IRIS Accounts Production v25.4.12.37 OC433711 designated member 1.1.25 31.3.25 31.3.25 0 0 false true false false true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC433711 2024-12-31 OC433711 2025-03-31 OC433711 2025-01-01 2025-03-31 OC433711 2024-03-31 OC433711 2024-04-01 2024-12-31 OC433711 2024-12-31 OC433711 ns15:EnglandWales 2025-01-01 2025-03-31 OC433711 ns14:PoundSterling 2025-01-01 2025-03-31 OC433711 ns10:PartnerLLP1 2025-01-01 2025-03-31 OC433711 ns10:LimitedLiabilityPartnershipLLP 2025-01-01 2025-03-31 OC433711 ns10:SmallEntities 2025-01-01 2025-03-31 OC433711 ns10:AuditExemptWithAccountantsReport 2025-01-01 2025-03-31 OC433711 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-03-31 OC433711 ns10:LimitedLiabilityPartnershipsSORP 2025-01-01 2025-03-31 OC433711 ns10:FullAccounts 2025-01-01 2025-03-31 OC433711 ns10:RegisteredOffice 2025-01-01 2025-03-31 OC433711 ns5:CurrentFinancialInstruments 2025-03-31 OC433711 ns5:CurrentFinancialInstruments 2024-12-31 OC433711 ns5:Non-currentFinancialInstruments 2025-03-31 OC433711 ns5:Non-currentFinancialInstruments 2024-12-31 OC433711 ns5:PlantMachinery 2025-01-01 2025-03-31 OC433711 ns5:OwnedAssets 2025-01-01 2025-03-31 OC433711 ns5:OwnedAssets 2024-04-01 2024-12-31 OC433711 ns5:LandBuildings 2024-12-31 OC433711 ns5:PlantMachinery 2024-12-31 OC433711 ns5:LandBuildings 2025-01-01 2025-03-31 OC433711 ns5:LandBuildings 2025-03-31 OC433711 ns5:PlantMachinery 2025-03-31 OC433711 ns5:LandBuildings 2024-12-31 OC433711 ns5:PlantMachinery 2024-12-31

REGISTERED NUMBER: OC433711 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Period 1st January 2025 to 31st March 2025

for

Wallwork Wealth LLP

| Wallwork Wealth LLP (Registered number: OC433711) |

Contents of the Financial Statements

for the Period 1st January 2025 to 31st March 2025

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Balance Sheet | 4 |

| Notes to the Financial Statements | 6 |

| Wallwork Wealth LLP |

General Information

for the Period 1st January 2025 to 31st March 2025

| DESIGNATED MEMBERS: | N J Wallwork

| Mrs B Wallwork

| Wallwork Capital Ltd

| Redbrick Wealth Ltd

| The Skin Center Limited

| Online Asset Management Limited

| REGISTERED OFFICE: | 49 London Street

| Reading

| RG1 4PS

| REGISTERED NUMBER: | OC433711 (England and Wales)

| ACCOUNTANTS: | OCG Accountants Ltd

| Biz Hub Tees Valley

| Belasis Hall Technology Park

| Coxwold Way

| Billingham

| Co. Durham

| TS23 4EA

| Wallwork Wealth LLP (Registered number: OC433711) |

Report of the Members

for the Period 1st January 2025 to 31st March 2025

The members present their report with the financial statements of the LLP for the period 1st January 2025 to 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of property development.

DESIGNATED MEMBERS

The designated members during the period under review were:

N J Wallwork

Mrs B Wallwork

Wallwork Capital Ltd

Redbrick Wealth Ltd

The Skin Center Limited

Online Asset Management Limited

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The loss for the period before members' remuneration and profit shares was £48,962 (2024 - £19,201 loss).

MEMBERS' INTERESTS

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period.

