REGISTERED NUMBER: OC308604 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Satellite414 LLP

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

3,898

4,935

Current assets

Debtors

5

125,369

99,483

Cash at bank

325,535

315,796

450,904

415,279

Creditors

Amounts falling due within one year

6

89,755

82,373

Net current assets

361,149

332,906

Total assets less current liabilities

and

Net assets attributable to members

365,047

337,841

Loans and other debts due to members

365,047

337,841

Total members' interests

Loans and other debts due to members

365,047

337,841

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 August 2025 and were signed by:

C A Fysh - Designated member

1.	Statutory information

Satellite414 LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC308604

Registered office:

Unit G1

Union Wharf

23 Wenlock Road

London

N1 7SB

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employee information

The average number of employees during the year was 9 (2024 - 10 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 April 2024

36,256

1,407

37,663

Additions

1,630

431

2,061

At 31 March 2025

37,886

1,838

39,724

Depreciation

At 1 April 2024

32,181

547

32,728

Charge for year

2,509

589

3,098

At 31 March 2025

34,690

1,136

35,826

Net book value

At 31 March 2025

3,196

702

3,898

At 31 March 2024

4,075

860

4,935

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

105,009

71,360

Other debtors

20,360

28,123

125,369

99,483

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

125

10,291

Social security and other taxes

10,017

9,444

VAT

41,200

25,149

Other creditors

38,413

37,489

89,755

82,373

7.	Ultimate controlling party

The ultimate controlling party is C A Fysh.