Acorah Software Products - Accounts Production 16.0.110 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 OC437610 Mr Joshua Funnell Mrs Rebecca Morland Ms Monique Tremblay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC437610 2023-05-31 OC437610 2024-05-31 OC437610 2023-06-01 2024-05-31 OC437610 frs-core:CurrentFinancialInstruments 2024-05-31 OC437610 frs-core:ComputerEquipment 2024-05-31 OC437610 frs-core:ComputerEquipment 2023-06-01 2024-05-31 OC437610 frs-core:ComputerEquipment 2023-05-31 OC437610 frs-core:NetGoodwill 2024-05-31 OC437610 frs-core:NetGoodwill 2023-06-01 2024-05-31 OC437610 frs-core:NetGoodwill 2023-05-31 OC437610 frs-bus:LimitedLiabilityPartnershipLLP 2023-06-01 2024-05-31 OC437610 frs-bus:LimitedLiabilityPartnershipsSORP 2023-06-01 2024-05-31 OC437610 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 OC437610 frs-bus:SmallEntities 2023-06-01 2024-05-31 OC437610 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 OC437610 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 OC437610 frs-countries:EnglandWales 2023-06-01 2024-05-31 OC437610 frs-bus:PartnerLLP1 2023-06-01 2024-05-31 OC437610 frs-bus:PartnerLLP2 2023-06-01 2024-05-31 OC437610 frs-bus:PartnerLLP3 2023-06-01 2024-05-31 OC437610 2022-05-31 OC437610 2023-05-31 OC437610 2022-06-01 2023-05-31 OC437610 frs-core:CurrentFinancialInstruments 2023-05-31
Registered number: OC437610
Green Oak Education LLP
Unaudited Financial Statements
For The Year Ended 31 May 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC437610
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 8,845
Tangible Assets 5 - 1,858
- 10,703
CURRENT ASSETS
Debtors 6 28,230 10,077
Cash at bank and in hand 12,761 43,254
40,991 53,331
Creditors: Amounts Falling Due Within One Year 7 (1,845 ) (1,666 )
NET CURRENT ASSETS (LIABILITIES) 39,146 51,665
TOTAL ASSETS LESS CURRENT LIABILITIES 39,146 62,368
NET ASSETS ATTRIBUTABLE TO MEMBERS 39,146 62,368
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 12,240 12,240
Other amounts 26,906 50,128
39,146 62,368
39,146 62,368
TOTAL MEMBERS' INTEREST
Amounts due from members (28,230) -
Loans and other debts due to members within one year 39,146 62,368
10,916 62,368
Page 1
Page 2
For the year ending 31 May 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Joshua Funnell
Designated Member
3rd February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Green Oak Education LLP is a limited liability partnership, incorporated in England & Wales, registered number OC437610 . The Registered Office is Castle House, Castle Street, Guildford, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Going Concern Disclosure
The members believe that the going concern basis is not appropriate as the members intend to cease trading.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 11,000
Disposals (11,000 )
As at 31 May 2024 -
Amortisation
As at 1 June 2023 2,155
Provided during the period 1,100
Disposals (3,255 )
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 8,845
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 3,402
Disposals (3,402 )
As at 31 May 2024 -
Depreciation
As at 1 June 2023 1,544
Provided during the period 850
Disposals (2,394 )
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 1,858
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 28,230 10,077
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 493 -
Other creditors 1,352 1,666
1,845 1,666
Page 5