17 February 2023 false Taxfiler 2024.5 OC445871business:LimitedLiabilityPartnershipLLP2023-02-172024-04-05 OC4458712023-02-16 OC4458712023-02-172024-04-05 OC445871business:AuditExemptWithAccountantsReport2023-02-172024-04-05 OC445871business:FullAccounts2023-02-172024-04-05 OC4458712024-04-05 OC445871business:PartnerLLP12023-02-172024-04-05 OC445871business:PartnerLLP22023-02-172024-04-05 OC445871business:RegisteredOffice2023-02-172024-04-05 OC445871core:WithinOneYear2024-04-05 OC445871business:SmallEntities2023-02-172024-04-05 OC445871countries:EnglandWales2023-02-172024-04-05 iso4217:GBP xbrli:pure
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
Miss Asya Grace Peker
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
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Studio GA-AS LLP Statement of financial position as at 5 April 2024
2024 
Notes
£ 
Current assets
Debtors
1,325 
Cash at bank and in hand
935 
2,260 
Creditors: amounts falling due within one year
(540)
Net current assets
1,720 
Net assets attributable to members
1,720 
Represented by:
Loans and other debts due to members
1,720 
1,720 
Total members' interests
Loans and other debts due to members
1,720 
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
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Studio GA-AS LLP Notes to the Accounts for the period from 17 February 2023 to 5 April 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.
Turnover
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.
Members' remuneration
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
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
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.
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
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 
£ 
Other creditors
540 
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.
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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.
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