REGISTERED NUMBER: OC420854 (England and Wales)

Report of the Members and

Financial Statements for the Year Ended 31 March 2025

for

Practical Wellbeing LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr A C Hunt

Ms K Ellis

REGISTERED OFFICE:

58 Dunkeld Close

South Beach

Blyth

Northumberland

NE24 3SP

REGISTERED NUMBER:

OC420854 (England and Wales)

ACCOUNTANTS:

Paul Connon, FFA, FFTA

Suite 24 Arms Evertyne House

Quay Road

Blyth

Northumberland

NE24 2AS

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of therapy and training.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr A C Hunt

Ms K Ellis

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £18,613 (2024 - £21,427 profit).

MEMBERS' INTERESTS

A breakdown of members interests are shown on pages 11 and 12.

ON BEHALF OF THE MEMBERS:

Mr A C Hunt - Designated member

8 December 2025

TURNOVER

24,666

30,634

Cost of sales

919

948

GROSS PROFIT

23,747

29,686

Administrative expenses

5,253

8,391

OPERATING PROFIT

4

18,494

21,295

Interest receivable and similar income

119

132

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

18,613

21,427

FIXED ASSETS

Tangible assets

5

932

746

CURRENT ASSETS

Debtors

12,331

10,545

Cash at bank

10,658

15,593

22,989

26,138

CREDITORS

Amounts falling due within one year

6

828

788

NET CURRENT ASSETS

22,161

25,350

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

23,093

26,096

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

13,093

16,096

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

10,000

23,093

26,096

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

13,093

16,096

Members' other interests

10,000

10,000

Amounts due from members

(12,331

)

(10,545

)

10,762

15,551

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 8 December 2025 and were signed by:

Mr A C Hunt - Designated member

1.	STATUTORY INFORMATION

Practical Wellbeing 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

216

150

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,245

Additions

402

At 31 March 2025

1,647

DEPRECIATION

At 1 April 2024

499

Charge for year

216

At 31 March 2025

715

NET BOOK VALUE

At 31 March 2025

932

At 31 March 2024

746

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

828

788

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.