Registration No. OC431405
THE AELFA ARTS HUB LLP
Financial Statements
for the Period from 01 May 2023 to 30 April 2024

THE AELFA ARTS HUB LLP

Financial Statementss for the period ending 30 April 2024

THE AELFA ARTS HUB LLP

Financial Statements for the period ending 30 April 2024

LLP Information

LLP Details
LLP Number OC431405
Registered Office 363 LIMPSFIELD ROAD
SOUTH CROYDON
SURREY
CR2 9BY
Designated Members
Maximillian Elliot HOOPER
Emma WILLIAMS
Stacey Amelie WILLIAMS

THE AELFA ARTS HUB LLP

Financial Statements for the period ending 30 April 2024

Statement of Financial Position

1234
Notes 2024
£ £
Fixed Assets
Tangible assets 5 514 514
Current Assets
Stocks 1,960 1,984
Debtors due within one year 508 508
Cash at bank and in hand 885 1,464
3,353 3,956
Creditors
Amount falling due within one year (5,294) (3,782)
Net Current Assets (1,941) 174
Total Assets less current liabilities (1,427) 688
Creditors due after more than one year - -
Provision for liabilities - -
Accruals and deferred income - -
Net Assets attributed to members (1,427) 688
Represented by:
Loans and other debts due from/(to) members - -
Members other interests (1,427) 688
Total Members' Interest (1,427) 688
For the year ending 30/04/2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Approved by the Members on 31 January 2025
Maximillian Hooper
Company Registration No. OC431405

THE AELFA ARTS HUB LLP

Financial Statements for the period ending 30 April 2024

Notes to the financial statements

1. Statutory Information
THE AELFA ARTS HUB LLP is a Limited Liability partnership, registration number OC431405.
2. Accounting Policies
Basis of preparing the financial statement
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 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.
Current Tax
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.
Tangible Fixed Asset Policy
Tangible Fixed Assets are an essential component of a company's overall asset base. These assets are physical in nature and have a long-term presence in the operations of an organisation. Examples of Tangible Fixed Assets include property (such as land and buildings), plant and machinery, equipment, and vehicles. These assets play a crucial role in the production and provision of goods and services and are used to generate income for the company.
3. Employees
Average number of employees, including directors, during the year was as follows:
2024 3

THE AELFA ARTS HUB LLP

Annual report and Statement of accounts for the period ending 30 April 2024

Notes to the Balance Sheet

5. Tangible Fixed Assets
Land and buildings Plant and Machinery Motor Vehicles Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £ £
At 01/05/2023 - - - - 514 514
Additions - - - - - -
Disposals - - - - - -
Revaluation - - - - - -
At 30/04/2024 - - - - 514 514
Depreciation
At 01/05/2023 - - - - - -
Charge for the year - - - - - -
Disposals - - - - - -
At 30/04/2024 - - - - - -
Net book value
At 30/04/2024 - - - - 514 514
At - - - - 514 514