Registered number
OC329833
Anthony and Michelle Healan LLP
Unaudited Filleted Accounts
31 March 2024
Anthony and Michelle Healan LLP
Report to the members on the preparation of the unaudited statutory accounts of Anthony and Michelle Healan LLP for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by the LLP regulations), we have prepared for your approval the accounts of Anthony and Michelle Healan LLP for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Members' Interests and the related notes from the LLP’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the members of Anthony and Michelle Healan LLP, as a body, in accordance with the terms of our engagement letter dated 15 December 2018. Our work has been undertaken solely to prepare for your approval the accounts of Anthony and Michelle Healan LLP and state those matters that we have agreed to state to the members of Anthony and Michelle Healan LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anthony and Michelle Healan LLP and its members as a body for our work or for this report.
It is your duty to ensure that Anthony and Michelle Healan LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Anthony and Michelle Healan LLP. You consider that Anthony and Michelle Healan LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Anthony and Michelle Healan LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
25 February 2025
Anthony and Michelle Healan LLP
Registered number: OC329833
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 37,999 52,113
Current assets
Debtors 5 18,288 25,111
Creditors: amounts falling due within one year 6 (278,362) (276,042)
Net current liabilities (260,074) (250,931)
Total assets less current liabilities (222,075) (198,818)
Creditors: amounts falling due after more than one year 7 (42,880) (60,079)
Net liabilities attributable to members (264,955) (258,897)
Represented by:
Loans and other debts due to members 9 (264,955) (258,897)
(264,955) (258,897)
Total members' interests
Loans and other debts due to members 9 (264,955) (258,897)
(264,955) (258,897)
For the year ended 31 March 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 25 February 2025 and signed on their behalf by:
A T Healan
Designated member
Anthony and Michelle Healan LLP
Notes to the Accounts
for the year ended 31 March 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.
The financial statements are prepared in sterling which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting estimates & judgements

The significant accounting policies applied in the application of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

No significant judgements have had to be made by the members in preparing these financial statements, other than with regard to going concern below.
Turnover
Turnover represents the value, net of value added tax and discounts, of rents received, unit sales and management charges.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Going concern
During the year, the LLP made a loss of £18,081 (2023: £39,947) and the deficit on the balance sheet amounts to £264,955 (2023: £258,897). The LLP is reliant on the support of its members for its continued existence.
3 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost or valuation
At 1 April 2023 39,995 41,009 81,004
At 31 March 2024 39,995 41,009 81,004
Depreciation
At 1 April 2023 7,999 20,892 28,891
Charge for the year 7,999 6,115 14,114
At 31 March 2024 15,998 27,007 43,005
Net book value
At 31 March 2024 23,997 14,002 37,999
At 31 March 2023 31,996 20,117 52,113
5 Debtors 2024 2023
£ £
Other debtors 18,288 25,111
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,895 3,239
Obligations under finance lease and hire purchase contracts 13,097 10,433
Other taxes and social security costs 237 237
Other creditors 262,133 262,133
278,362 276,042
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,754 15,605
Obligations under finance lease and hire purchase contracts 30,126 44,474
42,880 60,079
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 806 3,849
806 3,849
9 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (264,955) (258,897)
Amounts falling due within one year (264,955) (258,897)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
10 Other information
Anthony and Michelle Healan LLP is a limited liability partnership incorporated in England. Its registered office is:
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Anthony and Michelle Healan LLP OC329833 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 A T Healan No description of principal activity OC329833 2022-04-01 2023-03-31 OC329833 core:WithinOneYear 2023-03-31 OC329833 core:AfterOneYear 2023-03-31 OC329833 1 2023-03-31 OC329833 core:MoreThanFiveYears 2023-03-31 OC329833 2023-04-01 2024-03-31 OC329833 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC329833 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC329833 bus:PartnerLLP20 2023-04-01 2024-03-31 OC329833 3 2023-04-01 2024-03-31 OC329833 1 2023-04-01 2024-03-31 OC329833 2 2023-04-01 2024-03-31 OC329833 4 2023-04-01 2024-03-31 OC329833 core:PlantMachinery 2023-04-01 2024-03-31 OC329833 core:Vehicles 2023-04-01 2024-03-31 OC329833 countries:England 2023-04-01 2024-03-31 OC329833 bus:FRS102 2023-04-01 2024-03-31 OC329833 bus:FilletedAccounts 2023-04-01 2024-03-31 OC329833 2024-03-31 OC329833 core:WithinOneYear 2024-03-31 OC329833 core:AfterOneYear 2024-03-31 OC329833 1 2024-03-31 OC329833 core:PlantMachinery 2024-03-31 OC329833 core:Vehicles 2024-03-31 OC329833 core:MoreThanFiveYears 2024-03-31 OC329833 2023-03-31 OC329833 core:PlantMachinery 2023-03-31 OC329833 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure