Wyer Properties LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC450930

		28 February 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		359
Investment Properties	5		770,000

			770,359
CURRENT ASSETS
Cash at bank and in hand		8,497

		8,497
Creditors: Amounts Falling Due Within One Year	6	(425 )

NET CURRENT ASSETS (LIABILITIES)			8,072

TOTAL ASSETS LESS CURRENT LIABILITIES			778,431

Creditors: Amounts Falling Due After More Than One Year	7		(404,754 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			373,677

REPRESENTED BY:
Loans and other debts due to members
Other amounts		12,431

			12,431

Equity
Members' other interests
Members' capital		361,246

			361,246

			373,677

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			12,431
Members' other interests			361,246

			373,677

Page 1

Page 2

Wyer Properties LLP

Balance Sheet (continued)

As At 28 February 2025

For the period ending 28 February 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs Sarah Wyer

Designated Member

05/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Wyer Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC450930 . The Registered Office is 11 Muzzle Patch, Tibberton, Gloucester, GL2 8EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% Cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: 1

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 8 February 2024	-
Additions	449

As at 28 February 2025	449

...CONTINUED

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Wyer Properties LLP

Notes to the Financial Statements (continued)

For the Period 8 February 2024 to 28 February 2025

Depreciation
As at 8 February 2024	-
Provided during the period	90

As at 28 February 2025	90

Net Book Value
As at 28 February 2025	359

As at 8 February 2024	-

5. Investment Property

	28 February 2025
	£
Fair Value
As at 8 February 2024	-
Additions	770,000

As at 28 February 2025	770,000

6. Creditors: Amounts Falling Due Within One Year

	28 February 2025
	£
Other creditors	425

7. Creditors: Amounts Falling Due After More Than One Year

	28 February 2025
	£
Bank loans	404,754

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