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REGISTERED NUMBER: OC432744 (England and Wales)



















Unaudited Financial Statements

for the Period 1 August 2023 to 31 March 2024

for

Colonyy LLP

Colonyy LLP (Registered number: OC432744)

Contents of the Financial Statements
for the Period 1 August 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colonyy LLP

General Information
for the Period 1 August 2023 to 31 March 2024







DESIGNATED MEMBERS: D Knight
N Shipton





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC432744 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Colonyy LLP (Registered number: OC432744)

Balance Sheet
31 March 2024

31.3.24 31.7.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,141 86,064

CURRENT ASSETS
Cash at bank 489 1,978

CREDITORS
Amounts falling due within one year 5 3,385 3,536
NET CURRENT LIABILITIES (2,896 ) (1,558 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

72,245

84,506

LOANS AND OTHER DEBTS DUE TO
MEMBERS

3,300

-

MEMBERS' OTHER INTERESTS
Capital accounts 101,426 101,426
Other reserves (32,481 ) (16,920 )
72,245 84,506

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 3,300 -
Members' other interests 68,945 84,506
72,245 84,506

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Colonyy LLP (Registered number: OC432744)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 January 2025 and were signed by:





D Knight - Designated member

Colonyy LLP (Registered number: OC432744)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 March 2024


1. STATUTORY INFORMATION

Colonyy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

Colonyy LLP (Registered number: OC432744)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 March 2024 109,225
AMORTISATION
At 1 August 2023 23,161
Charge for period 10,923
At 31 March 2024 34,084
NET BOOK VALUE
At 31 March 2024 75,141
At 31 July 2023 86,064

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.7.23
as restated
£    £   
Trade creditors 8 508
Taxation and social security 2,127 1,778
Other creditors 1,250 1,250
3,385 3,536