IRIS Accounts Production v23.1.0.753 OC384392 designated member 1.4.22 31.3.23 31.3.23 printing 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3843922022-03-31OC3843922023-03-31OC3843922022-04-012023-03-31OC3843922021-03-31OC3843922021-04-012022-03-31OC3843922022-03-31OC384392ns16:Wales2022-04-012023-03-31OC384392ns15:PoundSterling2022-04-012023-03-31OC384392ns11:Director12022-04-012023-03-31OC384392ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC384392ns11:SmallEntities2022-04-012023-03-31OC384392ns11:AuditExemptWithAccountantsReport2022-04-012023-03-31OC384392ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC384392ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC384392ns11:FullAccounts2022-04-012023-03-31OC384392ns6:CurrentFinancialInstruments2023-03-31OC384392ns6:CurrentFinancialInstruments2022-03-31OC384392ns11:RegisteredOffice2022-04-012023-03-31OC384392ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31OC384392ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: OC384392 (Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

OTTIMO CREATIVE LLP

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Report of the Members 1

Report of the Accountants 2

Profit and loss account 3

Balance Sheet 4

Notes to the Financial Statements 6


OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST MARCH 2023

The members present their report with the financial statements of the LLP for the year ended 31st March 2023.

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

L A Crew
M Lindwall
G L Hawker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £166 (2022 - £377 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





N Lindwall - Designated member


29th June 2023

OTTIMO CREATIVE LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
OTTIMO CREATIVE LLP


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2023 set out on pages three to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU


29th June 2023

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2023

2023 2022
£    £   

TURNOVER 74,556 37,022

Cost of sales (9,677 ) -
GROSS PROFIT 64,879 37,022

Administrative expenses (64,713 ) (36,645 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





166





377

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 25,143 26,087
Cash at bank and in hand 6,654 344
31,797 26,431
CREDITORS
Amounts falling due within one year 5 31,797 26,431
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE
TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 4 (21,579 ) (21,745 )

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 31st March 2023.

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.

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

BALANCE SHEET - continued
31ST MARCH 2023


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 29th June 2023 and were signed by:





N Lindwall - Designated member

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Ottimo Creative LLP is registered in Wales. The LLP's registered number and registered office address are as below:

Registered number: OC384392

Registered office: 103/104 Queensway Meadows IE
Clearwater Road
Newport
Gwent
NP19 4ST

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,564 -
Amounts due from members 21,579 21,745
VAT - 4,342
25,143 26,087

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 7,166 -
Other creditors 23,710 25,793
Accruals and deferred income 921 638
31,797 26,431