Edward Trehearne Wealth Management LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC378921

Edward Trehearne Wealth Management LLP

Filleted Unaudited Financial Statements

31 March 2025

Edward Trehearne Wealth Management LLP

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Edward Trehearne Wealth Management LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		830	1,506

Current assets

Debtors	7	34,453	36,191
Cash at bank and in hand		120,744	104,371
		--------	--------
		155,197	140,562

Creditors: amounts falling due within one year	8	6,482		6,082
		--------		--------
Net current assets			148,715	134,480
			--------	--------
Total assets less current liabilities			149,545	135,986
			--------	--------
Net assets			149,545	135,986
			--------	--------

Represented by:

Loans and other debts due to members

Other amounts	9		149,495	135,936

Members' other interests

Members' capital classified as equity	50	50
Other reserves	–	–
	--------	--------
	149,545	135,986
	--------	--------

Total members' interests

Loans and other debts due to members	9	149,495	135,936
Members' other interests		50	50
		--------	--------
		149,545	135,986
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31 March 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) relating to small LLPs.

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 financial statements .

Edward Trehearne Wealth Management LLP

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 11 December 2025 , and are signed on their behalf by:

Mr E Trehearne

Designated Member

Registered number: OC378921

Edward Trehearne Wealth Management LLP

Notes to the Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Montague Court, London Road, Newbury, Berkshire, RG14 1JL, United Kingdom.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

The turnover shown in the profit and loss account represents amounts due for services provided during the year.

(c) Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

In the event of winding-up of the LLP amounts owed to members in respect of profits would rank behind other creditors of the LLP. No protection is afforded to members' other interests in the event of winding up.

(d) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

4.	Employee numbers

The LLP had no employees for the current or preceding year.

5.	Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	451,246
	--------
Amortisation
At 1 April 2024 and 31 March 2025	451,246
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6.	Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024	3,379	3,379
Disposals	( 1,485)	( 1,485)
	-----	-----
At 31 March 2025	1,894	1,894
	-----	-----
Depreciation
At 1 April 2024	1,873	1,873
Charge for the year	676	676
Disposals	( 1,485)	( 1,485)
	-----	-----
At 31 March 2025	1,064	1,064
	-----	-----
Carrying amount
At 31 March 2025	830	830
	-----	-----
At 31 March 2024	1,506	1,506
	-----	-----

7.	Debtors

	2025	2024
	£	£
Trade debtors	34,453	36,191
	------	------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,082	1,682
Other creditors	4,400	4,400
	-----	-----
	6,482	6,082
	-----	-----

9.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	149,495	135,936
	--------	--------