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REGISTERED NUMBER: OC400002 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FENWICK MANAGEMENT CO LLP

FENWICK MANAGEMENT CO LLP (REGISTERED NUMBER: OC400002)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FENWICK MANAGEMENT CO LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: J T Black
G A Black





REGISTERED OFFICE: New House
Northiam
Rye
East Sussex
TN31 6JL





REGISTERED NUMBER: OC400002 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

FENWICK MANAGEMENT CO LLP (REGISTERED NUMBER: OC400002)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MAY 2024

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

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Aero consultants & dealers.

DESIGNATED MEMBERS
The designated members during the year under review were:

J T Black
G A Black

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £21,948 (2023 - £14,433 profit).

MEMBERS' INTERESTS
The policies regarding the allocation of profits to members, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies, note 1 of the financial statements.

The members' interests are disclosed in the notes to the financial statements.

ON BEHALF OF THE MEMBERS:





Designated member


19 March 2025

FENWICK MANAGEMENT CO LLP (REGISTERED NUMBER: OC400002)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 89,000 73,000

Administrative expenses (67,052 ) (58,567 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




21,948




14,433

FENWICK MANAGEMENT CO LLP (REGISTERED NUMBER: OC400002)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,043 2,002

CURRENT ASSETS
Debtors 6 100,440 91,400
Cash at bank 3,043 751
103,483 92,151
CREDITORS
Amounts falling due within one year 7 24,710 24,385
NET CURRENT ASSETS 78,773 67,766
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

91,816

69,768

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

91,816

69,768

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 91,816 69,768

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 31 May 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 19 March 2025 and were signed by:





G A Black - Designated member

FENWICK MANAGEMENT CO LLP (REGISTERED NUMBER: OC400002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Fenwick Management Co 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.

The members have made an assessment about the LLP's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

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 each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 3,259 500

FENWICK MANAGEMENT CO LLP (REGISTERED NUMBER: OC400002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 60 11,840 11,900
Additions - 14,300 14,300
At 31 May 2024 60 26,140 26,200
DEPRECIATION
At 1 June 2023 44 9,854 9,898
Charge for year 2 3,257 3,259
At 31 May 2024 46 13,111 13,157
NET BOOK VALUE
At 31 May 2024 14 13,029 13,043
At 31 May 2023 16 1,986 2,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 100,440 91,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 105 105
Social security and other taxes 18,225 17,824
Other creditors 5,000 5,076
Accruals and deferred income 1,380 1,380
24,710 24,385

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in the event of the LLP winding up.