WP Wealth Management LLP - Accounts to registrar (filleted) - small 18.2
WP Wealth Management LLP - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 5 April 2019 |
for |
WP Wealth Management LLP |
WP Wealth Management LLP (Registered number: OC368298) |
Contents of the Financial Statements |
for the Year Ended 5 April 2019 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WP Wealth Management LLP |
General Information |
for the Year Ended 5 April 2019 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5a Frascati Way |
Maidenhead |
Berkshire |
SL6 4UY |
WP Wealth Management LLP (Registered number: OC368298) |
Balance Sheet |
5 April 2019 |
5.4.19 | 5.4.18 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 26,119 | 24,704 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
5 |
26,119 |
24,704 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 26,119 | 24,704 |
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. |
WP Wealth Management LLP (Registered number: OC368298) |
Balance Sheet - continued |
5 April 2019 |
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 on |
WP Wealth Management LLP (Registered number: OC368298) |
Notes to the Financial Statements |
for the Year Ended 5 April 2019 |
1. | STATUTORY INFORMATION |
WP Wealth Management LLP is registered in England and Wales. The LLP's registered number and |
registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies the directors are required to make judgements, |
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily |
apparent from other sources. The estimates and associated assumptions are based on historical |
experience and other factors that are considered to be relevant. Actual results may differ from these |
estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
estimates are recognised in the period in which the estimate is revised if the revision affects only that |
period, or in the period of the revision and future periods if the revision affects both current and future |
periods. |
The company does not make significant estimates and assumptions concerning the future which affect |
the reported position shown in the accounts. |
Turnover |
Turnover relates to income earned in respect of financial services and comprises initial fees and |
commission receivable at the outset of a policy, renewal commission receivable on regular |
contributions, trail commission based on funds under management and ongoing adviser charges. |
Income is recognised when the company has the right to consideration. |
Financial instruments |
Basic financial instruments are recognised at amortised cost using the effective interest method, except |
for investments in non-convertible preference and non-puttable preference and ordinary shares, which |
are measured at fair value where the fair value can be established reliably, with changes recognised in |
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, |
with changes recognised in profit and loss. |
WP Wealth Management LLP (Registered number: OC368298) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2019 |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.19 | 5.4.18 |
£ | £ |
Other debtors |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.19 | 5.4.18 |
£ | £ |
Other creditors |
5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and Other Debts Due to Members are unsecured and rank equally with other unsecured creditors |
of the LLP. |
6. | ULTIMATE CONTROLLING PARTY |
There is no single ultimate controlling party. |