Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31true2023-04-01falseConsultancy Services22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC412337 2023-04-01 2024-03-31 OC412337 2022-04-01 2023-03-31 OC412337 2024-03-31 OC412337 2023-03-31 OC412337 c:CurrentFinancialInstruments 2024-03-31 OC412337 c:CurrentFinancialInstruments 2023-03-31 OC412337 c:CurrentFinancialInstruments 2 2024-03-31 OC412337 c:CurrentFinancialInstruments 2 2023-03-31 OC412337 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC412337 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC412337 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 OC412337 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 OC412337 e:FRS102 2023-04-01 2024-03-31 OC412337 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC412337 e:FullAccounts 2023-04-01 2024-03-31 OC412337 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC412337 c:WithinOneYear 2024-03-31 OC412337 c:BetweenOneFiveYears 2024-03-31 OC412337 c:MoreThanFiveYears 2024-03-31 OC412337 e:PartnerLLP1 2023-04-01 2024-03-31 OC412337 e:PartnerLLP2 2023-04-01 2024-03-31 OC412337 e:PartnerLLP3 2023-04-01 2024-03-31 OC412337 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC412337 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC412337 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC412337 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC412337 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC412337









PAVILION PRODUCTIONS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PAVILION PRODUCTIONS LLP
 

INFORMATION



Designated Members
J Darby
S Robinson

LLP registered number
OC412337

Registered office
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ

Accountants
Rawlinson & Hunter LLP
Chartered Accountants
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ


 
PAVILION PRODUCTIONS LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 7

 
PAVILION PRODUCTIONS LLP
REGISTERED NUMBER: OC412337

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,590
-

Cash at bank and in hand
 5 
5,196
5,292

  
9,786
5,292

Creditors: Amounts Falling Due Within One Year
 6 
(9,784)
(5,088)

Net current assets
  
 
 
2
 
 
204

Total assets less current liabilities
  
2
204

  

Net assets
  
2
204


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
-
202

  
-
202

Members' other interests
  

Members' capital classified as equity
  
2
2

  
 
2
 
2

  
2
204


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(4,590)
-

Loans and other debts due to members
 8 
-
202

Members' other interests
  
2
2

  
(4,588)
204

Page 1

 
PAVILION PRODUCTIONS LLP
REGISTERED NUMBER: OC412337
    
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 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: 




J Darby
S Robinson
Designated member
Designated member


Date: 28 December 2024
Date:28 December 2024

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
PAVILION PRODUCTIONS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Loss for the year available for discretionary division among members
 
-
(6,352)
(6,352)
-
-
(6,352)

Members' interests after loss for the year
2
(6,352)
(6,350)
(7,446)
(7,446)
(13,796)

Other division of losses
-
6,352
6,352
(6,352)
(6,352)
-

Amounts introduced by members
-
-
-
14,000
14,000
14,000

Amounts due to members
 



202
202


Balance at 31 March 2023
2
-
2
202
202
204

Loss for the year available for discretionary division among members
 
-
(35,181)
(35,181)
-
-
(35,181)

Members' interests after loss for the year
2
(35,181)
(35,179)
202
202
(34,977)

Other division of losses
-
35,181
35,181
(35,181)
(35,181)
-

Amounts introduced by members
-
-
-
30,389
30,389
30,389

Amounts due from members
 



(4,590)
(4,590)


Balance at 31 March 2024 
2
-
2
(4,590)
(4,590)
(4,588)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
PAVILION PRODUCTIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Pavilion Productions LLP is a Limited Liability Partnership incorporated and domiciled in England and Wales with registration number OC412337. The registered office address is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.
On 24 June 2020, Pavilion Productions LLP, along with its members, became party to a lease agreement. Up to 31 March 2023, Pavilion Productions LLP's role was a nominee for those members, and any income, expenses or obligation in relation to the lease was the responsibility of the members. From 1 April 2023, the intention of the lease was changed to be split between the LLP and the members, and it was agreed that Pavilion Productions LLP will now incur one third of any income, expenses or obligation in relation to the lease and the remaining two thirds is the responsibility of the members. 

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the LLP will continue in existence for the foreseeable future.  After reviewing the working capital requirements of the LLP the members have agreed to provide such support to the company as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing of these financial statements.  

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Taxation

No provision for taxation is made in the LLP's financial statements as any liability arising is assessable directly on the members. 

 
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.

Page 4

 
PAVILION PRODUCTIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.


 
2.8

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including members, during the year was 2 (2023 - 2).

4.


Debtors

2024
2023
£
£


Amounts due from members
4,590
-



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,196
5,292


Page 5

 
PAVILION PRODUCTIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,960
-

Accruals and deferred income
4,824
5,088

9,784
5,088



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
5,196
5,292




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
-
202

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

2024
2023
£
£



Falling due within one year
-
202

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

Page 6

 
PAVILION PRODUCTIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
85,095

Later than 1 year and not later than 5 years
270,912

Later than 5 years
46,162

402,169

Page 7