Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312false2023-04-01film and tv production2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC419359 2023-04-01 2024-03-31 OC419359 2022-04-01 2023-03-31 OC419359 2024-03-31 OC419359 2023-03-31 OC419359 c:ComputerEquipment 2023-04-01 2024-03-31 OC419359 c:ComputerEquipment 2024-03-31 OC419359 c:ComputerEquipment 2023-03-31 OC419359 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC419359 c:CurrentFinancialInstruments 2024-03-31 OC419359 c:CurrentFinancialInstruments 2023-03-31 OC419359 c:CurrentFinancialInstruments 2 2024-03-31 OC419359 c:CurrentFinancialInstruments 2 2023-03-31 OC419359 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC419359 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC419359 e:FRS102 2023-04-01 2024-03-31 OC419359 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC419359 e:FullAccounts 2023-04-01 2024-03-31 OC419359 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC419359 e:PartnerLLP1 2023-04-01 2024-03-31 OC419359 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC419359 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC419359 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC419359














FAT TROUT FILMS LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
FAT TROUT FILMS LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
FAT TROUT FILMS LLP
REGISTERED NUMBER:OC419359

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
188
211

  
188
211

Current assets
  

Debtors: amounts falling due within one year
 5 
103,711
97,682

Cash at bank and in hand
 6 
11,049
17,881

  
114,760
115,563

Creditors: amounts falling due within one year
 7 
(3,409)
(4,996)

Net current assets
  
 
 
111,351
 
 
110,567

Total assets less current liabilities
  
111,539
110,778

  

Net assets
  
111,539
110,778


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
111,539
110,778

  
111,539
110,778

  

  
111,539
110,778


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(103,710)
(80,935)

Loans and other debts due to members
 8 
111,539
110,778

  
7,829
29,843


1

 
FAT TROUT FILMS LLP
REGISTERED NUMBER:OC419359
    
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: 




R J J Lousberg
Designated member

Date: 31 January 2025

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

Fat Trout Films LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

2

 
FAT TROUT FILMS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Fat Trout Films LLP is a limited liability partnership, registered in England and Wales, registration number OC419359. The registered office address is 9 Upper Green Lane, Shipbourne, Tonbridge, Kent, TN11 9PW.

The principal activity of the LLP continued to be that of  film and tv production.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
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 film and tv production is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover 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.

3

 
FAT TROUT FILMS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight-line

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.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

Financial instruments

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

4

 
FAT TROUT FILMS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 April 2023
2,057


Additions
166



At 31 March 2024

2,223



Depreciation


At 1 April 2023
1,847


Charge for the year
188



At 31 March 2024

2,035



Net book value



At 31 March 2024
188



At 31 March 2023
211


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
16,747

Amounts due from members
103,710
80,935

103,710
97,682



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank
11,049
17,881


5

 
FAT TROUT FILMS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
14
94

Other taxation and social security
-
1,752

Accruals
3,395
3,150

3,409
4,996



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
111,539
110,778

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

2024
2023
£
£



Falling due within one year
111,539
110,778

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

 
6