REGISTERED NUMBER: OC345016 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wye Residential LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D Litchfield

R E Mackay

S Harnett

G W Almrott

P R C Ellis

REGISTERED OFFICE:

c/o Wilson Partners Limited,

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

REGISTERED NUMBER:

OC345016 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Tangible assets

4

55,656

82,953

CURRENT ASSETS

Debtors

5

122,411

110,002

Cash at bank and in hand

212,789

100,640

335,200

210,642

CREDITORS

Amounts falling due within one year

6

(122,885

)

(132,554

)

NET CURRENT ASSETS

212,315

78,088

TOTAL ASSETS LESS CURRENT LIABILITIES

267,971

161,041

CREDITORS

Amounts falling due after more than one year

7

(33,124

)

(39,203

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

234,847

121,838

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

142,247

29,238

MEMBERS' OTHER INTERESTS

Capital accounts

92,600

92,600

234,847

121,838

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

142,247

29,238

Members' other interests

92,600

92,600

Amounts due from members

5

-

(16,392

)

234,847

105,446

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 28 August 2025 and were signed by:

G W Almrott - Designated member

1.	STATUTORY INFORMATION

Wye Residential 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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Commission earned on sales of property is recognised on exchange of contract, commission earned on securing a letting is recognised immediately whilst management fees are billed and recognised monthly at a fixed percentage of the monthly rental.

Tangible fixed assets

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

Improvements to property

-

Over the lease term

Fixtures and fittings

-

50% on cost and 15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 33 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

350,241

Additions

9,584

Disposals

(16,100

)

At 31 March 2025

343,725

DEPRECIATION

At 1 April 2024

251,255

Charge for year

28,341

Eliminated on disposal

8,473

At 31 March 2025

288,069

NET BOOK VALUE

At 31 March 2025

55,656

At 31 March 2024

98,986

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

85,783

20,843

Other debtors

31,948

84,479

117,731

105,322

31.3.25

31.3.24

£

£

Amounts falling due after more than one year:

Other debtors

4,680

4,680

Aggregate amounts

122,411

110,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

11,811

36,517

Trade creditors

3,168

35,623

Taxation and social security

86,810

51,253

Other creditors

21,096

9,161

122,885

132,554

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

33,124

39,203

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,450

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

4,413

17,650

Between one and five years

-

2,942

4,413

20,592

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.