Registered number
OC440424
Jaszi Education LLP
Unaudited Filleted Accounts
31 March 2023
Jaszi Education LLP
Registered number: OC440424
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Intangible assets 3 9,480
Tangible assets 4 11,733
21,213
Current assets
Debtors 5 6,430
Cash at bank and in hand 4,640
11,070
Creditors: amounts falling due within one year 6 (41,229)
Net current liabilities (30,159)
Total assets less current liabilities (8,946)
Net liabilities attributable to members (8,946)
Represented by:
Loans and other debts due to members 7 (131,631)
Members' other interests
Members' capital classified as equity 26,999
Other reserves 95,686
122,685
(8,946)
Total members' interests
Loans and other debts due to members 7 (131,631)
Members' other interests 122,685
(8,946)
For the period ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 30 October 2023 and signed on their behalf by:
Ivan Bennett
Designated member
Jaszi Education LLP
Notes to the Accounts
for the period from 1 February 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2023
Number
Average number of persons employed by the LLP 6
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,782
Disposals (2,249)
At 31 March 2023 10,533
Amortisation
Provided during the period 1,053
At 31 March 2023 1,053
Net book value
At 31 March 2023 9,480
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 15,392
At 31 March 2023 15,392
Depreciation
Charge for the period 3,659
At 31 March 2023 3,659
Net book value
At 31 March 2023 11,733
5 Debtors 2023
£
Other debtors 6,430
6 Creditors: amounts falling due within one year 2023
£
Trade creditors 947
Other taxes and social security costs 94
Other creditors 40,188
41,229
7 Loans and other debts due to members 2023
£
Amounts due to members in respect of profits (131,631)
Amounts falling due within one year (131,631)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other financial commitments 2023
£
Total future minimum payments under non-cancellable operating leases 33,768
9 Other information
Jaszi Education LLP is a limited liability partnership incorporated in England. Its registered office is:
Cavendish house
St Andrews Court
Leeds
LS3 1JY
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