Silverfin false 30/06/2024 01/07/2023 30/06/2024 Jamef Pty Ltd 12/07/2016 Stuart & Melinda Investments Pty Ltd 12/07/2016 20 March 2025 OC412709 2024-06-30 OC412709 bus:Director1 2024-06-30 OC412709 bus:Director2 2024-06-30 OC412709 2023-06-30 OC412709 core:CurrentFinancialInstruments 2024-06-30 OC412709 core:CurrentFinancialInstruments 2023-06-30 OC412709 core:OtherPropertyPlantEquipment 2023-06-30 OC412709 core:OtherPropertyPlantEquipment 2024-06-30 OC412709 2023-07-01 2024-06-30 OC412709 bus:FullAccounts 2023-07-01 2024-06-30 OC412709 bus:SmallEntities 2023-07-01 2024-06-30 OC412709 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 OC412709 bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC412709 bus:Director1 2023-07-01 2024-06-30 OC412709 bus:Director2 2023-07-01 2024-06-30 OC412709 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-07-01 2024-06-30 OC412709 2022-07-01 2023-06-30 OC412709 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 OC412709 core:OtherPropertyPlantEquipment 1 2023-07-01 2024-06-30 OC412709 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: OC412709 (England and Wales)

ROOM ONE UK DESIGN LLP

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

ROOM ONE UK DESIGN LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

ROOM ONE UK DESIGN LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
ROOM ONE UK DESIGN LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DESIGNATED MEMBERS Jamef Pty Ltd
Stuart & Melinda Investments Pty Ltd
REGISTERED OFFICE Paulton House Old Mills
Paulton
Bristol
BS39 7SX
United Kingdom
REGISTERED NUMBER OC412709 (England and Wales)
ACCOUNTANT Sestini & Co Ltd
Paulton House
Paulton
Bristol
BS39 7SX
ROOM ONE UK DESIGN LLP

BALANCE SHEET

AS AT 30 JUNE 2024
ROOM ONE UK DESIGN LLP

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,234 606
1,234 606
Current assets
Debtors 5 294,662 115,474
Cash at bank and in hand 118,601 283,776
413,263 399,250
Creditors: amounts falling due within one year 6 ( 635,888) ( 485,827)
Net current liabilities (222,625) (86,577)
Total assets less current liabilities (221,391) (85,971)
Net liabilities attributable to members ( 221,391) ( 85,971)
Represented by
Members' other interests
Other reserves (221,391) (85,971)
(221,391) (85,971)
(221,391) (85,971)
Total members' interests
Members' other interests (221,391) (85,971)
(221,391) (85,971)

For the financial year ending 30 June 2024 the LLP 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.

Members' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Room One UK Design LLP (registered number: OC412709) were approved and authorised for issue by the Board of Directors on 20 March 2025. They were signed on its behalf by:

Jamef Pty Ltd
Designated member
ROOM ONE UK DESIGN LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
ROOM ONE UK DESIGN LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves Members' capital (classified as debt) Total
£ £ £
Balance at 01 July 2022 (1,005) 0 (1,005)
Loss for the financial year available for discretionary division among members (84,966) 0 (84,966)
Members' interest after loss for the financial year (85,971) 0 (85,971)
Balance at 30 June 2023 (85,971) 0 (85,971)
Loss for the financial year available for discretionary division among members (135,420) 0 (135,420)
Members' interest after loss for the financial year (221,391) 0 (221,391)
Balance at 30 June 2024 (221,391) 0 (221,391)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

ROOM ONE UK DESIGN LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
ROOM ONE UK DESIGN LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Room One UK Design LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Paulton House Old Mills, Paulton, Bristol, BS39 7SX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

The entity has only entered into basic financial instruments. Basic financial instruments are recognised at amortised
cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair
value, with changes recognised in profit or loss.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members’ participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the LLP’s accounting policies, the members are required to make judgements that have a significant impact on the amounts recognised.

There were no critical accounting estimates or judgements required in the preparation of these financial statements in the current or prior year.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 1 1

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 5,836 5,836
Additions 1,069 1,069
At 30 June 2024 6,905 6,905
Accumulated depreciation
At 01 July 2023 5,230 5,230
Charge for the financial year 440 440
rounding diff 0 0
At 30 June 2024 5,671 5,671
Net book value
At 30 June 2024 1,234 1,234
At 30 June 2023 606 606

5. Debtors

2024 2023
£ £
Trade debtors 275,268 111,321
Prepayments 1,045 4,070
Other debtors 18,349 83
294,662 115,474

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 24,701 33,294
Amounts owed to Group undertakings 589,927 425,367
Other taxation and social security 9,245 18,429
Other creditors 12,015 8,737
635,888 485,827