IRIS Accounts Production v25.3.0.601 OC412531 designated member 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4125312024-03-31OC4125312025-03-31OC4125312024-04-012025-03-31OC4125312022-12-31OC4125312023-01-012024-03-31OC4125312024-03-31OC412531ns15:EnglandWales2024-04-012025-03-31OC412531ns14:PoundSterling2024-04-012025-03-31OC412531ns10:PartnerLLP12024-04-012025-03-31OC412531ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31OC412531ns10:SmallEntities2024-04-012025-03-31OC412531ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31OC412531ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31OC412531ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31OC412531ns10:FullAccounts2024-04-012025-03-31OC41253112024-04-012025-03-31OC412531ns10:PartnerLLP22024-04-012025-03-31OC412531ns10:RegisteredOffice2024-04-012025-03-31OC412531ns5:CurrentFinancialInstruments2025-03-31OC412531ns5:CurrentFinancialInstruments2024-03-31OC412531ns5:Non-currentFinancialInstruments2025-03-31OC412531ns5:Non-currentFinancialInstruments2024-03-31OC412531ns5:NetGoodwill2024-04-012025-03-31OC412531ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-31OC412531ns5:NetGoodwill2024-03-31OC412531ns5:NetGoodwill2025-03-31OC412531ns5:NetGoodwill2024-03-31OC412531ns5:PlantMachinery2024-03-31OC412531ns5:PlantMachinery2024-04-012025-03-31OC412531ns5:PlantMachinery2025-03-31OC412531ns5:PlantMachinery2024-03-31OC412531ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31OC412531ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: OC412531 (England and Wales)
























WELLS & CO. FINANCIAL PLANNING LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025





All Tax Limited Chartered Tax Adviser
17 Mortimer Road
Queens Park
Bournemouth
Dorset
BH8 9HP








WELLS & CO. FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC412531)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELLS & CO. FINANCIAL PLANNING LLP

GENERAL INFORMATION
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: B Wells
Ms O Wells





REGISTERED OFFICE: Southgate Chambers
37/39 Southgate Street
Winchester
Hampshire
SO23 9EH





REGISTERED NUMBER: OC412531 (England and Wales)





ACCOUNTANTS: All Tax Limited Chartered Tax Adviser
17 Mortimer Road
Queens Park
Bournemouth
Dorset
BH8 9HP
Page 1
WELLS & CO. FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC412531)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 398,781 398,781
Tangible assets 5 3,757 4,180
402,538 402,961

CURRENT ASSETS
Debtors 6 41,203 70,596
Cash at bank 16,981 18,270
58,184 88,866
CREDITORS
Amounts falling due within one year 7 1,254 1,254
NET CURRENT ASSETS 56,930 87,612
TOTAL ASSETS LESS CURRENT
LIABILITIES
459,468
490,573

CREDITORS
Amounts falling due after more than one
year
8
225,828
263,896
NET ASSETS ATTRIBUTABLE TO
MEMBERS
233,640
226,677

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
233,640
226,677

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 233,640 226,677

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 notes form part of these financial statements

Page 2 continued...
WELLS & CO. FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC412531)

BALANCE SHEET - continued
31 March 2025


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 October 2025 and were signed by:





B Wells - Designated member

The notes form part of these financial statements

Page 3
WELLS & CO. FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC412531)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Wells & Co. Financial Planning LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 398,781
NET BOOK VALUE
At 31 March 2025 398,781
At 31 March 2024 398,781

Page 4 continued...
WELLS & CO. FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC412531)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 14,262
Additions 829
At 31 March 2025 15,091
DEPRECIATION
At 1 April 2024 10,082
Charge for year 1,252
At 31 March 2025 11,334
NET BOOK VALUE
At 31 March 2025 3,757
At 31 March 2024 4,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 41,203 44,596
Other debtors - 26,000
41,203 70,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 1,254 1,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 225,828 263,896

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 225,828 263,896

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank below other creditors.

Page 5