AMAAMS LLP

(Registration number: OC372565)
Abridged Balance Sheet as at 28 February 2025

The financial statements of AMAAMS LLP (registered number OC372565) were approved by the Board and authorised for issue on 18 November 2025. They were signed on behalf of the limited liability partnership by:

......................................... Mr Alastair Moore Designated member

......................................... Mrs Ashley Moore Designated member

AMAAMS LLP

Statement of Changes in Members’ Interests
At 28 February 2025

	Loans and other debts due to/(from) members
	Members' capital classified as a liability £	Total debt £	Total 2025 £
Members' interest at 1 March 2024	14,612	14,612	14,612
Profit for the financial year available for discretionary division among members	8,847	8,847	8,847
Members' interests after total comprehensive income	23,459	23,459	23,459
Members’ capital introduced	12,988	12,988	12,988
At 28 February 2025	36,447	36,447	36,447

	Loans and other debts due to/(from) members
	Members' capital classified as a liability £	Total debt £	Total 2024 £
Members' interest at 1 March 2023	256	256	256
Profit for the financial year available for discretionary division among members	28,914	28,914	28,914
Members' interests after total comprehensive income	29,170	29,170	29,170
Members’ capital introduced	4,500	4,500	4,500
Drawings (including tax payments)	(19,057)	(19,057)	(19,057)
At 29 February 2024	14,613	14,613	14,613

AMAAMS LLP

Notes to the Abridged Financial Statements for the Year Ended 28 February 2025

1	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 abridged 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 england 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 abridged 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 AMAAMS 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

AMAAMS LLP

Notes to the Abridged Financial Statements for the Year Ended 28 February 2025

Asset class	Depreciation method and rate
Office equipment	33% straight line
Furniture and fittings	20% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

AMAAMS LLP

Notes to the Abridged Financial Statements for the Year Ended 28 February 2025

Members' interests

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 FRS102, A members participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classified as liabilities unless the LLP has an unconditional right to refuse payments to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and where such an amount relates to current year profits, they are recognised within 'Members remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members other interests' . Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has unconditional rights to refuse payment, such profits are classed as appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Income Statement and are equity appropriations in the Statement of Financial Position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other division of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

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 Profit and Loss Account 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'.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2024 - 2).

AMAAMS LLP

Notes to the Abridged Financial Statements for the Year Ended 28 February 2025

3	Tangible fixed assets

	Total £
Cost
At 1 March 2024	3,160
Additions	1,221
At 28 February 2025	4,381
Depreciation
At 1 March 2024	1,707
Charge for the year	687
At 28 February 2025	2,394
Net book value
At 28 February 2025	1,987
At 29 February 2024	1,453

4

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.