The Performing Arts Theatre Academy LLP iXBRL

The Performing Arts Theatre Academy LLP

Unaudited Financial Statements

for the financial year ended 31 March 2026

The Performing Arts Theatre Academy LLP

MEMBERS AND OTHER INFORMATION

Members	R Hollands
	Z Mitchener


Limited Liability Partnership Number	OC452124


Registered Office and Business Address	L2 The Grainstore
	Shaftesbury Lane
	Blandford Forum
	Dorset
	DT11 7EG


Accountants	Smith & Co
	Chartered Certified Accountants
	1-3-5 The Barracks
	White Cross
	Lancaster
	Lancashire
	LA1 4XQ

The Performing Arts Theatre Academy LLP

STATEMENT OF MEMBERS' RESPONSIBILITIES IN RESPECT OF THE MEMBERS’ REPORT AND THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General responsibilities

The members are responsible for preparing the Members’ Report and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard. Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Limited Liability Partnership and of the profit or loss of the Limited Liability Partnership for that period.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the Limited Liability Partnership's transactions and disclose with reasonable accuracy at any time the financial position of the Limited Liability Partnership and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The members are also responsible for safeguarding the assets of the Limited Liability Partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the limited liability partnership website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members' declaration on unaudited financial statements

In relation to the financial statements comprising the Statement of Financial Position and related notes, including a summary of significant accounting policies set out in note 2.

The members approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the Limited Liability Partnership will continue in business.

The members confirm that they have made available to Smith & Co, Chartered Certified Accountants, all the Limited Liability Partnership's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

The members confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the Limited Liability Partnership for the financial year ended 31 March 2026.

Approved by the members on 9 October 2026

and signed on behalf of the members



__________________________________
R Hollands
Designated Member

The Performing Arts Theatre Academy LLP

Limited Liability Partnership Number: OC452124

STATEMENT OF FINANCIAL POSITION

as at 31 March 2026


		2026	2025
	Notes	£	£

Non-Current Assets

Property, plant and equipment

245

─────────

Current Assets

Debtors

1,798

Cash at bank and in hand

8,611

738

─────────

10,409

738

Creditors: Amounts falling due within one year

(4,605)

(677)

─────────

Net Current Assets

5,804

─────────

Net assets attributable to members

6,049

═════════

Represented By:

Loans and other debts due to members within one year

Other amounts

4,948

(12,854)

Members' other interests

Members' capital classified as equity

1,101

12,915

─────────

6,049

═════════

Total Members' Interests

Loans and other debts due to members

4,948

(12,854)

Members' other interests

1,101

12,915

─────────

6,049

═════════

The Limited Liability Partnership has taken advantage of the exemption under section 444 not to file the Income Statement.

For the financial year ended 31 March 2026 the Limited Liability Partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as modified by Regulation 34 of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for ensuring that the Limited Liability Partnership keeps accounting records which comply with Section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the Limited Liability Partnership as at the end of the financial year and of its profit and loss for the financial year then ended in accordance with Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Limited Liability Partnership.

These financial statements have been prepared in accordance with the special provisions relating to small Limited Liability Partnership within Part 15 of the Companies Act 2006 (as applied to Limited Liability Partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) as amended.

These unaudited financial statements were approved by the members.

These financial statements were approved by the members and authorised for issue on 9 October 2026, and signed on their behalf by:

________________________________

R Hollands

Designated Member

LLP No. OC452124

The Performing Arts Theatre Academy LLP

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

GENERAL INFORMATION

The Performing Arts Theatre Academy LLP is an LLP incorporated in England L2 The Grainstore, Shaftesbury Lane, Blandford Forum, Dorset, DT11 7EG, is the registered office, which is also the principal place of business of the LLP. The principal activity of the LLP in the year was that of a peforming arts academy. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

ACCOUNTING POLICIES

Statement of compliance

The financial statements of the Limited Liability Partnership for the financial year ended 31 March 2026 have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland", applying Section 1A of the Standard, issued by the Financial Reporting Council and in accordance with the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, as amended.

Basis of preparation

The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Limited Liability Partnership's financial statements.

Cash flow statement

The Limited Liability Partnership has availed of the exemption in Section 1A, FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small entity.

Turnover

Turnover comprises amounts invoiced by the Limited Liability Partnership exclusive of value added tax.

Members' remuneration

Members' remuneration is treated as a charge against profits. It includes profits that are automatically divided between members by virtue of the members' agreement.

A member's share in the profit and loss for the financial year is accounted for as an allocation of profits.

Tangible non-current assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

15% Straight line


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant and	Total
		machinery

		£	£
	Cost
	Additions	306	306
		─────────	─────────
	At 31 March 2026	306	306
		─────────	─────────
	Depreciation
	Charge for the financial year	61	61
		─────────	─────────
	At 31 March 2026	61	61
		─────────	─────────
	Net book value
	At 31 March 2026	245	245
		═════════	═════════


4.	DEBTORS	2026	2025
		£	£

	Prepayments and accrued income	1,798	-
		═════════	═════════


5.	CREDITORS	2026	2025
	Amounts falling due within one year	£	£

	Bank overdrafts	170	677
	Deferred income	4,435	-
		─────────	─────────
		4,605	677
		═════════	═════════