1 April 2023 false No description of principal activity Taxfiler 2024.6 OC393548business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC3935482023-03-31 OC3935482023-04-012024-03-31 OC393548business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 OC393548business:FullAccounts2023-04-012024-03-31 OC3935482024-03-31 OC393548business:PartnerLLP12023-04-012024-03-31 OC393548business:PartnerLLP22023-04-012024-03-31 OC393548business:RegisteredOffice2023-04-012024-03-31 OC3935482023-03-31 OC393548core:WithinOneYear2024-03-31 OC393548core:WithinOneYear2023-03-31 OC393548core:AfterOneYear2024-03-31 OC393548core:AfterOneYear2023-03-31 OC393548core:ShareCapital2024-03-31 OC393548core:ShareCapital2023-03-31 OC393548core:RetainedEarningsAccumulatedLosses2024-03-31 OC393548core:RetainedEarningsAccumulatedLosses2023-03-31 OC393548business:SmallEntities2023-04-012024-03-31 OC393548core:PlantMachinery2023-04-012024-03-31 OC393548core:MotorVehicles2023-04-012024-03-31 OC393548core:ComputerEquipment2023-04-012024-03-31 OC393548countries:EnglandWales2023-04-012024-03-31 OC393548core:LandBuildings2023-03-31 OC393548core:MotorVehicles2023-03-31 OC393548core:ComputerEquipment2023-03-31 OC393548core:LandBuildings2023-04-012024-03-31 OC393548core:LandBuildings2024-03-31 OC393548core:MotorVehicles2024-03-31 OC393548core:ComputerEquipment2024-03-31 OC3935482022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC393548 (England and Wales)
Fusion Partners LLP Unaudited accounts for the year ended 31 March 2024
Fusion Partners LLP LLP Information for the year ended 31 March 2024
Designated members
Miss Heidi Elliss
MR Anthony Rogers
Registered Number
OC393548 (England and Wales)
Registered Office
50 Mead Lane Buxted East Sussex TN22 4AS
Accountants
Fusion Partners LLP 50 Mead Lane Buxted East Sussex TN22 4AS
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Fusion Partners LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,262 
18,699 
Current assets
Debtors
10,539 
21,160 
Cash at bank and in hand
28,957 
41,465 
39,496 
62,625 
Creditors: amounts falling due within one year
(92,261)
(42,530)
Net current (liabilities)/assets
(52,765)
20,095 
Total assets less current liabilities
(16,503)
38,794 
Creditors: amounts falling due after more than one year
(65,637)
(71,464)
Net liabilities attributable to members
(82,140)
(32,670)
Represented by:
Loans and other debts due to members
(625,262)
(429,923)
Members' other interests
Members' capital classified as equity
4,000 
4,000 
Other reserves
539,122 
393,253 
543,122 
397,253 
(82,140)
(32,670)
Total members' interests
Loans and other debts due to members
(625,262)
(429,923)
Members' other interests
543,122 
397,253 
(82,140)
(32,670)
For the year ending 31 March 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 31 December 2024.
MR Anthony Rogers Designated member Limited Liability Partnership Registration No. OC393548
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Fusion Partners LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
2 Years
Motor vehicles
5 Years
Computer equipment
2 Years
Leased assets
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments. All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease. Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
Fusion Partners LLP is a limited liability partnership, incorporated in England and Wales, registration number OC393548. Its registered office is 50 Mead Lane, Buxted, East Sussex, TN22 4AS.
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Fusion Partners LLP Notes to the Accounts for the year ended 31 March 2024
3
Tangible fixed assets
Land & buildings 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
23,530 
57,490 
(19,184)
61,836 
Additions
- 
48,995 
- 
48,995 
Revaluations
- 
- 
(19,184)
(19,184)
At 31 March 2024
23,530 
106,485 
(38,368)
91,647 
Depreciation
At 1 April 2023
- 
23,954 
19,183 
43,137 
Charge for the year
- 
12,248 
- 
12,248 
At 31 March 2024
- 
36,202 
19,183 
55,385 
Net book value
At 31 March 2024
23,530 
70,283 
(57,551)
36,262 
At 31 March 2023
23,530 
33,536 
(38,367)
18,699 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
544 
204 
Trade creditors
57,408 
14,700 
Taxes and social security costs
13,194 
16,732 
Other creditors
21,115 
10,894 
92,261 
42,530 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,855 
34,854 
Obligations under finance leases and hire purchase contracts
30,782 
36,610 
65,637 
71,464 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
(625,262)
(429,923)
Amounts falling due within one year
(625,262)
(429,923)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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