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REGISTERED NUMBER: OC384392 (Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

OTTIMO CREATIVE LLP

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Report of the Members 1

Report of the Accountants 2

Profit and loss account 3

Balance Sheet 4

Notes to the Financial Statements 6


OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31st March 2024.

CESSATION OF TRADING
The LLP ceased trading on 31st March 2024.

DESIGNATED MEMBERS
The designated members during the period under review were:

L A Crew
M Lindwall
G L Hawker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £23,007 (2023 - £166 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





N Lindwall - Designated member


7th November 2024

OTTIMO CREATIVE LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
OTTIMO CREATIVE LLP


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to seven 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.






Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU


7th November 2024

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2024

2024 2023
£    £   

TURNOVER 38,291 74,556

Cost of sales - (9,677 )
GROSS PROFIT 38,291 64,879

Administrative expenses (15,284 ) (64,713 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





23,007





166

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,726 25,143
Cash at bank and in hand 718 6,654
2,444 31,797
CREDITORS
Amounts falling due within one year 5 1,539 31,797
NET CURRENT ASSETS 905 -
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

905

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

905

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 905 -
Amounts due from members 4 (1,726 ) (21,579 )
(821 ) (21,579 )

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 31st 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.

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7th November 2024 and were signed by:





N Lindwall - Designated member

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Ottimo Creative LLP is registered in Wales. The LLP's registered number and registered office address are as below:

Registered number: OC384392

Registered office: 103/104 Queensway Meadows IE
Clearwater Road
Newport
Gwent
NP19 4ST

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.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,564
Amounts due from members 1,726 21,579
1,726 25,143

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 7,166
Other creditors - 23,710
Accruals and deferred income 1,539 921
1,539 31,797

OTTIMO CREATIVE LLP (REGISTERED NUMBER: OC384392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

At year end £905 was owed to the members of Ottimo Creative LLP.