Registered No. OC390336 (England and Wales)
Masters Academy LLP
Unaudited accounts
for the year ended 31 March 2025
Masters Academy LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mr James Evans-Nicolle
Registered Number
OC390336 (England and Wales)
Registered Office
23 Lower Swaines Road
Epping
Essex
CM16 5ER
Accountants
Baskin Walsh Ltd
Suite 215, Loughton Seedbed Centre
Langston Road
Loughton
Essex
IG10 3TQ
Masters Academy LLP
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
15,738
13,947
Creditors: amounts falling due within one year
(9,445)
(8,884)
Net current assets
10,383
9,241
Total assets less current liabilities
10,458
9,199
Creditors: amounts falling due after more than one year
(29,167)
(34,722)
Net liabilities attributable to members
(18,709)
(25,523)
Loans and other debts due to members
(18,709)
(25,523)
Loans and other debts due to members
(18,709)
(25,523)
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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 18 September 2025.
Mr James Evans-Nicolle
Designated member
Limited Liability Partnership Registration No. OC390336
Masters Academy LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Straight Line
Masters Academy LLP is a limited liability partnership, incorporated in England and Wales, registration number OC390336. Its registered office is 23 Lower Swaines Road, Epping, Essex, CM16 5ER.
3
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
3,459
2,498
5,957
At 31 March 2025
3,459
2,498
5,957
At 1 April 2024
3,722
2,277
5,999
Charge for the year
(338)
221
(117)
At 31 March 2025
3,384
2,498
5,882
At 31 March 2024
(263)
221
(42)
4
Creditors: amounts falling due within one year
2025
2024
Taxes and social security costs
8,463
7,934
Masters Academy LLP
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due after more than one year
2025
2024
6
Loans and other debts due to members
2025
2024
Loans from members
(18,709)
(25,523)
Amounts falling due within one year
(18,709)
(25,523)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).