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Break Off Mark I Llp
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Notes to the financial statements
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for the year ended 31 March 2025
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1
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General information
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Break Off Mark I Llp is a limited liability partnership registered in England and Wales. Its registered
number is OC414343. Its registered office is 57 Stanley Road, Oxford, Oxfordshire, OX4 1QY.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102
“The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the
provisions of Section 1A “Small Entities” and the requirements of the Statement of Recommended
Practice, Accounting by Limited Liability Partnerships and the Companies Act 2006 as applied to LLPs
by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
Regulations 2008. The financial statements have been prepared under the historic cost convention.
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Going concern
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In preparing these financial statements, the members have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue
as a going concern. In making this assessment, the members take into account all available information
about the future which is at least 12 months from the date that the financial statements are authorised
for issue.
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The members consider that the LLP has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
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Members' transactions with the LLP
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Transactions with members, including capital contributions, drawings, and loans, are recorded in the
members' capital accounts and disclosed separately in the financial statements. Interest on member
loans, where applicable, is accounted for on an accruals basis.
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3
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Average number of employees
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During the year the average number of employees was Nil (2024 - Nil).
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3
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