Shooting Reels LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: OC417344

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		100,000		100,000
Tangible Assets	5		2,383		12,247

			102,383		112,247
CURRENT ASSETS
Debtors	6	26,968		30,732
Cash at bank and in hand		13,208		2,403

		40,176		33,135
Creditors: Amounts Falling Due Within One Year	7	(23,772 )		(54,719 )

NET CURRENT ASSETS (LIABILITIES)			16,404		(21,584 )

TOTAL ASSETS LESS CURRENT LIABILITIES			118,787		90,663

Creditors: Amounts Falling Due After More Than One Year	8		(26,813 )		(34,929 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			91,974		55,734

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		291,217		195,092

			291,217		195,092

Equity
Members' other interests
Members' capital		94,569		91,741
Other reserves		(293,812)		(231,099)

			(199,243)		(139,358)

			91,974		55,734

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			291,217		195,092
Members' other interests			(199,243)		(139,358)

			91,974		55,734

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Shooting Reels LLP

Statement of Financial Position (continued)

As At 31 March 2025

For the year 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 Income Statement.

On behalf of the members

Edward Deacon

Designated Member

20/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Shooting Reels LLP is a limited liability partnership, incorporated in England & Wales, registered number OC417344 . The Registered Office is Unit D Clear Storage Estate, Rotherwas North, Hereford, Herefordshire, HR2 6NY.

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. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% Straight Line
Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line
Fixtures & Fittings	20% Straight Line
Computer Equipment	20% Straight Line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4 (2024: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	100,000

As at 31 March 2025	100,000

Net Book Value
As at 31 March 2025	100,000

As at 1 April 2024	100,000

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Shooting Reels LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	2,445	67,669	15,222	85,336
Additions	-	7,623	-	7,623

As at 31 March 2025	2,445	75,292	15,222	92,959

Depreciation
As at 1 April 2024	1,684	64,738	6,667	73,089
Provided during the period	408	14,049	3,030	17,487

As at 31 March 2025	2,092	78,787	9,697	90,576

Net Book Value
As at 31 March 2025	353	(3,495 )	5,525	2,383

As at 1 April 2024	761	2,931	8,555	12,247

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	28,613	30,732
Prepayments and accrued income	(1,645 )	-

	26,968	30,732

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	12,253	11,570
Other taxes and social security	2,041	6,564
VAT	2,789	14,739
Other creditors	8,173	8,240
Barclaycard	900	15,016
Barclays Finance SD	-	394
Accruals and deferred income	(2,384 )	(1,804 )

	23,772	54,719

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Shooting Reels LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bounce Back Loan	6,716	15,111
Dominic Deacon	2,931	2,931
Sarah Deacon	2,336	7,336
Barclays Equipment Loan	8,619	9,551
Guy Deacon	6,211	-

	26,813	34,929

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