Registered No. OC424849 (England and Wales)
Cindy Swim School LLP
Unaudited accounts
for the year ended 31 March 2022
Cindy Swim School LLP
LLP Information
for the year ended 31 March 2022
Designated members
C Britton
Registered Number
OC424849 (England and Wales)
Registered Office
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
United Kingdom
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Cindy Swim School LLP
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
397,931
194,943
Creditors: amounts falling due within one year
(398,349)
(253,541)
Net current assets
184,786
15,977
Total assets less current liabilities
185,311
16,327
Creditors: amounts falling due after more than one year
(48,542)
(54,005)
Net assets/(liabilities) attributable to members
136,769
(37,678)
Loans and other debts due to members
(523,527)
(37,678)
Loans and other debts due to members
(523,527)
(37,678)
Members' other interests
660,296
-
For the year ending 31 March 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 16 December 2022.
M Britton
Designated member
Limited Liability Partnership Registration No. OC424849
Cindy Swim School LLP
Notes to the Accounts
for the year ended 31 March 2022
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.
Turnover is measured at the fair value of the consideration received or receivable. Turnover from the provision of swimming lessons is recognised when the lessons take place. Income received in advance is deferred to the next period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Cindy Swim School LLP is a limited liability partnership, incorporated in England and Wales, registration number OC424849. Its registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, United Kingdom.
Cindy Swim School LLP
Notes to the Accounts
for the year ended 31 March 2022
3
Tangible fixed assets
Computer equipment
4
Creditors: amounts falling due within one year
2022
2021
Trade creditors
15,885
12,963
Deferred income
377,900
237,357
5
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
5,209
4,005
6
Loans and other debts due to members
2022
2021
Loans from members
(37,678)
(37,678)
Amounts due to members in respect of profits
(485,849)
-
Amounts falling due within one year
(523,527)
(37,678)
7
Operating lease commitments
2022
2021
Total commitments under non-cancellable operating leases are as follows:
Operating leases expiring:
Cindy Swim School LLP
Notes to the Accounts
for the year ended 31 March 2022
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
