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REGISTERED NUMBER: OC422623 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

SWIM BUDDIES LLP

SWIM BUDDIES LLP (REGISTERED NUMBER: OC422623)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIM BUDDIES LLP

GENERAL INFORMATION
for the year ended 31 March 2023







DESIGNATED MEMBERS: E L H Cook
C A Cook





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: OC422623 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

SWIM BUDDIES LLP (REGISTERED NUMBER: OC422623)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,317 6,349

CURRENT ASSETS
Debtors 5 7,713 -
Cash at bank 30,656 28,309
38,369 28,309
CREDITORS
Amounts falling due within one year 6 5,458 7,092
NET CURRENT ASSETS 32,911 21,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,228

27,566

CREDITORS
Amounts falling due after more than one
year

7

4,258

7,961
NET ASSETS ATTRIBUTABLE TO
MEMBERS

32,970

19,605

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

32,970

19,605

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 32,970 19,605

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.

SWIM BUDDIES LLP (REGISTERED NUMBER: OC422623)

BALANCE SHEET - continued
31 March 2023


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 23 May 2023 and were signed by:





E L H Cook - Designated member

SWIM BUDDIES LLP (REGISTERED NUMBER: OC422623)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Swim Buddies 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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 3 ) .

SWIM BUDDIES LLP (REGISTERED NUMBER: OC422623)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 17,337
Additions 870
At 31 March 2023 18,207
DEPRECIATION
At 1 April 2022 10,988
Charge for year 2,902
At 31 March 2023 13,890
NET BOOK VALUE
At 31 March 2023 4,317
At 31 March 2022 6,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,713 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,523 5,213
Taxation and social security 912 758
Other creditors 1,023 1,121
5,458 7,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,258 7,961

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,647 4,915

SWIM BUDDIES LLP (REGISTERED NUMBER: OC422623)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 32,970 19,605

Falling due within one year 32,970 19,605

Amounts due to members rank equally alongside the other unsecured creditors.