Limited Liability Partnership registration number OC427714 (England and Wales)
TBL Academy LLP
Annual report and unaudited financial statements
for the year ended 5 April 2024
PAGES FOR FILING WITH REGISTRAR
TBL Academy LLP
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
TBL Academy LLP
Statement of financial position
as at 5 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
65,763
62,493
Cash at bank and in hand
4,293
3,152
70,056
65,645
Creditors: amounts falling due within one year
4
(61,759)
(57,201)
Net current assets
8,297
8,444
Creditors: amounts falling due after more than one year
5
(12,250)
(14,847)
Net liabilities attributable to members
(3,953)
(6,403)
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
(3,953)
(6,403)
For the financial year ended 5 April 2024 the limited liability partnership 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 relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
The members of the limited liability partnership have elected not to include a copy of the income statement within the financial statements.
The financial statements were approved by the members and authorised for issue on 6 November 2024 and are signed on their behalf by:
06 November 2024
T J Ball
Designated member
Limited Liability Partnership registration number OC427714 (England and Wales)
TBL Academy LLP
Notes to the Financial Statements
for the year ended 5 April 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the amounts recoverable for goods and services provided to clients, in the normal course of business. Turnover is recognised on the performance of service obligations where a right to consideration is due.
Members' participating interests
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
2
Employees
The average number of persons (excluding members) employed by the partnership during the year was:
2024
2023
Number
Number
Total
3
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
42,593
44,319
Other debtors
23,170
18,174
65,763
62,493
TBL Academy LLP
Notes to the Financial Statements (continued)
for the year ended 5 April 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
2,333
2,070
Other creditors
59,426
55,131
61,759
57,201
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan
12,250
14,847
6
Loans and other debts due to members
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.
7
Limited Liability Partnership Information
TBL Academy LLP is a limited liability partnership incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.
The limited liability partnership's principal activities are disclosed in the Members' Report.