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REGISTERED NUMBER: OC417478 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BABY SWIMMING CARMARTHENSHIRE LLP

BABY SWIMMING CARMARTHENSHIRE LLP (REGISTERED NUMBER: OC417478)

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


BABY SWIMMING CARMARTHENSHIRE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Mrs K M Martin
O J Martin





REGISTERED OFFICE: Ty Ny Clos Maes Rhedyn
Gorslas
Llanelli
SA14 6SG





REGISTERED NUMBER: OC417478 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
South Wales
CF31 3SH

BABY SWIMMING CARMARTHENSHIRE LLP (REGISTERED NUMBER: OC417478)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,511 3,139
38,511 3,139

CURRENT ASSETS
Stocks 1,450 2,000
Debtors 6 63,706 49,003
Cash at bank 33,858 6,018
99,014 57,021
CREDITORS
Amounts falling due within one year 7 83,486 36,443
NET CURRENT ASSETS 15,528 20,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,039

23,717

CREDITORS
Amounts falling due after more than one year 8 38,734 13,807
NET ASSETS ATTRIBUTABLE TO
MEMBERS

15,305

9,910

BABY SWIMMING CARMARTHENSHIRE LLP (REGISTERED NUMBER: OC417478)

BALANCE SHEET - continued
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

15,305

9,910

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 15,305 9,910
Amounts due from members 6 (61,261 ) (45,283 )
(45,956 ) (35,373 )

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 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 November 2023 and were signed by:





Mrs K M Martin - Designated member

BABY SWIMMING CARMARTHENSHIRE LLP (REGISTERED NUMBER: OC417478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Baby Swimming Carmarthenshire 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Franchise fee.
Intangible Assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulate amortisation and any accumulated impairment losses.

Franchise Fee costs are being amortised evenly over their estimated useful life of 5 years.

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 - 33% on cost, 25% on reducing balance and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEE INFORMATION

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

BABY SWIMMING CARMARTHENSHIRE LLP (REGISTERED NUMBER: OC417478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 6,000
AMORTISATION
At 1 April 2022
and 31 March 2023 6,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 4,943
Additions 44,556
At 31 March 2023 49,499
DEPRECIATION
At 1 April 2022 1,804
Charge for year 9,184
At 31 March 2023 10,988
NET BOOK VALUE
At 31 March 2023 38,511
At 31 March 2022 3,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 63,706 49,003

BABY SWIMMING CARMARTHENSHIRE LLP (REGISTERED NUMBER: OC417478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts 5,726 -
Trade creditors - (1 )
Other creditors 77,760 36,444
83,486 36,443

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts 29,287 -
Other creditors 9,447 13,807
38,734 13,807

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/3/23 31/3/22
£    £   
Amounts owed to members in respect of profits 15,305 9,910

Falling due within one year 15,305 9,910

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