1 April 2024 false No description of principal activity Taxfiler 2024.6 OC432340business:LimitedLiabilityPartnershipLLP2024-04-012025-03-31 OC4323402024-03-31 OC4323402024-04-012025-03-31 OC432340business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 OC432340business:FilletedAccounts2024-04-012025-03-31 OC4323402025-03-31 OC432340business:PartnerLLP22024-04-012025-03-31 OC432340business:PartnerLLP32024-04-012025-03-31 OC432340business:RegisteredOffice2024-04-012025-03-31 OC4323402024-03-31 OC432340core:WithinOneYear2025-03-31 OC432340core:WithinOneYear2024-03-31 OC432340core:AfterOneYear2025-03-31 OC432340core:AfterOneYear2024-03-31 OC432340core:RetainedEarningsAccumulatedLosses2025-03-31 OC432340core:RetainedEarningsAccumulatedLosses2024-03-31 OC432340business:SmallEntities2024-04-012025-03-31 OC432340countries:EnglandWales2024-04-012025-03-31 OC432340core:LandBuildings2024-03-31 OC432340core:LandBuildings2025-03-31 OC4323402023-04-012024-03-31 iso4217:GBP xbrli:pure
Registered No. OC432340 (England and Wales)
F&SW LLP Unaudited accounts for the year ended 31 March 2025
F&SW LLP LLP Information for the year ended 31 March 2025
Designated members
Mr Fritz Watson
Mrs Sally Watson
Registered Number
OC432340 (England and Wales)
Registered Office
WESTERFIELD BUSINESS CENTRE MAIN ROAD WESTERFIELD IPSWICH IP6 9AB ENGLAND
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F&SW LLP Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
1,280,489 
1,280,489 
Current assets
Cash at bank and in hand
2,987 
987 
Creditors: amounts falling due within one year
4
(500)
(500)
Net current assets
2,487 
487 
Total assets less current liabilities
1,282,976 
1,280,976 
Creditors: amounts falling due after more than one year
5
(1,009,165)
(1,056,230)
Net assets attributable to members
273,811 
224,746 
Represented by:
Loans and other debts due to members
6
232,927 
190,749 
Members' other interests
Other reserves
40,884 
33,997 
273,811 
224,746 
Total members' interests
Loans and other debts due to members
232,927 
190,749 
Members' other interests
40,884 
33,997 
273,811 
224,746 
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.
Mr Fritz Watson Designated member Limited Liability Partnership Registration No. OC432340
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F&SW LLP Notes to the Accounts for the year ended 31 March 2025
1
Accounting policies
Basis of preparation
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.
Presentation currency
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:
2
Statutory information
F&SW LLP is a limited liability partnership, incorporated in England and Wales, registration number OC432340. Its registered office is WESTERFIELD BUSINESS CENTRE MAIN ROAD, WESTERFIELD, IPSWICH, IP6 9AB, ENGLAND.
3
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2024
1,280,489 
At 31 March 2025
1,280,489 
Depreciation
At 31 March 2025
- 
Net book value
At 31 March 2025
1,280,489 
At 31 March 2024
1,280,489 
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Accruals
500 
500 
5
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,009,165 
1,056,230 
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F&SW LLP Notes to the Accounts for the year ended 31 March 2025
6
Loans and other debts due to members
2025 
2024 
£ 
£ 
Loans from members
259,943 
259,943 
Amounts due to members in respect of profits
(27,016)
(69,194)
232,927 
190,749 
Amounts falling due within one year
232,927 
190,749 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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