4 false false false false false false false false false false false false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2025 - FRS102_2025 15,000 8,750 2,750 11,500 3,500 6,250 32,730 18,952 1,895 20,847 11,883 13,778 xbrli:pure xbrli:shares iso4217:GBP OC378909 2024-04-01 2025-03-31 OC378909 2025-03-31 OC378909 2024-03-31 OC378909 2023-05-01 2024-03-31 OC378909 2024-03-31 OC378909 2023-04-30 OC378909 core:NetGoodwill 2024-04-01 2025-03-31 OC378909 bus:Director1 2024-04-01 2025-03-31 OC378909 core:NetGoodwill 2024-03-31 OC378909 core:NetGoodwill 2025-03-31 OC378909 core:WithinOneYear 2025-03-31 OC378909 core:WithinOneYear 2024-03-31 OC378909 core:NetGoodwill 2024-03-31 OC378909 bus:SmallEntities 2024-04-01 2025-03-31 OC378909 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC378909 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC378909 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC378909 bus:FullAccounts 2024-04-01 2025-03-31 OC378909 core:OfficeEquipment 2024-04-01 2025-03-31 OC378909 core:OfficeEquipment 2025-03-31 OC378909 core:OfficeEquipment 2024-03-31
REGISTERED NUMBER: OC378909
CHARMAX LLP
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
CHARMAX LLP
FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
CHARMAX LLP
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Intangible assets
5
3,500
6,250
Tangible assets
6
11,883
13,778
--------
--------
15,383
20,028
Current assets
Debtors
7
255,006
149,340
Cash at bank and in hand
46,200
144,402
---------
---------
301,206
293,742
Creditors: amounts falling due within one year
8
119,984
286,893
---------
---------
Net current assets
181,222
6,849
---------
--------
Total assets less current liabilities
196,605
26,877
---------
--------
Net assets
196,605
26,877
---------
--------
Represented by:
Loans and other debts due to members
Other amounts
9
196,605
26,877
---------
--------
Members' other interests
Other reserves
–
–
---------
--------
196,605
26,877
---------
--------
Total members' interests
Amounts due from members
(94,016)
–
Loans and other debts due to members
9
196,605
26,877
Members' other interests
–
–
---------
--------
102,589
26,877
---------
--------
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.
CHARMAX LLP
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
For the year ending 31st 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 27 December 2025 , and are signed on their behalf by:
M.C. Mason
Designated Member
Registered number: OC378909
CHARMAX LLP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2025
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Unit 105 154-160, Fleet Street, Blackfriars, London, EC4A 2DQ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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).
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Equipment
-
15% 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.
4.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 4 (2024: 2 ).
5.
Intangible assets
Goodwill
£
Cost
At 1st April 2024 and 31st March 2025
15,000
--------
Amortisation
At 1st April 2024
8,750
Charge for the year
2,750
--------
At 31st March 2025
11,500
--------
Carrying amount
At 31st March 2025
3,500
--------
At 31st March 2024
6,250
--------
6.
Tangible assets
Equipment
Total
£
£
Cost
At 1st April 2024 and 31st March 2025
32,730
32,730
--------
--------
Depreciation
At 1st April 2024
18,952
18,952
Charge for the year
1,895
1,895
--------
--------
At 31st March 2025
20,847
20,847
--------
--------
Carrying amount
At 31st March 2025
11,883
11,883
--------
--------
At 31st March 2024
13,778
13,778
--------
--------
7.
Debtors
2025
2024
£
£
Trade debtors
102,925
100,058
Other debtors
152,081
49,282
---------
---------
255,006
149,340
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,765
3,557
Social security and other taxes
–
508
Other creditors
117,219
282,828
---------
---------
119,984
286,893
---------
---------
9.
Loans and other debts due to members
2025
2024
£
£
Amounts owed to members in respect of profits
196,605
26,877
---------
--------