11 false false false false false false false false false false false false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,014 2,092 603 2,695 319 922 xbrli:pure xbrli:shares iso4217:GBP OC424800 2023-04-01 2024-03-31 OC424800 2024-03-31 OC424800 2023-03-31 OC424800 2022-04-01 2023-03-31 OC424800 2023-03-31 OC424800 2022-03-31 OC424800 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 OC424800 core:PlantMachinery 2023-04-01 2024-03-31 OC424800 core:MotorVehicles 2023-04-01 2024-03-31 OC424800 bus:Director1 2023-04-01 2024-03-31 OC424800 bus:Director3 2023-04-01 2024-03-31 OC424800 bus:Director4 2023-04-01 2024-03-31 OC424800 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 OC424800 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 OC424800 core:PlantMachinery 2023-03-31 OC424800 core:MotorVehicles 2023-03-31 OC424800 core:PlantMachinery 2024-03-31 OC424800 core:MotorVehicles 2024-03-31 OC424800 core:AfterOneYear 2024-03-31 OC424800 core:AfterOneYear 2023-03-31 OC424800 core:WithinOneYear 2024-03-31 OC424800 core:WithinOneYear 2023-03-31 OC424800 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 OC424800 core:PlantMachinery 2023-03-31 OC424800 core:MotorVehicles 2023-03-31 OC424800 bus:SmallEntities 2023-04-01 2024-03-31 OC424800 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC424800 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC424800 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC424800 bus:FullAccounts 2023-04-01 2024-03-31 OC424800 core:OfficeEquipment 2023-04-01 2024-03-31 OC424800 core:OfficeEquipment 2023-03-31 OC424800 core:OfficeEquipment 2024-03-31
REGISTERED NUMBER: OC424800
Native Ecology LLP
Filleted Unaudited Financial Statements
31 March 2024
Native Ecology LLP
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Native Ecology LLP
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
319
922
Tangible assets
6
48,562
39,191
--------
--------
48,881
40,113
Current assets
Debtors
7
56,928
33,631
Cash at bank and in hand
132,398
127,688
---------
---------
189,326
161,319
Creditors: amounts falling due within one year
8
51,925
35,663
---------
---------
Net current assets
137,401
125,656
---------
---------
Total assets less current liabilities
186,282
165,769
Creditors: amounts falling due after more than one year
9
17,887
25,883
---------
---------
Net assets
168,395
139,886
---------
---------
Represented by:
Loans and other debts due to members
Other amounts
10
168,395
139,886
---------
---------
Members' other interests
Other reserves
---------
---------
168,395
139,886
---------
---------
Total members' interests
Loans and other debts due to members
10
168,395
139,886
Members' other interests
---------
---------
168,395
139,886
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
Native Ecology LLP
Statement of Financial Position (continued)
31 March 2024
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 18 July 2024 , and are signed on their behalf by:
Mr A Bedwell
Ms A Wright
Designated Member
Designated Member
Ms T S Hall
Designated Member
Registered number: OC424800
Native Ecology LLP
Notes to the Financial Statements
Year ended 31 March 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Website development
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website development
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 11 (2023: 8 ).
5.
Intangible assets
Website development
£
Cost
At 1 April 2023 and 31 March 2024
3,014
-------
Amortisation
At 1 April 2023
2,092
Charge for the year
603
-------
At 31 March 2024
2,695
-------
Carrying amount
At 31 March 2024
319
-------
At 31 March 2023
922
-------
6.
Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
3,336
27,436
55,805
86,577
Additions
34,725
34,725
-------
--------
--------
---------
At 31 March 2024
3,336
27,436
90,530
121,302
-------
--------
--------
---------
Depreciation
At 1 April 2023
2,668
20,501
24,217
47,386
Charge for the year
668
6,859
17,827
25,354
-------
--------
--------
---------
At 31 March 2024
3,336
27,360
42,044
72,740
-------
--------
--------
---------
Carrying amount
At 31 March 2024
76
48,486
48,562
-------
--------
--------
---------
At 31 March 2023
668
6,935
31,588
39,191
-------
--------
--------
---------
7.
Debtors
2024
2023
£
£
Trade debtors
56,928
30,097
Other debtors
3,534
--------
--------
56,928
33,631
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,849
1,043
Social security and other taxes
22,929
13,765
Wages payable
12,161
5,499
Other creditors
14,986
15,356
--------
--------
51,925
35,663
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
17,887
25,883
--------
--------
10.
Loans and other debts due to members
2024
2023
£
£
Amounts owed to members in respect of profits
168,395
139,886
---------
---------