Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31true22022-04-012truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC426896 2022-04-01 2023-03-31 OC426896 2021-04-01 2022-03-31 OC426896 2023-03-31 OC426896 2022-03-31 OC426896 c:CurrentFinancialInstruments 2023-03-31 OC426896 c:CurrentFinancialInstruments 2022-03-31 OC426896 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC426896 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC426896 d:FRS102 2022-04-01 2023-03-31 OC426896 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC426896 d:FullAccounts 2022-04-01 2023-03-31 OC426896 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC426896 2 2022-04-01 2023-03-31 OC426896 d:PartnerLLP2 2022-04-01 2023-03-31 OC426896 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC426896 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 OC426896 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC426896 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC426896














LIL LOU TOURING LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
LIL LOU TOURING LLP
REGISTERED NUMBER:OC426896

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
73,130
1,114

  
73,130
1,114

Creditors: amounts falling due within one year
 5 
(104,145)
(17,597)

Net current liabilities
  
 
 
(31,015)
 
 
(16,483)

Total assets less current liabilities
  
(31,015)
(16,483)

  

Net liabilities
  
(31,015)
(16,483)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
133,164
192,837

  
133,164
192,837

Members' other interests
  

Other reserves classified as equity

  

(164,179)
(209,320)

  
 
(164,179)
 
(209,320)

  
(31,015)
(16,483)


Total members' interests
  

Loans and other debts due to members
 6 
133,164
192,837

Members' other interests
  
(164,179)
(209,320)

  
(31,015)
(16,483)


Page 1

 
LIL LOU TOURING LLP
REGISTERED NUMBER:OC426896
    
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: 



L E Redknapp
Designated member

Date: 27 March 2024

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

Lil Lou 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

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

1.


General information

Lil Lou Touring LLP is a limited liability partnership, registered in England and Wales, registration number OC426896. 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".

The following principal accounting policies have been applied:

  
2.2

Functional and presentation currency

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

 
2.3

Going concern

As at the balance sheet date, the financial statements show that the LLP has liabilities in excess of assets as a result of losses made to date. The financial statements have been prepared on a going concern basis as the members have confirmed that they will continue to support the LLP for the foreseeable future and meet the excess liabilities if the LLP is unable to do so.
 
 
2.4

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 the rendering of services is recognised when it is probable the LLP will receive the rights to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
 
 
2.5

Interest income

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

 
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. 

Page 3

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

2.Accounting policies (continued)

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


3.


Employees

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


4.


Debtors

2023
2022
£
£


Trade debtors
72,840
-

Other debtors
-
754

Prepayments
290
360

73,130
1,114



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
12,822
12,922

Other taxation and social security
27,345
-

Accruals and deferred income
63,978
4,675

104,145
17,597


Page 4

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

6.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
133,164
192,837

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

2023
2022
£
£



Falling due within one year
133,164
192,837

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

 
Page 5