Registered number
OC351357
Wittenborg Capital LLP
Unaudited Filleted Accounts
30 April 2024
Wittenborg Capital LLP
Registered number: OC351357
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,035 1,380
Current assets
Debtors 4 6,330 5,391
Cash at bank and in hand (3,147) -
3,183 5,391
Creditors: amounts falling due within one year 5 (57,901) (55,653)
Net current liabilities (54,718) (50,262)
Total assets less current liabilities (53,683) (48,882)
Creditors: amounts falling due after more than one year 6 (31,680) (33,494)
Net liabilities attributable to members (85,363) (82,376)
Represented by:
Members' other interests
Other reserves (85,363) (82,376)
(85,363) (82,376)
Total members' interests
Members' other interests (85,363) (82,376)
(85,363) (82,376)
For the year ended 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 29 January 2025 and signed on their behalf by:
T Wittenborg
Designated member
Wittenborg Capital LLP
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 8,962
At 30 April 2024 8,962
Depreciation
At 1 May 2023 7,582
Charge for the year 345
At 30 April 2024 7,927
Net book value
At 30 April 2024 1,035
At 30 April 2023 1,380
4 Debtors 2024 2023
£ £
Trade debtors (2,569) -
Other debtors 8,899 5,391
6,330 5,391
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 28,299 29,074
Other taxes and social security costs 344 344
Other creditors 29,258 26,235
57,901 55,653
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,680 33,494
7 Controlling party
The company is controlled by the director
8 Other information
Wittenborg Capital LLP is a limited liability partnership incorporated in England. Its registered office is:
142 Station Road
Chingford
London
E4 6AN
Wittenborg Capital LLP OC351357 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 T Wittenborg No description of principal activity OC351357 2022-05-01 2023-04-30 OC351357 core:WithinOneYear 2023-04-30 OC351357 core:AfterOneYear 2023-04-30 OC351357 core:RetainedEarningsAccumulatedLosses 2023-04-30 OC351357 2023-05-01 2024-04-30 OC351357 bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC351357 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 OC351357 bus:PartnerLLP20 2023-05-01 2024-04-30 OC351357 3 2023-05-01 2024-04-30 OC351357 1 2023-05-01 2024-04-30 OC351357 2 2023-05-01 2024-04-30 OC351357 4 2023-05-01 2024-04-30 OC351357 core:PlantMachinery 2023-05-01 2024-04-30 OC351357 countries:England 2023-05-01 2024-04-30 OC351357 bus:FRS102 2023-05-01 2024-04-30 OC351357 bus:FilletedAccounts 2023-05-01 2024-04-30 OC351357 2024-04-30 OC351357 core:WithinOneYear 2024-04-30 OC351357 core:AfterOneYear 2024-04-30 OC351357 core:RetainedEarningsAccumulatedLosses 2024-04-30 OC351357 core:PlantMachinery 2024-04-30 OC351357 2023-04-30 OC351357 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure