Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false22023-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC418694 2023-04-01 2024-03-31 OC418694 2022-04-01 2023-03-31 OC418694 2024-03-31 OC418694 2023-03-31 OC418694 c:FurnitureFittings 2023-04-01 2024-03-31 OC418694 c:FurnitureFittings 2024-03-31 OC418694 c:FurnitureFittings 2023-03-31 OC418694 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC418694 c:OfficeEquipment 2023-04-01 2024-03-31 OC418694 c:OfficeEquipment 2024-03-31 OC418694 c:OfficeEquipment 2023-03-31 OC418694 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC418694 c:ComputerEquipment 2023-04-01 2024-03-31 OC418694 c:ComputerEquipment 2024-03-31 OC418694 c:ComputerEquipment 2023-03-31 OC418694 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC418694 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC418694 c:CurrentFinancialInstruments 2024-03-31 OC418694 c:CurrentFinancialInstruments 2023-03-31 OC418694 c:CurrentFinancialInstruments 2 2024-03-31 OC418694 c:CurrentFinancialInstruments 2 2023-03-31 OC418694 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC418694 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC418694 e:FRS102 2023-04-01 2024-03-31 OC418694 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC418694 e:FullAccounts 2023-04-01 2024-03-31 OC418694 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC418694 2 2023-04-01 2024-03-31 OC418694 e:PartnerLLP1 2023-04-01 2024-03-31 OC418694 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC418694 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC418694 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC418694 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC418694 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC418694














VALLEY VIEW MEDIA LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
VALLEY VIEW MEDIA LLP
REGISTERED NUMBER:OC418694

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,740
4,057

  
2,740
4,057

Current assets
  

Debtors: amounts falling due within one year
 5 
53,028
7,432

Cash at bank and in hand
 6 
8,704
31,178

  
61,732
38,610

Creditors: amounts falling due within one year
 7 
(5,179)
(2,420)

Net current assets
  
 
 
56,553
 
 
36,190

Total assets less current liabilities
  
59,293
40,247

  

Net assets
  
59,293
40,247


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
101,102
40,247

  
101,102
40,247

Members' other interests
  

Other reserves classified as equity
  
(41,809)
-

  
 
(41,809)
 
-

  
59,293
40,247


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(6,602)
(5,102)

Loans and other debts due to members
 8 
101,102
40,247

Members' other interests
  
(41,809)
-

  
52,691
35,145


Page 1

 
VALLEY VIEW MEDIA LLP
REGISTERED NUMBER:OC418694
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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

The entity 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.

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

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




J H M Clayton
Designated member

Date: 17 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VALLEY VIEW MEDIA LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Valley View Media LLP is a limited liability partnership, registered in England and Wales, registration number OC418694. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the LLP is that of producing and consulting services in respect of the finance, production and exploitation of film, television and other content.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover from producing and consulting services are recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
VALLEY VIEW MEDIA LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

In the event of the LLP making losses, the loss is recognised as a debit within equity under 'Other reserves'.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
reducing balance
Computer equipment
-
33%
straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss account.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
VALLEY VIEW MEDIA LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.10

 Financial instruments

The LLP enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and other creditors and loans with related parties.


3.


Employees

The average monthly number of employees, including members, during the year was 2 (2023 - 2). 


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 April 2023
2,310
658
2,525
5,493



At 31 March 2024

2,310
658
2,525
5,493



Depreciation


At 1 April 2023
462
132
842
1,436


Charge for the year
370
105
842
1,317



At 31 March 2024

832
237
1,684
2,753



Net book value



At 31 March 2024
1,478
421
841
2,740



At 31 March 2023
1,848
526
1,683
4,057


5.


Debtors

2024
2023
£
£


Trade debtors
1,900
1,660

Other debtors
7,523
102

Prepayments
37,001
568

Amounts due from members
6,602
5,102

53,026
7,432


Page 5

 
VALLEY VIEW MEDIA LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash

2024
2023
£
£

Cash at bank
8,704
31,178



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Accruals
5,179
2,420

5,179
2,420



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
101,102
40,247

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
101,102
40,247

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 6