REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
The Modern Language School LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
The Modern Language School LLP (Registered number: OC374837) |
Profit and Loss Account |
for the Year Ended 31 August 2024 |
2024 | 2023 |
£ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
The Modern Language School LLP (Registered number: OC374837) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
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 |
Amounts due from members | 143 | 769 |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Deferred income |
Accrued expenses |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
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. |