Made By Form LLP - LLP accounts 20.1

REGISTERED NUMBER: OC417090 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

MADE BY FORM LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

J Jakeman

J Sparkes

J Thomas

REGISTERED OFFICE:

128 Stainbeck Lane

LEEDS

West Yorkshire

LS7 2EA

REGISTERED NUMBER:

OC417090 (England and Wales)

ACCOUNTANTS:

Lang Bennetts

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

The members present their report with the financial statements of the LLP for the year ended 30 April 2020.

CHANGE OF NAME

The LLP passed a special resolution on 12 May 2020 changing its name from Redfox Creative LLP to Made By Form LLP.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of film production.

DESIGNATED MEMBERS

The designated members during the year under review were:

J Jakeman

J Sparkes

J Thomas

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £2,400 (2019 - £529 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

J Sparkes - Designated member

23 January 2021

TURNOVER

6,329

11,916

Cost of sales

799

5,874

GROSS PROFIT

5,530

6,042

Administrative expenses

7,930

6,571

OPERATING LOSS and

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

(2,400

)

(529

)

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

(2,400

)

(529

)

Members' remuneration charged as an
expense

5

2,400

529

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

-

FIXED ASSETS

Tangible assets

6

6,519

9,092

CURRENT ASSETS

Debtors

6,150

3,979

Cash at bank

1,905

1,503

8,055

5,482

CREDITORS

Amounts falling due within one year

7

577

NET CURRENT ASSETS

7,478

4,905

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,997

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

13,997

TOTAL MEMBERS' INTERESTS

Members' other interests

13,997

Amounts due from members

(6,150

)

(3,979

)

7,847

10,018

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 30 April 2020.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 January 2021 and were signed by:

J Sparkes - Designated member

1.	STATUTORY INFORMATION

Made By Form 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 20% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	OPERATING LOSS

The operating loss is stated after charging:

2020

2019

£

Depreciation - owned assets

2,573

3,572

5.	INFORMATION IN RELATION TO MEMBERS

2020

2019

£

Members' remuneration charged as an expense

Automatic division of loss

(2,400

)

(529

)

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

15,821

DEPRECIATION

At 1 May 2019

6,729

Charge for year

2,573

At 30 April 2020

9,302

NET BOOK VALUE

At 30 April 2020

6,519

At 30 April 2019

9,092

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Other creditors

577