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REGISTERED NUMBER: OC395212 (England and Wales)















I Ward And Sons Restoration LLP

Unaudited Financial Statements

for the Year Ended 30th September 2024






I Ward And Sons Restoration LLP (Registered number: OC395212)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


I Ward And Sons Restoration LLP

General Information
for the year ended 30th September 2024







DESIGNATED MEMBERS: I J Ward
J O Ward
T J Ward





REGISTERED OFFICE: 310 Welllingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: OC395212 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

I Ward And Sons Restoration LLP (Registered number: OC395212)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 1,207 1,610

CURRENT ASSETS
Debtors 6 17,964 11,795
Cash at bank 17,328 24,362
35,292 36,157
CREDITORS
Amounts falling due within one year 7 1,820 5,029
NET CURRENT ASSETS 33,472 31,128
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

34,679

32,738

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

34,679

32,738

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 34,679 32,738
Amounts due from members 6 (15,411 ) (11,643 )
19,268 21,095

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 30th 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.

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 26th March 2025 and were signed by:





J O Ward - Designated member

I Ward And Sons Restoration LLP (Registered number: OC395212)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

I Ward And Sons Restoration LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the LLP in the year under review was that of property restoration.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on 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.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 670 6,353 7,023
DEPRECIATION
At 1st October 2023 567 4,846 5,413
Charge for year 26 377 403
At 30th September 2024 593 5,223 5,816
NET BOOK VALUE
At 30th September 2024 77 1,130 1,207
At 30th September 2023 103 1,507 1,610

I Ward And Sons Restoration LLP (Registered number: OC395212)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,636 152
Other debtors 15,916 11,643
17,552 11,795

Amounts falling due after more than one year:
Other debtors 412 -

Aggregate amounts 17,964 11,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 3,250
Other creditors 1,820 1,779
1,820 5,029

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The debt to members would rank equally with the debt to other creditors.

9. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th September 2024 or as at 30th September 2023.

10. CAPITAL COMMITMENTS

There were no capital commitments as at 30th September 2024 or as at 30th September 2023.