Registered No. OC442179 (England and Wales)
Junction Theatre Academy Llp
Unaudited accounts
for the year ended 31 March 2026
Junction Theatre Academy Llp
LLP Information
for the year ended 31 March 2026
Designated members
Ms E Thomas
Registered Number
OC442179 (England and Wales)
Registered Office
c/o Vantage Accounting
1 Cedar Office Park
Cobham Road, Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SB
England
Junction Theatre Academy Llp
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
721
723
Net current assets
721
1,563
Net assets attributable to members
721
1,563
Loans and other debts due to members
12,197
7,824
Other reserves
(11,476)
(6,261)
Loans and other debts due to members
12,197
7,824
Members' other interests
(11,476)
(6,261)
For the year ending 31 March 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 12 April 2026.
Mr A Underwood
Designated member
Limited Liability Partnership Registration No. OC442179
Junction Theatre Academy Llp
Notes to the Accounts
for the year ended 31 March 2026
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 50 years
Plant & machinery
Over 5 years
Fixtures & fittings
Over 5 years
Other tangible fixed assets
over the lease term
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Junction Theatre Academy Llp
Notes to the Accounts
for the year ended 31 March 2026
Investments in subsidiaries, associates and joint ventures are measured at cost less any
accumulated impairment losses. Listed investments are measured at fair value. Unlisted
investments are measured at fair value unless the value cannot be measured reliably, in which
case they are measured at cost less any accumulated impairment losses. Changes in fair value
are included in the profit and loss account.
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.
All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.
Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Short term debtors are measured at transaction price (which is usually the invoice price), less
any impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised at transaction price including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for
bad and doubtful debts.
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.
Junction Theatre Academy Llp is a limited liability partnership, incorporated in England and Wales, registration number OC442179. Its registered office is c/o Vantage Accounting, 1 Cedar Office Park, Cobham Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7SB, England.
3
Loans and other debts due to members
2026
2025
Loans from members
12,197
7,824
Amounts falling due within one year
12,197
7,824
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Junction Theatre Academy Llp
Notes to the Accounts
for the year ended 31 March 2026
4
Average number of employees
During the year the average number of employees was 0 (2025: 0).