Ghostlight Live LLP

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

Registered number: OC424814

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,810		3,088

			1,810		3,088
CURRENT ASSETS
Debtors	5	764,173		873,332
Cash at bank and in hand		208,113		2,681

		972,286		876,013
Creditors: Amounts Falling Due Within One Year	6	(545,183 )		(707,722 )

NET CURRENT ASSETS (LIABILITIES)			427,103		168,291

TOTAL ASSETS LESS CURRENT LIABILITIES			428,913		171,379

NET ASSETS ATTRIBUTABLE TO MEMBERS			428,913		171,379

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		552,397		286,942

			552,397		286,942

Equity
Members' other interests
Members' capital		(464,313)		(456,392)
Other reserves		340,829		340,829

			(123,484)		(115,563)

			428,913		171,379

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			552,397		286,942
Members' other interests			(123,484)		(115,563)

			428,913		171,379

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Ghostlight Live LLP

Balance Sheet (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 Profit and Loss Account.

On behalf of the members

Mr Alfred Boe

Designated Member

24/12/2025

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

1. General Information

Ghostlight Live LLP is a limited liability partnership, incorporated in England & Wales, registered number OC424814 . The Registered Office is The Beren, Blisworth Hill Business Park, Stoke Road, Blisworth, Northamptonshire, NN7 3DB.

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:

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 year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	3,833

As at 31 March 2025	3,833

Depreciation
As at 1 April 2024	745
Provided during the period	1,278

As at 31 March 2025	2,023

Net Book Value
As at 31 March 2025	1,810

As at 1 April 2024	3,088

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Ghostlight Live LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	491,831	144,882
Amounts owed by group undertakings	128,611	661,287
Other debtors	143,731	67,163

	764,173	873,332

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	707,722
Other creditors	443,286	-
Taxation and social security	101,897	-

	545,183	707,722

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