Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.4No description of principal activity42023-04-01falsetruetruefalse OC342929 2023-04-01 2024-03-31 OC342929 2022-04-01 2023-03-31 OC342929 2024-03-31 OC342929 2023-03-31 OC342929 c:CurrentFinancialInstruments 2024-03-31 OC342929 c:CurrentFinancialInstruments 2023-03-31 OC342929 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC342929 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC342929 d:FRS102 2023-04-01 2024-03-31 OC342929 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC342929 d:FullAccounts 2023-04-01 2024-03-31 OC342929 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC342929 2 2023-04-01 2024-03-31 OC342929 d:PartnerLLP1 2023-04-01 2024-03-31 OC342929 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC342929 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC342929 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC342929









PRECIOUSSTONE TOURING LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PRECIOUSSTONE TOURING LLP
REGISTERED NUMBER: OC342929

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
55,886
12,613

Cash at bank and in hand
 5 
7,801
23,619

  
63,687
36,232

Creditors: Amounts Falling Due Within One Year
 6 
(12,670)
(13,900)

Net current assets
  
 
 
51,017
 
 
22,332

Total assets less current liabilities
  
51,017
22,332

Net assets
  
51,017
22,332


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
51,017
22,332

  
51,017
22,332

  
51,017
22,332


Total members' interests
  

Loans and other debts due to members
  
51,017
22,332

  
51,017
22,332


Page 1

 
PRECIOUSSTONE TOURING LLP
REGISTERED NUMBER: OC342929
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 statement of comprehensive income 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 2 December 2024.




A Dixon
Designated member

Page 2

 
PRECIOUSSTONE TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Preciousstone Touring LLP is a Limited Liability Partnership incorporated and registered in England and Wales, registration number OC34292. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

Page 3

 
PRECIOUSSTONE TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
PRECIOUSSTONE TOURING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£

Trade debtors
30,383
1,425

Other debtors
7,795
11,188

Prepayments and accrued income
17,708
-

55,886
12,613



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,801
23,619

7,801
23,619



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,232
9,138

Other taxation and social security
4,279
2,707

Other creditors
2,159
472

Accruals and deferred income
-
1,583

12,670
13,900


 
Page 5