Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The principal activity of the LLP continued to be that of music touringThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-012truefalse2true OC392193 2022-04-01 2023-03-31 OC392193 2021-04-01 2022-03-31 OC392193 2023-03-31 OC392193 2022-03-31 OC392193 c:CurrentFinancialInstruments 2023-03-31 OC392193 c:CurrentFinancialInstruments 2022-03-31 OC392193 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC392193 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC392193 d:FRS102 2022-04-01 2023-03-31 OC392193 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC392193 d:FullAccounts 2022-04-01 2023-03-31 OC392193 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC392193 2 2022-04-01 2023-03-31 OC392193 d:PartnerLLP2 2022-04-01 2023-03-31 OC392193 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC392193 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 OC392193 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC392193 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC392193














DEUCE MUSIC TOURING LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
DEUCE MUSIC TOURING LLP
REGISTERED NUMBER:OC392193

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
78,447
110,135

Cash at bank and in hand
 4 
1,551,876
484,308

  
1,630,323
594,443

Creditors: amounts falling due within one year
 5 
(191,169)
(125,766)

Net current assets
  
 
 
1,439,154
 
 
468,677

Total assets less current liabilities
  
1,439,154
468,677

  

Net assets
  
1,439,154
468,677


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
993,308
463,509

  
993,308
463,509

Members' other interests
  

Other reserves classified as equity

  

445,846
5,168

  
 
445,846
 
5,168

  
1,439,154
468,677


Total members' interests
  

Loans and other debts due to members
 6 
993,308
463,509

Members' other interests
  
445,846
5,168

  
1,439,154
468,677

Page 1

 
DEUCE MUSIC TOURING LLP
REGISTERED NUMBER:OC392193
    
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: 




S Beck
Designated member

Date: 8 February 2024

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

Deuce Music Touring 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

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

1.


General information

Deuce Music Touring LLP is a limited liability partnership, registered in England and Wales, registration number OC392193. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the LLP continued to be that of music touring.

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 the 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 year 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 are presented in the Profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from music touring is recognised when it is probable the LLP will receive the rights to the consideration due under the contract.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.

 
2.4

Interest income

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

Page 3

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

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

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

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

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


3.


Debtors

2023
2022
£
£


Other debtors
70,852
14,023

Prepayments
7,595
96,112

78,447
110,135



4.


Cash

2023
2022
£
£

Cash at bank
1,551,876
484,308


Page 4

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

5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
21,985
88,049

Other creditors
35,140
32,581

Accruals
134,044
5,136

191,169
125,766



6.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
993,308
463,509

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

2023
2022
£
£



Falling due within one year
993,308
463,509

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

 
Page 5