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 OC417376 Bridges Social Impact (Investments) Ltd Bridges Social Impact Bond Fund (General Partner) Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC417376 2023-03-31 OC417376 2024-03-31 OC417376 2023-04-01 2024-03-31 OC417376 frs-core:CurrentFinancialInstruments 2024-03-31 OC417376 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC417376 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC417376 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC417376 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC417376 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC417376 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC417376 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC417376 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC417376 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC417376 2022-03-31 OC417376 2023-03-31 OC417376 2022-04-01 2023-03-31 OC417376 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC417376
Positive Families Partnership LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hollands Accountancy Limited
11 & 13 St Thomas Square
Monmouth
NP25 5ES
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC417376
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 12,443 452,514
Cash at bank and in hand 148,787 98,727
161,230 551,241
Creditors: Amounts Falling Due Within One Year 5 (27,594 ) (80,020 )
NET CURRENT ASSETS (LIABILITIES) 133,636 471,221
TOTAL ASSETS LESS CURRENT LIABILITIES 133,636 471,221
NET ASSETS ATTRIBUTABLE TO MEMBERS 133,636 471,221
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability - 211,489
- 211,489
Equity
Members' other interests
Members' capital 200 200
Other reserves 133,436 259,532
133,636 259,732
133,636 471,221
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year - 211,489
Members' other interests 133,636 259,732
133,636 471,221
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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 Impact Bond Fund (General Partner) Ltd
Designated Member
25/11/2024
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
Positive Families Partnership LLP is a limited liability partnership, incorporated in England & Wales, with registered number OC417376 . 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
After reviewing forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future and they intend to continue to support the project going forward. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Critical accounting judegments 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.
2.5. Administrative Expenses
Expenses are accounted for on an accruals basis and charged through the Income Statement.
2.6. 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: 1 (2023: 1)
1 1
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,082 408,548
Prepayments and accrued income 5,602 43,866
Unpaid capital contribution 100 100
HMRC - VAT 3,659 -
12,443 452,514
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,594 12,764
HMRC - VAT - 44,961
Loan interest due to members - 4,563
Accruals and deferred income - 17,732
27,594 80,020
6. Loans and other debts due to members
Amounts due to members would rank after amounts due to other unsecured creditors in the event of a winding up. No special protection is afforded to unsecured creditors which is legally enforceable and cannot be revoked solely by a decision of the members. No restrictions or limitations exist on the ability of the members to reduce the amount of 'Members' other interests'.
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