Registration number:
Squeaky Bum Broadcasting LLP
for the Year Ended 31 August 2024
Squeaky Bum Broadcasting LLP
Contents
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Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Squeaky Bum Broadcasting LLP
Limited liability partnership information
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Designated members |
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Registered office |
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Accountants |
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Squeaky Bum Broadcasting LLP
(Registration number: OC433001)
Balance Sheet as at 31 August 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
70,573 |
22,131 |
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Members’ other interests |
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Other reserves |
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156,152 |
131,288 |
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Total members' interests |
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Loans and other debts due to members |
70,573 |
22,131 |
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Equity |
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156,152 |
131,288 |
For the year ending 31 August 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’."
These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
Squeaky Bum Broadcasting LLP
(Registration number: OC433001)
Balance Sheet as at 31 August 2024
The financial statements of Squeaky Bum Broadcasting LLP (registered number OC433001) were approved by the
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Squeaky Bum Broadcasting LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Squeaky Bum Broadcasting LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
undiscounted
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
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.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
20% on reducing balance |
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Motor vehicles |
20% on reducing balance |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.
Squeaky Bum Broadcasting LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Squeaky Bum Broadcasting LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
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Particulars of employees |
The average number of persons employed by the limited liability partnership (including members) during the year, analysed by category was as follows:
Squeaky Bum Broadcasting LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
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2024 |
2023 |
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Sales, marketing and distribution |
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Members' remuneration |
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2024 |
2023 |
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Average number of members during the year |
2 |
2 |
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Tangible fixed assets |
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Plant and machinery |
Motor vehicles |
Total |
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Cost |
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At 1 September 2023 |
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Additions |
- |
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At 31 August 2024 |
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Depreciation |
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At 1 September 2023 |
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Charge for the year |
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At 31 August 2024 |
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Net book value |
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At 31 August 2024 |
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At 31 August 2023 |
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Debtors |
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2024 |
2023 |
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Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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- |
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Creditors: Amounts falling due within one year |
Squeaky Bum Broadcasting LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
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2024 |
2023 |
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Trade creditors |
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Other taxes and social security |
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Accruals and deferred income |
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Liability limitation agreements |
The principal terms of the agreement are Loans and other debts due to members rank equally with debts due to unsecured creditors on the event of a winding up.
This is no provision for specific legally enforceable protection afford to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests..
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.