0 false false false false false false false false false false false false false false false false false 2024-04-06 Sage Accounts Production Advanced 2024 - FRS102_2024 15,563 3,161 18,724 8,343 2,391 10,734 7,990 7,220 7,650 7,650 7,650 7,650 xbrli:pure xbrli:shares iso4217:GBP OC425325 2024-04-06 2025-04-05 OC425325 2025-04-05 OC425325 2024-04-05 OC425325 2023-04-06 2024-04-05 OC425325 2024-04-05 OC425325 2023-04-05 OC425325 bus:RegisteredOffice 2024-04-06 2025-04-05 OC425325 bus:Director1 2024-04-06 2025-04-05 OC425325 bus:Director2 2024-04-06 2025-04-05 OC425325 core:WithinOneYear 2025-04-05 OC425325 core:WithinOneYear 2024-04-05 OC425325 core:CostValuation core:Non-currentFinancialInstruments 2025-04-05 OC425325 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2025-04-05 OC425325 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-04-05 OC425325 core:Non-currentFinancialInstruments 2024-04-05 OC425325 bus:SmallEntities 2024-04-06 2025-04-05 OC425325 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 OC425325 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 OC425325 bus:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 OC425325 bus:FullAccounts 2024-04-06 2025-04-05 OC425325 core:OfficeEquipment 2024-04-06 2025-04-05 OC425325 core:OfficeEquipment 2024-04-05 OC425325 core:OfficeEquipment 2025-04-05
REGISTERED NUMBER: OC425325
Light 79 LLP
Filleted Unaudited Financial Statements
5 April 2025
Light 79 LLP
Financial Statements
Year ended 5 April 2025
Contents
Page
Members' report
1
Statement of financial position
2
Notes to the financial statements
4
Light 79 LLP
Members' Report
Year ended 5 April 2025
The members present their report and the unaudited financial statements of the LLP for the year ended 5 April 2025 .
Principal activities
The LLPs principal activity during the year was Business and Technology Consultancy.
Designated members
The designated members who served the LLP during the year were as follows:
Mr A Unitt
Mrs S Unitt
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 13 August 2025 and signed on behalf of the members by:
Mr A Unitt
Mrs S Unitt
Designated Member
Designated Member
Registered office:
Camburgh House
27 New Dover Road
Canterbury
Kent
United Kingdom
CT1 3DN
Light 79 LLP
Statement of Financial Position
5 April 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
7,990
7,220
Investments
6
7,650
-------
--------
7,990
14,870
Current assets
Debtors
7
46,447
54,206
Cash at bank and in hand
2,212
1,087
--------
--------
48,659
55,293
Creditors: amounts falling due within one year
8
3,224
2,387
--------
--------
Net current assets
45,435
52,906
--------
--------
Total assets less current liabilities
53,425
67,776
--------
--------
Net assets
53,425
67,776
--------
--------
Represented by:
Loans and other debts due to members
Other amounts
9
53,425
67,776
--------
--------
Members' other interests
Other reserves
--------
--------
53,425
67,776
--------
--------
Total members' interests
Loans and other debts due to members
9
53,425
67,776
Members' other interests
--------
--------
53,425
67,776
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the year ending 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
Light 79 LLP
Statement of Financial Position (continued)
5 April 2025
These financial statements were approved by the members and authorised for issue on 13 August 2025 , and are signed on their behalf by:
Mr A Unitt
Mrs S Unitt
Designated Member
Designated Member
Registered number: OC425325
Light 79 LLP
Notes to the Financial Statements
Year ended 5 April 2025
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is discretionary on the part of the LLP.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of employees during the period, included the members, amounted to 2 (2024: 2).
5.
Tangible assets
Equipment
£
Cost
At 6 April 2024
15,563
Additions
3,161
--------
At 5 April 2025
18,724
--------
Depreciation
At 6 April 2024
8,343
Charge for the year
2,391
--------
At 5 April 2025
10,734
--------
Carrying amount
At 5 April 2025
7,990
--------
At 5 April 2024
7,220
--------
6.
Investments
Other investments other than loans
£
Cost
At 6 April 2024 and 5 April 2025
7,650
-------
Impairment
At 6 April 2024
Impairment losses
7,650
-------
At 5 April 2025
7,650
-------
Carrying amount
At 5 April 2025
-------
At 5 April 2024
7,650
-------
7.
Debtors
2025
2024
£
£
Trade debtors
17,649
Other debtors
46,447
36,557
--------
--------
46,447
54,206
--------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
56
135
Social security and other taxes
773
Credit card
1,668
( 21)
Other creditors
1,500
1,500
-------
-------
3,224
2,387
-------
-------
9.
Loans and other debts due to members
2025
2024
£
£
Amounts owed to members in respect of profits
53,425
67,776
--------
--------