Independent Financial Advice Bureau (Watford) LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC393232

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		86		143

			86		143
CURRENT ASSETS
Debtors	5	1,647		-
Cash at bank and in hand		24,006		25,068

		25,653		25,068
Creditors: Amounts Falling Due Within One Year	6	(693 )		(841 )

NET CURRENT ASSETS (LIABILITIES)			24,960		24,227

TOTAL ASSETS LESS CURRENT LIABILITIES			25,046		24,370

NET ASSETS ATTRIBUTABLE TO MEMBERS			25,046		24,370

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		25,046		24,370

			25,046		24,370

			25,046		24,370

TOTAL MEMBERS' INTEREST
Amounts due from members			(1,647)		-
Loans and other debts due to members within one year			25,046		24,370

			23,399		24,370

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Independent Financial Advice Bureau (Watford) LLP

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Nicholas Wood

Designated Member

20/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Independent Financial Advice Bureau (Watford) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC393232 . The Registered Office is Unit 17 Orbital 25 Business Park, Dwight Road, Watford, WD18 9DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

40%

2.4. Pensions

The LLP operates a defined pension contribution scheme. The pension charge represents the amounts payable by the LLP to the fund in respect of the year.

2.5. Information in relation to members

The average number of members during the year was 2 ( 2024 : 2 )

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 1 (2025: 1)

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Independent Financial Advice Bureau (Watford) LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 June 2025	3,252

As at 31 May 2026	3,252

Depreciation
As at 1 June 2025	3,109
Provided during the period	57

As at 31 May 2026	3,166

Net Book Value
As at 31 May 2026	86

As at 1 June 2025	143

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	1,647	-

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Taxation and social security	693	841

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