Registered No. OC415031 (England and Wales)
FUNTECH HQ LLP
Unaudited accounts
for the year ended 31 August 2024
FUNTECH HQ LLP
LLP Information
for the year ended 31 August 2024
Designated members
Mr Philip Barber
Mrs Sheineez Kanani-Barber
Registered Number
OC415031 (England and Wales)
Registered Office
Suite 147 5 High Street
Maidenhead
Berkshire
SL6 1JN
United Kingdom
Accountants
For and on behalf of AccNet Solutions Limited
7 Bell Yard
London
WC2A 2JR
FUNTECH HQ LLP
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
6,870
7,050
Creditors: amounts falling due within one year
(4,038)
(4,038)
Net current assets
2,832
3,012
Net assets attributable to members
3,032
3,212
Loans and other debts due to members
(438,116)
(338,216)
Members' capital classified as equity
125,575
125,575
Other reserves
315,573
215,853
Loans and other debts due to members
(438,116)
(338,216)
Members' other interests
441,148
341,428
For the year ending 31 August 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 9 May 2025.
Mrs Sheineez Kanani-Barber
Designated member
Limited Liability Partnership Registration No. OC415031
FUNTECH HQ LLP
Notes to the Accounts
for the year ended 31 August 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer. 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.
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members' remuneration charged as an expense in the profit and loss account.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
33% Straight line
Computer equipment
33% Straight line
FUNTECH HQ LLP is a limited liability partnership, incorporated in England and Wales, registration number OC415031. Its registered office is Suite 147 5 High Street, Maidenhead, Berkshire, SL6 1JN, United Kingdom.
FUNTECH HQ LLP
Notes to the Accounts
for the year ended 31 August 2024
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
73,574
23,685
55,552
6,508
159,319
At 31 August 2024
73,574
23,685
55,552
6,508
159,319
At 1 September 2023
73,574
23,685
55,552
6,508
159,319
At 31 August 2024
73,574
23,685
55,552
6,508
159,319
At 31 August 2024
-
-
-
-
-
4
Investments
Subsidiary undertakings
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
4,036
4,036
6
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
(438,116)
(338,216)
Amounts falling due within one year
(438,116)
(338,216)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).