IRIS Accounts Production v24.2.0.383 OC371122 designated member 1.1.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3711222022-12-31OC3711222024-03-31OC3711222023-01-012024-03-31OC3711222021-12-31OC3711222022-01-012022-12-31OC3711222022-12-31OC371122ns15:EnglandWales2023-01-012024-03-31OC371122ns14:PoundSterling2023-01-012024-03-31OC371122ns10:PartnerLLP12023-01-012024-03-31OC371122ns10:LimitedLiabilityPartnershipLLP2023-01-012024-03-31OC371122ns10:SmallEntities2023-01-012024-03-31OC371122ns10:AuditExempt-NoAccountantsReport2023-01-012024-03-31OC371122ns10:SmallCompaniesRegimeForAccounts2023-01-012024-03-31OC371122ns10:LimitedLiabilityPartnershipsSORP2023-01-012024-03-31OC371122ns10:FullAccounts2023-01-012024-03-31OC371122ns10:PartnerLLP22023-01-012024-03-31OC371122ns10:RegisteredOffice2023-01-012024-03-31OC371122ns5:CurrentFinancialInstruments2024-03-31OC371122ns5:CurrentFinancialInstruments2022-12-31OC371122ns5:PlantMachinery2022-12-31OC371122ns5:PlantMachinery2023-01-012024-03-31OC371122ns5:PlantMachinery2024-03-31OC371122ns5:PlantMachinery2022-12-31OC371122ns5:CostValuation2022-12-31OC371122ns5:AdditionsToInvestments2024-03-31OC371122ns5:CostValuation2024-03-31OC371122ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC371122ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: OC371122 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Channel Creator LLP

Channel Creator LLP (Registered number: OC371122)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Channel Creator LLP

General Information
for the Period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: P J Brothers
M A Ball





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: OC371122 (England and Wales)





ACCOUNTANTS: Elemental CoSec Limited
27 Old Gloucester Street
London
WC1N 3AX

Channel Creator LLP (Registered number: OC371122)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,481 3,308
Investments 5 41,961 9,960
44,442 13,268

CURRENT ASSETS
Debtors 6 67,565 37,397
Cash at bank 51,790 76,306
119,355 113,703
CREDITORS
Amounts falling due within one year 7 163,797 78,486
NET CURRENT (LIABILITIES)/ASSETS (44,442 ) 35,217
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

48,485

LOANS AND OTHER DEBTS DUE
TO MEMBERS

8

-

48,485

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 48,485
Amounts due from members 6 - (781 )
- 47,704

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 period ended 31 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.

Channel Creator LLP (Registered number: OC371122)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15 November 2024 and were signed by:





M A Ball - Designated member

Channel Creator LLP (Registered number: OC371122)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Channel Creator 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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Debtors
Trade and other receivables are initially recognised at transaction price less any subsequent impairment.

Creditors
Trade and other payables are recognised at the transaction price of the goods or services that were received.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - NIL).

Channel Creator LLP (Registered number: OC371122)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 March 2024 9,211
DEPRECIATION
At 1 January 2023 5,903
Charge for period 827
At 31 March 2024 6,730
NET BOOK VALUE
At 31 March 2024 2,481
At 31 December 2022 3,308

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 January 2023 9,960
Additions 32,001
At 31 March 2024 41,961
NET BOOK VALUE
At 31 March 2024 41,961
At 31 December 2022 9,960

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 64,365 36,616
Other debtors 3,200 781
67,565 37,397

Channel Creator LLP (Registered number: OC371122)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade creditors 119,201 76,224
Taxation and social security - 412
Other creditors 44,596 1,850
163,797 78,486

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' are due within 1 year of the date of the financial statements, ranking in priority behind creditors that are also due to be paid in this period.

9. ULTIMATE CONTROLLING PARTY

P J Brother and M A Ball share the ultimate control of the partnership.