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REGISTERED NUMBER: OC445471 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

20 JANUARY 2023 TO 31 MARCH 2024

FOR

NAMIKO SWIMMING SCHOOL LLP

NAMIKO SWIMMING SCHOOL LLP (REGISTERED NUMBER: OC445471)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 JANUARY 2023 TO 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


NAMIKO SWIMMING SCHOOL LLP

GENERAL INFORMATION
FOR THE PERIOD 20 JANUARY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Ms E Barnes
L A Denney





REGISTERED OFFICE: 138 Harland Avenue
Sidcup
United Kingdom
Kent
DA15 7PA





REGISTERED NUMBER: OC445471 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

NAMIKO SWIMMING SCHOOL LLP (REGISTERED NUMBER: OC445471)

REPORT OF THE MEMBERS
FOR THE PERIOD 20 JANUARY 2023 TO 31 MARCH 2024

The members present their report with the financial statements of the LLP for the period 20 January 2023 to 31 March 2024.

INCORPORATION
The LLP was incorporated on 20 January 2023 and commenced trading on the same date.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of swimming tuition.

DESIGNATED MEMBERS
The designated members during the period under review were:

Ms E Barnes
L A Denney

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £119,962.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Ms E Barnes - Designated member


15 April 2024

NAMIKO SWIMMING SCHOOL LLP (REGISTERED NUMBER: OC445471)

INCOME STATEMENT
FOR THE PERIOD 20 JANUARY 2023 TO 31 MARCH 2024

Notes £   

TURNOVER 208,528

Cost of sales (47,102 )
GROSS PROFIT 161,426

Administrative expenses (41,464 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




119,962

NAMIKO SWIMMING SCHOOL LLP (REGISTERED NUMBER: OC445471)

BALANCE SHEET
31 MARCH 2024

Notes £   
FIXED ASSETS
Intangible assets 5 100,000

CURRENT ASSETS
Cash at bank 12,967

CREDITORS
Amounts falling due within one year 6 (105,656 )
NET CURRENT LIABILITIES (92,689 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,311

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

7,311

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 7,311

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 period ended 31 March 2024.

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 15 April 2024 and were signed by:





Ms E Barnes - Designated member

NAMIKO SWIMMING SCHOOL LLP (REGISTERED NUMBER: OC445471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Namiko Swimming School 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

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 period was NIL.

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Goodwill amortisation 25,000

NAMIKO SWIMMING SCHOOL LLP (REGISTERED NUMBER: OC445471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 JANUARY 2023 TO 31 MARCH 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 125,000
At 31 March 2024 125,000
AMORTISATION
Amortisation for period 25,000
At 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 100,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 105,656

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
£   
Amounts owed to members in respect of profits 7,311

Falling due within one year 7,311