Limited Liability Partnership registration number OC451537 (England and Wales)
IT'S A SUNDAY LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 23RD MARCH 2024 TO 31ST MARCH 2025
PAGES FOR FILING WITH REGISTRAR
IT'S A SUNDAY LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
IT'S A SUNDAY LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
7,303
Current assets
Debtors
4
625,148
Cash at bank and in hand
1,740,329
2,365,477
Creditors: amounts falling due within one year
5
(517,322)
Net current assets
1,848,155
Total assets less current liabilities and net assets attributable to members
1,855,458
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
1,855,458

For the financial Period ended 31 March 2025 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

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.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 3 December 2025 and are signed on their behalf by:
03 December 2025
Mr L Faulkner
Designated member
Limited Liability Partnership registration number OC451537 (England and Wales)
IT'S A SUNDAY LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information

It's a Sunday LLP is a limited liability partnership incorporated in England and Wales. The registered office is First Floor, 14-15 Berners Street, London, W1T 3LJ.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents the amounts net of VAT for services provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The limited liability partnership only has basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless

the arrangement constitutes a financing transaction

IT'S A SUNDAY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the Period was:

2025
Number
Total
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 23 March 2024
-
Additions
9,738
At 31 March 2025
9,738
Depreciation and impairment
At 23 March 2024
-
Depreciation charged in the Period
2,435
At 31 March 2025
2,435
Carrying amount
At 31 March 2025
7,303
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
279,730
Other debtors
345,418
625,148
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
331,739
Taxation and social security
181,633
Other creditors
3,950
517,322
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