REGISTERED NUMBER: OC418085 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31st March 2025

for

IWG CONSULTING LIMITED LIABILITY

PARTNERSHIP

Page

General Information

1

Report of the Members

2

Chartered Certified Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

I W Gray

Mrs J D Gray

REGISTERED OFFICE:

Tarrant House

Christchurch Road

Virginia Water

Surrey

GU25 4BE

REGISTERED NUMBER:

OC418085 (England and Wales)

ACCOUNTANTS:

Veritas Accountants & Advisory Limited

The Lexicon

Mount Street

Manchester

M2 5NT

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of consultancy and recruitment services to the residential, construction, property and real estate sector.

DESIGNATED MEMBERS

The designated members during the year under review were:

I W Gray

Mrs J D Gray

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £59,942 (2024 - £16,968 loss).

MEMBERS' INTERESTS

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of profit and the financing requirement of the company. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

ON BEHALF OF THE MEMBERS:

I W Gray - Designated member

20th May 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of IWG CONSULTING LIMITED LIABILITY PARTNERSHIP for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the members of IWG CONSULTING LIMITED LIABILITY PARTNERSHIP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IWG CONSULTING LIMITED LIABILITY PARTNERSHIP and state those matters that we have agreed to state to the members of IWG CONSULTING LIMITED LIABILITY PARTNERSHIP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that IWG CONSULTING LIMITED LIABILITY PARTNERSHIP 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 profit of IWG CONSULTING LIMITED LIABILITY PARTNERSHIP. You consider that IWG CONSULTING LIMITED LIABILITY PARTNERSHIP 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 IWG CONSULTING LIMITED LIABILITY PARTNERSHIP. 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.

Veritas Accountants & Advisory Limited

The Lexicon

Mount Street

Manchester

M2 5NT

10th December 2025

TURNOVER

39,706

49,950

Administrative expenses

(20,790

)

57,312

OPERATING PROFIT/(LOSS)

4

60,496

(7,362

)

Interest receivable and similar income

-

52

60,496

(7,310

)

Interest payable and similar expenses

554

9,658

PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

59,942

(16,968

)

FIXED ASSETS

Tangible assets

6

26,282

150,244

CURRENT ASSETS

Debtors

6,830

121,545

Cash at bank

46,991

45,346

53,821

166,891

CREDITORS

Amounts falling due within one year

7

6,759

146,380

NET CURRENT ASSETS

47,062

20,511

TOTAL ASSETS LESS CURRENT LIABILITIES

73,344

170,755

CREDITORS

Amounts falling due after more than one year

8

21,782

170,755

NET ASSETS ATTRIBUTABLE TO MEMBERS

51,562

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

51,562

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

51,562

-

Amounts due from members

(6,830

)

(121,545

)

44,732

(121,545

)

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 31st 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 20th May 2025 and were signed by:

I W Gray - Designated member

1.	STATUTORY INFORMATION

IWG CONSULTING LIMITED LIABILITY PARTNERSHIP 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There has been no critical judgements, estimate and assumptions made in the preparation of these financial statements.

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.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

10,974

44,045

5.	INFORMATION IN RELATION TO MEMBERS

31.3.25

31.3.24

The average number of members during the year was

2

2

6.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

217,348

2,298

219,646

Disposals

(165,348

)

-

(165,348

)

At 31st March 2025

52,000

2,298

54,298

DEPRECIATION

At 1st April 2024

68,827

575

69,402

Charge for year

10,400

574

10,974

Eliminated on disposal

(52,360

)

-

(52,360

)

At 31st March 2025

26,867

1,149

28,016

NET BOOK VALUE

At 31st March 2025

25,133

1,149

26,282

At 31st March 2024

148,521

1,723

150,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

4,960

26,463

Trade creditors

(1

)

82

Other creditors

-

118,335

Accrued expenses

1,800

1,500

6,759

146,380

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

21,782

170,755

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

26,742

197,218

The Hire Purchase creditors are secured on the assets they are financing.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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