1 January 2023 false No description of principal activity Taxfiler 2024.6 OC377663business:LimitedLiabilityPartnershipLLP2023-01-012024-03-31 OC3776632022-12-31 OC3776632023-01-012024-03-31 OC377663business:AuditExempt-NoAccountantsReport2023-01-012024-03-31 OC377663business:FilletedAccounts2023-01-012024-03-31 OC3776632024-03-31 OC377663business:PartnerLLP12023-01-012024-03-31 OC377663business:PartnerLLP22023-01-012024-03-31 OC377663business:PartnerLLP32023-01-012024-03-31 OC377663business:RegisteredOffice2023-01-012024-03-31 OC3776632022-12-31 OC377663core:WithinOneYear2024-03-31 OC377663core:WithinOneYear2022-12-31 OC377663core:AfterOneYear2024-03-31 OC377663core:AfterOneYear2022-12-31 OC377663core:RetainedEarningsAccumulatedLosses2024-03-31 OC377663core:RetainedEarningsAccumulatedLosses2022-12-31 OC377663business:SmallEntities2023-01-012024-03-31 OC377663countries:EnglandWales2023-01-012024-03-31 OC377663core:Goodwill2022-12-31 OC377663core:IntangibleAssetsOtherThanGoodwill2022-12-31 OC377663core:Goodwill2023-01-012024-03-31 OC377663core:IntangibleAssetsOtherThanGoodwill2023-01-012024-03-31 OC377663core:Goodwill2024-03-31 OC377663core:IntangibleAssetsOtherThanGoodwill2024-03-31 OC377663core:ComputerEquipment2022-12-31 OC377663core:ComputerEquipment2024-03-31 OC377663core:ComputerEquipment2023-01-012024-03-31 OC377663core:DisposalsRepaymentsInvestments2024-03-31 OC3776632022-01-012022-12-31 iso4217:GBP xbrli:pure
Registered No. OC377663 (England and Wales)
Morrinson Wealth Management LLP Unaudited accounts for the period from 1 January 2023 to 31 March 2024
Morrinson Wealth Management LLP LLP Information for the period from 1 January 2023 to 31 March 2024
Designated members
Claudia Leslie Burgos-Morrinson
Karl Davies
Stanley Morrinson
Registered Number
OC377663 (England and Wales)
Registered Office
Second Floor Genesis House 1-2 The Grange High Street Westerham Kent TN16 1AH England
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Morrinson Wealth Management LLP Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,885 
3,000,000 
Tangible assets
- 
101 
Investments
- 
17,498 
7,885 
3,017,599 
Current assets
Debtors
- 
2,112,388 
Cash at bank and in hand
61,887 
349,159 
61,887 
2,461,547 
Creditors: amounts falling due within one year
(3,575,604)
(3,197,872)
Net current liabilities
(3,513,717)
(736,325)
Total assets less current liabilities
(3,505,832)
2,281,274 
Creditors: amounts falling due after more than one year
- 
(2,800,730)
Net liabilities attributable to members
(3,505,832)
(519,456)
Represented by:
Members' other interests
Other reserves
(3,505,832)
(519,456)
(3,505,832)
(519,456)
Total members' interests
Members' other interests
(3,505,832)
(519,456)
(3,505,832)
(519,456)
For the period ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 29 April 2025.
Stanley Morrinson Designated member Limited Liability Partnership Registration No. OC377663
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Morrinson Wealth Management LLP Notes to the Accounts for the period from 1 January 2023 to 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2
Statutory information
Morrinson Wealth Management LLP is a limited liability partnership, incorporated in England and Wales, registration number OC377663. Its registered office is Second Floor Genesis House, 1-2 The Grange, High Street, Westerham, Kent, TN16 1AH, England.
3
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2023
4,635,557 
11,400 
4,646,957 
Additions
8,853 
- 
8,853 
At 31 March 2024
4,644,410 
11,400 
4,655,810 
Amortisation
At 1 January 2023
1,644,867 
2,090 
1,646,957 
Charge for the period
2,999,543 
1,425 
3,000,968 
At 31 March 2024
4,644,410 
3,515 
4,647,925 
Net book value
At 31 March 2024
- 
7,885 
7,885 
At 31 December 2022
2,990,690 
9,310 
3,000,000 
In the previous year, the disposal of customer list was incorrectly recognised. As a result of this , adjustments have been made to relevant accounts accordingly. The amount of correction for each financial statement line item affected and the amount of the correction at the beginning of the earliest prior period presented is disclosed in note 12.
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Morrinson Wealth Management LLP Notes to the Accounts for the period from 1 January 2023 to 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
19,734 
At 31 March 2024
19,734 
Depreciation
At 1 January 2023
19,633 
Charge for the period
101 
At 31 March 2024
19,734 
Net book value
At 31 March 2024
- 
At 31 December 2022
101 
5
Investments
Other investments 
Cost
£ 
At 1 January 2023
17,498 
Disposals
(17,498)
At 31 March 2024
- 
6
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Bank loans and overdrafts
4,044,468 
555,491 
Trade creditors
(698,685)
1,801,639 
Taxes and social security costs
36,963 
172,400 
Other creditors
192,858 
668,342 
3,575,604 
3,197,872 
7
Creditors: amounts falling due after more than one year
2024 
2022 
£ 
£ 
Bank loans
- 
2,800,730 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
9
Transactions with related parties
At 31 March 2024, the company was owed £134,203 (2022 - £Nil) from MWHCO Ltd, owed £25,500 (2022- £Nil) from MWW Ltd in which Mr. S E A Morrinson, a member has significant interest in all of them.
10
Average number of employees
During the period the average number of employees was 65 (2022: 65).
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