Oxford Educational Assessment Centre LLP

REGISTERED NUMBER: OC345125 (England and Wales)

Members' Report and

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Page

General Information

1

Members' Report

2

Certified Accountants' Report

3

Income Statement

4

Balance Sheet

5

Reconciliation of Members' Interests

7

Notes to the Financial Statements

9

DESIGNATED MEMBERS:

Mr R F Bartlett

Mrs C D Bartlett

REGISTERED OFFICE:

Central Office

The Lane

Lyford

Wantage

OX12 0EE

REGISTERED NUMBER:

OC345125 (England and Wales)

ACCOUNTANTS:

Inca Accountants Ltd

Chartered Certified Accountants

Central Office

Cobweb Buildings

The Lane, Lyford

Nr Wantage

Oxfordshire

OX12 0EE

The members present their report with the financial statements of the LLP for the year ended 30 April 2021.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of Educational Psychology Assessments.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr R F Bartlett

Mrs C D Bartlett

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £10,074 (2020 - £6,863 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr R F Bartlett - Designated member

29 July 2021

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Oxford Educational Assessment Centre LLP for the year ended 30 April 2021 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Oxford Educational Assessment Centre LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxford Educational Assessment Centre LLP and state those matters that we have agreed to state to the members of Oxford Educational Assessment Centre LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Oxford Educational Assessment Centre 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 loss of Oxford Educational Assessment Centre LLP. You consider that Oxford Educational Assessment Centre LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oxford Educational Assessment Centre 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 financial statements.

Inca Accountants Ltd

Chartered Certified Accountants

Central Office

Cobweb Buildings

The Lane, Lyford

Nr Wantage

Oxfordshire

OX12 0EE

29 July 2021

TURNOVER

3,000

23,600

Administrative expenses

(13,096

)

(16,816

)

OPERATING (LOSS)/PROFIT

(10,096

)

6,784

Interest receivable and similar
income

22

79

(LOSS)/PROFIT FOR THE
FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS

(10,074

)

6,863

FIXED ASSETS

Tangible assets

5

883

1,437

CURRENT ASSETS

Debtors

6

451

1,598

Cash at bank

24,919

36,572

25,370

38,170

CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

7

(1,507

)

(1,505

)

NET CURRENT ASSETS

23,863

36,665

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

24,746

38,102

LOANS AND OTHER DEBTS DUE
TO MEMBERS

8

24,746

38,102

TOTAL MEMBERS' INTERESTS

Loans and other debts due to
members

8

24,746

38,102

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 30 April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

Approved and authorised by the members of the LLP and authorised for issue on 29 July 2021 and were signed by:

Mr R F Bartlett - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

38,102

Amount due from members

-

Balance at 1 May 2020

-

38,102

Loss for the financial year
available for discretionary
division among members

(10,074

)

-

(10,074

)

Members' interests after loss
for the year

(10,074

)

38,102

28,028

Other divisions of loss

10,074

(10,074

)

-

Introduced by members

-

1,998

Drawings

-

(5,280

)

(5,280

)

Amount due to members

24,746

Amount due from members

-

Balance at 30 April 2021

-

24,746

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

38,605

Amount due from members

-

Balance at 1 May 2019

-

38,605

Profit for the financial year
available for discretionary
division among members

6,863

-

6,863

Members' interests after
profit for the year

6,863

38,605

45,468

Other divisions of profit

(6,863

)

6,863

-

Introduced by members

-

6,936

Drawings

-

(14,302

)

(14,302

)

Amount due to members

38,102

Amount due from members

-

Balance at 30 April 2020

-

38,102

1.	STATUTORY INFORMATION

Oxford Educational Assessment Centre LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

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 - NIL).

4.	OPERATING (LOSS)/PROFIT

The operating loss (2020 - operating profit) is stated after charging:

2021

2020

£

Depreciation - owned assets

554

841

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2020

and 30 April 2021

10,379

DEPRECIATION

At 1 May 2020

8,942

Charge for year

554

At 30 April 2021

9,496

NET BOOK VALUE

At 30 April 2021

883

At 30 April 2020

1,437

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other debtors

451

1,598

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other creditors

1,507

1,505

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Oxford Educational Assessment Centre LLP - LLP accounts 20.1

Oxford Educational Assessment Centre LLP - LLP accounts 20.1