Limited Liability Partnership registration number OC447357 (England and Wales)
BROWNSVILLE PRODUCTIONS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 17 MAY 2023 TO 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
BROWNSVILLE PRODUCTIONS LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr O Eralp
Mr W Brown
LLP registration number
OC447357
Registered office
C/O YMU Business Management Ltd
180 Great Portland Street
London
W1W 5QZ
Accountants
YMU Business Management Limited
180 Great Portland Street
London
W1W 5QZ
BROWNSVILLE PRODUCTIONS LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BROWNSVILLE PRODUCTIONS LLP
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
3
46,306
Cash at bank and in hand
16,122
62,428
Creditors: amounts falling due within one year
4
(43,657)
Net current assets and net assets attributable to members
18,771
Represented by:
Members' other interests
Members' capital classified as equity
223,464
Other reserves classified as equity
(204,693)
18,771

For the financial period ended 31 March 2024 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 24 December 2024 and are signed on their behalf by:
24 December 2024
Mr O  Eralp
Designated member
Limited Liability Partnership registration number OC447357 (England and Wales)
BROWNSVILLE PRODUCTIONS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Limited liability partnership information

Brownsville Productions LLP is a limited liability partnership incorporated in England and Wales. The registered office is C/O YMU Business Management Ltd, 180 Great Portland Street, London, W1W 5QZ.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Reporting period

This is the entity's first reporting period and these financial statements are presented for a period of 10 months from 17th May 2023 to the 31st March 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

1.3
Turnover

Turnover represents the amounts receivable in respect of musician promotion net of Value Added Tax.

1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP 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 LLP are analysed between those that are, from the LLP'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 LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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.

BROWNSVILLE PRODUCTIONS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

2
Employees

The average number of persons (excluding members) employed by the partnership during the period was:

2024
Number
Total
-
0
3
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
235
Other debtors
46,071
46,306
4
Creditors: amounts falling due within one year
2024
£
Trade creditors
41,177
Other creditors
2,480
43,657
5
Loans and other debts due to members

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

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