REGISTERED NUMBER: OC446429 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

WAVES PARTNERSHIP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs S E Waves

Waves Family Holdings Ltd

REGISTERED OFFICE:

3rd Floor, Ivy Mill,

Crown Street,

Failsworth

Manchester

M35 9BG

REGISTERED NUMBER:

OC446429 (England and Wales)

FIXED ASSETS

Investment property

4

3,940,000

5,065,000

CREDITORS

Amounts falling due within one year

5

16,989

113

NET CURRENT ASSETS

16,989

113

TOTAL ASSETS LESS CURRENT LIABILITIES

3,956,989

5,065,113

CREDITORS

Amounts falling due after more than one year

6

(538,729

)

(1,490,008

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,418,260

3,575,105

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

3,418,260

3,575,105

3,418,260

3,575,105

TOTAL MEMBERS' INTERESTS

Members' other interests

3,418,260

3,575,105

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 21 July 2026 and were signed by:

Mrs S E Waves - Designated member

1.	STATUTORY INFORMATION

Waves Partnership 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

5,065,000

Disposals

(1,125,000

)

At 31 March 2026

3,940,000

NET BOOK VALUE

At 31 March 2026

3,940,000

At 31 March 2025

5,065,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

2,489,572

Valuation in 2025

(430,000

)

Cost

1,880,428

3,940,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

(18,753

)

(2,325

)

Other creditors

1,764

2,212

(16,989

)

(113

)

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

538,729

1,490,008

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Mortgages

538,729

1,490,008