Smile More Recordings LLP

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: OC450594

		31 March 2025
	Notes	£	£
CURRENT ASSETS
Debtors	4	31,724
Cash at bank and in hand		43,989

		75,713
Creditors: Amounts Falling Due Within One Year	5	(75,713 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			-

REPRESENTED BY:
TOTAL MEMBERS' INTEREST
Amounts due from members			(1,899)

			(1,899)

For the period ending 31 March 2025 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr James Hatcher Designated Member	Mr Andrew Clutterbuck Designated Member
13/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Smile More Recordings LLP is a limited liability partnership, incorporated in England & Wales, registered number OC450594 . The Registered Office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the directors and related entities.

2.3. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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.

2.4. Financial Instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.

2.5. Foreign Currencies

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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: 2

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Smile More Recordings LLP

Notes to the Financial Statements (continued)

For the Period 11 January 2024 to 31 March 2025

4. Debtors

	31 March 2025
	£
Due within one year
Trade debtors	27,890
Other debtors	1,935
Amounts due from members	1,899

	31,724

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Trade creditors	2,621
VAT	3,775
Other creditors	67,238
Accruals and deferred income	2,079

	75,713

6. Related Party Transactions

Included in other creditors is an amount owed to Tanoshii LLP, a limited liability partnership registered in United Kingdom and in which both members owns a material interest, of £1,815 (2024: Nil).

Included in other creditors is an amount owed to Honne International Partnership, a partnership in United Kingdom and in which both members owns a material interest, of £65,423 (2024: Nil).

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