Can't Stop Media LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC361510 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Can't Stop Media LLP

Page

Chartered Accountants' Report

1

Balance Sheet

2

Notes to the Financial Statements

3

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability

Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your

approval the financial statements of Can't Stop Media LLP for the year ended 31 March 2019 which comprise the

Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Can't Stop Media LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Can't Stop Media LLP and state those matters that we have agreed to state to the members of Can't Stop Media LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Can't Stop Media LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Can't Stop Media LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Can't Stop Media LLP. You consider that Can't Stop Media LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Can't Stop Media LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther Professional Services LLP

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

3 December 2019

FIXED ASSETS

Tangible assets

3

1,515

2,007

Investments

4

6

6

1,521

2,013

CURRENT ASSETS

Debtors

5

21,493

39,172

Cash at bank

8,140

23,896

29,633

63,068

CREDITORS

Amounts falling due within one year

6

31,154

42,069

NET CURRENT (LIABILITIES)/ASSETS

(1,521

)

20,999

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

23,012

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

-

23,012

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

-

23,012

Amounts due from members

5

(18,932

)

(845

)

(18,932

)

22,167

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 2019.

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 on 3 December 2019 and were signed by:

Mr M B N Porte - Designated member

1.	STATUTORY INFORMATION

Can't Stop Media LLP is a limited liability partnership registered in England and Wales. The partnership's

registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London SW6 4TJ.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and

are based on experience and other factors, including expectations of future events that are believed to be

reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of

estimation uncertainty that affect the preparation of the financial statements.

Turnover

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent

that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has

only been partially completed at the balance sheet date, turnover represents the value of the services provided

to date based on a proportion of the total contract value. Where payments are received from customers in

advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors

due within one year.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

and 31 March 2019

5,654

DEPRECIATION

At 1 April 2018

3,647

Charge for year

492

At 31 March 2019

4,139

NET BOOK VALUE

At 31 March 2019

1,515

At 31 March 2018

2,007

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

6

NET BOOK VALUE

At 31 March 2019

6

At 31 March 2018

6

The limited liability partnership holds more than 20% of the share capital and voting rights in the following:

50% of Can't Stop Media WA LLP, a limited liability partnership incorporated in England & Wales whose

principal activity is film production. As at 31 March 2019, the LLP had capital and reserves of £165 (2018: £165)

and made a loss of £1,657 (2018: £1,746).

50% of Can't Stop Consulting Limited, a company incorporated in England & Wales whose principal activity is

consulting. As at 31 March 2019, the company had capital and reserves of £5,002 (2018: £5,002) and made a

profit for the year of £1,181 (2018: £15,257).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,053

-

Other debtors

20,440

39,172

21,493

39,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1,918

2,215

Taxation and social security

-

400

Other creditors

29,236

39,454

31,154

42,069

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.19

31.3.18

£

£

Amounts owed to members in respect of profits

-

23,012

Falling due within one year

-

23,012

8.	RELATED PARTY DISCLOSURES

During the year, the limited liability partnership, a member of Can't Stop Media WA LLP, received a loss share of

£1,657 (2018: £1,746) from Can't Stop Media WA LLP. At the balance sheet date the limited liability partnership

owed £3,627 (2018: £1,970) to Can't Stop Media LLP.

During the year, the limited liability partnership received a dividend of £478 (2018: £3,679) from Can't Stop

Consulting Ltd. At the balance sheet date Can't Stop Consulting Ltd owed £1,478 (2018: £3,327) to Can't Stop

Media LLP.