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Registration number: OC400100

Sixfootstudio LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Sixfootstudio LLP

Contents

Limited liability partnership information

1

Accountants' Report

2

Financial Statements

3 to 10

Balance Sheet

3

Statement of Changes in Members’ Interests

5

Notes to the Financial Statements

7

 

Sixfootstudio LLP

Limited liability partnership information

Designated members

Mr David John Marshallsay

Mr Matthew Sinclair Tabram
 

Registered office

22 Fernleigh Road
Winchmore Hill
London
N21 3AL

Accountants

MG Group (Professional Services) Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Sixfootstudio LLP
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Sixfootstudio LLP for the year ended 31 March 2025 set out on pages 3 to 10 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Sixfootstudio LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sixfootstudio LLP and state those matters that we have agreed to state to the members of Sixfootstudio LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sixfootstudio LLP and its members as a body for our work or for this report.

It is your duty to ensure that Sixfootstudio LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sixfootstudio LLP. You consider that Sixfootstudio LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sixfootstudio LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Group (Professional Services) Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

22 May 2025

 

Sixfootstudio LLP

(Registration number: OC400100)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

3,452

2,149

Current assets

 

Debtors

4

14,469

43,228

Cash and short-term deposits

 

21,788

(1,603)

 

36,257

41,625

Creditors: Amounts falling due within one year

5

(14,723)

(16,389)

Net current assets

 

21,534

25,236

Total assets less current liabilities

 

24,986

27,385

Creditors: Amounts falling due after more than one year

6

(17,122)

(20,536)

Net assets attributable to members

 

7,864

6,849

Represented by:

 

Loans and other debts due from members

 

Members' capital classified as a liability

 

(187,760)

(105,173)

Members’ other interests

 

Members' capital classified as equity

 

24,725

24,725

Other reserves

 

170,899

87,297

 

195,624

112,022

   

7,864

6,849

Total members' interests

 

Loans and other debts due from members

 

(187,760)

(105,173)

Equity

 

195,624

112,022

   

7,864

6,849

For the year ending 31 March 2025 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’."

 

Sixfootstudio LLP

(Registration number: OC400100)
Balance Sheet as at 31 March 2025

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Sixfootstudio LLP (registered number OC400100) were approved by the Board and authorised for issue on 22 May 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mr David John Marshallsay
Designated member

 

Sixfootstudio LLP

Statement of Changes in Members’ Interests
At 31 March 2025

 

Equity

 

Loans and other debts due to/(from) members

 

Members' capital
£

Other reserves
£

Total equity
£

Members' capital classified as a liability
£

Total
2025
£

Members' interest at 1 April 2024

24,725

87,297

112,022

(105,173)

6,849

Profit/(loss) for the financial year available for discretionary division among members

-

170,899

170,899

(187,760)

(16,861)

Members' interests after total comprehensive income

24,725

258,196

282,921

(292,933)

(10,012)

Allocated losses/(profits) in respect of the prior year

-

(87,297)

(87,297)

105,173

17,876

At 31 March 2025

24,725

170,899

195,624

(187,760)

7,864

 

Sixfootstudio LLP

Statement of Changes in Members’ Interests
At 31 March 2025

 

Equity

 

Loans and other debts due to/(from) members

 

Members' capital
£

Other reserves
£

Total
£

Members' capital classified as a liability
£

Total
2024
 £

Members' interest at 1 June 2023

24,725

75,885

100,610

(103,114)

(2,504)

Profit/(loss) for the financial year available for discretionary division among members

-

87,297

87,297

(105,173)

(17,876)

Members' interests after total comprehensive income

24,725

163,182

187,907

(208,287)

(20,380)

Allocated losses/(profits) in respect of the prior period

-

(75,885)

(75,885)

103,114

27,229

At 31 March 2024

24,725

87,297

112,022

(105,173)

6,849

 

Sixfootstudio LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1

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 under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

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 Sixfootstudio 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.

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.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Sixfootstudio LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

other taxes policy

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:

Asset class

Depreciation method and rate

Fixtures and fittings

33.33 % Straight Line

Computer equipment

33.33% Straight Line

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.

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.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

 

Sixfootstudio LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

2

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:

2025
No.

2024
No.

Members

2

2

2

2

The aggregate payroll costs were as follows:

3

Tangible fixed assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost

At 1 April 2024

1,199

4,036

5,235

Additions

-

4,566

4,566

At 31 March 2025

1,199

8,602

9,801

Depreciation

At 1 April 2024

396

2,690

3,086

Charge for the year

395

2,868

3,263

At 31 March 2025

791

5,558

6,349

Net book value

At 31 March 2025

408

3,044

3,452

At 31 March 2024

803

1,346

2,149

4

Debtors

2025
£

2024
£

Trade debtors

14,469

43,228

 

Sixfootstudio LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

5

Creditors: Amounts falling due within one year

2025
£

2024
£

Bank loans and overdrafts

3,261

3,261

Other taxes and social security

8,654

11,077

Other creditors

758

1,051

Accruals and deferred income

2,050

1,000

14,723

16,389

6

Creditors: Amounts falling due after more than one year

2025
£

2024
£

Bank loans and overdrafts

17,122

20,536