IRIS Accounts Production v24.3.0.553 OC437633 designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4376332023-03-31OC4376332024-03-31OC4376332023-04-012024-03-31OC4376332022-03-31OC4376332022-04-012023-03-31OC4376332023-03-31OC437633ns15:EnglandWales2023-04-012024-03-31OC437633ns14:PoundSterling2023-04-012024-03-31OC437633ns10:PartnerLLP12023-04-012024-03-31OC437633ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC437633ns10:SmallEntities2023-04-012024-03-31OC437633ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC437633ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC437633ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC437633ns10:FullAccounts2023-04-012024-03-31OC437633ns10:PartnerLLP22023-04-012024-03-31OC437633ns10:RegisteredOffice2023-04-012024-03-31OC437633ns5:CurrentFinancialInstruments2024-03-31OC437633ns5:CurrentFinancialInstruments2023-03-31OC437633ns5:PlantMachinery2023-04-012024-03-31OC437633ns5:PlantMachinery2023-03-31OC437633ns5:PlantMachinery2024-03-31OC437633ns5:PlantMachinery2023-03-31OC437633ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC437633ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: OC437633 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Burning Drum LLP

Burning Drum LLP (Registered number: OC437633)

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


Burning Drum LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Anglo Management Music Ltd
J Drummond





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC437633 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Burning Drum LLP (Registered number: OC437633)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,903 823

CURRENT ASSETS
Debtors 5 300,385 109,326
Cash at bank 145,505 62,622
445,890 171,948
CREDITORS
Amounts falling due within one year 6 54,269 11,788
NET CURRENT ASSETS 391,621 160,160
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

393,524

160,983

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 393,524 160,983
393,524 160,983

TOTAL MEMBERS' INTERESTS
Members' other interests 393,524 160,983

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.

Burning Drum LLP (Registered number: OC437633)

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 19 November 2024 and were signed by:





Anglo Management Music Ltd - Designated member

Burning Drum LLP (Registered number: OC437633)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Burning Drum 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Burning Drum LLP (Registered number: OC437633)

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


2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 987
Additions 1,286
At 31 March 2024 2,273
DEPRECIATION
At 1 April 2023 164
Charge for year 206
At 31 March 2024 370
NET BOOK VALUE
At 31 March 2024 1,903
At 31 March 2023 823

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 144,745 39,812
Other debtors 155,640 69,514
300,385 109,326

Burning Drum LLP (Registered number: OC437633)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,715 -
Taxation and social security 50,054 10,288
Other creditors 1,500 1,500
54,269 11,788