IRIS Accounts Production v24.3.2.46 OC389414 designated member designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3894142023-03-31OC3894142024-03-31OC3894142023-04-012024-03-31OC3894142022-03-31OC3894142022-04-012023-03-31OC3894142023-03-31OC389414ns15:EnglandWales2023-04-012024-03-31OC389414ns14:PoundSterling2023-04-012024-03-31OC389414ns10:PartnerLLP12023-04-012024-03-31OC389414ns10:PartnerLLP22023-04-012024-03-31OC389414ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC389414ns10:SmallEntities2023-04-012024-03-31OC389414ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC389414ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC389414ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC389414ns10:FullAccounts2023-04-012024-03-31OC389414ns10:RegisteredOffice2023-04-012024-03-31OC389414ns5:CurrentFinancialInstruments2024-03-31OC389414ns5:CurrentFinancialInstruments2023-03-31OC389414ns5:Non-currentFinancialInstruments2024-03-31OC389414ns5:Non-currentFinancialInstruments2023-03-31OC389414ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC389414ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: OC389414 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RIBOT STUDIOS LLP

RIBOT STUDIOS LLP (REGISTERED NUMBER: OC389414)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIBOT STUDIOS LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: A D Ribot
Ribot Limited





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: OC389414 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

RIBOT STUDIOS LLP (REGISTERED NUMBER: OC389414)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,815,000 1,815,000

CURRENT ASSETS
Debtors 5 7,566 5,805
Cash at bank 26,051 24,812
33,617 30,617
CREDITORS
Amounts falling due within one year 6 (885,902 ) (498,612 )
NET CURRENT LIABILITIES (852,285 ) (467,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,715

1,347,005

CREDITORS
Amounts falling due after more than one
year

7

(145,018

)

(543,069

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

817,697

803,936

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

817,697

803,936

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 817,697 803,936

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 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.

RIBOT STUDIOS LLP (REGISTERED NUMBER: OC389414)

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 6 January 2025 and were signed by:





A D Ribot - Designated member

RIBOT STUDIOS LLP (REGISTERED NUMBER: OC389414)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Ribot Studios LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and rental income is recognised on an accruals basis.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Members' remuneration
A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

Investment property
The LLP's property is held for long term investment. Investment properties are accounted for in accordance
with the FRS 102 as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus
or deficit on revaluation is recognised in the profit and loss account for the year. This treatment as regards to the LLP's investment property may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the members consider that systematic annual depreciation would be inappropriate.

The accounting policy adopted is therefore necessary for the financial statements to show a
true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation
and the amount which might otherwise have been shown cannot be separately identified or quantified.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEE INFORMATION

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

RIBOT STUDIOS LLP (REGISTERED NUMBER: OC389414)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,815,000
NET BOOK VALUE
At 31 March 2024 1,815,000
At 31 March 2023 1,815,000

The Investment property was valued on an open market basis on 31 March 2024 by the members.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,725 4,500
Other debtors 2,841 1,305
7,566 5,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 80,067 80,067
Trade creditors 518 1,652
Other creditors 805,317 416,893
885,902 498,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 145,018 543,069

8. SECURED DEBTS

The LLP's bankers hold a fixed and floating charge over the investment property.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 817,697 803,936

Falling due within one year 817,697 803,936

Loans and other debts due to members' (other than members' capital classified as debt) rank last in relation to other creditors.