General Information
POWERHOUSE PERFORMANCE CLUB LLP is a limited liability partnership, registered in England and Wales, registration number OC417989, registration address Rectory Pavilion, Kingsey Road, THAME, OX9 3JL.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment |
20% Straight Line
|
Fixtures and Fittings |
10% Straight Line
|
Plant and Machinery |
20% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2. |
Average number of employees
Average number of employees during the year was 0 (2023 : 0).
|
3. |
Financial Commitments, Guarantees and Contingencies
Operating lease commitments |
|
2024 £ |
|
2023 £ |
Due within one year |
|
27,000 |
|
27,000 |
Due between two and five years |
|
69,750 |
|
96,750 |
|
4. |
Tangible fixed assets
Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
|
£ |
|
£ |
|
£ |
|
£ |
At 01 April 2023 |
50,188 |
|
43,531 |
|
3,307 |
|
97,026 |
Additions |
- |
|
1 |
|
(1) |
|
- |
Disposals |
- |
|
- |
|
- |
|
- |
At 31 March 2024 |
50,188 |
|
43,532 |
|
3,306 |
|
97,026 |
Depreciation |
At 01 April 2023 |
10,843 |
|
6,570 |
|
1,065 |
|
18,478 |
Charge for year |
- |
|
- |
|
- |
|
- |
On disposals |
- |
|
- |
|
- |
|
- |
At 31 March 2024 |
10,843 |
|
6,570 |
|
1,065 |
|
18,478 |
Net book values |
Closing balance as at 31 March 2024 |
39,345 |
|
36,962 |
|
2,241 |
|
78,548 |
Opening balance as at 01 April 2023 |
13,930 |
|
41,315 |
|
- |
|
55,245 |
|
5. |
Stocks
|
2024 £ |
|
2023 £ |
Stocks |
682 |
|
2,755 |
|
682 |
|
2,755 |
|
6. |
Debtors: amounts falling due within one year
|
2024 £ |
|
2023 £ |
Trade Debtors |
4,914 |
|
1,125 |
Prepayments & Accrued Income |
939 |
|
0 |
|
5,853 |
|
1,125 |
|
6. |
Debtors: amounts falling due after one year
|
2024 £ |
|
2023 £ |
Other Debtors |
4,333 |
|
0 |
|
4,333 |
|
0 |
|
7. |
Creditors: amount falling due within one year
|
2024 £ |
|
2023 £ |
Trade Creditors |
2,249 |
|
2,700 |
Bank Loans & Overdrafts |
20,356 |
|
8,173 |
Accrued Expenses |
844 |
|
245 |
Other Creditors |
0 |
|
(1) |
VAT |
16,683 |
|
5,386 |
|
40,132 |
|
16,503 |
|
8. |
Creditors: amount falling due after more than one year
|
2024 £ |
|
2023 £ |
Bank Loans & Overdrafts |
25,433 |
|
22,222 |
|
25,433 |
|
22,222 |
|
9. |
Members' Interests
|
Members' capital |
|
Other reserves |
|
Total |
|
Loans and other debts due to members less any amounts due from members included in debtors |
|
Total |
|
Balance at 01 April 2023 |
300 |
|
0 |
|
300 |
|
29,242 |
|
29,542 |
Profit for the period available for discretionary division among members |
0 |
|
121,665 |
|
121,665 |
|
0 |
|
121,665 |
Members' interests after profit for the period |
300 |
|
121,665 |
|
121,965 |
|
29,242 |
|
151,207 |
Other divisions of profits |
0 |
|
(121,665) |
|
(121,665) |
|
121,665 |
|
0 |
Introduced by members |
0 |
|
0 |
|
0 |
|
2,148 |
|
2,148 |
Drawings |
0 |
|
0 |
|
0 |
|
(111,998) |
|
(111,998) |
Balance at 31 March 2024 |
300 |
|
0 |
|
300 |
|
41,057 |
|
41,357 |
|
|
2
|