Rocio Productions LLP |
Registered number: |
OC309352 |
Balance Sheet |
as at 31 March 2023 |
Notes |
|
2023 |
|
2022 |
€ |
€ |
Current assets |
|
|
|
|
|
Stocks |
|
|
11,318 |
|
11,318 |
Cash at bank and in hand |
|
|
35,648 |
|
39,782 |
|
|
|
46,966 |
|
51,100 |
|
Creditors: amounts falling due within one year |
3 |
|
(1,611) |
|
(3,634) |
|
Net current assets |
|
|
45,355 |
|
47,466 |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
45,355 |
|
47,466 |
|
|
|
Net assets attributable to members |
45,355 |
|
47,466 |
|
|
|
|
|
|
Represented by: |
Loans and other debts due to members |
4 |
|
155,425 |
|
155,425 |
|
|
|
|
|
|
Members' other interests |
Members' capital classified as liability |
|
|
146 |
|
146 |
Other reserves |
|
|
(110,216) |
|
(108,105) |
|
|
|
(110,070) |
|
(107,959) |
|
|
|
|
|
|
|
|
|
45,355 |
|
47,466 |
|
|
|
|
|
|
Total members' interests |
Loans and other debts due to members |
4 |
|
155,425 |
|
155,425 |
Members' other interests |
|
|
(110,070) |
|
(107,959) |
|
|
|
|
45,355 |
|
47,466 |
|
|
|
|
|
|
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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. |
The 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. |
|
These accounts were approved by the members on 14 September 2023 and signed on their behalf by: |
|
|
D Le Moyne De Serigny |
Designated member |
|
Rocio Productions LLP |
Notes to the Accounts |
for the year ended 31 March 2023 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 Euros. |
|
|
Turnover |
|
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding VAT. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
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. |
|
|
Long term work in progress |
|
The attributable profit on long term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised has regard to the stage of completion of the project. Long term contract balances are included as amounts recoverable on contracts within other debtors, after provision has been made for any foreseeable losses and the deduction of applicable payments on account. Full provision is made for losses on contracts in the year in which the loss is first foreseen. |
|
|
Debtors |
|
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables. Amounts recoverable under contracts are valued at the lower of cost or net realisable value. Cost consists of staff salary costs and direct expenses. Net realisable value is based on the estimated selling price less further costs to be incurred to completion. |
|
|
Creditors |
|
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies, (currencies other than Euros) are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the LLP |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
€ |
€ |
|
|
Other creditors |
1,611 |
|
3,634 |
|
|
|
|
|
|
|
|
|
|
4 |
Loans and other debts due to members |
2023 |
|
2022 |
€ |
€ |
|
|
Members capital classified as debt |
155,425 |
|
155,425 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
155,425 |
|
155,425 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
5 |
Other information |
|
|
Rocio Productions LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
9 Donnington Park |
|
85 Birdham Road |
|
Chichester |
|
West Sussex |
|
PO20 7AJ |