Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC443370 Mrs Joanne Weighill Mr Benjamin Weighill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC443370 2024-03-31 OC443370 2025-03-31 OC443370 2024-04-01 2025-03-31 OC443370 frs-core:CurrentFinancialInstruments 2025-03-31 OC443370 frs-core:FurnitureFittings 2025-03-31 OC443370 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC443370 frs-core:FurnitureFittings 2024-03-31 OC443370 frs-core:NetGoodwill 2025-03-31 OC443370 frs-core:NetGoodwill 2024-04-01 2025-03-31 OC443370 frs-core:NetGoodwill 2024-03-31 OC443370 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC443370 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC443370 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC443370 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC443370 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC443370 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC443370 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC443370 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC443370 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC443370 2023-03-31 OC443370 2024-03-31 OC443370 2023-04-01 2024-03-31 OC443370 frs-core:CurrentFinancialInstruments 2024-03-31
Registered number: OC443370
Weighill Swim LLP
Financial Statements
For The Year Ended 31 March 2025
AJM Accountancy & Taxation Ltd
21 Goldings Close
Kings Hill
Kent
ME19 4BE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC443370
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 71,000 106,500
Tangible Assets 5 72 108
71,072 106,608
CURRENT ASSETS
Debtors 6 36 79
Cash at bank and in hand 31,387 21,230
31,423 21,309
Creditors: Amounts Falling Due Within One Year 7 (14,412 ) (14,241 )
NET CURRENT ASSETS (LIABILITIES) 17,011 7,068
TOTAL ASSETS LESS CURRENT LIABILITIES 88,083 113,676
NET ASSETS ATTRIBUTABLE TO MEMBERS 88,083 113,676
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 29,181 19,401
29,181 19,401
Equity
Members' other interests
Members' capital 58,902 94,275
58,902 94,275
88,083 113,676
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 29,181 19,401
Members' other interests 58,902 94,275
88,083 113,676
Page 1
Page 2
For the year ending 31 March 2025 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
Mrs Joanne Weighill
Designated Member
23 April 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
Weighill Swim LLP is a limited liability partnership, incorporated in England & Wales, registered number OC443370 . The Registered Office is 3 Greensleeves Way, Kings Hill, West Malling, Kent, ME19 4BJ.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is recognised in relation to the transfer of the sole trade business trading as Turtle Tots Maidstone & East Kent. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Fixtures & Fittings 20% on straight line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 4)
3 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 177,500
As at 31 March 2025 177,500
Amortisation
As at 1 April 2024 71,000
Provided during the period 35,500
As at 31 March 2025 106,500
Net Book Value
As at 31 March 2025 71,000
As at 1 April 2024 106,500
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 180
As at 31 March 2025 180
Depreciation
As at 1 April 2024 72
Provided during the period 36
As at 31 March 2025 108
Net Book Value
As at 31 March 2025 72
As at 1 April 2024 108
6. Debtors
2025 2024
£ £
Due within one year
Other taxes and social security 36 79
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,097 3,220
Net wages 1 1
Other creditors 47 20
Accruals and deferred income 11,267 11,000
14,412 14,241
Page 5