ACCOUNTS - Final Accounts preparation

Registered number: OC452931

JOE WICKS AND PARTNERS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025


JOE WICKS AND PARTNERS LLP REGISTERED NUMBER:OC452931

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£


Current assets
Debtors: amounts falling due within one year	4	370,155
Cash at bank	5	147,213
		517,368
Current liabilities
Creditors: amounts falling due within one year	6	(347,543)
Net current assets			169,825
Total assets less current liabilities			169,825

Net assets			169,825

Represented by:
Loans and other debts due to members within one year
Other amounts			169,825
			169,825

			169,825

Total members' interests
Amounts due from members (included in debtors)	4	(243,894)
Loans and other debts due to members	7	169,825
		(74,069)

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JOE WICKS AND PARTNERS LLP REGISTERED NUMBER:OC452931

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 22 December 2025.

J T Wicks

Designated member

The notes on pages 3 to 6 form part of these financial statements.

Joe Wicks And Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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JOE WICKS AND PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Joe Wicks And Partners LLP is a limited liability partnership, registered in England and Wales, registration number OC452931. The registered office address is 4th Floor, Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The LLP was incorporated on 4 July 2024 and commenced trading on 1 September 2024.

The accounting reference date of the LLP has been shortened from 31 July 2025 to 31 March 2025.

The principal activity of the LLP is the promotion of healthy recreation activities through appearances, books and video.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The financial statements have been prepared on the going concern basis as the members have confirmed they will continue to provide necessary funding in order for the LLP to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the members are satisfied that the financial statements should be prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.

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JOE WICKS AND PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the promotion of healthy recreation activities through appearances, books and video is recognised when it is probable the company will receive the right to the consideration due under the contract.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

In the event of the LLP making losses, the loss is recognised as a debit within equity under 'Other reserves'.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Financial instruments

The LLP enters into basic financial instrument transactions that result in the recognition of financial assets liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

Employees

The average monthly number of employees, including members, during the period was 2.

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JOE WICKS AND PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					2025
					£


	Trade debtors	88,800
	Prepayments and accrued income	37,461
	Amounts due from members	243,894
		370,155

5.	Cash
		2025
		£

	Cash at bank	147,213

6.	Creditors: amounts falling due within one year
		2025
		£

	Trade creditors	4,562
	Other taxation and social security	118,492
	Accruals and deferred income	224,489
		347,543

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JOE WICKS AND PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	Loans and other debts due to members

		2025
		£


	Other amounts due to members	169,825
		169,825

Loans and other debts due to members may be further analysed as follows:

					2025
					£


	Falling due within one year	169,825
		169,825

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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