ON BEHALF OF THE MEMBERS:

N J Wallwork - Designated member

5th March 2026

| Wallwork Wealth LLP (Registered number: OC433711) |

Income Statement

for the Period 1st January 2025 to 31st March 2025

| Period |  | Period

| 1.1.25 |  | 1.4.24

| to |  | to

| 31.3.25 |  | 31.12.24

| Notes | £ | £ |

TURNOVER | 68,182 |  | 73,430 |  |

Administrative expenses | (7,886 | ) | (8,742 | ) |

OPERATING PROFIT | 4 | 60,296 |  | 64,688 |  |

Interest payable and similar expenses | (109,258 | ) | (83,889 | ) |

LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (48,962 | ) | (19,201 | ) |

| Wallwork Wealth LLP (Registered number: OC433711) |

Balance Sheet

31st March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,921,156 |  | 1,924,042 |  |

CURRENT ASSETS

Debtors | 40,704 |  | 52,140 |  |

CREDITORS

Amounts falling due within one year | 6 | (6,758 | ) | (13,406 | ) |

NET CURRENT ASSETS | 33,946 |  | 38,734 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,955,102 |  | 1,962,776 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (1,138,117 | ) | (1,132,380 | ) |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 816,985 |  | 830,396 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | - |  | 830,396 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 816,985 |  | - |  |

816,985 |  | 830,396 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | - |  | 830,396 |  |

Members' other interests | 816,985 |  | - |  |

Amounts due from members | (40,704 | ) | (52,140 | ) |

776,281 |  | 778,256 |  |

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 period ended 31st 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.

| Wallwork Wealth LLP (Registered number: OC433711) |

Balance Sheet - continued

31st March 2025

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

The financial statements were approved by the members of the LLP and authorised for issue on 5th March 2026 and were signed by:

N J Wallwork - Designated member

| Wallwork Wealth LLP (Registered number: OC433711) |

Notes to the Financial Statements

for the Period 1st January 2025 to 31st March 2025

1. | STATUTORY INFORMATION

| Wallwork Wealth LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| TURNOVER

| Turnover 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.

| Plant and machinery etc | - | 25% on cost

3. | EMPLOYEE INFORMATION

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

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| Period |  | Period

| 1.1.25 |  | 1.4.24

| to |  | to

| 31.3.25 |  | 31.12.24

£ | £ |

| Depreciation - owned assets | 2,886 |  | 3,847 |  |

| Wallwork Wealth LLP (Registered number: OC433711) |

Notes to the Financial Statements - continued

for the Period 1st January 2025 to 31st March 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1st January 2025

| and 31st March 2025 | 1,912,500 |  | 27,359 |  | 1,939,859 |  |

| DEPRECIATION

| At 1st January 2025 | - |  | 15,817 |  | 15,817 |  |

| Charge for period | - |  | 2,886 |  | 2,886 |  |

| At 31st March 2025 | - |  | 18,703 |  | 18,703 |  |

| NET BOOK VALUE

| At 31st March 2025 | 1,912,500 |  | 8,656 |  | 1,921,156 |  |

| At 31st December 2024 | 1,912,500 |  | 11,542 |  | 1,924,042 |  |

| Cost or valuation at 31st March 2025 is represented by:

| Land and

| buildings

£ |

| Valuation in 2024 | 55,000 |  |

| Cost | 1,857,500 |  |

1,912,500 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 7,548 |  |

| Other creditors | 6,758 |  | 5,858 |  |

6,758 |  | 13,406 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 20,483 |  |

| Other creditors | 1,138,117 |  | 1,111,897 |  |

1,138,117 |  | 1,132,380 |  |

| Wallwork Wealth LLP (Registered number: OC433711) |

Notes to the Financial Statements - continued

for the Period 1st January 2025 to 31st March 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| secured Debts | 1,138,117 |  | 1,111,897 |  |

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | - |  | 830,396 |  |

| Falling due within one year | - |  | 830,396 |  |

| Members rank ahead of other creditors in liquidation.