Starfish Communications LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC308910 (England and Wales)

STARFISH COMMUNICATIONS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DESIGNATED MEMBERS:

Ms S C Fearfield

J P Speed

REGISTERED OFFICE:

Cherry Gardens

Nouds Lane

Lynsted

Sittingbourne

Kent

ME9 0ES

REGISTERED NUMBER:

OC308910 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

CURRENT ASSETS

Debtors

5

357,594

349,726

Cash at bank

1,600

8,739

359,194

358,465

CREDITORS

Amounts falling due within one year

6

(4,519

)

(3,790

)

NET CURRENT ASSETS

354,675

354,675

TOTAL ASSETS LESS CURRENT LIABILITIES

354,675

354,675

CREDITORS

Amounts falling due after more than one year

7

(344,675

)

(344,675

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

10,000

10,000

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

10,000

10,000

10,000

TOTAL MEMBERS' INTERESTS

Members' other interests

10,000

10,000

Amounts due from members

5

(357,336

)

(349,295

)

(347,336

)

(339,295

)

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 August 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 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 and authorised for issue on 19 May 2021 and were signed by:

J P Speed - Designated member

1.	STATUTORY INFORMATION

Starfish Communications 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.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value and consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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

-

20% on reducing balance

Members remuneration and division of profits

The SORP recognises that the basis for calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations, and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provisions for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate difference between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members fixed share profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of the profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and include within other reserves.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2019

and 31 August 2020

45,895

317

46,212

DEPRECIATION

At 1 September 2019

and 31 August 2020

45,895

317

46,212

NET BOOK VALUE

At 31 August 2020

-

-

-

At 31 August 2019

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

202

Amounts due from members

357,336

349,295

Sundry debtors

258

229

357,594

349,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,264

990

VAT

2,295

1,840

Accrued expenses

960

960

4,519

3,790

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

344,675

344,675

8.	RELATED PARTY DISCLOSURES

Starfish PR Limited, a company in which the two partners Mr J P Speed and Miss S C Fearfield are sole directors and shareholders, was owed £339,680 (2019 - £339,680) at the year end by Starfish Communications LLP. The partners have confirmed there is no requirement for this debt to be settled and that all other creditors will be paid in preference to this inter company balance.

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 Starfish Communications LLP for the year ended 31 August 2020 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Starfish Communications 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 Starfish Communications LLP and state those matters that we have agreed to state to the members of Starfish Communications LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Starfish Communications 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 Starfish Communications LLP. You consider that Starfish Communications 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 Starfish Communications 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.

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

19 May 2021