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REGISTERED NUMBER: OC371122 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Channel Creator LLP

Channel Creator LLP (Registered number: OC371122)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Channel Creator LLP

General Information
for the Year Ended 31 December 2022







DESIGNATED MEMBERS: P J Brothers
M A Ball





REGISTERED OFFICE: 7 St. Johns Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: OC371122 (England and Wales)





ACCOUNTANTS: Elemental CoSec Limited
27 Old Gloucester Street
London
WC1N 3AX

Channel Creator LLP (Registered number: OC371122)

Report of the Members
for the Year Ended 31 December 2022

The members present their report with the financial statements of the LLP for the year ended 31 December 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of software sales representative.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DESIGNATED MEMBERS
The designated members during the year under review were:

P J Brothers
M A Ball

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £293,567 (2021 - £279,436 profit).

MEMBERS' INTERESTS
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.

There were no changes in members' capital in the year ended 31 December 2022.

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Before the division of the profits and losses of the LLP for any Financial Year, retainers already paid to the Members shall be taken into account. If any profits remain after the payment of the Retainers in full then they shall be allocated equally across the members.

Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares quarterly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

NON-DESIGNATED MEMBERS
E Moubayed
B Marbach
Channel Creator Services Limited

ON BEHALF OF THE MEMBERS:





M A Ball - Designated member


1 November 2023

Channel Creator LLP (Registered number: OC371122)

Income Statement
for the Year Ended 31 December 2022

31.12.22 31.12.21
Notes £    £   

TURNOVER 738,674 650,467

Cost of sales 397,456 349,062
GROSS PROFIT 341,218 301,405

Administrative expenses 47,651 21,969
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





293,567





279,436

Channel Creator LLP (Registered number: OC371122)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,308 4,135
Investments 6 9,960 9,960
13,268 14,095

CURRENT ASSETS
Debtors 7 37,397 48,340
Cash at bank 76,306 78,838
113,703 127,178
CREDITORS
Amounts falling due within one year 8 78,487 72,930
NET CURRENT ASSETS 35,216 54,248
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

48,484

68,343

LOANS AND OTHER DEBTS DUE
TO MEMBERS

9

48,484

68,343

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 48,484 68,343
Amounts due from members 7 (781 ) -
47,703 68,343

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 December 2022.

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.

Channel Creator LLP (Registered number: OC371122)

Balance Sheet - continued
31 December 2022


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

The financial statements were approved by the members of the LLP and authorised for issue on 1 November 2023 and were signed by:





M A Ball - Designated member

Channel Creator LLP (Registered number: OC371122)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. Statutory information

Channel Creator 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term highly liquid investments with original maturities of three months or less and
bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in
current liabilities.

Debtors
Trade and other receivables are initially recognised at transaction price less any subsequent impairment.

Creditors
Trade and other payables are recognised at the transaction price of the goods or services that were received.

3. Employee information

The average number of employees during the year was NIL (2021 - NIL).

4. Operating profit

The operating profit is stated after charging:

31.12.22 31.12.21
£    £   
Depreciation - owned assets 827 716

Channel Creator LLP (Registered number: OC371122)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. Tangible fixed assets
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 9,211
DEPRECIATION
At 1 January 2022 5,076
Charge for year 827
At 31 December 2022 5,903
NET BOOK VALUE
At 31 December 2022 3,308
At 31 December 2021 4,135

6. Fixed asset investments
Other
investment
£   
COST
At 1 January 2022
and 31 December 2022 9,960
NET BOOK VALUE
At 31 December 2022 9,960
At 31 December 2021 9,960

7. Debtors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Trade debtors 36,616 26,621
Other debtors 781 21,719
37,397 48,340

Channel Creator LLP (Registered number: OC371122)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. Creditors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Trade creditors 76,225 71,044
Taxation and social security 412 386
Other creditors 1,850 1,500
78,487 72,930

9. Loans and other debts due to members

Loans and other debts due to members' are due within 1 year of the date of the financial statements, ranking in priority behind creditors that are also due to be paid in this period.

10. Post balance sheet events

After the balance sheet date but before the date of this report, the partnership invested an advance subscription in AAZZUR Limited of £4,320.

11. Ultimate controlling party

P J Brother and M A Ball share the ultimate control of the partnership.