Acorah Software Products - Accounts Production 16.2.850 false true false 18 February 2024 31 March 2025 31 March 2025 OC451096 Mrs G K Hextall Mr N C Furlong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC451096 2024-02-17 OC451096 2025-03-31 OC451096 2024-02-18 2025-03-31 OC451096 frs-core:CurrentFinancialInstruments 2025-03-31 OC451096 frs-core:FurnitureFittings 2025-03-31 OC451096 frs-core:FurnitureFittings 2024-02-18 2025-03-31 OC451096 frs-core:FurnitureFittings 2024-02-17 OC451096 frs-bus:LimitedLiabilityPartnershipLLP 2024-02-18 2025-03-31 OC451096 frs-bus:LimitedLiabilityPartnershipsSORP 2024-02-18 2025-03-31 OC451096 frs-bus:FilletedAccounts 2024-02-18 2025-03-31 OC451096 frs-bus:SmallEntities 2024-02-18 2025-03-31 OC451096 frs-bus:AuditExempt-NoAccountantsReport 2024-02-18 2025-03-31 OC451096 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-18 2025-03-31 OC451096 frs-countries:EnglandWales 2024-02-18 2025-03-31 OC451096 frs-bus:PartnerLLP1 2024-02-18 2025-03-31 OC451096 frs-bus:PartnerLLP2 2024-02-18 2025-03-31
Registered number: OC451096
Theatre School Of Sutton Coldfield LLP
Unaudited Financial Statements
For the Period 18 February 2024 to 31 March 2025
Elevate Professional Ltd T/A Elevate Accountancy
Unit 5 Marlborough Road
Wrexham Industrial Estate
Wrexham
LL13 9RJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC451096
31 March 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 711
711
CURRENT ASSETS
Stocks 5 2,500
Debtors 6 299
Cash at bank and in hand 29,920
32,719
Creditors: Amounts Falling Due Within One Year 7 (291 )
NET CURRENT ASSETS (LIABILITIES) 32,428
TOTAL ASSETS LESS CURRENT LIABILITIES 33,139
NET ASSETS ATTRIBUTABLE TO MEMBERS 33,139
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 97,687
97,687
Equity
Members' other interests
Members' capital (64,548)
(64,548)
33,139
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 97,687
Members' other interests (64,548)
33,139
Page 1
Page 2
For the period 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 G K Hextall
Designated Member
24/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Theatre School Of Sutton Coldfield LLP is a limited liability partnership, incorporated in England & Wales, registered number OC451096 . The Registered Office is 10 Cowley Grove, Hugglescote, Coalville, Leicestershire, LE67 2EA.
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. 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 straight line over 4 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 7
7
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 18 February 2024 -
Additions 752
As at 31 March 2025 752
...CONTINUED
Page 3
Page 4
Depreciation
As at 18 February 2024 -
Provided during the period 41
As at 31 March 2025 41
Net Book Value
As at 31 March 2025 711
As at 18 February 2024 -
5. Stocks
31 March 2025
£
Stock 2,500
6. Debtors
31 March 2025
£
Due within one year
Other debtors 299
7. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Trade creditors 291
Page 4