Pro Taekwon-Do LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC435095

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,114		41,258

			31,114		41,258
CURRENT ASSETS
Stocks	5	7,800		8,513
Cash at bank and in hand		11,012		21,565

		18,812		30,078
Creditors: Amounts Falling Due Within One Year	6	(14,232 )		(18,199 )

NET CURRENT ASSETS (LIABILITIES)			4,580		11,879

TOTAL ASSETS LESS CURRENT LIABILITIES			35,694		53,137

Creditors: Amounts Falling Due After More Than One Year	7		(29,851 )		(39,854 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			5,843		13,283

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(40,669)		(42,217)
Other reserves		46,512		55,500

			5,843		13,283

TOTAL MEMBERS' INTEREST
Members' other interests			5,843		13,283

			5,843		13,283

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Pro Taekwon-Do LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 applicable to LLPs subject to the small LLPs regime.)

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 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 taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Andrew Charles Lloyd Whiteley

Designated Member

16/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pro Taekwon-Do LLP is a limited liability partnership, incorporated in England & Wales, registered number OC435095 . The Registered Office is 1 Peach Street, Wokingham, RG40 1XJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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.

2.3. Tangible Fixed Assets and 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:

Plant & Machinery	25% Straight line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

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Pro Taekwon-Do LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	2,365	41,893	1,008	45,266
Additions	519	-	-	519

As at 31 March 2025	2,884	41,893	1,008	45,785

Depreciation
As at 1 April 2024	1,138	2,618	252	4,008
Provided during the period	592	9,819	252	10,663

As at 31 March 2025	1,730	12,437	504	14,671

Net Book Value
As at 31 March 2025	1,154	29,456	504	31,114

As at 1 April 2024	1,227	39,275	756	41,258

5. Stocks

	2025	2024
	£	£
Stock	7,800	8,513

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,178	7,178
Trade creditors	454	4,421
Bank loans and overdrafts	6,600	6,600

	14,232	18,199

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,260	30,983
Bank loans	2,591	8,871

	29,851	39,854

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,178	7,178
Later than one year and not later than five years	27,260	30,983

	34,438	38,161

	34,438	38,161

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