REGISTERED NUMBER: OC415533 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

FWAG South East LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T J W Clarke

P E Cobb

Mrs P Duplessis

C J Hedley

M Norris-Hill

S T B Page

Mrs H J Theobald

Ms L Francis

Mrs D Reynolds

REGISTERED OFFICE:

Unit 8

Hartley Business Park

Selborne Road

Alton

Hampshire

GU34 3HD

REGISTERED NUMBER:

OC415533 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

1,967

3,139

CURRENT ASSETS

Debtors

5

176,199

182,933

Cash at bank and in hand

152,680

127,136

328,879

310,069

CREDITORS

Amounts falling due within one year

6

98,389

155,964

NET CURRENT ASSETS

230,490

154,105

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

232,457

157,244

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

232,457

157,244

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

232,457

157,244

Amounts due from members

5

(2,288

)

-

230,169

157,244

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 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 9 September 2025 and were signed by:

S T B Page - Designated member

1.	STATUTORY INFORMATION

FWAG South East 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 (£).

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 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 etc

-

33% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

6,947

Additions

1,716

At 31 March 2025

8,663

DEPRECIATION

At 1 April 2024

3,808

Charge for year

2,888

At 31 March 2025

6,696

NET BOOK VALUE

At 31 March 2025

1,967

At 31 March 2024

3,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

112,616

148,089

Amounts due from members

2,288

-

Prepayments and accrued income

61,295

34,844

176,199

182,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,572

78,776

Social security and other taxes

4,298

3,526

VAT

51,903

42,513

Other creditors

805

866

Accruals and deferred income

34,811

30,283

98,389

155,964

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

232,457

157,244

Falling due within one year

232,457

157,244