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Registered Number: OC365216
England and Wales

 

 

 

G FORCE MARTIAL ARTS SCHOOL LLP



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Chartered Accountants report to the members of G Force Martial Arts School LLP LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of G Force Martial Arts School LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the LLPs accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of G Force Martial Arts School LLP, as a body, in accordance with the terms of our engagement letter dated 18 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of G Force Martial Arts School LLP and state those matters that we have agreed to state to the members of G Force Martial Arts School LLP, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G Force Martial Arts School LLP and its members as a body, for our work or for this report.

It is your duty to ensure that G Force Martial Arts School LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G Force Martial Arts School LLP. You consider that G Force Martial Arts School LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G Force Martial Arts School LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
18 June 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 4 12,921    17,203 
Investments 5 51    1 
12,972    17,204 
Current assets      
Stocks 400    400 
Debtors: amounts falling due within one year 110,570    115,561 
Cash at bank and in hand 1,841    50,067 
112,811    166,028 
Creditors: amount falling due within one year (131,352)   (187,136)
Net current assets (18,541)   (21,108)
 
Total assets less current liabilities (5,569)   (3,904)
Creditors: amount falling due after more than one year (128,949)   (94,359)
Provisions for liabilities (247)  
Net assets (134,765)   (98,263)
 

Represented by:
Amounts due from members (104,324)   (74,990)
Members' other interest
Other reserves (30,441)   (23,273)
(30,441)   (23,273)

(134,765)   (98,263)
 

Total members' interests
Amounts due from members 6 (104,324)   (74,990)
Members' other interests (30,441)   (23,273)
(134,765)   (98,263)
 


For the year ending 31 March 2025 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 LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 18 June 2025
2
General Information
G Force Martial Arts School LLP is a limited liability partnership, registered in England and Wales, registration number OC365216, registration address 5 Blenheim Court, Peppercorn Close, Peterborough, Cambs, PE1 2DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The Proprietors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 20% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 12 (2024 : 6).
3.

Financial Commitments, Guarantees and Contingencies

The Limited Liability Partnership is a party to a counterpart lease agreement in relation to it being the guarantor.  At the balance sheet date the total lease commitment per the agreement amounted to £341,083 (2021: £376,833).

4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 April 2024 3,452    2,718    20,000    3,513    5,797    35,480 
Additions          
Disposals         (398)   (398)
At 31 March 2025 3,452    2,718    20,000    3,513    5,399    35,082 
Depreciation
At 01 April 2024 2,418    754    8,750    1,902    4,453    18,277 
Charge for year 207    295    2,813    403    385    4,103 
On disposals         (219)   (219)
At 31 March 2025 2,625    1,049    11,563    2,305    4,619    22,161 
Net book values
Closing balance as at 31 March 2025 827    1,669    8,437    1,208    780    12,921 
Opening balance as at 01 April 2024 1,034    1,964    11,250    1,611    1,344    17,203 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2024 1    1 
Additions 50    50 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2025 51    51 

6.

Members' Interests

Other reserves   Loans and other debts due to members less any amounts due from members included in debtors   Total
Balance at 01 April 2024   (98,263)   (98,263)
Profit for the period available for discretionary division among members (30,441)     (30,441)
Members' interests after profit for the period (30,441)   (98,263)   (128,704)
Drawings   (6,061)   (6,061)
Balance at 31 March 2025 (30,441)   (104,324)   (134,765)
 



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