Registered No. OC377663 (England and Wales)
Morrinson Wealth Management LLP
Unaudited accounts
for the year ended 31 March 2025
Morrinson Wealth Management LLP
LLP Information
for the year ended 31 March 2025
Designated members
Claudia Leslie Burgos-Morrinson
Registered Number
OC377663 (England and Wales)
Registered Office
Second Floor Genesis House
1-2 The Grange
High Street
Westerham
Kent
TN16 1AH
England
Morrinson Wealth Management LLP
Statement of financial position
as at 31 March 2025
Intangible assets
5,985
7,885
Cash at bank and in hand
488
61,887
Creditors: amounts falling due within one year
(3,929,433)
(3,575,604)
Net current liabilities
(3,928,945)
(3,513,717)
Net liabilities attributable to members
(3,922,960)
(3,505,832)
Other reserves
(3,922,960)
(3,505,832)
Members' other interests
(3,922,960)
(3,505,832)
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 29 December 2025.
Stanley Morrinson
Designated member
Limited Liability Partnership Registration No. OC377663
Morrinson Wealth Management LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Morrinson Wealth Management LLP is a limited liability partnership, incorporated in England and Wales, registration number OC377663. Its registered office is Second Floor Genesis House, 1-2 The Grange, High Street, Westerham, Kent, TN16 1AH, England.
3
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
4,644,410
11,400
4,655,810
At 31 March 2025
4,644,410
11,400
4,655,810
At 1 April 2024
4,644,410
3,515
4,647,925
Charge for the year
-
1,900
1,900
At 31 March 2025
4,644,410
5,415
4,649,825
At 31 March 2025
-
5,985
5,985
At 31 March 2024
-
7,885
7,885
In the previous year, the disposal of customer list was incorrectly recognised. As a result of this , adjustments
have been made to relevant accounts accordingly. The amount of correction for each financial statement line
item affected and the amount of the correction at the beginning of the earliest prior period presented is
disclosed in note 12.
Morrinson Wealth Management LLP
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,044,468
4,044,468
Trade creditors
(858,695)
(698,685)
Taxes and social security costs
21,961
36,963
Other creditors
721,699
192,858
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Transactions with related parties
At 31 March 2025, the company was owed £nil (2024 - £Nil) from MWHCO Ltd, owed £nil (2024- £25,500) from MWW Ltd in which Mr. S E A Morrinson, a member has significant interest in all of them.
8
Average number of employees
During the year the average number of employees was 60 (2024: 65).