Whitmarsh Lockhart LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC353219 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Whitmarsh Lockhart LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

P A Whitmarsh

C Brooks

REGISTERED OFFICE:

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

OC353219 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

99,577

32,682

99,577

32,682

CURRENT ASSETS

Stocks

6

110

Debtors

7

59,557

50,326

Cash at bank and in hand

40,769

55,111

100,436

105,547

CREDITORS

Amounts falling due within one year

8

78,099

84,726

NET CURRENT ASSETS

22,337

20,821

TOTAL ASSETS LESS CURRENT
LIABILITIES

121,914

53,503

CREDITORS

Amounts falling due after more than one
year

9

64,129

23,286

NET ASSETS ATTRIBUTABLE TO
MEMBERS

57,785

30,217

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

47,785

25,217

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

5,000

57,785

30,217

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

47,785

25,217

Members' other interests

10,000

5,000

57,785

30,217

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 year ended 31 March 2026.

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.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 May 2026 and were signed by:

P A Whitmarsh - Designated member

C Brooks - Designated member

1.	STATUTORY INFORMATION

Whitmarsh Lockhart 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Move

-

25% on reducing balance

Website Design

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

83,017

AMORTISATION

At 1 April 2025

and 31 March 2026

83,017

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Office

Website

Plant and

Move

Design

machinery

£

COST

At 1 April 2025

9,485

24,025

6,285

Additions

-

Disposals

(9,485

)

(18,025

)

(6,285

)

At 31 March 2026

-

6,000

-

DEPRECIATION

At 1 April 2025

9,235

19,225

6,160

Charge for year

-

1,200

-

Eliminated on disposal

(9,235

)

(18,025

)

(6,160

)

At 31 March 2026

-

2,400

-

NET BOOK VALUE

At 31 March 2026

-

3,600

-

At 31 March 2025

250

4,800

125

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

38,714

38,583

87,903

204,995

Additions

-

93,487

2,696

96,183

Disposals

(34,997

)

-

(68,357

)

(137,149

)

At 31 March 2026

3,717

132,070

22,242

164,029

DEPRECIATION

At 1 April 2025

36,392

16,735

84,566

172,313

Charge for year

330

24,939

934

27,403

Eliminated on disposal

(33,994

)

-

(67,850

)

(135,264

)

At 31 March 2026

2,728

41,674

17,650

64,452

NET BOOK VALUE

At 31 March 2026

989

90,396

4,592

99,577

At 31 March 2025

2,322

21,848

3,337

32,682

6.

STOCKS

2026

2025

£

Stocks

110

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade Debtors

6,728

38,043

Accrued income

50,575

-

Prepayments

2,254

12,283

59,557

50,326

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

5,591

11,021

Hire purchase contracts

16,104

7,200

Trade Creditors

31,376

30,808

Social security and other taxes

9,593

4,457

VAT

3,136

19,281

Other Creditors

6,471

6,472

WLDC Ltd

48

-

Accrued Expenses

5,780

5,487

78,099

84,726

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 1-2 years

-

5,286

Hire purchase contracts

64,129

18,000

64,129

23,286

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

11.	ULTIMATE CONTROLLING PARTY

The partnership is under the control of Paul Whitmarsh and Christopher Brooks.