Firestarter Collective LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC439226

		31 March 2025		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,166		4,015

			5,166		4,015
CURRENT ASSETS
Debtors	5	72,173		33,121
Cash at bank and in hand		41,015		55,467

		113,188		88,588
Creditors: Amounts Falling Due Within One Year	6	(48,473 )		(22,722 )

NET CURRENT ASSETS (LIABILITIES)			64,715		65,866

TOTAL ASSETS LESS CURRENT LIABILITIES			69,881		69,881

NET ASSETS ATTRIBUTABLE TO MEMBERS			69,881		69,881

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		327,040		108,418

			327,040		108,418

Equity
Members' other interests
Members' capital		69,880		69,880
Other reserves		(327,039)		(108,417)

			(257,159)		(38,537)

			69,881		69,881

TOTAL MEMBERS' INTEREST
Amounts due from members			(51,383)		(10,350)
Loans and other debts due to members			327,040		108,418
Members' other interests			(257,159)		(38,537)

			18,498		59,531

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Firestarter Collective LLP

Balance Sheet (continued)

As At 31 March 2025

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

Firestarter Coaching Ltd Designated Member	Firestarter Creative Ltd Designated Member
3 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Firestarter Collective LLP is a limited liability partnership, incorporated in , registered number OC439226 . The Registered Office is The Clock House, Station Approach, Marlow, Bucks, SL7 1NT.

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. 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:

Plant & Machinery

25% Reducing balance

2.4. 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: 5 (2023: 5)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2023	5,214
Additions	3,543

As at 31 March 2025	8,757

Depreciation
As at 1 October 2023	1,199
Provided during the period	2,392

As at 31 March 2025	3,591

...CONTINUED

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Firestarter Collective LLP

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

Net Book Value
As at 31 March 2025	5,166

As at 1 October 2023	4,015

5. Debtors

	31 March 2025	30 September 2023
	£	£
Due within one year
Trade debtors	570	22,771
Other debtors	71,603	10,350

	72,173	33,121

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 September 2023
	£	£
Other creditors	36,816	(408)
Taxation and social security	11,657	23,130

	48,473	22,722

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