REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
THE LITTLE DANCE ACADEMY LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
THE LITTLE DANCE ACADEMY LLP |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
THE LITTLE DANCE ACADEMY LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Swatton Barn |
Badbury |
Swindon |
Wiltshire |
SN4 0EU |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
REPORT OF THE MEMBERS |
FOR THE YEAR ENDED 31 MARCH 2023 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of dance tuition. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £132,138 (2022 - £95,212 profit). |
MEMBERS' INTERESTS |
During the period the members receive monthly drawings and from time to time, additional profit distributions. The policy for the level and timing of the additional members' remuneration is determined by the Board and takes into account the partnership's cash requirements for operating and investment activities.The monthly drawings represent payments on account of current year remuneration and may be reclaimable from members until profits have been allocated. |
Profits are allocated as agreed between the partners, in accordance with the members agreement. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs. |
ON BEHALF OF THE MEMBERS: |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
17,332 |
1,047 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
17,332 |
1,047 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 17,332 | 1,047 |
Amounts due from members | 6 | - | (600 | ) |
17,332 | 447 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
BALANCE SHEET - continued |
31 MARCH 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 1,047 |
Amount due from members | (600 | ) |
Balance at 1 April 2022 | - | 447 | 447 |
Profit for the financial year available for discretionary division among members |
132,138 |
- |
132,138 |
Members' interests after profit for the year |
132,138 |
447 |
132,585 |
Other divisions of profit | (132,138 | ) | 132,138 | - |
Drawings on account and distributions of profit |
- |
(115,253 |
) |
(115,253 |
) |
Amount due to members | 17,332 |
Amount due from members | - |
Balance at 31 March 2023 | - | 17,332 | 17,332 |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 17,583 |
Amount due from members | - |
Balance at 1 April 2021 | - | 17,583 | 17,583 |
Profit for the financial year available for discretionary division among members |
95,212 |
- |
95,212 |
Members' interests after profit for the year |
95,212 |
17,583 |
112,795 |
Other divisions of profit | (95,212 | ) | 95,212 | - |
Drawings on account and distributions of profit |
- |
(112,348 |
) |
(112,348 |
) |
Amount due to members | 1,047 |
Amount due from members | (600 | ) |
Balance at 31 March 2022 | - | 447 | 447 |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
The Little Dance Academy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
TANGIBLE FIXED ASSETS |
Plant and machinery etc | - |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
THE LITTLE DANCE ACADEMY LLP (REGISTERED NUMBER: OC426923) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Amounts due to members rank equally alongside the other unsecured creditors. |