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REGISTERED NUMBER: OC346520 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 30 SEPTEMBER 2024

FOR

GREENWOOD FINANCIAL PLANNING LLP

GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 30 SEPTEMBER 2024




Page

General Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 6


GREENWOOD FINANCIAL PLANNING LLP

GENERAL INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 30 SEPTEMBER 2024







DESIGNATED MEMBERS: R W Mumford
M J Passfield
Greenwood Wealth Management Limited





REGISTERED OFFICE: The Barn
Audley End Business Centre
London Road, Wendens Ambo
Saffron Walden
Essex
CB11 4JL





REGISTERED NUMBER: OC346520 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GREENWOOD FINANCIAL PLANNING LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Greenwood Financial Planning LLP for the period ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm 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/rulebook.

This report is made solely to the members of Greenwood Financial Planning LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenwood Financial Planning LLP and state those matters that we have agreed to state to the members of Greenwood Financial Planning LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Greenwood Financial Planning LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greenwood Financial Planning LLP. You consider that Greenwood Financial Planning LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Greenwood Financial Planning 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 statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


23 January 2025

GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 5,435 15,695

CURRENT ASSETS
Debtors 4 27,833 28,166
Cash at bank and in hand 149,562 271,790
177,395 299,956
CREDITORS
Amounts falling due within one year 5 15,576 26,065
NET CURRENT ASSETS 161,819 273,891
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

167,254

289,586

GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

6

130,254

252,586

MEMBERS' OTHER INTERESTS
Capital accounts 37,000 37,000
167,254 289,586

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 130,254 252,586
Members' other interests 37,000 37,000
Amounts due from members 4 (12,546 ) -
154,708 289,586

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 period ended 30 September 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.

GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 January 2025 and were signed by:




R W Mumford - Designated member




M J Passfield - Designated member


GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 30 SEPTEMBER 2024

1. 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.

Revenue recognition
Turnover is measured at the fair value of the the consideration received or receivable for services supplied.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance

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.

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.

2. EMPLOYEE INFORMATION

The average number of employees during the period was 6 (2023 - 6 ) .

GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 30 SEPTEMBER 2024

3. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 46,285 48,575 94,860
Disposals - (48,575 ) (48,575 )
At 30 September 2024 46,285 - 46,285
DEPRECIATION
At 1 November 2023 39,235 39,930 79,165
Charge for period 1,615 - 1,615
Eliminated on disposal - (39,930 ) (39,930 )
At 30 September 2024 40,850 - 40,850
NET BOOK VALUE
At 30 September 2024 5,435 - 5,435
At 31 October 2023 7,050 8,645 15,695

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,088 28,166
Amounts due from members 12,546 -
Prepayments and accrued income 6,199 -
27,833 28,166

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,677 13,119
Social security and other taxes - 5,047
Other creditors 3,899 4,899
Accrued expenses 3,000 3,000
15,576 26,065

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecued creditors.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the LLP owed R Mumford £68,088 and M Passfield £62,166 (2023 £93,471 and £88,174).