Adrenaline Martial Arts LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC388883 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

ADRENALINE MARTIAL ARTS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

L Nash

L G Nash

REGISTERED OFFICE:

9 Whittle Way

Upper Cambourne

Cambridgeshire

CB23 6LB

REGISTERED NUMBER:

OC388883 (England and Wales)

ACCOUNTANTS:

d&t

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

4

4,379

10,410

CURRENT ASSETS

Debtors

106,912

51,378

Cash at bank

10,088

1,388

117,000

52,766

CREDITORS

Amounts falling due within one year

5

32,132

14,155

NET CURRENT ASSETS

84,868

38,611

TOTAL ASSETS LESS CURRENT LIABILITIES

89,247

49,021

CREDITORS

Amounts falling due after more than one year

6

39,065

49,021

NET ASSETS ATTRIBUTABLE TO MEMBERS

50,182

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

50,182

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

50,182

-

Amounts due from members

(106,912

)

(51,378

)

(56,730

)

(51,378

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 October 2021.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 October 2022 and were signed by:

L Nash - Designated member

1.	STATUTORY INFORMATION

Adrenaline Martial Arts 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% straight line basis

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - 4 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2020

52,153

Additions

319

At 31 October 2021

52,472

DEPRECIATION

At 1 November 2020

41,743

Charge for year

6,350

At 31 October 2021

48,093

NET BOOK VALUE

At 31 October 2021

4,379

At 31 October 2020

10,410

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

14,282

5,254

Taxation and social security

-

497

Other creditors

17,850

8,404

32,132

14,155

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

39,065

49,021

7.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

53,347

54,275

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2021

2020

£

£

Amounts owed to members in respect of profits

50,182

-

Falling due within one year

50,182

-

Amounts due to members rank equally alongside the other unsecured creditors.