| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| for |
| E Wallis Partnership LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| for |
| E Wallis Partnership LLP |
| E Wallis Partnership LLP (Registered number: OC440642) |
| Contents of the Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| E Wallis Partnership LLP |
| General Information |
| for the Period 1 April 2023 to 30 March 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Oaklea House |
| 46 Coatham Road |
| Redcar |
| TS10 1RS |
| E Wallis Partnership LLP (Registered number: OC440642) |
| Balance Sheet |
| 30 March 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,165,075 |
1,285,819 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
1,165,075 |
1,285,819 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 8 | 1,165,075 | 1,285,819 |
| 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. |
| E Wallis Partnership LLP (Registered number: OC440642) |
| Balance Sheet - continued |
| 30 March 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| E Wallis Partnership LLP (Registered number: OC440642) |
| Notes to the Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| 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 |
| Fixtures and fittings | - |
| INVESTMENT PROPERTY |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| HIRE PURCHASE AND LEASING COMMITMENTS |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 2. | EMPLOYEE INFORMATION |
| The average number of employees during the period was |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 April 2023 |
| and 30 March 2024 |
| DEPRECIATION |
| At 1 April 2023 |
| Charge for period |
| At 30 March 2024 |
| NET BOOK VALUE |
| At 30 March 2024 |
| At 31 March 2023 |
| E Wallis Partnership LLP (Registered number: OC440642) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2023 to 30 March 2024 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2023 |
| Additions |
| Disposals | ( |
) |
| At 30 March 2024 |
| NET BOOK VALUE |
| At 30 March 2024 |
| At 31 March 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yrs non-inst | 1,992,305 | 2,482,312 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Members rank ahead of other creditors in a liquidation. |