Registered number
OC437631
AWA Cambridge LLP
Filleted Accounts
5 April 2024
AWA Cambridge LLP
Registered number: OC437631
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,211,695 802,988
Current assets
Debtors 4 65,531 50,674
Cash at bank and in hand 670,273 15,620
735,804 66,294
Creditors: amounts falling due within one year 5 (23,430) (12,100)
Net current assets 712,374 54,194
Total assets less current liabilities 1,924,069 857,182
Net assets attributable to members 1,924,069 857,182
Represented by:
Loans and other debts due to members 6 1,913,254 840,224
Members' other interests
Other reserves 10,815 16,958
1,924,069 857,182
Total members' interests
Loans and other debts due to members 6 1,913,254 840,224
Members' other interests 10,815 16,958
1,924,069 857,182
For the year ended 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 14 January 2025 and signed on their behalf by:
Adrian Cassidy
Designated member
AWA Cambridge LLP
Notes to the Accounts
for the year ended 5 April 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 6 April 2023 789,655 13,333 802,988
Additions 401,855 12,692 414,547
At 5 April 2024 1,191,510 26,025 1,217,535
Depreciation
Charge for the year - 5,840 5,840
At 5 April 2024 - 5,840 5,840
Net book value
At 5 April 2024 1,191,510 20,185 1,211,695
At 5 April 2023 789,655 13,333 802,988
4 Debtors 2024 2023
£ £
Trade debtors 33,600 -
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest 29,074 50,674
Other debtors 2,857 -
65,531 50,674
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 21,230 6,000
Other taxes and social security costs 1,601 2,600
Other creditors 599 3,500
23,430 12,100
6 Loans and other debts due to members 2024 2023
£ £
Members capital classified as debt 282,562 265,604
Loans from members 1,630,692 574,620
1,913,254 840,224
Amounts falling due within one year 1,913,254 840,224
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
AWA Cambridge LLP is a limited liability partnership incorporated in England. Its registered office is:
10 Wellington Street
Cambridge
CB1 1HW
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