Wilcox Family LLP - Accounts to registrar (filleted) - small 18.2

Wilcox Family LLP - Accounts to registrar (filleted) - small 18.2

WILCOX FAMILY LLP - Company Information

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REGISTERED NUMBER: OC376351 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

WILCOX FAMILY LLP
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILCOX FAMILY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DESIGNATED MEMBERS: M A Wilcox DM FRCOG
Mrs S Wilcox





REGISTERED OFFICE: 10 Lonsdale Gardens
TUNBRIDGE WELLS
Kent
TN1 1NU





REGISTERED NUMBER: OC376351 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 482,500 482,500

CURRENT ASSETS
Cash at bank 5,975 3,120

CREDITORS
Amounts falling due within one year 5 10,145 10,145
NET CURRENT LIABILITIES (4,170 ) (7,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
478,330
475,475

CREDITORS
Amounts falling due after more than one
year
6
168,943
176,241
NET ASSETS ATTRIBUTABLE TO
MEMBERS
309,387
299,234

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
83,051
72,898

MEMBERS' OTHER INTERESTS
Capital accounts 226,336 226,336
309,387 299,234

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 83,051 72,898
Members' other interests 226,336 226,336
309,387 299,234

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2020.

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.

The notes form part of these financial statements

Page 2 continued...
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 22 January 2021 and
were signed by:





M A Wilcox DM FRCOG - Designated member

The notes form part of these financial statements

Page 3
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Wilcox Family 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019
and 31 March 2020 482,500
NET BOOK VALUE
At 31 March 2020 482,500
At 31 March 2019 482,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 9,200 9,200
Other creditors 945 945
10,145 10,145

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 168,943 176,241

7. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 178,143 185,441

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank
pari passu with unsecured creditors.

Page 4