Ark Specialist Healthcare LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC366864

Ark Specialist Healthcare LLP

Filleted Unaudited Abridged Financial Statements

31 March 2025

Ark Specialist Healthcare LLP

Abridged Financial Statements

Year ended 31 March 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Ark Specialist Healthcare LLP

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		51,675	37,375

Current assets

Debtors	290,092	299,709
Cash at bank and in hand	34,144	66,178
	---------	---------
	324,236	365,887

Creditors: amounts falling due within one year	330,680		390,171
	---------		---------
Net current liabilities		6,444	24,284
		--------	--------
Total assets less current liabilities		45,231	13,091

Creditors: amounts falling due after more than one year	2,651	13,091
	--------	--------
Net assets	42,580	–
	--------	--------

Represented by:

Loans and other debts due to members

Other amounts	6	42,580	–
		--------	----

Members' other interests

Other reserves	–	–
	--------	----
	42,580	–
	--------	----

Total members' interests

Amounts due from members		(148,334)	(214,859)
Loans and other debts due to members	6	42,580	–
Members' other interests		–	–
		---------	---------
		(105,754)	(214,859)
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the abridged statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the LLP 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 LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of abridged financial statements .

Ark Specialist Healthcare LLP

Abridged Statement of Financial Position (continued)

31 March 2025

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

These abridged financial statements were approved by the members and authorised for issue on 23 December 2025 , and are signed on their behalf by:

Mr A M Fearnehough

Designated Member

Registered number: OC366864

Ark Specialist Healthcare LLP

Notes to the Abridged Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The company's place of business is Advent House, 125 Bottom Boat Road, Stanley, Wakefield WF3 4AR.

2.	Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Revenue recognition

The turnover shown in the statement of comprehensive income represents residents' fees earned during the period.

Members' participation rights

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 FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the abridged statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the abridged statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the abridged statement of comprehensive income and are equity appropriations in the abridged 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 divisions 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 abridged statement of financial position within 'Loans and other debts due to members' and are charged to the abridged statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the abridged statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	10% reducing balance
Equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account within administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 31 (2024: 30 ).

5.	Tangible assets

	£
Cost
At 1 April 2024	54,596
Additions	28,932
Disposals	( 12,000)
	--------
At 31 March 2025	71,528
	--------
Depreciation
At 1 April 2024	17,221
Charge for the year	7,415
Disposals	( 4,783)
	--------
At 31 March 2025	19,853
	--------
Carrying amount
At 31 March 2025	51,675
	--------
At 31 March 2024	37,375
	--------

6.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	42,580	–
	--------	----

7.	Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	4,314	–
Later than 1 year and not later than 5 years	11,947	–
Later than 5 years	20,243	–
	--------	----
	36,504	–
	--------	----

8.	Related party transactions

Included within creditors is a balance of £133,758 (2024: £158,695) owed to an entity under common control. This balance is interest free, unsecured and repayable on demand.