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

REGISTERED NUMBER: OC376351 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

WILCOX FAMILY LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Investment property

4

482,500

482,500

CURRENT ASSETS

Cash at bank

-

5,975

CREDITORS

Amounts falling due within one year

5

11,345

10,145

NET CURRENT LIABILITIES

(11,345

)

(4,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

471,155

478,330

CREDITORS

Amounts falling due after more than one year

6

157,688

168,943

NET ASSETS ATTRIBUTABLE TO MEMBERS

313,467

309,387

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

87,131

83,051

MEMBERS' OTHER INTERESTS

Capital accounts

226,336

226,336

313,467

309,387

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

87,131

83,051

Members' other interests

226,336

226,336

313,467

309,387

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 2021.

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 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 20 December 2021 and were signed by:

M A Wilcox DM FRCOG - Designated member

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 (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

482,500

NET BOOK VALUE

At 31 March 2021

482,500

At 31 March 2020

482,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,400

9,200

Other creditors

945

945

11,345

10,145

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

157,688

168,943

7.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

168,088

178,143

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.