Limited Liability Partnership registration number OC327151 (England and Wales)
F. WINTER & CO LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
F. WINTER & CO LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
F Winter & Co (UK) Ltd
Hilesh Khakhria
Mr. S. Patel
Limited liability partnership number
OC327151
Registered office
Ramillies House
2 Ramillies Street
London
F. WINTER & CO LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
F. WINTER & CO LLP
BALANCE SHEET
AS AT
27 MARCH 2024
27 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
72,450
88,200
Tangible assets
4
11,928
17,523
84,378
105,723
Current assets
Debtors
5
219,162
228,968
Cash at bank and in hand
992,662
950,714
1,211,824
1,179,682
Creditors: amounts falling due within one year
6
(311,751)
(406,366)
Net current assets
900,073
773,316
Total assets less current liabilities
984,451
879,039
Creditors: amounts falling due after more than one year
7
(11,759)
(21,707)
Net assets attributable to members
972,692
857,332
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
966,323
775,406
Other amounts
(571,400)
(495,843)
394,923
279,563
Members' other interests
Members' capital classified as equity
577,769
577,769
972,692
857,332
F. WINTER & CO LLP
BALANCE SHEET (CONTINUED)
AS AT
27 MARCH 2024
27 March 2024
- 2 -

For the financial year ended 27 March 2024 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

 

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 22 March 2025 and are signed on their behalf by:
22 March 2025
Hilesh Khakhria
Mr. S. Patel
Designated member
Designated Member
Limited Liability Partnership registration number OC327151 (England and Wales)
F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 MARCH 2024
- 3 -
1
Accounting policies
Limited liability partnership information

F. Winter & Co LLP is a limited liability partnership incorporated in England and Wales. The LLP's registered number is OC327151 and the registered office is Ramillies House, 2 Ramillies Street, London, W1F 7LN.

 

The principal activity of the limited liability partnership continued to be that of Chartered Accountants.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

1.3
Turnover
Turnover represents amounts receivable for professional services provided during the period on client assignments excluding of VAT.
1.4
Members' participating interests

Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities. Amounts drawn in excess of profits are not recoverable from the members except against future profits.

1.5
Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual installments over its estimated useful economic life of twenty years. The goodwill arose on the acquisition of the business of F. Winter & Co. This period was chosen as it reflects the expected period over which the LLP will gain economic benefit from the goodwill.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% pa on a straight line basis
Motor vehicles
10% pa on a straight line basis

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 recognised in the profit and loss account.

F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.8

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was 7 (2023 - 7).The employee numbers exclude designated partners.

2024
2023
Number
Number
Total
7
7
3
Intangible fixed assets
Goodwill
£
Cost
At 28 March 2023 and 27 March 2024
315,000
Amortisation and impairment
At 28 March 2023
226,800
Amortisation charged for the year
15,750
At 27 March 2024
242,550
Carrying amount
At 27 March 2024
72,450
At 27 March 2023
88,200
F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 MARCH 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 28 March 2023
114,064
Additions
2,705
At 27 March 2024
116,769
Depreciation and impairment
At 28 March 2023
96,541
Depreciation charged in the year
8,300
At 27 March 2024
104,841
Carrying amount
At 27 March 2024
11,928
At 27 March 2023
17,523
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
131,758
222,727
Other debtors
87,404
6,241
219,162
228,968
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,632
10,648
Taxation and social security
24,157
3,748
Other creditors
275,962
391,970
311,751
406,366
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,759
21,707
F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 MARCH 2024
- 6 -
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.
9
Members' transactions

The members of the LLP are considered related parties. During the year, the LLP allocated profits to members in accordance with the LLP Agreement. Members’ remuneration charged as an expense for the year No other related party transactions requiring disclosure under FRS 102 Section 1A occurred during the year.

2024-03-272023-03-28falsefalseCCH SoftwareCCH Accounts Production 2024.310falseOC3271512023-03-282024-03-27OC327151bus:PartnerLLP12023-03-282024-03-27OC327151bus:PartnerLLP22023-03-282024-03-27OC327151bus:PartnerLLP32023-03-282024-03-27OC3271512024-03-27OC3271512022-03-282023-03-27OC327151bus:LimitedLiabilityPartnershipLLP2023-03-282024-03-27OC327151bus:FRS1022023-03-282024-03-27OC327151bus:AuditExempt-NoAccountantsReport2023-03-282024-03-27OC327151bus:SmallCompaniesRegimeForAccounts2023-03-282024-03-27OC327151bus:FullAccounts2023-03-282024-03-27xbrli:purexbrli:shares