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Registered number: OC344050
BWA Design LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: OC344050
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 528,144 390,272
528,144 390,272
CURRENT ASSETS
Debtors 5 43,013 79,130
Cash at bank and in hand 41,944 742
84,957 79,872
Creditors: Amounts Falling Due Within One Year 6 (166,448 ) (147,636 )
NET CURRENT ASSETS (LIABILITIES) (81,491 ) (67,764 )
TOTAL ASSETS LESS CURRENT LIABILITIES 446,653 322,508
Creditors: Amounts Falling Due After More Than One Year 7 (161,246 ) (136,035 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 285,407 186,473
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 186,986 88,052
186,986 88,052
Equity
Members' other interests
Revaluation reserve 98,421 98,421
98,421 98,421
285,407 186,473
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 186,986 88,052
Members' other interests 98,421 98,421
285,407 186,473
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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 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
Mr Anthony Webster Wickham
Designated Member
Ms Catherine Barr
Designated Member
9 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BWA Design LLP is a limited liability partnership, incorporated in England & Wales, registered number OC344050 . The Registered Office is The Byway Castle Lane, Hay On Wye, Hereford, HR3 5FD.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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:
Freehold Over 50 years
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
2.6. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
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2.7. Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
2.8. Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
3. Average Number of Employees
2025 2024
Average number of persons employed by the LLP 3 3
3 3
4. Tangible Assets
Land & Property
Freehold Plant and machinery Motor vehicles Total
£ £ £ £
Cost
As at 1 April 2024 332,195 115,147 150,509 597,851
Additions - 31,299 141,958 173,257
Disposals - (222 ) (26,003 ) (26,225 )
As at 31 March 2025 332,195 146,224 266,464 744,883
Depreciation
As at 1 April 2024 44,000 60,991 102,588 207,579
Provided during the period 4,000 17,008 12,489 33,497
Disposals - (205 ) (24,132 ) (24,337 )
As at 31 March 2025 48,000 77,794 90,945 216,739
Net Book Value
As at 31 March 2025 284,195 68,430 175,519 528,144
As at 1 April 2024 288,195 54,156 47,921 390,272
Freehold land and buildings historical costs is £226,580 (2024 : £226,580)
Freehold property was revalued by the Members in the year ended 31 March 2013 after taking due consideration of similar freeholds in the same condition and location. The members do not believe that there has been any material change in the valuation by the balance sheet date.
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 37,822 78,338
Other debtors 5,191 792
43,013 79,130
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 55,345 13,190
Trade creditors 30,959 16,855
Bank loans and overdrafts 17,158 41,210
Other creditors 62,514 70,640
Taxation and social security 472 5,741
166,448 147,636
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 85,671 43,425
Bank loans 75,575 92,610
161,246 136,035
Included within creditors falling due after more than one year is an amount of £16,172 (2024: £30,464) in respect of liabilities which fall due for payment after more than five years from the balance sheet date.
8. Related Party Transactions
In the opinion of the members there is no controlling party as defined by financial reporting Standard No 8 "Related party disclosures"
9. Member's participation rights
Member's participation rights are the rights of a member against the LLP that arise under the members' agreement.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amount 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.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among member in the Profit and Loss Accounts and are equity appropriations in the Balance Sheet.

...CONTINUED
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Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balance, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to member that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged as an expense. Amount due to members that are classified as equity are shown in the Balance Sheet within 'Member' other interests'.
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