Company No:
Contents
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 |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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1,234 | 606 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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413,263 | 399,250 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (222,625) | (86,577) | ||
Total assets less current liabilities | (221,391) | (85,971) | ||
Net liabilities attributable to members | (
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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) |
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:
Jamef Pty Ltd
Designated member |
EQUITY Members' other interests |
DEBT Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests | |
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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.
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.
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 £.
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.
Plant and machinery etc. |
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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.
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.
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 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'.
There were no critical accounting estimates or judgements required in the preparation of these financial statements in the current or prior year.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2023 |
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Additions |
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At 30 June 2024 |
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Accumulated depreciation | |||
At 01 July 2023 |
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Charge for the financial year |
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rounding diff |
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At 30 June 2024 |
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Net book value | |||
At 30 June 2024 |
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At 30 June 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Prepayments |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Group undertakings |
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Other taxation and social security |
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Other creditors |
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