Shin Gi Tai Martial Arts Academy LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC379583

Shin Gi Tai Martial Arts Academy LLP

Filleted Unaudited Financial Statements

31 March 2025

Shin Gi Tai Martial Arts Academy LLP

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Shin Gi Tai Martial Arts Academy LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	31,651	8,969
Investments	6	40,000	–
		--------	-------
		71,651	8,969

Current assets

Stocks		2,850	650
Debtors	7	3,545	19,807
Cash at bank and in hand		60,422	29,835
		--------	--------
		66,817	50,292

Creditors: amounts falling due within one year	8	93,724		58,763
		--------		--------
Net current liabilities			26,907	8,471
			--------	-------
Total assets less current liabilities			44,744	498
			--------	----
Net assets			44,744	498
			--------	----

Represented by:

Loans and other debts due to members

Other amounts	9	44,744	498
		--------	----

Members' other interests

Other reserves	–	–
	--------	----
	44,744	498
	--------	----

Total members' interests

Amounts due from members		–	(17,720)
Loans and other debts due to members	9	44,744	498
Members' other interests		–	–
		--------	--------
		44,744	(17,222)
		--------	--------

These 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 statement of comprehensive income has not been delivered.

Shin Gi Tai Martial Arts Academy LLP

Statement of Financial Position (continued)

31 March 2025

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 financial statements .

These financial statements were approved by the members and authorised for issue on 17 December 2025 , and are signed on their behalf by:

B R Andrews

Designated Member

Registered number: OC379583

Shin Gi Tai Martial Arts Academy LLP

Notes to the 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2.	Statement of compliance

These 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

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 is discretionary on the part of the LLP.

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:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 6 (2024: 8 ).

5.	Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	8,508	8,882	12,204	25,892	55,486
Additions	3,100	1,683	24,787	1,776	31,346
Disposals	–	–	( 9,704)	–	( 9,704)
	--------	--------	--------	--------	--------
At 31 March 2025	11,608	10,565	27,287	27,668	77,128
	--------	--------	--------	--------	--------
Depreciation
At 1 April 2024	8,508	7,214	6,607	24,188	46,517
Charge for the year	229	761	3,763	985	5,738
Disposals	–	–	( 6,778)	–	( 6,778)
	--------	--------	--------	--------	--------
At 31 March 2025	8,737	7,975	3,592	25,173	45,477
	--------	--------	--------	--------	--------
Carrying amount
At 31 March 2025	2,871	2,590	23,695	2,495	31,651
	--------	--------	--------	--------	--------
At 31 March 2024	–	1,668	5,597	1,704	8,969
	--------	--------	--------	--------	--------

6.	Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	–
Additions	40,000
	--------
At 31 March 2025	40,000
	--------
Impairment
At 1 April 2024 and 31 March 2025	–
	--------

Carrying amount
At 31 March 2025	40,000
	--------
At 31 March 2024	–
	--------

7.	Debtors

	2025	2024
	£	£
Trade debtors	1,335	774
Other debtors	2,210	19,033
	-------	--------
	3,545	19,807
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	69
Social security and other taxes	2,311	122
Other creditors	91,413	58,572
	--------	--------
	93,724	58,763
	--------	--------

9.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	44,744	498
	--------	----

10.	Related party transactions

At year end, the company was owed £964 (2024: £964) by a related party.