REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 5 April 2024 |
for |
On Screen LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 5 April 2024 |
for |
On Screen LLP |
On Screen LLP (Registered number: OC365594) |
Contents of the Financial Statements |
for the Year Ended 5 April 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Report of the Accountants | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 7 |
On Screen LLP |
General Information |
for the Year Ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
On Screen LLP (Registered number: OC365594) |
Report of the Members |
for the Year Ended 5 April 2024 |
The members present their report with the financial statements of the LLP for the year ended 5 April 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of film and television product placement. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £247,140 (2023 - £271,162 profit). |
MEMBERS' INTERESTS |
Members are permitted to take drawings in anticipation of profits which will be allocated to them. The amount of such drawings can be set out at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. |
ON BEHALF OF THE MEMBERS: |
On Screen LLP |
Report of the Accountants to the Members of |
On Screen LLP |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 5 April 2024 set out on pages four to eight 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. |
Chartered Accountants |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
On Screen LLP (Registered number: OC365594) |
Income Statement |
for the Year Ended 5 April 2024 |
2024 | 2023 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
248,175 | 272,234 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
247,140 |
271,162 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
247,140 |
271,162 |
Members' remuneration charged as an expense |
5 |
(247,140 |
) |
(271,162 |
) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
On Screen LLP (Registered number: OC365594) |
Balance Sheet |
5 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
26,601 |
48,702 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
26,601 |
48,702 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
26,601 |
48,702 |
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. |
On Screen LLP (Registered number: OC365594) |
Balance Sheet - continued |
5 April 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
On Screen LLP (Registered number: OC365594) |
Notes to the Financial Statements |
for the Year Ended 5 April 2024 |
1. | STATUTORY INFORMATION |
On Screen 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 |
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 |
Plant and machinery | - |
Commercial vehicles | - |
Computer equipment | - |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
5. | INFORMATION IN RELATION TO MEMBERS |
2024 | 2023 |
£ | £ |
Members' remuneration charged as an expense |
Partners' salaries | 247,140 | 271,162 |
On Screen LLP (Registered number: OC365594) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
6. | TANGIBLE FIXED ASSETS |
Plant and | Commercial | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 6 April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts |