Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22false2022-04-01truetrue OC320589 2022-04-01 2023-03-31 OC320589 2021-04-01 2022-03-31 OC320589 2023-03-31 OC320589 2022-03-31 OC320589 c:CurrentFinancialInstruments 2023-03-31 OC320589 c:CurrentFinancialInstruments 2022-03-31 OC320589 c:CurrentFinancialInstruments 2 2023-03-31 OC320589 c:CurrentFinancialInstruments 2 2022-03-31 OC320589 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC320589 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC320589 e:FRS102 2022-04-01 2023-03-31 OC320589 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC320589 e:FullAccounts 2022-04-01 2023-03-31 OC320589 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC320589 2 2022-04-01 2023-03-31 OC320589 e:PartnerLLP1 2022-04-01 2023-03-31 OC320589 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC320589 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC320589














PETE TOWNSHEND LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
PETE TOWNSHEND LLP
REGISTERED NUMBER:OC320589

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
31,317
22,830

Cash at bank and in hand
 5 
141,009
149,970

  
172,326
172,800

Creditors: amounts falling due within one year
 6 
(2,000)
(2,374)

Net current assets
  
 
 
170,326
 
 
170,426

Total assets less current liabilities
  
170,326
170,426

  

Net assets
  
170,326
170,426


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
170,326
170,426

  
170,326
170,426

  

  
170,326
170,426


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(30,970)
(22,770)

Loans and other debts due to members
 7 
170,326
170,426

  
139,356
147,656


Page 1

 
PETE TOWNSHEND LLP
REGISTERED NUMBER:OC320589
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




P D B Townshend
Designated member

Date: 27 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Pete Townshend LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
PETE TOWNSHEND LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Pete Townshend LLP is a partnership, with limited liability, registered in England and Wales, registration number OC320589. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the LLP is that of tour merchandising and book publication.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
PETE TOWNSHEND LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
347
60

Amounts due from members
30,970
22,770

31,317
22,830



5.


Cash

2023
2022
£
£

Cash at bank and in hand
141,009
149,970



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Other creditors
2,000
2,374


Page 4

 
PETE TOWNSHEND LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
170,326
170,426

170,326
170,426

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
170,326
170,426

170,326
170,426

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 5