Band Agency LLP Filleted Accounts Cover
Band Agency LLP
Registered No. OC431708
Information for Filing with the Registrar
31 May 2023
Band Agency LLP Balance Sheet Registrar
at
31 May 2023
Registered No.
OC431708
Notes
2023
2022
£
£
Current assets
Debtors
5
33,762
17,385
Cash at bank and in hand
20,845
80,498
54,607
97,883
Creditors: Amounts falling due within one year
6
(4,164)
(21,733)
Net current assets
50,443
76,150
Total assets less current liabilities
50,443
76,150
Net assets attributable to members
50,443
76,150
Represented by:
Loans and other debts due to members
50,443
76,150
Members' other interests
50,443
76,150
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 May 2023 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 19 September 2023
And signed on its behalf by designated member:
Band London Ltd
Designated member
19 September 2023
Band Agency LLP Notes to the Accounts Registrar
for the year ended 31 May 2023
1
General information
Its registered number is: OC431708
Its registered office is:
49 Greek Street
London
W1D 4EG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
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 rendering of services. Where relevant, 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.
Members' remuneration and division of profits
Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Taxation
Taxation is not provided for in the accounts as taxation is the individual liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Information in relation to members
2023
2022
£
£
Automatic division of profits
145,676
160,150
145,676
160,150
4
Employees
2023
2022
Number
Number
The average number of persons employed during the year was:
0
0
5
Debtors
2023
2022
£
£
Trade debtors
33,76217,385
33,76217,385
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
--
Trade creditors
-88
Other taxes and social security
4,1651,645
Accruals and deferred income
(1)
20,000
4,16421,733
7
Loans and other debts due to members
2023
2022
£
£
Amounts due to members in respect of profits
50,443
76,150
50,443
76,150
Amounts falling due within one year
50,443
-
50,443
76,150
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