Sixfootstudio LLP OC400100 false 2023-06-01 2024-03-31 2024-03-31 The principal activity of the company is Architectural services Digita Accounts Production Advanced 6.30.9574.0 OC400100 2023-06-01 2024-03-31 OC400100 2024-03-31 OC400100 core:OtherReservesSubtotal 2024-03-31 OC400100 core:CurrentFinancialInstruments 2024-03-31 OC400100 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 OC400100 core:Non-currentFinancialInstruments 2024-03-31 OC400100 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 OC400100 bus:FRS102 2023-06-01 2024-03-31 OC400100 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-03-31 OC400100 bus:FullAccounts 2023-06-01 2024-03-31 OC400100 bus:RegisteredOffice 2023-06-01 2024-03-31 OC400100 bus:PartnerLLP1 2023-06-01 2024-03-31 OC400100 bus:PartnerLLP2 2023-06-01 2024-03-31 OC400100 bus:LimitedLiabilityPartnershipLLP 2023-06-01 2024-03-31 OC400100 bus:Agent1 2023-06-01 2024-03-31 OC400100 core:FurnitureFittings 2023-06-01 2024-03-31 OC400100 core:OfficeEquipment 2023-06-01 2024-03-31 OC400100 countries:AllCountries 2023-06-01 2024-03-31 OC400100 2022-06-01 2023-05-31 OC400100 2023-05-31 OC400100 core:OtherReservesSubtotal 2023-05-31 OC400100 core:CurrentFinancialInstruments 2023-05-31 OC400100 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 OC400100 core:Non-currentFinancialInstruments 2023-05-31 OC400100 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: OC400100

Sixfootstudio LLP

Annual Report and Unaudited Financial Statements

for the period from 1 June 2023 to 31 March 2024

 

Sixfootstudio LLP

Contents

Limited liability partnership information

1

Accountants' Report

2

Financial Statements

3 to 10

Balance Sheet

3

Statement of Changes in Members’ Interests

5

Notes to the Financial Statements

7

 

Sixfootstudio LLP

Limited liability partnership information

Designated members

Mr David John Marshallsay

Mr Matthew Sinclair Tabram
 

Registered office

22 Fernleigh Road
Winchmore Hill
London
N21 3AL

Accountants

MG Group (Professional Services) Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Sixfootstudio LLP
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Sixfootstudio LLP for the period ended 31 March 2024 set out on pages 3 to 10 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Sixfootstudio LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sixfootstudio LLP and state those matters that we have agreed to state to the members of Sixfootstudio LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sixfootstudio LLP and its members as a body for our work or for this report.

It is your duty to ensure that Sixfootstudio LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sixfootstudio LLP. You consider that Sixfootstudio LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Sixfootstudio LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Group (Professional Services) Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

14 November 2024

 

Sixfootstudio LLP

(Registration number: OC400100)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

2,149

2,691

Current assets

 

Debtors

4

43,228

300

Cash and short-term deposits

 

(1,603)

28,853

 

41,625

29,153

Creditors: Amounts falling due within one year

5

(16,389)

(11,032)

Net current assets

 

25,236

18,121

Total assets less current liabilities

 

27,385

20,812

Creditors: Amounts falling due after more than one year

6

(20,536)

(23,316)

Net assets/(liabilities) attributable to members

 

6,849

(2,504)

Represented by:

 

Loans and other debts due from members

 

Members' capital classified as a liability

 

(105,173)

(103,114)

Members’ other interests

 

Members' capital classified as equity

 

24,725

24,725

Other reserves

 

87,297

75,885

 

112,022

100,610

   

6,849

(2,504)

Total members' interests

 

Loans and other debts due from members

 

(105,173)

(103,114)

Equity

 

112,022

100,610

   

6,849

(2,504)

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

 

Sixfootstudio LLP

(Registration number: OC400100)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Sixfootstudio LLP (registered number OC400100) were approved by the Board and authorised for issue on 14 November 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr David John Marshallsay
Designated member

 

Sixfootstudio LLP

Statement of Changes in Members’ Interests
At 31 March 2024

 

Equity

 

Loans and other debts due to/(from) members

 

Members' capital
£

Other reserves
£

Total equity
£

Members' capital classified as a liability
£

Total
2024
£

Members' interest at 1 June 2023

24,725

75,885

100,610

(103,114)

(2,504)

Profit/(loss) for the financial period available for discretionary division among members

-

87,297

87,297

(105,173)

(17,876)

Members' interests after total comprehensive income

24,725

163,182

187,907

(208,287)

(20,380)

Allocated losses/(profits) in respect of the prior year

-

(75,885)

(75,885)

103,114

27,229

At 31 March 2024

24,725

87,297

112,022

(105,173)

6,849

 

Sixfootstudio LLP

Statement of Changes in Members’ Interests
At 31 March 2024

 

Equity

 

Loans and other debts due to/(from) members

 

Members' capital
£

Other reserves
£

Total
£

Members' capital classified as a liability
£

Total
2023
 £

Members' interest at 1 June 2022

24,725

80,093

104,818

(100,079)

4,739

Profit/(loss) for the financial period available for discretionary division among members

-

75,885

75,885

(103,114)

(27,229)

Members' interests after total comprehensive income

24,725

155,978

180,703

(203,193)

(22,490)

Allocated losses/(profits) in respect of the prior period

-

(80,093)

(80,093)

100,079

19,986

At 31 May 2023

24,725

75,885

100,610

(103,114)

(2,504)

 

Sixfootstudio LLP

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Sixfootstudio LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Sixfootstudio LLP

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

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Computer equipment

33.33% Straight Line

Fixtures and fittings

33.33 % Straight Line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

 

Sixfootstudio LLP

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

2

Particulars of employees

The average number of persons employed by the limited liability partnership (including members) during the period, analysed by category was as follows:

2024
No.

2023
No.

Members

2

2

2

2

3

Tangible fixed assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost

At 1 June 2023

-

4,036

4,036

Additions

1,199

-

1,199

At 31 March 2024

1,199

4,036

5,235

Depreciation

At 1 June 2023

-

1,345

1,345

Charge for the year

396

1,345

1,741

At 31 March 2024

396

2,690

3,086

Net book value

At 31 March 2024

803

1,346

2,149

At 31 May 2023

-

2,691

2,691

4

Debtors

2024
£

2023
£

Trade debtors

43,228

-

Other debtors

-

300

43,228

300

 

Sixfootstudio LLP

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

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Bank loans and overdrafts

3,261

3,261

Other taxes and social security

11,077

5,461

Other creditors

1,051

1,310

Accruals and deferred income

1,000

1,000

16,389

11,032

6

Creditors: Amounts falling due after more than one year

2024
£

2023
£

Bank loans and overdrafts

20,536

23,316