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REGISTERED NUMBER: OC318147 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WSP PROPERTY DEVELOPMENTS LLP

WSP PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC318147)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WSP PROPERTY DEVELOPMENTS LLP

GENERAL INFORMATION
for the Year Ended 31st March 2025







DESIGNATED MEMBERS: J M Allen
R B Tinsley
C J Houldsworth
A K Milner
M J Richardson





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: OC318147 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

WSP PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC318147)

BALANCE SHEET
31st March 2025

31/3/25 31/3/24
Notes £    £    £   
FIXED ASSETS
Investment property 4 875,370 875,370

CURRENT ASSETS
Debtors 5 13,000 18,584
Cash at bank 38,284 36,290
51,284 54,874
CREDITORS
Amounts falling due within one year 6 36,723 36,390
NET CURRENT ASSETS 14,561 18,484
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

889,931

893,854

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

14,931

18,854

MEMBERS' OTHER INTERESTS
Capital accounts 875,000 875,000
889,931 893,854

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 14,931 18,854
Members' other interests 875,000 875,000
889,931 893,854

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 year ended 31st March 2025.

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.

WSP PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC318147)

BALANCE SHEET - continued
31st March 2025


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 22nd May 2025 and were signed by:




J M Allen - Designated member




A K Milner - Designated member


WSP PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC318147)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

WSP Property Developments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 875,370
NET BOOK VALUE
At 31st March 2025 875,370
At 31st March 2024 875,370

Fair value at 31st March 2025 is represented by:
£   
Cost 875,370

If investment property had not been revalued it would have been included at the following historical cost:

31/3/25 31/3/24
£    £   
Cost 875,370 875,370

In the opinion of the members the fair value at 31st March 2025 is very similar to cost.

WSP PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC318147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors - 1,250
Other debtors 13,000 17,334
13,000 18,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Receipt in advance 16,250 16,250
VAT 3,563 3,250
Other creditors 16,250 16,250
Accrued expenses 660 640
36,723 36,390

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/3/25 31/3/24
£    £   
Amounts owed to members in respect of profits 14,931 18,854

Falling due within one year 14,931 18,854

Loans and other debts due to members rank equally with other unsecured creditors.

8. CONTINGENT LIABILITIES

The LLP had no contingent liabilities at 31st March 2025 (2024 - nil).

9. CAPITAL COMMITMENTS
31/3/25 31/3/24
£    £   
Contracted but not provided for in the
financial statements - -