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REGISTERED NUMBER: OC351807 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Entourage Management LLP

Entourage Management LLP (Registered number: OC351807)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

General information 1

Balance sheet 2

Notes to the financial statements 4


Entourage Management LLP

General Information
For The Year Ended 31 March 2024







Designated members: R J Audley
Caverswall Enterprises Limited





Registered office: 42 Langton Avenue
London
N20 9DA





Registered number: OC351807 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
Suite 11, Manchester House
113 Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP

Entourage Management LLP (Registered number: OC351807)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 8,964
Investments 5 3,216,428 3,044,426
3,216,428 3,053,390

Current assets
Debtors 6 2,713,366 2,230,789
Cash at bank 1,356,735 2,870,440
4,070,101 5,101,229
Creditors
Amounts falling due within one year 7 66,529 134,619
Net current assets 4,003,572 4,966,610
Total assets less current liabilities
and
Net assets attributable to members 7,220,000 8,020,000

Loans and other debts due to members 9 20,000 20,000

Members' other interests
Capital accounts 7,200,000 8,000,000
7,220,000 8,020,000

Total members' interests
Loans and other debts due to members 9 20,000 20,000
Members' other interests 7,200,000 8,000,000
7,220,000 8,020,000

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Entourage Management LLP (Registered number: OC351807)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 August 2024 and were signed by:





R J Audley - Designated member

Entourage Management LLP (Registered number: OC351807)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. Statutory information

Entourage Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern
Given the positive nature of the balance sheet the members have a reasonable expectation that the LLP has adequate resources to continue in existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is recognised at the point the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is not provided on the freehold property on the grounds that the depreciation charge and accumulated depreciation are immaterial, as the Members estimate that the residual value of the property is not significantly different to its cost. The freehold property is subject to an annual impairment review to ensure the carrying amount is not materially misstated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Hire purchase and leasing commitments
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed

Members' participation rights
Members' participation rights are the rights of a member against the limited liability partnership that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the limited liability partnership are analysed between those that are, from the limited liability partnership's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the limited liability partnership has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Taxation
The taxation payable on the partnership profits is solely the personal liability of the individual members consequently neither partnership taxation nor related deferred taxation arising in respect of the partnership are accounted for in these financial statements.

Entourage Management LLP (Registered number: OC351807)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. Employee information

The average number of employees during the year was 5 (2023 - 5 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 22,790
Disposals (22,790 )
At 31 March 2024 -
Depreciation
At 1 April 2023 13,826
Charge for year 1,121
Eliminated on disposal (14,947 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 8,964

5. Fixed asset investments
Other
investments
£   
Cost
At 1 April 2023 3,044,426
Additions 172,002
At 31 March 2024 3,216,428
Net book value
At 31 March 2024 3,216,428
At 31 March 2023 3,044,426

6. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 1,333,263 1,802,864
Other debtors 30,103 27,925
1,363,366 1,830,789

Amounts falling due after more than one year:
Other debtors 1,350,000 400,000

Aggregate amounts 2,713,366 2,230,789

Entourage Management LLP (Registered number: OC351807)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,651 -
Taxation and social security 20,549 20,448
Other creditors 43,329 114,171
66,529 134,619

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 40,420 28,004
Between one and five years 66,399 10,618
106,819 38,622

9. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debtors due to members" will rank equally with unsecured creditors.