REGISTERED NUMBER: OC353219 (England and Wales)

Unaudited Financial Statements

for the Period 1 July 2024 to 31 March 2025

for

Whitmarsh Lockhart LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P A Whitmarsh

C Brooks

REGISTERED OFFICE:

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

OC353219 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

4

-

31,132

Tangible assets

5

32,682

42,486

32,682

73,618

CURRENT ASSETS

Stocks

6

110

110

Debtors

7

50,326

30,554

Cash at bank and in hand

55,111

122,749

105,547

153,413

CREDITORS

Amounts falling due within one year

8

84,726

142,740

NET CURRENT ASSETS

20,821

10,673

TOTAL ASSETS LESS CURRENT LIABILITIES

53,503

84,291

CREDITORS

Amounts falling due after more than one year

9

23,286

36,491

NET ASSETS ATTRIBUTABLE TO MEMBERS

30,217

47,800

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

25,217

42,800

MEMBERS' OTHER INTERESTS

Capital accounts

5,000

5,000

30,217

47,800

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

25,217

42,800

Members' other interests

5,000

5,000

30,217

47,800

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 31 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.

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 2 September 2025 and were signed by:

P A Whitmarsh - Designated member

1.	STATUTORY INFORMATION

Whitmarsh Lockhart 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Move

-

25% on reducing balance

Website Design

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 31 March 2025

83,017

AMORTISATION

At 1 July 2024

51,885

Charge for period

31,132

At 31 March 2025

83,017

NET BOOK VALUE

At 31 March 2025

-

At 30 June 2024

31,132

5.	TANGIBLE FIXED ASSETS

Office

Website

Plant and

Move

Design

machinery

£

£

£

COST

At 1 July 2024

and 31 March 2025

9,485

24,025

6,285

DEPRECIATION

At 1 July 2024

9,178

18,325

6,132

Charge for period

57

900

28

At 31 March 2025

9,235

19,225

6,160

NET BOOK VALUE

At 31 March 2025

250

4,800

125

At 30 June 2024

307

5,700

153

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

and 31 March 2025

38,714

38,583

87,903

204,995

DEPRECIATION

At 1 July 2024

35,856

9,549

83,469

162,509

Charge for period

536

7,186

1,097

9,804

At 31 March 2025

36,392

16,735

84,566

172,313

NET BOOK VALUE

At 31 March 2025

2,322

21,848

3,337

32,682

At 30 June 2024

2,858

29,034

4,434

42,486

6.

STOCKS

2025

2024

£

£

Stocks

110

110

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade Debtors

38,043

11,733

Other Debtors

-

6,902

Prepayments

12,283

11,919

50,326

30,554

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,021

10,798

Loans

-

62,251

Hire purchase contracts

7,200

7,200

Trade Creditors

30,808

15,774

Social security and other taxes

4,457

2,629

VAT

19,281

13,449

Other Creditors

6,472

6,444

Accrued Expenses

5,487

24,195

84,726

142,740

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,286

10,440

Bank loans - 2-5 years

-

2,651

Hire purchase contracts

18,000

23,400

23,286

36,491

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

11.	ULTIMATE CONTROLLING PARTY

The partnership is under the control of Paul Whitmarsh.