REGISTERED NUMBER: OC390766 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

WPIII LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

W P Igoe

Mrs A I Igoe

REGISTERED OFFICE:

WPI House

King Street Trading Estate

Middlewich

CW10 9LF

REGISTERED NUMBER:

OC390766 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Tangible assets

4

2,913,795

2,943,647

CURRENT ASSETS

Stocks

17,500

17,500

Debtors

5

3,856

19,876

Cash at bank and in hand

45,911

50,942

67,267

88,318

CREDITORS

Amounts falling due within one year

6

257,349

237,610

NET CURRENT LIABILITIES

(190,082

)

(149,292

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,723,713

2,794,355

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

2,723,713

2,794,355

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,723,713

2,794,355

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 8 December 2025 and were signed by:

Mrs A I Igoe - Designated member

1.	STATUTORY INFORMATION

WPIII 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 49 (2024 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

2,954,915

322,619

3,277,534

Additions

17,240

10,665

27,905

At 31 March 2025

2,972,155

333,284

3,305,439

DEPRECIATION

At 1 April 2024

152,172

181,715

333,887

Charge for year

30,031

27,726

57,757

At 31 March 2025

182,203

209,441

391,644

NET BOOK VALUE

At 31 March 2025

2,789,952

123,843

2,913,795

At 31 March 2024

2,802,743

140,904

2,943,647

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

679

679

Other debtors

3,177

19,197

3,856

19,876

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

78,867

138,318

Amounts owed to group undertakings

77,208

7,208

Taxation and social security

39,649

33,994

Other creditors

61,625

58,090

257,349

237,610

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and other creditors are not adversely affected.

8.	RELATED PARTY DISCLOSURES

At 31 March 2025 the LLP owed £77,208 (2024: £7,208) to WPI Homes Limited, being a company controlled by W Igoe

At 31 March 2025 the LLP was owed £679 (2024: £679) from WPI Motorsport Limited, being a company controlled by I Igoe

All balances are interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by the designated members.