410 3,000 204

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 38,714 28,800 86,423 190,732
Additions - 38,583 1,480 43,063
Disposals - (28,800 ) - (28,800 )
At 30 June 2024 38,714 38,583 87,903 204,995
DEPRECIATION
At 1 July 2023 35,050 26,911 81,467 176,609
Charge for year 806 9,549 2,002 12,811
Eliminated on disposal - (26,911 ) - (26,911 )
At 30 June 2024 35,856 9,549 83,469 162,509
NET BOOK VALUE
At 30 June 2024 2,858 29,034 4,434 42,486
At 30 June 2023 3,664 1,889 4,956 14,123

6. STOCKS
2024 2023
£    £   
Stocks 110 110

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors 11,733 23,042
Other Debtors 6,902 6,902
Prepayments 11,919 5,801
30,554 35,745

Whitmarsh Lockhart LLP (Registered number: OC353219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,798 10,138
Loans 62,251 186,754
Hire purchase contracts 7,200 -
Trade Creditors 15,774 24,726
Social security and other taxes 2,629 2,824
VAT 13,449 27,639
Other Creditors 6,444 6,417
Accrued Expenses 24,195 45,919
142,740 304,417

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,440 10,183
Bank loans - 2-5 years 2,651 13,091
Hire purchase contracts 23,400 -
36,491 23,274

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

11. ULTIMATE CONTROLLING PARTY

The partnership is under the control of Paul Whitmarsh.