Watson Aviation (Gloucester) LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3

Registered number: OC447256

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		142,073		129,084

			142,073		129,084
CURRENT ASSETS
Cash at bank and in hand		513		-

		513		-
Creditors: Amounts Falling Due Within One Year	5	(273,995 )		(140,547 )

NET CURRENT ASSETS (LIABILITIES)			(273,482 )		(140,547 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(131,409 )		(11,463 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(131,409 )		(11,463 )

REPRESENTED BY:
Equity
Members' other interests
Other reserves		(131,409)		(11,463)

			(131,409)		(11,463)

TOTAL MEMBERS' INTEREST
Members' other interests			(131,409)		(11,463)

			(131,409)		(11,463)

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Watson Aviation (Gloucester) LLP

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.

On behalf of the members

Mr H Watson

Designated Member

19/09/2025

The notes on page 3 form part of these financial statements.

1. General Information

Watson Aviation (Gloucester) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC447256 . The Registered Office is Charlton Baker Dean House, 94 Whiteladies Road, Clifton, Bristol, BS8 2QX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

5% reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	130,024
Additions	20,466

As at 31 December 2024	150,490

Depreciation
As at 1 January 2024	940
Provided during the period	7,477

As at 31 December 2024	8,417

Net Book Value
As at 31 December 2024	142,073

As at 1 January 2024	129,084

5. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Other creditors	273,995	140,547

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