Registered No. OC438867 (England and Wales)
South Coast Dance and Arts LLP
Unaudited accounts
for the period from 24 August 2021 to 31 March 2022
South Coast Dance and Arts LLP
LLP Information
for the period from 24 August 2021 to 31 March 2022
Designated members
Ms Beth Louisa Gibson
Registered Number
OC438867 (England and Wales)
Registered Office
FLAT 3, 32 CRABTON CLOSE ROAD
32 Crabton Close Road, Flat 2
BOURNEMOUTH
Hampshire
BH5 1HN
UNITED KINGDOM
Accountants
Ocelot Accounting Ltd
Arena Business Centres
Holyrood Close
Poole
Dorset
BH17 7FJ
South Coast Dance and Arts LLP
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
497
Net assets attributable to members
497
Loans and other debts due to members
(2,557)
Loans and other debts due to members
(2,557)
Members' other interests
3,054
For the period 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 22 March 2023.
Ms Jessica Troke
Designated member
Limited Liability Partnership Registration No. OC438867
South Coast Dance and Arts LLP
Notes to the Accounts
for the period from 24 August 2021 to 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 accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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'.
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.
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.
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.
All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.
Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
South Coast Dance and Arts LLP is a limited liability partnership, incorporated in England and Wales, registration number OC438867. Its registered office is FLAT 3, 32 CRABTON CLOSE ROAD, 32 Crabton Close Road, Flat 2, BOURNEMOUTH, Hampshire, BH5 1HN, UNITED KINGDOM.
South Coast Dance and Arts LLP
Notes to the Accounts
for the period from 24 August 2021 to 31 March 2022
3
Loans and other debts due to members
2022
Amounts due to members in respect of profits
(2,885)
Amounts falling due within one year
(2,557)
4
Average number of employees
During the period the average number of employees was 0.
