Seriously FUN Swimming Schools LLP

Registered Number: OC335006 Seriously FUN Swimming Schools LLP
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	39,667	42,940
Tangible fixed assets	4	241,114	267,592
		280,781	310,532
Current assets
Debtors	5	330	170
Cash at bank and in hand		3,152	88
		3,482	258
Creditors: amount falling due within one year	6	(50,677)	(88,594)
Net current assets		(47,195)	(88,336)

Total assets less current liabilities		233,586	222,196
Creditors: amount falling due after more than one year	7	(3,333)	(16,667)
Accruals and deferred income		(17,608)	-
Net assets		212,645	205,529

Represented by:
Loans and other debts due to members		212,645	205,529
Members' other interest
		-	-
		212,645	205,529

Total members' interests
Loans and other debts due to members		212,645	205,529
Members' other interests		-	-
		212,645	205,529

For the period ending 31 March 2025 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 financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006

These accounts were approved by the members and signed on their behalf by:

.............................................................................
J L Madden
Designated Member
Date approved by the members: 25 June 2026

Seriously FUN Swimming Schools LLP
Notes to the Financial Statements
For the Period 01 August 2024 to 31 March 2025

General Information

Seriously FUN Swimming Schools LLP is a limited liability partnership, registered in England and Wales, registration number OC335006, registration address C/O Seriously FUN Ltd 82A James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	15% Reducing Balance
Plant and Machinery	25% Reducing Balance

2.	Average number of employees Average number of employees during the period was 0 (2024 : 0).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 August 2024	185,500	185,500
Additions	-	-
Disposals	-	-
At 31 March 2025	185,500	185,500
Amortisation
At 01 August 2024	142,560	142,560
Charge for period	3,273	3,273
On disposals	-	-
At 31 March 2025	145,833	145,833
Net book values
At 31 March 2025	39,667	39,667
At 31 July 2024	42,940	42,940

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Total
	£	£	£
At 01 August 2024	524,029	7,988	532,017
Additions	-	445	445
Disposals	-	-	-
At 31 March 2025	524,029	8,433	532,462
Depreciation
At 01 August 2024	260,222	4,203	264,425
Charge for period	26,381	542	26,923
On disposals	-	-	-
At 31 March 2025	286,603	4,745	291,348
Net book values
Closing balance as at 31 March 2025	237,426	3,688	241,114
Opening balance as at 01 August 2024	263,807	3,785	267,592

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	330		170
	330		170

Creditors: amount falling due within one year

	2025 £	2024 £
Bank Loans & Overdrafts	23,895	61,317
Other Creditors	26,782	27,277
	50,677	88,594

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	3,333		16,667
	3,333		16,667

Registered Number: OC335006
England and Wales
Unaudited Financial Statements

for the period ended 31 March 2025
for
SERIOUSLY FUN SWIMMING SCHOOLS LLP