REGISTERED NUMBER: |
TRANSFORMATIONAL TEACHING LLP |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
REGISTERED NUMBER: |
TRANSFORMATIONAL TEACHING LLP |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
TRANSFORMATIONAL TEACHING LLP (REGISTERED NUMBER: OC447157) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
TRANSFORMATIONAL TEACHING LLP |
GENERAL INFORMATION |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants and |
Chartered Tax Advisers |
71 Knowl Piece |
Wilbury Way |
Hitchin |
Hertfordshire |
SG4 0TY |
TRANSFORMATIONAL TEACHING LLP (REGISTERED NUMBER: OC447157) |
REPORT OF THE MEMBERS |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
The members present their report with the financial statements of the LLP for the period 2 May 2023 to 31 May 2024. |
INCORPORATION |
The LLP was incorporated on 2 May 2023 and commenced trading on the same date. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of educational support services. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The loss for the period before members' remuneration and profit shares was £42,633. |
MEMBERS' INTERESTS |
Profits and losses are allocated among members in accordance with the LLP agreement. Members’ interests at the balance sheet date consist of loans and current accounts, as follows: |
Loans: £46,199 |
Current Accounts: (£42,633) |
STATEMENT OF MEMBERS' RESPONSIBILITIES |
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
ON BEHALF OF THE MEMBERS: |
TRANSFORMATIONAL TEACHING LLP (REGISTERED NUMBER: OC447157) |
INCOME STATEMENT |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
Notes | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING LOSS | 4 | ( |
) |
Interest receivable and similar income |
LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
TRANSFORMATIONAL TEACHING LLP (REGISTERED NUMBER: OC447157) |
BALANCE SHEET |
31 MAY 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |
- |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
TOTAL MEMBERS' INTERESTS |
Amounts due from members | 5 | (42,633 | ) |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
TRANSFORMATIONAL TEACHING LLP (REGISTERED NUMBER: OC447157) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
1. | STATUTORY INFORMATION |
Transformational Teaching LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty. |
Critical accounting judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty. |
Turnover |
Turnover is derived from educational support services and is recognised when the service is delivered to the |
customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates. |
Financial instruments |
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
TRANSFORMATIONAL TEACHING LLP (REGISTERED NUMBER: OC447157) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 2 MAY 2023 TO 31 MAY 2024 |
4. | OPERATING LOSS |
The operating loss is stated after charging: |
£ |
Formation costs | 180 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |