REGISTERED NUMBER: OC420066 (England and Wales)

Report of the Members and

Financial Statements For The Year Ended 31 March 2025

for

Sportsmunchkins LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr J P Ting

Ms N Ting

REGISTERED OFFICE:

63 High Street

Chislehurst

Kent

BR7 5BE

REGISTERED NUMBER:

OC420066 (England and Wales)

ACCOUNTANTS:

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

CESSATION OF TRADING

The LLP ceased trading on 6 April 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of the care, education and well being of children.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J P Ting

Ms N Ting

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £284,558 profit).

MEMBERS' INTERESTS

During the period the members receive monthly drawings and from time to time, additional profit

distributions.

The policy for the level and timing of the additional members' remuneration is determined by the Board and

takes into account the partnership's cash requirements for operating and investment activities.The monthly

drawings represent payments on account of current year remuneration and may be reclaimable from

members

until profits have been allocated.

Profits are allocated as agreed between the partners, in accordance with the members agreement.

ON BEHALF OF THE MEMBERS:

Mr J P Ting - Designated member

16 December 2025

TURNOVER

-

1,287,604

Cost of sales

-

481,573

GROSS PROFIT

-

806,031

Administrative expenses

-

521,473

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

284,558

FIXED ASSETS

Tangible assets

5

-

19,587

CURRENT ASSETS

Stocks

-

31,280

Debtors

6

2,170

101,941

Cash at bank

15,093

531,201

17,263

664,422

CREDITORS

Amounts falling due within one year

7

17,263

669,982

NET CURRENT LIABILITIES

-

(5,560

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

14,027

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

-

14,027

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

-

14,027

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2025 and were signed by:

Mr J P Ting - Designated member

1.	STATUTORY INFORMATION

Sportsmunchkins LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 81 ).

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

-

5,401

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

32,077

Disposals

(32,077

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

12,490

Eliminated on disposal

(12,490

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

19,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,170

-

Other debtors

-

101,941

2,170

101,941

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

489,600

Taxation and social security

-

6,842

Other creditors

17,263

173,540

17,263

669,982

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members rank equally alongside the other unsecured creditors.