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REGISTERED NUMBER: OC429011 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

71 Degrees (Design) LLP

71 Degrees (Design) LLP (Registered number: OC429011)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


71 Degrees (Design) LLP

General Information
for the Year Ended 30 September 2024







DESIGNATED MEMBERS: Mrs K Hack
A K Hack





REGISTERED OFFICE: The Annex
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: OC429011 (England and Wales)





ACCOUNTANT: Robert Thorne FCCA
Chartered Certified Accountant
The Annex
143 - 145 Stanwell Road
Ashford
Middlesex
TW15 3QN

71 Degrees (Design) LLP (Registered number: OC429011)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,427 8,116

CURRENT ASSETS
Debtors 5 6,852 10,764
Cash at bank 10 10
6,862 10,774
CREDITORS
Amounts falling due within one year 6 4,573 3,608
NET CURRENT ASSETS 2,289 7,166
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,716

15,282

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

11,716

15,282

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 11,716 15,282

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 30 September 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.

71 Degrees (Design) LLP (Registered number: OC429011)

Balance Sheet - continued
30 September 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 14 January 2025 and were signed by:





A K Hack - Designated member

71 Degrees (Design) LLP (Registered number: OC429011)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

71 Degrees (Design) 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 16,247
Additions 3,183
At 30 September 2024 19,430
DEPRECIATION
At 1 October 2023 8,131
Charge for year 1,872
At 30 September 2024 10,003
NET BOOK VALUE
At 30 September 2024 9,427
At 30 September 2023 8,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 6,852 10,764

71 Degrees (Design) LLP (Registered number: OC429011)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Taxation and social security 3,598 2,633
Other creditors 975 975
4,573 3,608

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The debt to members in respect to moneys paid personally for business expenses rank equally with third party creditors but the members subordinate their claim in respect of undrawn profits to the claims of all other creditors.