| Experiential Inc LLP |
| Registered number: |
OC443956 |
| Balance Sheet |
| as at 30 September 2024 |
| Notes |
|
2024 |
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
3,543 |
|
4,208 |
| Current assets |
|
|
|
|
|
| Stocks |
|
|
4,017 |
|
4,017 |
| Debtors |
4 |
|
5,554 |
|
18,154 |
| Cash at bank and in hand |
|
|
96 |
|
11 |
|
|
|
9,667 |
|
22,182 |
|
| Creditors: amounts falling due within one year |
5 |
|
(12,586) |
|
(28,508) |
|
| Net current liabilities |
|
|
(2,919) |
|
(6,326) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
624 |
|
(2,118) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(32,435) |
|
(28,623) |
|
|
| Net liabilities attributable to members |
(31,811) |
|
(30,741) |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
7 |
|
5,730 |
|
1,861 |
|
|
|
|
|
|
| Members' other interests |
| Other reserves |
|
|
(37,541) |
|
(32,602) |
|
|
|
|
|
|
|
|
|
(31,811) |
|
(30,741) |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
7 |
|
5,730 |
|
1,861 |
| Members' other interests |
|
|
(37,541) |
|
(32,602) |
|
|
|
|
(31,811) |
|
(30,741) |
|
|
|
|
|
|
| For the year ended 30 September 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 28 September 2025 and signed on their behalf by: |
|
|
| Mr J Guimaraes |
| Designated member |
|
| Experiential Inc LLP |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
3 |
|
8 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2023 |
6,087 |
|
At 30 September 2024 |
6,087 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
1,879 |
|
Charge for the year |
665 |
|
At 30 September 2024 |
2,544 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
3,543 |
|
At 30 September 2023 |
4,208 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
5,554 |
|
18,154 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
1,066 |
|
15,971 |
|
Other taxes and social security costs |
(87) |
|
(8,670) |
|
Other creditors |
11,607 |
|
21,207 |
|
|
|
|
|
|
12,586 |
|
28,508 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
32,435 |
|
28,623 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans and other debts due to members |
2024 |
|
2023 |
| £ |
£ |
|
|
Loans from members |
5,730 |
|
1,861 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
5,730 |
|
1,861 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 8 |
Other information |
|
|
Experiential Inc LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
14 Bedford Square |
|
London |
|
WC1B 3JA |