REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2022 |
|
for |
|
WPIII LLP |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2022 |
|
for |
|
WPIII LLP |
WPIII LLP (Registered number: OC390766) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
|
|
|
|
Page |
|
General Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
WPIII LLP |
|
General Information |
for the Year Ended 31 March 2022 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Level 7, Tower 12, |
18-22 Bridge Street, |
Spinningfields, |
Manchester |
M3 3BZ |
WPIII LLP (Registered number: OC390766) |
|
Balance Sheet |
31 March 2022 |
|
31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks | 5 |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
|
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
2,436,197 |
989,924 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
2,436,197 |
989,924 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 2,436,197 | 989,924 |
|
|
|
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. |
WPIII LLP (Registered number: OC390766) |
|
Balance Sheet - continued |
31 March 2022 |
|
|
|
|
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
|
|
|
|
|
|
|
WPIII LLP (Registered number: OC390766) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
|
1. | STATUTORY INFORMATION |
|
WPIII 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Land & buildings | - |
|
Equipment & fittings | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Land & | Equipment | Motor |
buildings | & fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2021 |
|
|
|
|
Additions |
|
|
|
|
At 31 March 2022 |
|
|
|
|
DEPRECIATION |
At 1 April 2021 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 March 2022 |
|
|
|
|
NET BOOK VALUE |
At 31 March 2022 |
|
|
|
|
At 31 March 2021 |
|
|
|
|
|
5. | STOCKS |
31.3.22 | 31.3.21 |
£ | £ |
Finished goods |
|
|
WPIII LLP (Registered number: OC390766) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
VAT |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 21,192 | - |
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans - 2-5 years |
|
|
|
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
|
Members only take drawings where cash is available and other creditors are not adversely affected. |
|
10. | RELATED PARTY DISCLOSURES |
|
At 31 March 2022 the LLP was owed £4,692 ( 2021: £3,791) from WPI Homes Limited, being a company controlled by W Igoe |
|
At 31 March 2022 the LLP was owed £679 ( 2021: £679) from WPI Motorsport Limited, being a company controlled by I Igoe |
|
All balances are interest free and repayable on demand |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The LLP is controlled by the designated members. |