| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
| FOR |
| GREENWOOD FINANCIAL PLANNING LLP |
| REGISTERED NUMBER: |
| 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: |
| Greenwood Wealth Management Limited |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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. |
| Chartered Certified Accountants |
| Abbey House |
| 51 High Street |
| Saffron Walden |
| Essex |
| CB10 1AF |
| GREENWOOD FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC346520) |
| STATEMENT OF FINANCIAL POSITION |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| 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 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 |
| 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 |
| 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 |
| Revenue recognition |
| Turnover is measured at the fair value of the the consideration received or receivable for services supplied. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 |
| 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 |
| Disposals | ( |
) | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 October 2023 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts due from members | 12,546 | - |
| Prepayments and accrued income |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 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). |