Global Spin Productions LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC368116 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Global Spin Productions LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

N Sawhney

Positiv LLP

REGISTERED OFFICE:

8 Hampstead Gate

1A Frognal

Hampstead

London

NW3 6AL

REGISTERED NUMBER:

OC368116 (England and Wales)

ACCOUNTANTS:

Brackman Chopra LLP

Chartered Accountants

8 Hampstead Gate

1 A Frognal

Hampstead

London

NW3 6AL

CURRENT ASSETS

Debtors

6,580

6,583

CREDITORS

Amounts falling due within one year

1,680

1,683

NET CURRENT ASSETS

4,900

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,900

LOANS AND OTHER DEBTS DUE TO
MEMBERS

4

4,900

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

4

4,900

Amounts due from members

(22

)

(22

)

4,878

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 12 December 2025 and were signed by:

N Sawhney - Designated member

1.	STATUTORY INFORMATION

Global Spin Productions LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Financial assets

Basic financial assets, including trade and other receivables and cash & bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are initially recognised at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3.	EMPLOYEE INFORMATION

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

4.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.

5.	RELATED PARTY DISCLOSURES

Nitin Sawhney, a partner in Global Spin Productions LLP, is also a director of Positiv ID Touring Ltd. At the year end the LLP owed £1,647 (2024: £1,647) to Positiv-id Touring Ltd.

Nitin Sawhney, a partner in Global Spin Productions LLP, is also a director of Positiv ID Ltd. At the year end the LLP was owed £1,935 (2024: £1,969) by Positiv ID Ltd.

Nitin Sawhney, a partner in Global Spin Productions LLP, is also a partner in Positiv LLP. At the year end the LLP was owed £4,588 (2024: £4,331) by Positiv LLP. During the year the LLP recharged expenses in the sum of £34 (2024: £161) to Positiv LLP.

6.	ULTIMATE CONTROLLING PARTY

Global Spin Productions LLP is controlled by N Sawhney.