1 September 2023 false No description of principal activity Taxfiler 2024.6 OC377867business:LimitedLiabilityPartnershipLLP2023-09-012024-08-31 OC3778672023-08-31 OC3778672023-09-012024-08-31 OC377867business:AuditExemptWithAccountantsReport2023-09-012024-08-31 OC377867business:FullAccounts2023-09-012024-08-31 OC3778672024-08-31 OC377867business:PartnerLLP12023-09-012024-08-31 OC377867business:PartnerLLP22023-09-012024-08-31 OC377867business:PartnerLLP32023-09-012024-08-31 OC377867business:RegisteredOffice2023-09-012024-08-31 OC3778672023-08-31 OC377867core:WithinOneYear2024-08-31 OC377867core:WithinOneYear2023-08-31 OC377867core:RetainedEarningsAccumulatedLosses2024-08-31 OC377867core:RetainedEarningsAccumulatedLosses2023-08-31 OC377867business:SmallEntities2023-09-012024-08-31 OC377867core:PlantMachinery2023-09-012024-08-31 OC377867countries:EnglandWales2023-09-012024-08-31 OC377867core:FurnitureFittings2023-08-31 OC377867core:FurnitureFittings2024-08-31 OC377867core:FurnitureFittings2023-09-012024-08-31 OC3778672022-09-012023-08-31 iso4217:GBP xbrli:pure
Registered No. OC377867 (England and Wales)
ARCH LEISURE LLP Unaudited accounts for the year ended 31 August 2024
ARCH LEISURE LLP LLP Information for the year ended 31 August 2024
Designated members
Mrs Glynis Laverick
Mr Keith Laverick
Miss Sasha Laverick
Registered Number
OC377867 (England and Wales)
Registered Office
Red House Main Street Fiskerton Nottinghamshire NG25 0UL
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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ARCH LEISURE LLP Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
100 
134 
Current assets
Debtors
18,575 
874 
Cash at bank and in hand
94,423 
53,627 
112,998 
54,501 
Creditors: amounts falling due within one year
(13,367)
(2,300)
Net current assets
99,631 
52,201 
Net assets attributable to members
99,731 
52,335 
Represented by:
Loans and other debts due to members
33,247 
(14,149)
Members' other interests
Other reserves
66,484 
66,484 
99,731 
52,335 
Total members' interests
Loans and other debts due to members
33,247 
(14,149)
Members' other interests
66,484 
66,484 
99,731 
52,335 
For the year ending 31 August 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 accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 3 September 2024.
Mr Keith Laverick Designated member Limited Liability Partnership Registration No. OC377867
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ARCH LEISURE LLP Notes to the Accounts for the year ended 31 August 2024
1
Accounting policies
Change In Business Model
The business model changed in 2023 with turnover numbers and costs-of-sales being replaced with net commissions being paid. Further, the responsibility of manufacturing and supply to the customer was passed to the manufacturing division. This change has released funding within the operation and the return in terms of profits has remained at previous year levels without the trading risks of warranties and supply chain issues.
Basis of preparation
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Profit of the LLP
As permitted by s230 of the Companies Act as modified for the application to LLP's, the LLP is exempt from presenting it's own profit and loss account. The profit of the LLP for the financial year amounted to £53,320 (2021 £63,868).
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalized and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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ARCH LEISURE LLP Notes to the Accounts for the year ended 31 August 2024
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
2
Statutory information
ARCH LEISURE LLP is a limited liability partnership, incorporated in England and Wales, registration number OC377867. Its registered office is Red House, Main Street, Fiskerton, Nottinghamshire, NG25 0UL.
3
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
2,482 
At 31 August 2024
2,482 
Depreciation
At 1 September 2023
2,348 
Charge for the year
34 
At 31 August 2024
2,382 
Net book value
At 31 August 2024
100 
At 31 August 2023
134 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
9,525 
- 
Accruals
3,842 
2,300 
13,367 
2,300 
5
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
33,247 
(14,149)
Amounts falling due within one year
33,247 
(14,149)
The profits for the period was: £57,927 less drawings of some (£10,531) and prior year losses £14,149) leaving a net residue of £33,247 due to partners in the period. Net allocation to reserves of £0.00 Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Capital commitments
2024 
2023 
£ 
£ 
No capital commitments as at the balance sheet date.
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ARCH LEISURE LLP Notes to the Accounts for the year ended 31 August 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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