Wandle Mechanical Services LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC349003 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wandle Mechanical Services LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S R Boorman

Mrs L A Boorman

REGISTERED OFFICE:

67 Westow Street

London

SE19 3RW

REGISTERED NUMBER:

OC349003 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

29,453

36,816

Investment property

6

520,000

549,453

556,816

CURRENT ASSETS

Cash at bank and in hand

1,598

4,633

CREDITORS

Amounts falling due within one year

7

(23,735

)

(23,051

)

NET CURRENT LIABILITIES

(22,137

)

(18,418

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

527,316

538,398

CREDITORS

Amounts falling due after more than one year

8

(170,117

)

(201,774

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

357,199

336,624

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

214,104

193,529

MEMBERS' OTHER INTERESTS

Fair value reserve

11

143,095

357,199

336,624

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

214,104

193,529

Members' other interests

143,095

357,199

336,624

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 29 September 2025 and were signed by:

S R Boorman - Designated member

Mrs L A Boorman - Designated member

1.	STATUTORY INFORMATION

Wandle Mechanical Services 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.	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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

50% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rental income

Rents receivable are accounted for on an accruals basis.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

64,602

DEPRECIATION

At 1 April 2024

27,786

Charge for year

7,363

At 31 March 2025

35,149

NET BOOK VALUE

At 31 March 2025

29,453

At 31 March 2024

36,816

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

61,633

DEPRECIATION

At 1 April 2024

24,817

Charge for year

7,363

At 31 March 2025

32,180

NET BOOK VALUE

At 31 March 2025

29,453

At 31 March 2024

36,816

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

520,000

NET BOOK VALUE

At 31 March 2025

520,000

At 31 March 2024

520,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

143,095

Cost

376,905

520,000

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

31.3.25

31.3.24

£

Cost

376,905

Investment property was valued on an open market basis on 31 March 2025 by the members .

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

2,340

Hire purchase contracts

12,289

11,606

Trade creditors

1

-

Other creditors

9,105

23,735

23,051

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

2,253

4,443

Hire purchase contracts

8,572

20,861

Other creditors

159,292

176,470

170,117

201,774

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Mortgages

159,292

176,470

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Mortgage

159,292

176,470

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

143,095