ACCOUNTS - Final Accounts preparation

Registered number: OC444082

WHITFIELD ENTERPRISE (HEREFORD) LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

WHITFIELD ENTERPRISE (HEREFORD) LLP

REGISTERED NUMBER: OC444082

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

FIXED ASSETS
Tangible assets	4		269,943		276,187
			269,943		276,187
CURRENT ASSETS
Debtors: amounts falling due within one year	5	43,303		11,102
Bank and cash balances		12,302		-
		55,605		11,102
Creditors: Amounts Falling Due Within One Year	6	(75,507)		(24,097)
NET CURRENT LIABILITIES			(19,902)		(12,995)
TOTAL ASSETS LESS CURRENT LIABILITIES			250,041		263,192

NET ASSETS			250,041		263,192

REPRESENTED BY:
LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
MEMBERS' OTHER INTERESTS
Members' capital classified as equity	250,041		263,192
		250,041		263,192
		250,041		263,192

TOTAL MEMBERS' INTERESTS
Statement Of Financial Position	250,041	263,192
	250,041	263,192

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.

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WHITFIELD ENTERPRISE (HEREFORD) LLP

REGISTERED NUMBER: OC444082

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The entity has opted not to file the statement of comprehensive income 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 by:

Mr Edward George Clive	Mrs Tamsin Sczerina Clive
Designated member	Designated member

Date: 22 December 2025

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

Whitfield Enterprise (Hereford) 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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WHITFIELD ENTERPRISE (HEREFORD) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Whitfield Enterprises (Hereford) LLP, (OC444082), is a private limited liability partnership, limited by guarantee, incorporated in England and Wales, with the registered office and principle place of business at Whitfield House, Whitfield, Hereford, HR2 9BA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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.

The following principal accounting policies have been applied:

2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the LLP has transferred the significant risks and rewards of ownership to the buyer;

∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

INTEREST INCOME

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

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WHITFIELD ENTERPRISE (HEREFORD) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Freehold property	-		Not depreciated
				Fixtures and fittings	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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WHITFIELD ENTERPRISE (HEREFORD) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

4.	TANGIBLE FIXED ASSETS

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 April 2024	244,972	31,215	276,187
At 31 March 2025	244,972	31,215	276,187
Depreciation
Charge for the year on owned assets	-	6,244	6,244
At 31 March 2025	-	6,244	6,244
Net book value
At 31 March 2025	244,972	24,971	269,943
At 31 March 2024	244,972	31,215	276,187

DEBTORS

					2025	2024
					£	£


Trade debtors	-	2,927
Amounts owed by joint ventures and associated undertakings	9,932	8,175
Other debtors	33,371	-
	43,303	11,102

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WHITFIELD ENTERPRISE (HEREFORD) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	8,600	4,981
Amounts owed to other participating interests	17,780	16,094
Other creditors	29,196	787
Accruals and deferred income	19,931	2,235
	75,507	24,097

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