Silverfin false 05/04/2023 06/04/2022 05/04/2023 S Miele 20/01/2020 M Savito 20/01/2020 10 November 2023 OC430331 2023-04-05 OC430331 bus:Director1 2023-04-05 OC430331 bus:Director2 2023-04-05 OC430331 core:CurrentFinancialInstruments 2023-04-05 OC430331 core:CurrentFinancialInstruments 2022-04-05 OC430331 2022-04-05 OC430331 2022-04-06 2023-04-05 OC430331 bus:FullAccounts 2022-04-06 2023-04-05 OC430331 bus:SmallEntities 2022-04-06 2023-04-05 OC430331 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 OC430331 bus:LimitedLiabilityPartnershipLLP 2022-04-06 2023-04-05 OC430331 bus:Director1 2022-04-06 2023-04-05 OC430331 bus:Director2 2022-04-06 2023-04-05 OC430331 2021-04-06 2022-04-05 iso4217:GBP xbrli:pure

Company No: OC430331 (England and Wales)

SNATCH! MUSIC INTERNATIONAL LLP

Unaudited Financial Statements
For the financial year ended 05 April 2023
Pages for filing with the registrar

SNATCH! MUSIC INTERNATIONAL LLP

Unaudited Financial Statements

For the financial year ended 05 April 2023

Contents

SNATCH! MUSIC INTERNATIONAL LLP

STATEMENT OF FINANCIAL POSITION

As at 05 April 2023
SNATCH! MUSIC INTERNATIONAL LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 05 April 2023
Note 2023 2022
£ £
Current assets
Debtors 3 113,668 21,599
Cash at bank and in hand 4 39,498 50
153,166 21,649
Creditors: amounts falling due within one year 5 ( 39,295) ( 13,876)
Net current assets 113,871 7,773
Total assets less current liabilities 113,871 7,773
Net assets attributable to members 113,871 7,773
Represented by
Members' other interests
Other reserves 113,871 7,773
113,871 7,773
113,871 7,773
Total members' interests
Members' other interests 113,871 7,773
113,871 7,773

For the financial year ending 05 April 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Snatch! Music International LLP (registered number: OC430331) were approved and authorised for issue by the Director on 10 November 2023. They were signed on its behalf by:

S Miele
Designated member
SNATCH! MUSIC INTERNATIONAL LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2023
SNATCH! MUSIC INTERNATIONAL LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Snatch! Music International LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 2 2

3. Debtors

2023 2022
£ £
Trade debtors 48,526 21,599
Other debtors 65,142 0
113,668 21,599

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 39,498 50

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 39,295 13,876