Registered No. OC445871 (England and Wales)
Studio GA-AS LLP
Unaudited accounts
for the period from 17 February 2023 to 5 April 2024
Studio GA-AS LLP
LLP Information
for the period from 17 February 2023 to 5 April 2024
Designated members
Mr Gabriel Chao Healy
Registered Number
OC445871 (England and Wales)
Registered Office
2 Francis Terrace
London
N19 5PY
England
Accountants
TAG Services
85 Great Portland Street
London
W1W 7LT
Studio GA-AS LLP
Statement of financial position
as at 5 April 2024
Cash at bank and in hand
935
Creditors: amounts falling due within one year
(540)
Net assets attributable to members
1,720
Loans and other debts due to members
1,720
Loans and other debts due to members
1,720
For the period ending 5 April 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 18 October 2024.
Mr Gabriel Chao Healy
Designated member
Limited Liability Partnership Registration No. OC445871
Studio GA-AS LLP
Notes to the Accounts
for the period from 17 February 2023 to 5 April 2024
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
The accounts are presented in £ sterling.
Studio GA-AS LLP is a limited liability partnership, incorporated in England and Wales, registration number OC445871. Its registered office is 2 Francis Terrace, London, N19 5PY, England.
3
Creditors: amounts falling due within one year
2024
4
Loans and other debts due to members
2024
Amounts due to members in respect of profits
1,720
Amounts falling due within one year
1,720
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Studio GA-AS LLP
Notes to the Accounts
for the period from 17 February 2023 to 5 April 2024
5
Average number of employees
During the period the average number of employees was 0.