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Registered number: OC317022
Starcom Mediavest LLP
Unaudited Financial Statements
For The Year Ended 31 January 2024
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
LLP Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4
Page 1
LLP Information
Designated Members Solexa Ltd
Mr Komiljon Khodjaev
LLP Registration Number OC317022
Registered Office 65 Compton Street
London
EC1V 0BN
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
Page 1
Page 2
Balance Sheet
Registered number: OC317022
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,293,746 3,216,020
Cash at bank and in hand 517,568 98,076
3,811,314 3,314,096
Creditors: Amounts Falling Due Within One Year 5 (2,475,693 ) (2,184,667 )
NET CURRENT ASSETS (LIABILITIES) 1,335,621 1,129,429
TOTAL ASSETS LESS CURRENT LIABILITIES 1,335,621 1,129,429
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,335,621 1,129,429
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,335,521 1,129,329
1,335,521 1,129,329
Equity
Members' other interests
Members' capital 100 100
100 100
1,335,621 1,129,429
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,335,521 1,129,329
Members' other interests 100 100
1,335,621 1,129,429
Page 2
Page 3
For the year ending 31 January 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
The financial statements were approved by the members on 25 October 2024 and were signed on their behalf by:
Solexa Ltd
Designated Member
25/10/2024
The notes on page 4 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Starcom Mediavest LLP is a limited liability partnership, incorporated in England & Wales, registered number OC317022 . The Registered Office is 65 Compton Street, London, EC1V 0BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,979 4,517
Prepayments and accrued income 2,218,021 2,215,757
Other debtors 995,746 995,746
3,293,746 3,216,020
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,475,693 2,184,667
2,475,693 2,184,667
Page 4