Fusion Canterbury LLP - Filleted accounts

Registered number

OC328408

Fusion Canterbury LLP

Filleted Accounts

31 March 2025

Fusion Canterbury LLP
Registered number:		OC328408
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	45,291		47,231
Current assets
Debtors	4	151,379		153,896
Cash at bank and in hand		19,179		7,497
		170,558		161,393

Creditors: amounts falling due within one year	5	(730,086)		(632,879)

Net current liabilities		(559,528)		(471,486)

Total assets less current liabilities		(514,237)		(424,255)



Net liabilities attributable to members		(514,237)		(424,255)

Represented by:

Members' other interests
Members' capital classified as equity		2		2
Other reserves		(514,239)		(424,257)
		(514,237)		(424,255)

		(514,237)		(424,255)

Total members' interests
Members' other interests		(514,237)		(424,255)

		(514,237)		(424,255)

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.

These accounts were approved by the members on 20 December 2025 and signed on their behalf by:


W Poon
Designated member

Fusion Canterbury LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	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.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	15% of net book value
	Fixtures, fittings, tools and equipment	15% of net book value

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the LLP			12		9


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	34,297		86,608		120,905
	At 31 March 2025	34,297		86,608		120,905

	Depreciation
	At 1 April 2024	-		73,674		73,674
	Charge for the year	-		1,940		1,940
	At 31 March 2025	-		75,614		75,614

	Net book value
	At 31 March 2025	34,297		10,994		45,291
	At 31 March 2024	34,297		12,934		47,231


4	Debtors			2025		2024
£					£

	Amounts owed by group undertakings and undertakings in which the LLP has a participating interest			151,379		151,379
	Other debtors			-		2,517
				151,379		153,896


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			635,782		561,800
	Other taxes and social security costs			5,411		1,823
	Other creditors			88,893		69,256
				730,086		632,879


6	Other information

	Fusion Canterbury LLP is a limited liability partnership incorporated in England. Its registered office is:
	34 Croydon Road
	Caterham
	Surrey
	CR3 6QB
	34 Croydon Road
	Caterham
	Surrey
	CR3 6QB