Registered number
OC403544
Ashford Play Nurseries LLP
Filleted Accounts
31 August 2024
Ashford Play Nurseries LLP
Registered number: OC403544
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 15,000 22,500
Tangible assets 4 847,795 849,051
862,795 871,551
Current assets
Cash at bank and in hand 1,564 1,235
Creditors: amounts falling due within one year 5 (100,354) (109,184)
Net current liabilities (98,790) (107,949)
Total assets less current liabilities 764,005 763,602
Creditors: amounts falling due after more than one year 6 (240,571) (263,932)
Net assets attributable to members 523,434 499,670
Represented by:
Loans and other debts due to members 7 260,969 285,160
Members' other interests
Revaluation reserve 195,000 195,000
Other reserves 67,465 19,510
262,465 214,510
523,434 499,670
Total members' interests
Loans and other debts due to members 7 260,969 285,160
Members' other interests 262,465 214,510
523,434 499,670
For the year ended 31 August 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 5 March 2025 and signed on their behalf by:
Valerie Webb
Designated member
Ashford Play Nurseries LLP
Notes to the Accounts
for the year ended 31 August 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 Not depreciated
Plant and machinery over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 11 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 75,000
At 31 August 2024 75,000
Amortisation
At 1 September 2023 52,500
Provided during the year 7,500
At 31 August 2024 60,000
Net book value
At 31 August 2024 15,000
At 31 August 2023 22,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 September 2023 845,000 6,784 851,784
At 31 August 2024 845,000 6,784 851,784
Depreciation
At 1 September 2023 - 2,733 2,733
Charge for the year - 1,256 1,256
At 31 August 2024 - 3,989 3,989
Net book value
At 31 August 2024 845,000 2,795 847,795
At 31 August 2023 845,000 4,051 849,051
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