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REGISTERED NUMBER: OC348195 (England and Wales)
















Wilson Stevens Partners LLP

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31st March 2024






Wilson Stevens Partners LLP (Registered number: OC348195)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 5


Wilson Stevens Partners LLP

General Information
for the Year Ended 31st March 2024







Designated members: Mr J Stevens
Mr N K Wilson
Mr D Shah
Mr D Hatchard
Mr M M J Dowsing
Mr L K Palmer





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: OC348195 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Wilson Stevens Partners LLP (Registered number: OC348195)

Report of the Members
for the Year Ended 31st March 2024

The members present their report with the financial statements of the LLP for the year ended 31st March 2024.

Designated members
The designated members during the year under review were:

Mr J Stevens
Mr N K Wilson
Mr D Shah
Mr D Hatchard
Mr M M J Dowsing
Mr L K Palmer

Results for the year and allocation to members
The profit for the year before members' remuneration and profit shares was £554,426 (2023 - £940,790 profit).

Members' interests
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

On behalf of the members:





Mr M M J Dowsing - Designated member


1st December 2024

Wilson Stevens Partners LLP (Registered number: OC348195)

Income Statement
for the Year Ended 31st March 2024

2024 2023
Notes £    £   

Turnover 606,221 957,537

Cost of sales 33,000 -
Gross profit 573,221 957,537

Administrative expenses 23,795 26,747
Operating profit 4 549,426 930,790

Income from shares in group
undertakings

5,000

10,000
Profit for the financial year before
members' remuneration and profit
shares available for discretionary
division among members



554,426



940,790

Wilson Stevens Partners LLP (Registered number: OC348195)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 76,734 32,734
Investments 6 100 100
76,834 32,834

Current assets
Debtors 7 141,321 341,637
Cash at bank 24,790 26,410
166,111 368,047
Creditors
Amounts falling due within one year 8 108,911 25,964
Net current assets 57,200 342,083
Total assets less current liabilities
and
Net assets attributable to members 134,034 374,917

Loans and other debts due to
members

9

134,034

374,917

Total members' interests
Loans and other debts due to members 9 134,034 374,917

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 31st 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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 1st December 2024 and were signed by:



Mr M M J Dowsing - Designated member

Wilson Stevens Partners LLP (Registered number: OC348195)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Wilson Stevens Partners 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.

Preparation of consolidated financial statements
The financial statements contain information about Wilson Stevens Partners LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. Employee information

The average number of employees during the year was NIL (2023 - 6 ).

4. Operating profit

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 10,508 10,912

Wilson Stevens Partners LLP (Registered number: OC348195)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1st April 2023 85,425
Additions 60,279
Disposals (29,680 )
At 31st March 2024 116,024
Depreciation
At 1st April 2023 52,691
Charge for year 10,508
Eliminated on disposal (23,909 )
At 31st March 2024 39,290
Net book value
At 31st March 2024 76,734
At 31st March 2023 32,734

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st April 2023
and 31st March 2024 100
Net book value
At 31st March 2024 100
At 31st March 2023 100

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 141,321 -
Other debtors - 341,637
141,321 341,637

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 41,685 -
Taxation and social security 16,105 23,411
Other creditors 51,121 2,553
108,911 25,964

Wilson Stevens Partners LLP (Registered number: OC348195)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

9. Loans and other debts due to members

Loans and other debts due to members' (other than members' capital classified as debt) would rank below all other creditors who are unsecured in the event of a winding up.