Company No:
Contents
DESIGNATED MEMBERS | Graham Keith Huggins |
William Robert Edgar Huggins (Appointed 01 October 2024) |
REGISTERED OFFICE | C/O Praxis |
1 | |
Poultry | |
London | |
EC2R 8EJ | |
United Kingdom |
REGISTERED NUMBER | OC314612 (England and Wales) |
CHARTERED ACCOUNTANTS | Praxis |
1 Poultry | |
London | |
EC2R 8EJ | |
United Kingdom |
Note | 2024 | 2023 | ||
£ | £ | |||
Current assets | ||||
Cash at bank and in hand |
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176 | 525 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (4,897) | (2,209) | ||
Total assets less current liabilities | (4,897) | (2,209) | ||
Net liabilities attributable to members | (
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(
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | 17,479 | 33,284 | ||
17,479 | 33,284 | |||
Members' other interests | ||||
Other reserves | (22,376) | (35,493) | ||
(22,376) | (35,493) | |||
(4,897) | (2,209) | |||
Total members' interests | ||||
Loans and other debts due to members | 17,479 | 33,284 | ||
Members' other interests | (22,376) | (35,493) | ||
(4,897) | (2,209) |
Members' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of W G Partnership LLP (registered number:
Graham Keith Huggins
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
W G Partnership LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is C/O Praxis, 1, Poultry, London, EC2R 8EJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members note that the business has net liabilities of £4,897. The LLP is supported through loans from the members. The members have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the members will continue to support the LLP. Given the current position, the members believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2023 |
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Disposals | (
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At 31 May 2024 |
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Accumulated depreciation | |||
At 01 June 2023 |
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Disposals | (
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At 31 May 2024 |
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Net book value | |||
At 31 May 2024 |
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At 31 May 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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The LLP had no material capital commitments at the year ended 31 May 2024.