Premier Kickboxing Newton Abbott LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC423997

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets			-		5,500
Tangible Assets			-		16,375

			-		21,875
CURRENT ASSETS
Stocks	4	3,892		3,200
Debtors	5	30,372		50,000
Cash at bank and in hand		508		2,320

		34,772		55,520
Creditors: Amounts Falling Due Within One Year	6	(6,440 )		(25,092 )

NET CURRENT ASSETS (LIABILITIES)			28,332		30,428

TOTAL ASSETS LESS CURRENT LIABILITIES			28,332		52,303

Creditors: Amounts Falling Due After More Than One Year	7		(10,729 )		(18,190 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			17,603		34,113

REPRESENTED BY:
Loans and other debts due to members
Other amounts		-		16,510

			-		16,510

Equity
Members' other interests
Other reserves		17,603		17,603

			17,603		17,603

			17,603		34,113

TOTAL MEMBERS' INTEREST
Amounts due from members			(30,372)		-
Loans and other debts due to members			-		16,510
Members' other interests			17,603		17,603

			(12,769)		34,113

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Premier Kickboxing Newton Abbott LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs Nuala McDowell

Designated Member

12 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Premier Kickboxing Newton Abbott LLP is a limited liability partnership, incorporated in England & Wales, registered number OC423997 . The Registered Office is Unit 24 Olympus Business Park, Kingsteignton Road, Newton Abbot, Devon, TQ12 2SN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Statement of Recommended Practice: Accounting by Limited Liability Partnerships.

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

The LLP's functional and presentational currency is Pound Sterling (GBP).

The financial statements cover the year ended 31 March 2025 and have been prepared from reconstructed accounting records derived principally from underlying bank statements, supporting schedules and information provided by the LLP members.

2.2. Going Concern Disclosure

The members have considered the LLP's financial position, cash resources and anticipated future trading activity for a period of at least twelve months from the date of approval of these financial statements.

Whilst the LLP operates with relatively low cash reserves, the members expect the business to continue trading and generating recurring income from membership fees, grading activities and merchandise sales. Accordingly, the members consider it appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Revenue represents amounts receivable in the ordinary course of business, excluding value added tax.

Membership and tuition income, grading fees, registration fees and joining fees are recognised in the period in which the underlying service is provided.

Revenue arising from the sale of merchandise, uniforms and equipment is recognised when control of the goods passes to the customer.

Income is measured at the amount receivable and is recognised only where it is probable that the economic benefits associated with the transaction will flow to the LLP and the amount can be measured reliably.

Interest income is recognised using the effective interest method and is included within finance income.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost comprises purchase cost together with any directly attributable costs incurred in bringing the inventory to its present location and condition.

The cost of stock is determined using the purchase prices paid to suppliers.

Provision is made for damaged, obsolete or slow-moving stock where the carrying value exceeds the amount expected to be realised through sale.

Stocks are recognised within current assets and are reviewed at each reporting date for evidence of impairment or obsolescence.

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Premier Kickboxing Newton Abbott LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments

The LLP has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102.

Basic financial assets and liabilities are initially recognised at transaction price. Financial assets include cash at bank and other receivables. Financial liabilities include loans, trade creditors, accrued liabilities, VAT liabilities and amounts due to members.

After initial recognition, basic financial instruments are measured at amortised cost using the effective interest method where applicable.

Cash and cash equivalents comprise balances held at UK banking institutions and are measured at face value.

Financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument and are derecognised when the obligation is discharged, cancelled or expires.

2.6. Taxation

The LLP is not subject to corporation tax on profits arising from its trading activities.

Profits and losses are allocated to members and are taxed as part of the individual members' tax affairs.

Accordingly, no corporation tax charge is recognised within the financial statements.

Deferred taxation is not recognised because the LLP is not subject to taxation at entity level on trading profits.

2.7. LLP members' interests

Members' interests are classified between debt and equity in accordance with the substance of the underlying arrangement and the requirements applicable to limited liability partnerships.

Profits available for discretionary division among members are recognised within members' interests and are not recognised as an expense in the profit and loss account.

Drawings made by members are recognised as reductions in members' interests. Where drawings exceed balances standing to the credit of members, the excess is recognised as an amount due from members.

Where amounts become payable to members and meet the definition of a liability, they are recognised within loans and other debts due to members.

Amounts due to members in respect of reimbursable business expenditure are recognised as liabilities and measured at the amount payable.

Members' interests are presented separately between amounts classified as equity and amounts classified as debt where required by the LLP reporting framework.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	3,892	3,200

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	30,372	50,000

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Premier Kickboxing Newton Abbott LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	(1 )	-
Other creditors	-	20,750
Taxation and social security	6,441	4,342

	6,440	25,092

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	10,729	18,190

8. Post Balance Sheet Events

No events have occurred after the balance sheet date that require disclosure in accordance with FRS 102.

9. Related Party Transactions

During the year the members made drawings from the LLP in the ordinary course of business.

At 31 March 2025, balances due to or from members are reflected within the members' interests disclosures.

No other related party transactions requiring separate disclosure under FRS 102 Section 33 were identified.

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