1 April 2024 false No description of principal activity Taxfiler 2024.6 OC394192business:LimitedLiabilityPartnershipLLP2024-04-012025-03-31 OC3941922024-03-31 OC3941922024-04-012025-03-31 OC394192business:AuditExemptWithAccountantsReport2024-04-012025-03-31 OC394192business:FilletedAccounts2024-04-012025-03-31 OC3941922025-03-31 OC394192business:PartnerLLP12024-04-012025-03-31 OC394192business:PartnerLLP32024-04-012025-03-31 OC394192business:RegisteredOffice2024-04-012025-03-31 OC3941922024-03-31 OC394192core:WithinOneYear2025-03-31 OC394192core:WithinOneYear2024-03-31 OC394192core:RetainedEarningsAccumulatedLosses2025-03-31 OC394192core:RetainedEarningsAccumulatedLosses2024-03-31 OC394192business:SmallEntities2024-04-012025-03-31 OC394192core:MotorVehicles2024-04-012025-03-31 OC394192core:ComputerEquipment2024-04-012025-03-31 OC394192countries:EnglandWales2024-04-012025-03-31 OC394192core:MotorVehicles2024-03-31 OC394192core:ComputerEquipment2024-03-31 OC394192core:MotorVehicles2025-03-31 OC394192core:ComputerEquipment2025-03-31 OC3941922023-04-012024-03-31 iso4217:GBP xbrli:pure
Registered No. OC394192 (England and Wales)
John Phillips Financial Planning LLP Unaudited accounts for the year ended 31 March 2025
John Phillips Financial Planning LLP LLP Information for the year ended 31 March 2025
Designated members
Miss Jacqueline Elizabeth Phillips
Ms Mary R Whale
Registered Number
OC394192 (England and Wales)
Registered Office
Tanybryn Oldwalls Llanrhidian Swansea SA3 1HA United Kingdom
Accountants
Gower Accountancy & Tax Advisory Services Ltd Unit 47a Crofty Industrial Estate Penclawdd Swansea Swansea SA3 3RS
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John Phillips Financial Planning LLP Accountants' report
Accountants' report to the members of John Phillips Financial Planning LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Phillips Financial Planning LLP for the year ended 31 March 2025 as set out on pages 4 - 5 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of John Phillips Financial Planning LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Phillips Financial Planning LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Phillips Financial Planning LLP and its members as a body for our work or for this report.
It is your duty to ensure that John Phillips Financial Planning LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of John Phillips Financial Planning LLP. You consider that John Phillips Financial Planning LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of John Phillips Financial Planning LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gower Accountancy & Tax Advisory Services Ltd Unit 47a Crofty Industrial Estate Penclawdd Swansea Swansea SA3 3RS 29 April 2025
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John Phillips Financial Planning LLP Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
29,830 
21,392 
Current assets
Debtors
3,064 
- 
Cash at bank and in hand
7,125 
18,387 
10,189 
18,387 
Creditors: amounts falling due within one year
4
(370)
(82)
Net current assets
9,819 
18,305 
Net assets attributable to members
39,649 
39,697 
Represented by:
Members' other interests
Other reserves
39,649 
39,697 
39,649 
39,697 
Total members' interests
Members' other interests
39,649 
39,697 
39,649 
39,697 
For the year ending 31 March 2025 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 29 April 2025.
Miss Jacqueline Elizabeth Phillips Designated member Limited Liability Partnership Registration No. OC394192
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John Phillips Financial Planning LLP Notes to the Accounts for the year ended 31 March 2025
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
2
Statutory information
John Phillips Financial Planning LLP is a limited liability partnership, incorporated in England and Wales, registration number OC394192. Its registered office is Tanybryn, Oldwalls, Llanrhidian, Swansea, SA3 1HA, United Kingdom.
3
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
54,450 
1,149 
55,599 
Additions
22,074 
- 
22,074 
Disposals
(19,000)
- 
(19,000)
At 31 March 2025
57,524 
1,149 
58,673 
Depreciation
At 1 April 2024
33,094 
1,113 
34,207 
Charge for the year
5,578 
42 
5,620 
On disposals
(10,984)
- 
(10,984)
At 31 March 2025
27,688 
1,155 
28,843 
Net book value
At 31 March 2025
29,836 
(6)
29,830 
At 31 March 2024
21,356 
36 
21,392 
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security costs
370 
82 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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