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REGISTERED NUMBER: OC308604 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Satellite414 LLP

Satellite414 LLP (Registered number: OC308604)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Satellite414 LLP (Registered number: OC308604)

Statement of Financial Position
31 March 2024

2024 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,935 4,676

Current assets
Debtors 5 99,483 123,889
Cash at bank 315,796 330,691
415,279 454,580
Creditors
Amounts falling due within one year 6 82,373 82,376
Net current assets 332,906 372,204
Total assets less current liabilities
and
Net assets attributable to members 337,841 376,880

Loans and other debts due to members 337,841 376,880

Total members' interests
Loans and other debts due to members 337,841 376,880

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 period ended 31 March 2024.

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.

Satellite414 LLP (Registered number: OC308604)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 July 2024 and were signed by:





C A Fysh - Designated member

Satellite414 LLP (Registered number: OC308604)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. Statutory information

Satellite414 LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC308604

Registered office: Unit G1
Union Wharf
23 Wenlock Road
London
N1 7SB

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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. Employee information

The average number of employees during the period was 10 (2022 - 11 ) .

Satellite414 LLP (Registered number: OC308604)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 January 2023 34,241 - 34,241
Additions 2,015 1,407 3,422
At 31 March 2024 36,256 1,407 37,663
Depreciation
At 1 January 2023 29,565 - 29,565
Charge for period 2,616 547 3,163
At 31 March 2024 32,181 547 32,728
Net book value
At 31 March 2024 4,075 860 4,935
At 31 December 2022 4,676 - 4,676

5. Debtors: amounts falling due within one year
2024 2022
£    £   
Trade debtors 71,360 106,660
Other debtors 28,123 17,229
99,483 123,889

6. Creditors: amounts falling due within one year
2024 2022
£    £   
Trade creditors 10,291 5,447
Social security and other taxes 9,444 9,339
VAT 25,149 23,962
Other creditors 37,489 43,628
82,373 82,376

7. Ultimate controlling party

The ultimate controlling party is C A Fysh.