Registered number
OC385701
Candyfloss Maintenance Services LLP
Filleted Accounts
31 March 2025
Candyfloss Maintenance Services LLP
Registered number: OC385701
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 85,202 85,672
Current assets
Stocks 4,943 4,943
Debtors 4 6,508 15,013
11,451 19,956
Creditors: amounts falling due within one year 5 (6,774) (7,612)
Net current assets 4,677 12,344
Total assets less current liabilities 89,879 98,016
Creditors: amounts falling due after more than one year 6 (42,168) (50,377)
Net assets attributable to members 47,711 47,639
Represented by:
Loans and other debts due to members 7 47,711 47,639
47,711 47,639
Total members' interests
Loans and other debts due to members 7 47,711 47,639
47,711 47,639
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 2 June 2025 and signed on their behalf by:
T Bower
Designated member
Candyfloss Maintenance Services LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
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.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.
Division of profits
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
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 85,000 26,725 111,725
At 31 March 2025 85,000 26,725 111,725
Depreciation
At 1 April 2024 - 26,053 26,053
Charge for the year - 470 470
At 31 March 2025 - 26,523 26,523
Net book value
At 31 March 2025 85,000 202 85,202
At 31 March 2024 85,000 672 85,672
4 Debtors 2025 2024
£ £
Trade debtors 6,508 15,013
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,740 5,792
Other taxes and social security costs 2,034 1,820
6,774 7,612
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 42,168 50,377
7 Loans and other debts due to members 2025 2024
£ £
Amounts due to members in respect of profits 47,711 47,639
Amounts falling due within one year 47,711 47,639
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Candyfloss Maintenance Services LLP is a limited liability partnership incorporated in England. Its registered office is:
271 Larne Road
LINCOLN
LN5 9UA
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