1 January 2024 false No description of principal activity Taxfiler 2024.6 OC378187business:LimitedLiabilityPartnershipLLP2024-01-012024-12-31 OC3781872023-12-31 OC3781872024-01-012024-12-31 OC378187business:AuditExemptWithAccountantsReport2024-01-012024-12-31 OC378187business:FilletedAccounts2024-01-012024-12-31 OC3781872024-12-31 OC378187business:PartnerLLP12024-01-012024-12-31 OC378187business:PartnerLLP22024-01-012024-12-31 OC378187business:RegisteredOffice2024-01-012024-12-31 OC3781872023-12-31 OC378187core:WithinOneYear2024-12-31 OC378187core:WithinOneYear2023-12-31 OC378187core:AfterOneYear2024-12-31 OC378187core:AfterOneYear2023-12-31 OC378187core:RetainedEarningsAccumulatedLosses2024-12-31 OC378187core:RetainedEarningsAccumulatedLosses2023-12-31 OC378187business:SmallEntities2024-01-012024-12-31 OC378187core:PlantMachinery2024-01-012024-12-31 OC378187core:MotorVehicles2024-01-012024-12-31 OC378187core:FurnitureFittings2024-01-012024-12-31 OC378187core:ComputerEquipment2024-01-012024-12-31 OC378187countries:EnglandWales2024-01-012024-12-31 OC378187core:Goodwill2023-12-31 OC378187core:Goodwill2024-12-31 OC378187core:LandBuildings2023-12-31 OC378187core:PlantMachinery2023-12-31 OC378187core:FurnitureFittings2023-12-31 OC378187core:ComputerEquipment2023-12-31 OC378187core:LandBuildings2024-01-012024-12-31 OC378187core:LandBuildings2024-12-31 OC378187core:PlantMachinery2024-12-31 OC378187core:FurnitureFittings2024-12-31 OC378187core:ComputerEquipment2024-12-31 OC3781872023-01-012023-12-31 iso4217:GBP xbrli:pure
Registered No. OC378187 (England and Wales)
THE IW ICE CREAM CO LLP Unaudited accounts for the year ended 31 December 2024
THE IW ICE CREAM CO LLP LLP Information for the year ended 31 December 2024
Designated members
Ms Louise Hart
Ms Jennifer Simmons
Registered Number
OC378187 (England and Wales)
Registered Office
Three Gates Farm Porchfield Road Shalfleet Newport Isle of Wight PO30 4NA England
Accountants
Xebra Accountancy Limited 5A, The Gardens Fareham PO16 8SS
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THE IW ICE CREAM CO LLP Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
74,006 
13,625 
Current assets
Inventories
123,535 
121,744 
Debtors
47,605 
28,098 
Cash at bank and in hand
92,976 
31,027 
264,116 
180,869 
Creditors: amounts falling due within one year
5
(131,160)
(60,459)
Net current assets
132,956 
120,410 
Total assets less current liabilities
206,962 
134,035 
Creditors: amounts falling due after more than one year
6
(133,438)
- 
Net assets attributable to members
73,524 
134,035 
Represented by:
Loans and other debts due to members
7
(37,606)
60,677 
Members' other interests
Other reserves
111,130 
73,358 
73,524 
134,035 
Total members' interests
Loans and other debts due to members
(37,606)
60,677 
Members' other interests
111,130 
73,358 
73,524 
134,035 
For the year ending 31 December 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 24 July 2025.
Ms Louise Hart Designated member Limited Liability Partnership Registration No. OC378187
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THE IW ICE CREAM CO LLP Notes to the Accounts for the year ended 31 December 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Capital Accounts
The capital accounts have been equalised within the year as per the partners.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2
Statutory information
THE IW ICE CREAM CO LLP is a limited liability partnership, incorporated in England and Wales, registration number OC378187. Its registered office is Three Gates Farm, Porchfield Road, Shalfleet, Newport, Isle of Wight, PO30 4NA, England.
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
50,000 
At 31 December 2024
50,000 
Amortisation
At 1 January 2024
50,000 
At 31 December 2024
50,000 
Net book value
At 31 December 2024
- 
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THE IW ICE CREAM CO LLP Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
10,941 
187,385 
40,683 
2,518 
241,527 
Additions
- 
65,474 
- 
1,237 
66,711 
At 31 December 2024
10,941 
252,859 
40,683 
3,755 
308,238 
Depreciation
At 1 January 2024
10,941 
175,305 
40,683 
973 
227,902 
Charge for the year
- 
5,723 
- 
607 
6,330 
At 31 December 2024
10,941 
181,028 
40,683 
1,580 
234,232 
Net book value
At 31 December 2024
- 
71,831 
- 
2,175 
74,006 
At 31 December 2023
- 
12,080 
- 
1,545 
13,625 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
47,352 
34,676 
Accruals
636 
3,952 
Deferred income
83,172 
21,831 
131,160 
60,459 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
133,438 
- 
7
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
(37,606)
60,677 
Amounts falling due within one year
(37,606)
60,677 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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