Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC393767 Bridges Social Impact Bond Fund (General Partner) Ltd Bridges Social Entrepeneurs Fund (General Partner) Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC393767 2023-03-31 OC393767 2024-03-31 OC393767 2023-04-01 2024-03-31 OC393767 frs-core:CurrentFinancialInstruments 2024-03-31 OC393767 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC393767 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC393767 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC393767 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC393767 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC393767 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC393767 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC393767 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC393767 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC393767 2022-03-31 OC393767 2023-03-31 OC393767 2022-04-01 2023-03-31 OC393767 frs-core:CurrentFinancialInstruments 2023-03-31 OC393767 frs-core:OtherReservesSubtotal 2022-03-31
Registered number: OC393767
Foster Care Support LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hollands Accountancy Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC393767
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 208,982 208,982
Cash at bank and in hand 25,060 27,180
234,042 236,162
Creditors: Amounts Falling Due Within One Year 5 (2,040 ) (2,040 )
NET CURRENT ASSETS (LIABILITIES) 232,002 234,122
TOTAL ASSETS LESS CURRENT LIABILITIES 232,002 234,122
NET ASSETS ATTRIBUTABLE TO MEMBERS 232,002 234,122
REPRESENTED BY:
Equity
Members' other interests
Members' capital 368,001 368,001
Other reserves (135,999) (133,879)
232,002 234,122
TOTAL MEMBERS' INTEREST
Members' other interests 232,002 234,122
232,002 234,122
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
Bridges Social Entrepeneurs Fund (General Partner) Ltd
Designated Member
25/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY
Members' other interests
Members'Capital classified as Equity Other Reserves Total Equity Total members' interest
£ £ £ £
Balance at 1 April 2022 368,001 (131,597 ) 236,404 236,404
Profit/(loss) for the financial year available for discretionary division among members - (2,282 ) (2,282 ) (2,282 )
Members' interests after profit/(loss) for the year 368,001 (133,879) 234,122 234,122
As at 31 March 2023 and 1 April 2023 368,001 (133,879) 234,122 234,122
Profit/(loss) for the financial year available for discretionary division among members - (2,120 ) (2,120 ) (2,120 )
Members' interests after profit/(loss) for the year 368,001 (135,999) 232,002 232,002
As at 31 March 2024 368,001 (135,999) 232,002 232,002
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Foster Care Support LLP is a limited liability partnership, incorporated in England & Wales, with registered number OC393767 . The Registered Office is at 38 Seymour Street, London, W1H 7BP.
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. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. Critical accounting judgements and key sources of estimation uncertainty
In the application of the LLP's accounting policies, the members have not been required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised or to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The members do not believe that they have had to make any critical judgements in the process of applying the LLP's accounting policies that have a significant effect on the amounts recognised in the financial statements.
2.4. Administrative expenses
Expenses are accounted for on an accruals basis and charged through the Statement of Comprehensive Income.
2.5. Taxation
Tax has not been recorded in these financial statements, as any tax liabilities that may arise are borne by the individual partners comprising the Partnership.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 208,982 208,982
208,982 208,982
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,040 2,040
2,040 2,040
Page 5