Wentworth Trading LLP - LLP accounts 20.1

REGISTERED NUMBER: OC324373 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wentworth Trading LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

P Fernback

Barclay Estates Limited

REGISTERED OFFICE:

The Beechwood Centre

40 Lower Gravel Road

Bromley

Kent

BR2 8GP

REGISTERED NUMBER:

OC324373 (England and Wales)

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of trading and managing investments.

DESIGNATED MEMBERS

The designated members during the year under review were:

P Fernback

Barclay Estates Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £63,508 (2022 - £18,386 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

P Fernback - Designated member

19 April 2024

TURNOVER

-

Administrative expenses

9,638

2,840

OPERATING LOSS

(9,638

)

(2,840

)

Interest payable and similar expenses

53,870

15,546

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

(63,508

)

(18,386

)

FIXED ASSETS

Investments

4

812,500

CURRENT ASSETS

Debtors

5

926,629

1,826,975

Cash at bank

198,372

226

1,125,001

1,827,201

CREDITORS

Amounts falling due within one year

6

1,305,851

2,215,909

NET CURRENT LIABILITIES

(180,850

)

(388,708

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

631,650

423,792

CREDITORS

Amounts falling due after more than one
year

7

1,057,858

850,000

NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

(426,208

)

(426,208

)

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

(426,208

)

(426,208

)

(426,208

)

(426,208

)

TOTAL MEMBERS' INTERESTS

Members' other interests

(426,208

)

(426,208

)

Amounts due from members

5

(465,954

)

(402,446

)

(892,162

)

(828,654

)

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 2023.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 19 April 2024 and were signed by:

P Fernback - Designated member

1.	STATUTORY INFORMATION

Wentworth Trading 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

812,500

NET BOOK VALUE

At 31 March 2023

812,500

At 31 March 2022

812,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

Other debtors

926,629

1,826,975

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

Trade creditors

(1

)

-

Amounts owed to participating interests

961,403

1,943,906

Other creditors

344,449

272,003

1,305,851

2,215,909

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.23

31.3.22

£

Bank loans

1,056,358

850,000

Trade creditors

1,500

-

1,057,858

850,000

8.	RELATED PARTY DISCLOSURES

At the year end, Wentworth Trading LLP owed the following amounts to companies with a participating interest in the LLP:

Company

2023

2022

Barclay Estates Ltd

961,403

973,875

At the year end, Wentworth Trading LLP owed the following amounts to companies that Mr P Fernback has an interest in:

Company

2023

2022

Centaur Financing Ltd

28,543

4,898

Barclay Home Investments Ltd

121,050

122,050

Barclay Commercial Estates Ltd

3,140

Blue Marlin Ltd

1,000

20,600

Big Padlock Ltd

19,272

-

Big Padlock (UK) Ltd

14,000

-

At the year end, Wentworth Trading LLP was owed the following amounts from companies that Mr P Fernback has an interest in:

Company

2023

2022

Barclay Property Trading LLP

273,509

399,895

Champion Properties LLP

1,000

Barclay Commercial Investments Ltd

15,170

(10,500

)

Paul Fernback

38,405

(18,210

)