Limited Liability Partnership registration number OC455566 (England and Wales)
Alphas Swim School LLP
Annual report and unaudited financial statements
For the period ended 31 March 2026
Alphas Swim School LLP
Contents
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 8
Alphas Swim School LLP
Accountants' report to the members on the preparation of the the unaudited statutory FINANCIAL STATEMENTS of Alphas Swim School LLP for the PERIOD ended 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alphas Swim School LLP for the period ended 31 March 2026 which comprise, the balance sheet and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the limited liability partnership's members of Alphas Swim School LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Alphas Swim School LLP and state those matters that we have agreed to state to the limited liability partnership's members of Alphas Swim School LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alphas Swim School LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Alphas Swim School LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alphas Swim School LLP. You consider that Alphas Swim School LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Alphas Swim School LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

DJH Chester Limited
Accountants
Chester House
Lloyd Drive
Cheshire Oaks Business Park
Ellesmere Port
England
CH65 9HQ
21 August 2026
Alphas Swim School LLP
Balance sheet
As at 31 March 2026
- 2 -
2026
Notes
£
£
Fixed assets
Intangible assets
4
319,294
Tangible assets
5
657
319,951
Current assets
Debtors
6
1,056
Cash at bank and in hand
55,221
56,277
Creditors: amounts falling due within one year
7
(94,849)
Net current liabilities
(38,572)
Total assets less current liabilities
281,379
Creditors: amounts falling due after more than one year
8
(135,671)
Net assets attributable to members
145,708
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
145,708
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members
145,708

For the financial period ended 31 March 2026 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 21 August 2026 and are signed on their behalf by:
21 August 2026
Mr S Ali
Miss R A White
Designated member
Designated Member
Limited Liability Partnership registration number OC455566 (England and Wales)
Alphas Swim School LLP
Notes to the FINANCIAL STATEMENTS
For the period ended 31 March 2026
- 3 -
1
Accounting policies
Limited liability partnership information

Alphas Swim School LLP is a limited liability partnership incorporated in England and Wales. The registered office is Chester House, Lloyd Drive, Cheshire Oaks Business Park, Ellesmere Port, England, CH65 9HQ.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Reporting period

The LLP was incorporated on 18 February 2025. These accounts cover the extended period from the date of incorporation up to 31 March 2026. As a result, the future comparative amounts presented in financial statements will not be be entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in May 2024, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Alphas Swim School LLP
Notes to the FINANCIAL STATEMENTS (continued)
For the period ended 31 March 2026
1
Accounting policies
(Continued)
- 4 -
1.4
Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the m embers' 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. M ember s' participation rights, including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. [ Amounts payable to members under employment contracts and unavoidable interest on members capital are charged to "M embers' remuneration charged as an expense” in the relevant year. ]

1.5
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with purchase of the franchise in June 2025, is being amortised evenly over its estimated useful life of ten years.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchise fee
20% on cost
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Alphas Swim School LLP
Notes to the FINANCIAL STATEMENTS (continued)
For the period ended 31 March 2026
1
Accounting policies
(Continued)
- 5 -
1.8
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Alphas Swim School LLP
Notes to the FINANCIAL STATEMENTS (continued)
For the period ended 31 March 2026
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Alphas Swim School LLP
Notes to the FINANCIAL STATEMENTS (continued)
For the period ended 31 March 2026
- 7 -
3
Employees

The average number of persons (excluding members) employed by the partnership during the period was:

2026
Number
Total
11
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 18 February 2025
-
-
-
Additions
330,000
18,320
348,320
At 31 March 2026
330,000
18,320
348,320
Amortisation and impairment
At 18 February 2025
-
-
-
Amortisation charged for the period
26,125
2,901
29,026
At 31 March 2026
26,125
2,901
29,026
Carrying amount
At 31 March 2026
303,875
15,419
319,294
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 18 February 2025
-
Additions
736
At 31 March 2026
736
Depreciation and impairment
At 18 February 2025
-
Depreciation charged in the period
79
At 31 March 2026
79
Carrying amount
At 31 March 2026
657
Alphas Swim School LLP
Notes to the FINANCIAL STATEMENTS (continued)
For the period ended 31 March 2026
- 8 -
6
Debtors
2026
Amounts falling due within one year:
£
Other debtors
1,056
7
Creditors: amounts falling due within one year
2026
£
Bank loans
41,745
Trade creditors
5,587
Taxation and social security
1,008
Other creditors
46,509
94,849
8
Creditors: amounts falling due after more than one year
2026
£
Bank loans and overdrafts
135,671

The long-term loans are secured by fixed and floating charges over the assets of the company.

9
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

2026-03-31 2025-02-18 false false 21 August 2026 CCH Software CCH Accounts Production 2026.100 false OC455566 2025-02-18 2026-03-31 OC455566 2026-03-31 OC455566 bus:PartnerLLP1 2025-02-18 2026-03-31 OC455566 bus:PartnerLLP2 2025-02-18 2026-03-31 OC455566 bus:LimitedLiabilityPartnershipLLP 2025-02-18 2026-03-31 OC455566 bus:SmallCompaniesRegimeForAccounts 2025-02-18 2026-03-31 OC455566 bus:FRS102 2025-02-18 2026-03-31 OC455566 bus:AuditExemptWithAccountantsReport 2025-02-18 2026-03-31 OC455566 bus:FullAccounts 2025-02-18 2026-03-31 xbrli:pure xbrli:shares