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
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
Masters Academy LLP
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
13,947
12,941
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)
Loans and other debts due to members
(25,523)
(31,529)
Loans and other debts due to members
(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
Masters Academy LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
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
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
At 31 March 2024
3,459
2,498
5,957
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
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
5
Creditors: amounts falling due after more than one year
2024
2023
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).