Registration number:
Ada Partners LLP
for the Year Ended 31 March 2025
Ada Partners LLP
Limited liability partnership information
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Designated members |
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Registered office |
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Accountants |
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Ada Partners LLP
Statement of Members' Responsibilities for the Year Ended 31 March 2025
The members acknowledge their responsibilities for complying with the requirements of 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 with respect to accounting records and the preparation of accounts.
The Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008 require the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law as applied to LLPs the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that year. In preparing these financial statements, the members are required to:
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select suitable accounting policies and then apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Partnership will continue in business. |
The members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with 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, and in accordance with the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The members are responsible for the maintenance and integrity of the corporate and financial information included on the Limited Liability Partnership's website. It is important to bear in mind that legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Ada Partners LLP
(Registration number: OC423404)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Other amounts |
36,133 |
83,770 |
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Members’ other interests |
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Members' capital classified as equity |
30,000 |
30,000 |
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66,133 |
113,770 |
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Total members' interests |
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Loans and other debts due to members |
36,133 |
83,770 |
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Equity |
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66,133 |
113,770 |
Ada Partners LLP
(Registration number: OC423404)
Balance Sheet as at 31 March 2025
For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
Approved on behalf of the
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Ada Partners LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Ada Partners LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Revenue recognition
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency
Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation, and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Ada Partners LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
5 years |
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Computer Equipment |
3 years |
Pensions and other post retirement obligations
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss account as they become payable in accordance with the rules of the scheme.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Ada Partners LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
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Tangible fixed assets |
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Fixtures and fittings |
Office equipment |
Total |
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Cost |
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At 1 April 2024 |
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Additions |
- |
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Disposals |
- |
( |
( |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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Eliminated on disposals |
- |
( |
( |
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At 31 March 2025 |
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Net book value |
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At 31 March 2025 |
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At 31 March 2024 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
- |
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Amounts owed by group undertakings |
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Other debtors |
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Prepayments and accrued income |
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Total current trade and other debtors |
63,135 |
44,415 |
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Creditors: Amounts falling due within one year |
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2025 |
2024 |
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Trade creditors |
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Other creditors |
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Accruals and deferred income |
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Taxation and social security |
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Ada Partners LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
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Control |
The LLP was controlled throughout the period by its members.