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REGISTERED NUMBER: OC353014 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEPPING STONES 4 SCHOOLS LLP

STEPPING STONES 4 SCHOOLS LLP (REGISTERED NUMBER: OC353014)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEPPING STONES 4 SCHOOLS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mrs B M Lee
Mrs C A MacOmish





REGISTERED OFFICE: 11 Holly Grove
Lisvane
Cardiff
CF15 0UJ





REGISTERED NUMBER: OC353014 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

STEPPING STONES 4 SCHOOLS LLP (REGISTERED NUMBER: OC353014)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,090 65,112

CURRENT ASSETS
Debtors 5 18,659 18,668
Cash at bank and in hand 54,421 59,143
73,080 77,811
CREDITORS
Amounts falling due within one year 6 69,097 67,489
NET CURRENT ASSETS 3,983 10,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,073

75,434

CREDITORS
Amounts falling due after more than one
year

7

38,104

64,149
NET ASSETS ATTRIBUTABLE TO
MEMBERS

17,969

11,285

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

17,967

11,283

MEMBERS' OTHER INTERESTS
Capital accounts 2 2
17,969 11,285

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 17,967 11,283
Members' other interests 2 2
17,969 11,285

STEPPING STONES 4 SCHOOLS LLP (REGISTERED NUMBER: OC353014)

BALANCE SHEET - continued
31 MARCH 2024


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 year 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 September 2024 and were signed by:




Mrs C A MacOmish - Designated member




Mrs B M Lee - Designated member


STEPPING STONES 4 SCHOOLS LLP (REGISTERED NUMBER: OC353014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Stepping Stones 4 Schools LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration in advance of services provided,the amounts are recorded as deferred income and included as part of the creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Government grants
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 45 (2023 - 46 ) .

STEPPING STONES 4 SCHOOLS LLP (REGISTERED NUMBER: OC353014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 104,643
DEPRECIATION
At 1 April 2023 39,531
Charge for year 13,022
At 31 March 2024 52,553
NET BOOK VALUE
At 31 March 2024 52,090
At 31 March 2023 65,112

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 63,278
DEPRECIATION
At 1 April 2023 16,874
Charge for year 9,280
At 31 March 2024 26,154
NET BOOK VALUE
At 31 March 2024 37,124
At 31 March 2023 46,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,544 12,479
Other debtors 6,115 6,189
18,659 18,668

STEPPING STONES 4 SCHOOLS LLP (REGISTERED NUMBER: OC353014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,540 14,219
Hire purchase contracts 11,508 9,292
Trade creditors 6,110 6,876
Taxation and social security 8,014 6,461
Other creditors 31,925 30,641
69,097 67,489

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 26,856 40,878
Other creditors 11,248 23,271
38,104 64,149

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind and are only to be paid after full payment has been made in respect of all amounts due to unsecured creditors in the event of administration or winding up.