1 April 2023 false No description of principal activity Taxfiler 2024.5 OC390336business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC3903362023-03-31 OC3903362023-04-012024-03-31 OC390336business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC390336business:FullAccounts2023-04-012024-03-31 OC3903362024-03-31 OC390336business:PartnerLLP12023-04-012024-03-31 OC390336business:PartnerLLP22023-04-012024-03-31 OC390336business:RegisteredOffice2023-04-012024-03-31 OC3903362023-03-31 OC390336core:WithinOneYear2024-03-31 OC390336core:WithinOneYear2023-03-31 OC390336core:AfterOneYear2024-03-31 OC390336core:AfterOneYear2023-03-31 OC390336business:SmallEntities2023-04-012024-03-31 OC390336core:PlantMachinery2023-04-012024-03-31 OC390336core:ComputerEquipment2023-04-012024-03-31 OC390336countries:EnglandWales2023-04-012024-03-31 OC390336core:PlantMachinery2023-03-31 OC390336core:ComputerEquipment2023-03-31 OC390336core:PlantMachinery2024-03-31 OC390336core:ComputerEquipment2024-03-31 OC3903362022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC390336 (England and Wales)
Masters Academy LLP Unaudited accounts for the year ended 31 March 2024
Masters Academy LLP LLP Information for the year ended 31 March 2024
Designated members
Mr James Evans-Nicolle
Zilha Evans-Nicolle
Registered Number
OC390336 (England and Wales)
Registered Office
23 Lower Swaines Road Epping Essex CM16 5ER
Accountants
Baskin Walsh Ltd Suite 215, Loughton Seedbed Centre Langston Road Loughton Essex IG10 3TQ
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Masters Academy LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(42)
1,011 
Current assets
Inventories
500 
500 
Debtors
3,678 
3,464 
Cash at bank and in hand
13,947 
12,941 
18,125 
16,905 
Creditors: amounts falling due within one year
(8,884)
(9,167)
Net current assets
9,241 
7,738 
Total assets less current liabilities
9,199 
8,749 
Creditors: amounts falling due after more than one year
(34,722)
(40,278)
Net liabilities attributable to members
(25,523)
(31,529)
Represented by:
Loans and other debts due to members
(25,523)
(31,529)
(25,523)
(31,529)
Total members' interests
Loans and other debts due to members
(25,523)
(31,529)
(25,523)
(31,529)
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 25 July 2024.
Mr James Evans-Nicolle Designated member Limited Liability Partnership Registration No. OC390336
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Masters Academy LLP Notes to the Accounts for the year ended 31 March 2024
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Straight Line
2
Statutory information
Masters Academy LLP is a limited liability partnership, incorporated in England and Wales, registration number OC390336. Its registered office is 23 Lower Swaines Road, Epping, Essex, CM16 5ER.
3
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
3,309 
2,498 
5,807 
Additions
150 
- 
150 
At 31 March 2024
3,459 
2,498 
5,957 
Depreciation
At 1 April 2023
2,741 
2,055 
4,796 
Charge for the year
981 
222 
1,203 
At 31 March 2024
3,722 
2,277 
5,999 
Net book value
At 31 March 2024
(263)
221 
(42)
At 31 March 2023
568 
443 
1,011 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security costs
7,934 
8,267 
Accruals
950 
900 
8,884 
9,167 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,722 
40,278 
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Masters Academy LLP Notes to the Accounts for the year ended 31 March 2024
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Loans from members
(25,523)
(31,529)
Amounts falling due within one year
(25,523)
(31,529)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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