REGISTERED NUMBER: OC426017 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

WP Audit Services LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C J Wilson

Wilson Partners Limited

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

OC426017 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

-

12,358

Investments

6

1

-

1

12,358

CURRENT ASSETS

Debtors

7

167,886

127,235

Cash at bank

112,158

368,800

280,044

496,035

CREDITORS

Amounts falling due within one year

8

(193,457

)

(102,839

)

NET CURRENT ASSETS

86,587

393,196

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

86,588

405,554

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

86,588

405,554

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

86,588

405,554

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 18 December 2025 and were signed by:

C J Wilson - Designated member

1.	STATUTORY INFORMATION

WP Audit Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue

Revenue 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.

Office equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

4.	EMPLOYEE INFORMATION

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

5.	PROPERTY, PLANT AND EQUIPMENT

Office

equipment

£

Cost

At 1 April 2024

27,578

Disposals

(8,227

)

At 31 March 2025

19,351

Depreciation

At 1 April 2024

15,220

Charge for year

6,997

Eliminated on disposal

(2,866

)

At 31 March 2025

19,351

Net book value

At 31 March 2025

-

At 31 March 2024

12,358

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

Additions

1

At 31 March 2025

1

Net book value

At 31 March 2025

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

161,686

121,700

Other debtors

6,200

5,535

167,886

127,235

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

193,457

53,665

Taxation and social security

-

49,174

193,457

102,839

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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