LWM LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC386137

LWM LLP

Filleted Unaudited Financial Statements

31 March 2026

LWM LLP

Balance Sheet

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4		122,343	31,367

Current assets

Debtors	5	41,070	42,027
Cash at bank and in hand		25,808	49,194
		--------	--------
		66,878	91,221

Creditors: amounts falling due within one year	6	22,403		8,851
		--------		--------
Net current assets			44,475	82,370
			---------	---------
Total assets less current liabilities			166,818	113,737

Creditors: amounts falling due after more than one year	7	100,839	27,617
		---------	---------
Net assets		65,979	86,120
		---------	---------

Represented by:

Loans and other debts due to members

Other amounts	8		50,979	71,120

Members' other interests

Members' capital classified as equity	15,000	15,000
Other reserves	–	–
	--------	--------
	65,979	86,120
	--------	--------

Total members' interests

Loans and other debts due to members	8	50,979	71,120
Members' other interests		15,000	15,000
		--------	--------
		65,979	86,120
		--------	--------

These 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 statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 31 March 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 financial statements .

LWM LLP

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the members and authorised for issue on 2 September 2026 , and are signed on their behalf by:

Mr A J Leedham

Designated Member

Registered number: OC386137

LWM LLP

Notes to the Financial Statements

Year ended 31 March 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 21 Hooley Range, Stockport, Cheshire, SK4 4UH.

2.	Statement of compliance

These 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).

3.	Accounting policies

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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 Section 22 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'. 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.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income (including 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.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income (including profit and loss account) and are equity appropriations in the balance sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

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 statement of comprehensive income (including 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'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets 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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4.	Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	917	61,002	9,823	71,742
Additions	–	144,038	–	144,038
Disposals	–	( 61,503)	–	( 61,503)
	----	---------	-------	---------
At 31 March 2026	917	143,537	9,823	154,277
	----	---------	-------	---------
Depreciation
At 1 April 2025	917	30,322	9,136	40,375
Charge for the year	–	21,709	172	21,881
Disposals	–	( 30,322)	–	( 30,322)
	----	---------	-------	---------
At 31 March 2026	917	21,709	9,308	31,934
	----	---------	-------	---------
Carrying amount
At 31 March 2026	–	121,828	515	122,343
	----	---------	-------	---------
At 31 March 2025	–	30,680	687	31,367
	----	---------	-------	---------

5.	Debtors

	2026	2025
	£	£
Trade debtors	36,000	36,000
Other debtors	5,070	6,027
	--------	--------
	41,070	42,027
	--------	--------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other creditors	22,403	8,851
	--------	-------

7. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	100,839	27,617
	---------	--------

8.	Loans and other debts due to members

	2026	2025
	£	£
Amounts owed to members in respect of profits	50,979	71,120
	--------	--------

Amounts due to members rank as unsecured creditors