Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 OC423284 Foresight Independent Financial Planning Limited Mr Simon Booth Mrs Lissa Booth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC423284 2023-04-30 OC423284 2024-04-30 OC423284 2023-05-01 2024-04-30 OC423284 frs-core:CurrentFinancialInstruments 2024-04-30 OC423284 frs-core:ComputerEquipment 2024-04-30 OC423284 frs-core:ComputerEquipment 2023-05-01 2024-04-30 OC423284 frs-core:ComputerEquipment 2023-04-30 OC423284 frs-core:FurnitureFittings 2024-04-30 OC423284 frs-core:FurnitureFittings 2023-05-01 2024-04-30 OC423284 frs-core:FurnitureFittings 2023-04-30 OC423284 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC423284 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC423284 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC423284 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC423284 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 OC423284 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC423284 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC423284 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC423284 frs-bus:PartnerLLP2 2023-05-01 2024-04-30 OC423284 frs-bus:PartnerLLP3 2023-05-01 2024-04-30 OC423284 2022-04-30 OC423284 2023-04-30 OC423284 2022-05-01 2023-04-30 OC423284 frs-core:CurrentFinancialInstruments 2023-04-30
Registered number: OC423284
Foresight Wealth Preservation LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the partners on the preparation of the unaudited statutory accounts of Foresight Wealth Preservation LLP for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the accounts of Foresight Wealth Preservation LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the partnership’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the partners of Foresight Wealth Preservation LLP, as a body, in accordance with the terms of our engagement letter dated 29 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Foresight Wealth Preservation LLP and state those matters that we have agreed to state to the partners of Foresight Wealth Preservation LLP, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Foresight Wealth Preservation LLP and its partners as a body for our work or for this report.
It is your duty to ensure that Foresight Wealth Preservation LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Foresight Wealth Preservation LLP. You consider that Foresight Wealth Preservation LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Foresight Wealth Preservation LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23rd January 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: OC423284
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,193 9,663
2,193 9,663
CURRENT ASSETS
Debtors 5 165,881 171,421
Cash at bank and in hand 9,737 8,103
175,618 179,524
Creditors: Amounts Falling Due Within One Year 6 (1,136 ) -
NET CURRENT ASSETS (LIABILITIES) 174,482 179,524
TOTAL ASSETS LESS CURRENT LIABILITIES 176,675 189,187
NET ASSETS ATTRIBUTABLE TO MEMBERS 176,675 189,187
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 176,675 189,187
176,675 189,187
176,675 189,187
TOTAL MEMBERS' INTEREST
Amounts due from members (129,969) (128,507)
Loans and other debts due to members within one year 176,675 189,187
46,706 60,680
Page 2
Page 3
For the year ending 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Simon Booth
Designated Member
23rd January 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Foresight Wealth Preservation LLP is a limited liability partnership, incorporated in England & Wales, registered number OC423284 . The trading address is Richmond House, Heath Rd, Hale, Altrincham WA14 2XP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance method
Computer Equipment 33.33% on cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 2,411 21,073 23,484
As at 30 April 2024 2,411 21,073 23,484
Depreciation
As at 1 May 2023 627 13,194 13,821
Provided during the period 446 7,024 7,470
As at 30 April 2024 1,073 20,218 21,291
Net Book Value
As at 30 April 2024 1,338 855 2,193
As at 1 May 2023 1,784 7,879 9,663
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,538 5,953
Amounts owed by participating interests 6,562 6,562
Other debtors 138,781 158,906
165,881 171,421
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,136 -
7. Related Party Transactions
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidaries in the group. 
8. Loans and Other Debts due to Members
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. 
Page 5