REGISTERED NUMBER: OC414852 (England and Wales)

Unaudited Financial Statements

for the Period 6 April 2024 to 31 January 2025

for

Steppin Out Stars LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S L E Otway

H E Richardson

REGISTERED OFFICE:

33 Newlands Close

Shinfield

Berkshire

RG2 9LG

REGISTERED NUMBER:

OC414852 (England and Wales)

ACCOUNTANTS:

Gilroy & Brookes Accountants Limited

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

FIXED ASSETS

Tangible assets

4

24,096

28,906

CURRENT ASSETS

Debtors

5

860

1,361

Cash at bank and in hand

27,022

83,398

27,882

84,759

CREDITORS

Amounts falling due within one year

6

(25,767

)

(17,699

)

NET CURRENT ASSETS

2,115

67,060

TOTAL ASSETS LESS CURRENT LIABILITIES

26,211

95,966

CREDITORS

Amounts falling due after more than one year

7

(17,097

)

(28,831

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

9,114

67,135

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

233,449

223,392

MEMBERS' OTHER INTERESTS

Other reserves

(224,335

)

(156,257

)

9,114

67,135

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

233,449

223,392

Members' other interests

(224,335

)

(156,257

)

9,114

67,135

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 January 2025.

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 have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 March 2025 and were signed by:

S L E Otway - Designated member

H E Richardson - Designated member

1.	STATUTORY INFORMATION

Steppin Out Stars LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 6 April 2024

989

7,865

30,642

552

40,048

Additions

-

142

-

-

142

At 31 January 2025

989

8,007

30,642

552

40,190

DEPRECIATION

At 6 April 2024

375

4,271

6,128

368

11,142

Charge for period

102

611

4,086

153

4,952

At 31 January 2025

477

4,882

10,214

521

16,094

NET BOOK VALUE

At 31 January 2025

512

3,125

20,428

31

24,096

At 5 April 2024

614

3,594

24,514

184

28,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

860

1,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

5,822

5,822

Trade creditors

4,726

53

Accrued expenses

5,219

1,824

25,767

17,699

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

3,357

12,500

Hire purchase contracts

13,740

16,331

17,097

28,831

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

233,449

223,392

Falling due within one year

233,449

223,392

9.	ULTIMATE CONTROLLING PARTY

The Limited Liability Partnership was under the control of S L otway and H E Richardson throughout the current year.