Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC424353 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC424353 2023-03-31 OC424353 2024-03-31 OC424353 2023-04-01 2024-03-31 OC424353 frs-core:CurrentFinancialInstruments 2024-03-31 OC424353 frs-core:Non-currentFinancialInstruments 2024-03-31 OC424353 frs-core:ComputerEquipment 2024-03-31 OC424353 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC424353 frs-core:ComputerEquipment 2023-03-31 OC424353 frs-core:FurnitureFittings 2024-03-31 OC424353 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC424353 frs-core:FurnitureFittings 2023-03-31 OC424353 frs-core:MotorVehicles 2024-03-31 OC424353 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC424353 frs-core:MotorVehicles 2023-03-31 OC424353 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC424353 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC424353 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC424353 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC424353 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC424353 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC424353 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC424353 frs-core:CurrentFinancialInstruments 4 2024-03-31 OC424353 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC424353 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC424353 2022-03-31 OC424353 2023-03-31 OC424353 2022-04-01 2023-03-31 OC424353 frs-core:CurrentFinancialInstruments 2023-03-31 OC424353 frs-core:Non-currentFinancialInstruments 2023-03-31 OC424353 frs-core:CurrentFinancialInstruments 1 2023-03-31 OC424353 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: OC424353
Swim City LLP
Financial Statements
For The Year Ended 31 March 2024
KP Simpson South Shields Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC424353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,568 13,023
15,568 13,023
CURRENT ASSETS
Debtors 5 59,552 10,000
Cash at bank and in hand 9,746 60,845
69,298 70,845
Creditors: Amounts Falling Due Within One Year 6 (56,080 ) (49,392 )
NET CURRENT ASSETS (LIABILITIES) 13,218 21,453
TOTAL ASSETS LESS CURRENT LIABILITIES 28,786 34,476
Creditors: Amounts Falling Due After More Than One Year 7 (28,786 ) (34,477 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS - (1 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital (122,010) (269,775)
Other reserves 122,010 269,774
- (1)
TOTAL MEMBERS' INTEREST
Members' other interests - (1)
- (1)
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Stacy Arslan
Partner
12/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Swim City LLP is a limited liability partnership, incorporated in England & Wales, registered number OC424353 . The Registered Office is 10 Ravensworth Park, Durham, DH4 6GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 12.5% reducing balance
Computer Equipment 15% Straight line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 30,000 587 2,480 33,067
Additions - 7,318 - 7,318
As at 31 March 2024 30,000 7,905 2,480 40,385
Depreciation
As at 1 April 2023 17,344 292 2,408 20,044
Provided during the period 3,164 1,537 72 4,773
As at 31 March 2024 20,508 1,829 2,480 24,817
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 9,492 6,076 - 15,568
As at 1 April 2023 12,656 295 72 13,023
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 10,000
Ice Kids 23,500 -
Amounts due from members 36,052 -
59,552 10,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Bank loans and overdrafts 5,624 5,624
Hire Purchase 7,683 14,139
Accruals and deferred income 42,773 21,639
Amounts owed to members - 7,988
56,080 49,392
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,786 34,477
Adjusted closing bank balance from 2023 with £10246.42 and posted it to amounts owed to members. 
Page 4