Registered number
OC399672
You Dot Agency LLP
Filleted Accounts
31 March 2024
You Dot Agency LLP
Registered number: OC399672
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,202 1,737
Current assets
Debtors 4 (693) (694)
Cash at bank and in hand 18,626 53,088
17,933 52,394
Creditors: amounts falling due within one year 5 374 22
Net current assets 18,307 52,416
Total assets less current liabilities 19,509 54,153
Net assets attributable to members 19,509 54,153
Represented by:
Loans and other debts due to members 6 (225,375) (173,375)
Members' other interests
Members' capital classified as equity 7,234 7,234
Other reserves 237,650 220,294
244,884 227,528
19,509 54,153
Total members' interests
Loans and other debts due to members 6 (225,375) (173,375)
Members' other interests 244,884 227,528
19,509 54,153
For the year ended 31 March 2024 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 4 September 2024 and signed on their behalf by:
David Ryan
Designated member
You Dot Agency LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,220
At 31 March 2024 2,220
Depreciation
At 1 April 2023 483
Charge for the year 535
At 31 March 2024 1,018
Net book value
At 31 March 2024 1,202
At 31 March 2023 1,737
4 Debtors 2024 2023
£ £
Trade debtors (693) (694)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 28 28
Other creditors (402) (50)
(374) (22)
6 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (225,375) (173,375)
Amounts falling due within one year (225,375) (173,375)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
You Dot Agency LLP is a limited liability partnership incorporated in England. Its registered office is:
11 Palmeira Square
Hove
East Sussex
BN3 2JB
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