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REGISTERED NUMBER: OC374837 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

The Modern Language School LLP

The Modern Language School LLP (Registered number: OC374837)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

General Information 1

Report of the Members 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


The Modern Language School LLP

General Information
for the Year Ended 31 August 2024







DESIGNATED MEMBERS: L M Hill
V A Addy





REGISTERED OFFICE: Unit 7
Queens Square Business Park
Huddersfield Road
Honley
West Yorkshire
HD9 6QZ





REGISTERED NUMBER: OC374837 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

The Modern Language School LLP (Registered number: OC374837)

Report of the Members
for the Year Ended 31 August 2024

The members present their report with the financial statements of the LLP for the year ended 31 August 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

L M Hill
V A Addy

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £82,610 (2023 - £74,426 profit).

MEMBERS' INTERESTS
Drawings are taken monthly where working capital requirements allow. If any member's account falls into debit, the balance is immediately repayable to the LLP.
Each of the members was obliged to subscribe at 30th April 2012 an amount equal to the balance on their capital account on the partnership cessation accounts at 29th April 2012.
In the event of death, retirement or expulsion of any member, there shall be due to her the balance on her member's account at the next year end following such death, retirement or expulsion.

ON BEHALF OF THE MEMBERS:





V A Addy - Designated member


30 January 2025

The Modern Language School LLP (Registered number: OC374837)

Profit and Loss Account
for the Year Ended 31 August 2024

2024 2023
£    £   

TURNOVER 155,407 150,013

Cost of sales 35,539 27,962
GROSS PROFIT 119,868 122,051

Administrative expenses 37,258 47,625
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




82,610




74,426

The Modern Language School LLP (Registered number: OC374837)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 15,199 15,665

CURRENT ASSETS
Debtors 5 1,651 3,309
Cash at bank and in hand 79,132 70,510
80,783 73,819
CREDITORS
Amounts falling due within one year 6 94,880 84,624
NET CURRENT LIABILITIES (14,097 ) (10,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,102

4,860

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,102

4,860

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,102 4,860
Amounts due from members 5 (143 ) (769 )
959 4,091

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 year ended 31 August 2024.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:




V A Addy - Designated member




L M Hill - Designated member


The Modern Language School LLP (Registered number: OC374837)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Modern Language School LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 25% reducing balance

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 year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 39,502 1,686 12,145 8,684 62,017
Additions - - 2,492 938 3,430
At 31 August 2024 39,502 1,686 14,637 9,622 65,447
DEPRECIATION
At 1 September 2023 31,294 1,249 9,287 4,522 46,352
Charge for year 1,231 140 1,249 1,276 3,896
At 31 August 2024 32,525 1,389 10,536 5,798 50,248
NET BOOK VALUE
At 31 August 2024 6,977 297 4,101 3,824 15,199
At 31 August 2023 8,208 437 2,858 4,162 15,665

The Modern Language School LLP (Registered number: OC374837)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 806 875
Amounts due from members 143 769
Prepayments 702 1,665
1,651 3,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred income 91,880 79,334
Accrued expenses 3,000 5,290
94,880 84,624

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,750 8,865
Between one and five years 46,312 -
56,062 8,865

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, other unsecured creditors would be paid first before any repayments of members' accounts. No protection is afforded to creditors which is legally enforceable and cannot be revoked at will.