REGISTERED NUMBER: |
JAMES WEIR FINANCIAL SERVICES LLP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2023 |
REGISTERED NUMBER: |
JAMES WEIR FINANCIAL SERVICES LLP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2023 |
JAMES WEIR FINANCIAL SERVICES LLP (REGISTERED NUMBER: OC360193) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 5 April 2023 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 5 |
JAMES WEIR FINANCIAL SERVICES LLP |
GENERAL INFORMATION |
For The Year Ended 5 April 2023 |
DESIGNATED MEMBERS: |
The Mortgage Store (Surrey) Limited |
Ms T J Mannix |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Hilden Park House |
79 Tonbridge Road |
Hildenborough |
Tonbridge |
Kent |
TN11 9BH |
JAMES WEIR FINANCIAL SERVICES LLP (REGISTERED NUMBER: OC360193) |
ABRIDGED BALANCE SHEET |
5 April 2023 |
5/4/23 | 5/4/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
770,109 |
695,398 |
JAMES WEIR FINANCIAL SERVICES LLP (REGISTERED NUMBER: OC360193) |
ABRIDGED BALANCE SHEET - continued |
5 April 2023 |
5/4/23 | 5/4/22 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
253,834 |
179,123 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 516,275 | 516,275 |
770,109 | 695,398 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 253,834 | 179,123 |
Members' other interests | 516,275 | 516,275 |
Amounts due from members | (139,536 | ) | (139,536 | ) |
630,573 | 555,862 |
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. |
JAMES WEIR FINANCIAL SERVICES LLP (REGISTERED NUMBER: OC360193) |
ABRIDGED BALANCE SHEET - continued |
5 April 2023 |
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 |
JAMES WEIR FINANCIAL SERVICES LLP (REGISTERED NUMBER: OC360193) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 5 April 2023 |
1. | STATUTORY INFORMATION |
James Weir Financial Services 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 |
Turnover |
Turnover represents commission income and is measured at the fair value of the consideration received or receivable, net of discounts, from the provision of financial advisory services. Turnover is recognised according to the stage of completion of the contract to which it relates. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided. |
Goodwill |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 |
JAMES WEIR FINANCIAL SERVICES LLP (REGISTERED NUMBER: OC360193) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 5 April 2023 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 6 April 2022 |
and 5 April 2023 |
AMORTISATION |
At 6 April 2022 |
Amortisation for year |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 6 April 2022 |
Additions |
Disposals | ( |
) |
At 5 April 2023 |
DEPRECIATION |
At 6 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests. |