Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity11truetrue OC382965 2022-04-01 2023-03-31 OC382965 2021-04-01 2022-03-31 OC382965 2023-03-31 OC382965 2022-03-31 OC382965 c:CurrentFinancialInstruments 2023-03-31 OC382965 c:CurrentFinancialInstruments 2022-03-31 OC382965 c:CurrentFinancialInstruments 2 2023-03-31 OC382965 c:CurrentFinancialInstruments 2 2022-03-31 OC382965 c:Non-currentFinancialInstruments 2023-03-31 OC382965 c:Non-currentFinancialInstruments 2022-03-31 OC382965 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC382965 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC382965 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC382965 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 OC382965 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC382965 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-03-31 OC382965 e:FRS102 2022-04-01 2023-03-31 OC382965 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC382965 e:FullAccounts 2022-04-01 2023-03-31 OC382965 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC382965 e:PartnerLLP1 2022-04-01 2023-03-31 OC382965 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC382965 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC382965









IMHOTEP TOURING LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
IMHOTEP TOURING LLP
REGISTERED NUMBER: OC382965

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,369,428
1,359,641

Cash at bank and in hand
 5 
68,462
5,882

  
1,437,890
1,365,523

Creditors: Amounts Falling Due Within One Year
 6 
(689,112)
(606,875)

Net current assets
  
 
 
748,778
 
 
758,648

Total assets less current liabilities
  
748,778
758,648

Creditors: amounts falling due after more than one year
 7 
(25,778)
(35,648)

  
723,000
723,000

  

Net assets
  
723,000
723,000


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
723,000
723,000

  
 
723,000
 
723,000

  
723,000
723,000


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(1,326,229)
(1,356,958)

Members' other interests
  
723,000
723,000

  
(603,229)
(633,958)


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.
Page 1

 
IMHOTEP TOURING LLP
REGISTERED NUMBER: OC382965
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


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 on 22 January 2024.




................................................
Mr P Okogwu
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
IMHOTEP TOURING LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2023







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
16,933
16,933
-
-
16,933

Members' interests after profit for the year
723,000
16,933
739,933
(1,325,197)
(1,325,197)
(585,264)

Other division of profits
-
(16,933)
(16,933)
16,933
16,933
-

Drawings on account and distribution of profit
-
-
-
(48,694)
(48,694)
(48,694)

Amounts due from members
 



(1,356,958)
(1,356,958)


Balance at 31 March 2022
723,000
-
723,000
(1,356,958)
(1,356,958)
(633,958)

Profit for the year available for discretionary division among members
 
-
321,085
321,085
-
-
321,085

Members' interests after profit for the year
723,000
321,085
1,044,085
(1,356,958)
(1,356,958)
(312,873)

Other division of profits
-
(321,085)
(321,085)
321,085
321,085
-

Drawings on account and distribution of profit
-
-
-
(290,356)
(290,356)
(290,356)

Amounts due from members
 



(1,326,229)
(1,326,229)


Balance at 31 March 2023 
723,000
-
723,000
(1,326,229)
(1,326,229)
(603,229)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
IMHOTEP TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Imhotep Touring LLP is a limited liability partnership incorporated in England and Wales. The address of
the entity's registered office is 16 - 19 Eastcastle Street, London, W1W 8DY.

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".

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

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.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
IMHOTEP TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

 
2.8

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
21,118
-

Other debtors
21,613
2,664

Prepayments and accrued income
468
19

Amounts due from members
1,326,229
1,356,958

1,369,428
1,359,641


Page 5

 
IMHOTEP TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
68,462
5,882

Less: bank overdrafts
-
(115)

68,462
5,767



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
115

Bank loans (See note 8)
9,221
9,352

Trade creditors
4,350
4,543

Other taxation and social security
4,172
-

Other creditors
42,445
42,445

Accruals and deferred income
628,924
550,420

689,112
606,875



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans (See note 8)
25,780
35,648

25,780
35,648


Page 6

 
IMHOTEP TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,221
9,352


9,221
9,352


Amounts falling due 2-5 years

Bank loans
25,778
35,648


25,778
35,648


34,999
45,000


This loan facility is supported by the Bounce Back Loan Scheme, managed by the British Business Bank
on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial
Strategy.
The loan bears interest at the rate of 2.5% per annum. Interest payable on the facility for 12 months from the initial drawdown date is paid by the Secretary of State for Business, Energy & Industrial Strategy through a business interruption payment made available to the Bank through the Bounce Back Loan Scheme and not by the company.

 
Page 7