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Registered Number: OC441899
England and Wales

 

 

 

PRE-SCHOOL BALLET ACADEMY LLP


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of Pre-School Ballet Academy LLP for the year ended 31 March 2024


As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................

Blue Peak Consulting Limited
100 Berkshire Place
GF33
Winnersh
RG41 5RD
16 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 4 17,997    6,526 
Cash at bank and in hand 514    6,963 
18,511    13,489 
Creditors: amount falling due within one year 5 (189)   (19,400)
Net current assets 18,322    (5,911)
 
Total assets less current liabilities 18,322    (5,911)
Accruals and deferred income (15,141)  
Net assets 3,181    (5,911)
 

Represented by:
Loans and other debts due to members 6 2,735   
Amounts due from members   (6,357)
Members' other interest
Members' capital 446    446 
Other reserves  
446    446 

3,181    (5,911)
 

Total members' interests
Amounts due from members 6   (6,357)
Loans and other debts due to members 2,735   
Members' other interests 446    446 
3,181    (5,911)
 


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 financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006
These accounts were approved by the members and signed on their behalf by:


.............................................................................
Mrs Kate Alison Markham
Designated Member
Date approved by the members: 16 October 2024
2
General Information
Pre-School Ballet Academy LLP is a limited liability partnership, registered in England and Wales, registration number OC441899, registration address Cobalt Business Exchange Cobalt Park Way, Wallsend, Newcastle Upon Tyne, NE28 9NZ.

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)
Going concern basis
The Proprietors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 April 2023  
Additions 2,476    2,476 
Disposals  
At 31 March 2024 2,476    2,476 
Amortisation
At 01 April 2023  
Charge for year 2,476    2,476 
On disposals  
At 31 March 2024 2,476    2,476 
Net book values
At 31 March 2024  
At 31 March 2023  


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 17,997    6,026 
Other Debtors   500 
17,997    6,526 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
PAYE & Social Security 163   
Other Creditors 26    19,400 
189    19,400 

6.

Members' Interests

Members' capital   Other reserves   Total   Loans and other debts due to members less any amounts due from members included in debtors   Total
Profit for the period available for discretionary division among members   12,266    12,266      12,266 
Members' interests after profit for the period   12,266    12,266      12,266 
Other divisions of profits   (12,266)   (12,266)   12,266   
Introduced by members 446      446      446 
Drawings       (9,531)   (9,531)
Balance at 31 March 2024 446      446    2,735    3,181 
 



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