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REGISTERED NUMBER: OC397060 (England and Wales)








PUNKTUATE! LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






PUNKTUATE! LLP (REGISTERED NUMBER: OC397060)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PUNKTUATE! LLP

GENERAL INFORMATION
for the year ended 31 March 2024







DESIGNATED MEMBERS: S J Cooper
E D Hug
K W Wright
Mrs A C Hug





REGISTERED OFFICE: 20 Ruvigny Gardens
London
SW15 1JR





REGISTERED NUMBER: OC397060 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

PUNKTUATE! LLP (REGISTERED NUMBER: OC397060)

BALANCE SHEET
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,885 2,812
1,885 2,812

CURRENT ASSETS
Debtors 6 14,813 18,956
Cash at bank 23,901 17,410
38,714 36,366
CREDITORS
Amounts falling due within one year 7 (15,493 ) (26,225 )
NET CURRENT ASSETS 23,221 10,141
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 25,106 12,953

LOANS AND OTHER DEBTS DUE TO MEMBERS 22,106 9,953

MEMBERS' OTHER INTERESTS
Capital accounts 3,000 3,000
25,106 12,953

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 22,106 9,953
Members' other interests 3,000 3,000
Amounts due from members 6 (7,877 ) (8,522 )
17,229 4,431

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 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.

PUNKTUATE! LLP (REGISTERED NUMBER: OC397060)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 September 2024 and were signed by:




S J Cooper - Designated member




K W Wright - Designated member


PUNKTUATE! LLP (REGISTERED NUMBER: OC397060)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Punktuate! LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Revenue is recognised when it can be estimated reliably and a right to consideration has been achieved through performance. Therefore revenue earned but not yet billed at the balance sheet date is accrued and included within debtors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks and copyrights are being amortised evenly over their estimated useful life of five years.

The trade mark has now been fully amortised.

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% reducing balance and 25% reducing balance.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Financial instruments
Financial assets and liabilities are recognised when the entity becomes a party to the contractual provisions of the instrument.

All financial assets and liabilities are initially measured at transaction price (including transaction cost). The entity has no financial assets classified at fair value through profit or loss.

All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost.

Members' remuneration
Profits are allocated at the discretion of the managing partner and are treated as an equity appropriation until the financial statements have been approved by members when they become liabilities and are treated accordingly.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

PUNKTUATE! LLP (REGISTERED NUMBER: OC397060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 April 2023
and 31 March 2024 8,760
AMORTISATION
At 1 April 2023
and 31 March 2024 8,760
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 7,190
DEPRECIATION
At 1 April 2023 4,378
Charge for year 927
At 31 March 2024 5,305
NET BOOK VALUE
At 31 March 2024 1,885
At 31 March 2023 2,812

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,936 9,934
Other debtors 7,877 9,022
14,813 18,956

PUNKTUATE! LLP (REGISTERED NUMBER: OC397060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,114 12,394
Taxation and social security 10,644 10,097
Other creditors 3,735 3,734
15,493 26,225

8. TRANSACTIONS WITH MEMBERS

In the event of winding up the amounts included in 'Loans and other debts due to members' will rank below unsecured creditors. Individual members' capital contributions are not repayable until the member retires from the LLP.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.

Loans to members are interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PUNKTUATE! LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Punktuate! LLP for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Punktuate! LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Punktuate! LLP and state those matters that we have agreed to state to the members of Punktuate! LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Punktuate! LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Punktuate! LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Punktuate! LLP. You consider that Punktuate! LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Punktuate! LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the members, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


2 September 2024