REGISTERED NUMBER:
OC325305
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Whittaker (Chesterfield) LLP |
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Filleted Unaudited Abridged Financial Statements |
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Whittaker (Chesterfield) LLP |
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Abridged Statement of Financial Position |
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31 January 2026
Fixed Assets
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Investments |
4 |
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2,130,000 |
1,795,000 |
|
|
|
|
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Current Assets
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Debtors |
201,171 |
|
1,128 |
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Cash at bank and in hand |
386,483 |
|
514,209 |
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--------- |
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--------- |
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587,654 |
|
515,337 |
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|
|
|
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Creditors: amounts falling due within one year |
58,033 |
|
5,895 |
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--------- |
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--------- |
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Net Current Assets |
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529,621 |
509,442 |
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------------ |
------------ |
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Total Assets Less Current Liabilities |
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2,659,621 |
2,304,442 |
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------------ |
------------ |
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Net Assets |
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2,659,621 |
2,304,442 |
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------------ |
------------ |
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Represented by:
Loans and Other Debts due to Members
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Members' capital classified as a liability |
5 |
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1,286,120 |
1,120,504 |
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Other amounts |
5 |
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1,373,501 |
1,183,938 |
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------------ |
------------ |
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2,659,621 |
2,304,442 |
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------------ |
------------ |
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|
|
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Members' Other Interests
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Other reserves |
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– |
– |
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------------ |
------------ |
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2,659,621 |
2,304,442 |
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------------ |
------------ |
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Total Members' Interests
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Loans and other debts due to members |
5 |
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2,659,621 |
2,304,442 |
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Members' other interests |
|
– |
– |
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------------ |
------------ |
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2,659,621 |
2,304,442 |
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------------ |
------------ |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the abridged statement of comprehensive income has not been delivered.
For the year ending 31 January 2026 the LLP 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of abridged financial statements
.
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Whittaker (Chesterfield) LLP |
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Abridged Statement of Financial Position (continued) |
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31 January 2026
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.
These abridged financial statements were approved by the
members
and authorised for issue on
26 May 2026
, and are signed on their behalf by:
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Mr R D Whittaker |
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Designated Member |
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Registered number:
OC325305
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Whittaker (Chesterfield) LLP |
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Notes to the Abridged Financial Statements |
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Year Ended 31 January 2026
The LLP is registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire S40 1LA, England. The LLP's place of business is Unit 7, Ace Business Park, Burley Close, Chesterfield, S40 2WL.
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2. |
Statement of compliance |
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These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents rents receivable during the year.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Any fixed asset investment carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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Investment property |
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£ |
|
Cost |
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At 1 February 2025 |
1,795,000 |
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Additions |
250,000 |
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Revaluations |
85,000 |
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------------ |
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At 31 January 2026 |
2,130,000 |
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------------ |
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Impairment |
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At 1 February 2025 and 31 January 2026 |
– |
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------------ |
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Carrying amount |
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At 31 January 2026 |
2,130,000 |
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------------ |
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At 31 January 2025 |
1,795,000 |
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------------ |
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The members consider the value of the investment properties, included in the financial statements at £2,130,000, to be an open market value as at 31 January 2026.
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5. |
Loans and other debts due to members |
|
|
|
2026 |
2025 |
|
£ |
£ |
|
Amounts owed to members in respect of profits |
1,373,501 |
1,183,938 |
|
Other amounts |
1,286,120 |
1,120,504 |
|
------------ |
------------ |
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2,659,621 |
2,304,442 |
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------------ |
------------ |
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