Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC416406 Heather Baron-Gracie Ciara Doran Charles Wood Hugo Silvani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC416406 2023-03-31 OC416406 2024-03-31 OC416406 2023-04-01 2024-03-31 OC416406 frs-core:CurrentFinancialInstruments 2024-03-31 OC416406 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC416406 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC416406 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC416406 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC416406 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC416406 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC416406 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC416406 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC416406 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC416406 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC416406 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC416406 2022-03-31 OC416406 2023-03-31 OC416406 2022-04-01 2023-03-31 OC416406 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC416406
Pale Waves Touring LLP
Financial Statements
For The Year Ended 31 March 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC416406
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 80,170 120,740
Cash at bank and in hand 37,567 11,630
117,737 132,370
Creditors: Amounts Falling Due Within One Year 5 (16,959 ) (63,146 )
NET CURRENT ASSETS (LIABILITIES) 100,778 69,224
TOTAL ASSETS LESS CURRENT LIABILITIES 100,778 69,224
NET ASSETS ATTRIBUTABLE TO MEMBERS 100,778 69,224
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 100,778 69,224
100,778 69,224
100,778 69,224
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 100,778 69,224
100,778 69,224
Page 1
Page 2
For the year ending 31 March 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Heather Baron-Gracie
Designated Member
Ciara Doran
Designated Member
Charles Wood
Designated Member
Hugo Silvani
Designated Member
23/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pale Waves Touring LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416406 . The Registered Office is 1st Floor, 104 Oxford Street, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover includes revenue earned from the sale of goods and from the rendering of services in the form of live performances.

2.3. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
2024 2023
Office and administration 4 4
4 4
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 14,622
Prepayments and accrued income 7,482 32,770
Other debtor 70,290 69,456
VAT 2,398 3,892
80,170 120,740
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,603 51,689
Accruals and deferred income 9,356 11,457
16,959 63,146
Page 4