REGISTERED NUMBER: |
Wilson Stevens Partners LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31st March 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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: |
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: |
Wilson Stevens Partners LLP (Registered number: OC348195) |
Income Statement |
for the Year Ended 31st March 2024 |
2024 | 2023 |
Notes | £ | £ |
Turnover |
Cost of sales |
Gross profit |
Administrative expenses |
Operating profit | 4 |
Income from shares in group undertakings |
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
Wilson Stevens Partners LLP (Registered number: OC348195) |
Statement of Financial Position |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Motor vehicles | - |
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 - |
4. | Operating profit |
The operating profit is stated after charging: |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
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 |
Additions |
Disposals | ( |
) |
At 31st March 2024 |
Depreciation |
At 1st April 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st March 2024 |
Net book value |
At 31st March 2024 |
At 31st March 2023 |
6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1st April 2023 |
and 31st March 2024 |
Net book value |
At 31st March 2024 |
At 31st March 2023 |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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. |