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Registration number: OC428000

Code Red Training (Bristol) LLP

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2024

image-name
 

Code Red Training (Bristol) LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 7

Balance Sheet

2

Notes to the Financial Statements

4

 

Code Red Training (Bristol) LLP

Limited liability partnership information

Designated members

Stephanie Alexandra Coomber

James Coomber
 

Registered office

Meadowdene
King Street
Combe Martin
Devon
EX34 0AB

Accountants

Westcotts
47 Boutport Street
Barnstaple
Devon
EX31 1SQ

 

Code Red Training (Bristol) LLP

(Registration number: OC428000)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

5,185

8,182

Current assets

 

Debtors

4

327

-

Cash and short-term deposits

 

17,651

-

 

17,978

-

Creditors: Amounts falling due within one year

5

(1,691)

(4,410)

Net current assets/(liabilities)

 

16,287

(4,410)

Total assets less current liabilities

 

21,472

3,772

Creditors: Amounts falling due after more than one year

6

-

(211)

Net assets attributable to members

 

21,472

3,561

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

75,214

67,081

Members’ other interests

 

Other reserves

 

(53,742)

(63,520)

   

21,472

3,561

Total members' interests

 

Loans and other debts due to members

 

75,214

67,081

Equity

 

(53,742)

(63,520)

   

21,472

3,561

For the year ending 5 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Code Red Training (Bristol) LLP

(Registration number: OC428000)
Balance Sheet as at 5 April 2024

The financial statements of Code Red Training (Bristol) LLP (registered number OC428000) were approved by the Board and authorised for issue on 4 April 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Stephanie Alexandra Coomber
Designated member

.........................................
James Coomber
Designated member

 

Code Red Training (Bristol) LLP

Notes to the Financial Statements for the Year Ended 5 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Code Red Training (Bristol) LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Code Red Training (Bristol) LLP

Notes to the Financial Statements for the Year Ended 5 April 2024

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

5 year straight line

Fixtures & fittings

5 year straight line

Motor Vehicles

5 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2023 - 0).

 

Code Red Training (Bristol) LLP

Notes to the Financial Statements for the Year Ended 5 April 2024

3

Tangible fixed assets

Plant and machinery
 £

Fixtures and fittings
 £

Motor vehicles
 £

Total
£

Cost

At 6 April 2023

6,191

2,335

16,600

25,126

Additions

-

2,239

-

2,239

At 5 April 2024

6,191

4,574

16,600

27,365

Depreciation

At 6 April 2023

2,477

1,188

13,280

16,945

Charge for the year

1,238

677

3,320

5,235

At 5 April 2024

3,715

1,865

16,600

22,180

Net book value

At 5 April 2024

2,476

2,709

-

5,185

At 5 April 2023

3,715

1,147

3,320

8,182

4

Debtors

2024
£

Prepayments and accrued income

327

Total current trade and other debtors

327

 

Code Red Training (Bristol) LLP

Notes to the Financial Statements for the Year Ended 5 April 2024

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Bank loans and overdrafts

491

2,400

Trade creditors

1,200

2,010

1,691

4,410

6

Creditors: Amounts falling due after more than one year

2024
£

2023
£

Bank loans and overdrafts

-

211

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.