Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22023-04-062trueThe principal activity of the company continued to be that of music touring.true OC441163 2023-04-06 2024-04-05 OC441163 2022-02-22 2023-04-05 OC441163 2024-04-05 OC441163 2023-04-05 OC441163 c:CurrentFinancialInstruments 2024-04-05 OC441163 c:CurrentFinancialInstruments 2023-04-05 OC441163 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC441163 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC441163 d:FRS102 2023-04-06 2024-04-05 OC441163 d:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC441163 d:FullAccounts 2023-04-06 2024-04-05 OC441163 d:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC441163 d:PartnerLLP1 2023-04-06 2024-04-05 OC441163 c:FurtherSpecificReserve2ComponentTotalEquity 2024-04-05 OC441163 c:FurtherSpecificReserve2ComponentTotalEquity 2023-04-05 OC441163 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-05 OC441163 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-05 OC441163 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure
Registered number: OC441163














THE WAEVE TOURING LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
THE WAEVE TOURING LLP
REGISTERED NUMBER:OC441163

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
14,670

  
-
14,670

Creditors: Amounts Falling Due Within One Year
 5 
(6,836)
(15,043)

Net current liabilities
  
 
 
(6,836)
 
 
(373)

Total assets less current liabilities
  
(6,836)
(373)

  

Net liabilities
  
(6,836)
(373)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
52,857
29,007

  
52,857
29,007

Members' other interests
  

Other reserves classified as equity
  
(59,693)
(29,380)

  
 
(59,693)
 
(29,380)

  
(6,836)
(373)


Total members' interests
  

Loans and other debts due to members
 6 
52,857
29,007

Members' other interests
  
(59,693)
(29,380)

  
(6,836)
(373)


Page 1

 
THE WAEVE TOURING LLP
REGISTERED NUMBER:OC441163
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 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: 




G Coxon
Designated member

Date: 9 December 2024

The notes on pages 3 to 5 form part of these financial statements.

The Waeve Touring LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
THE WAEVE TOURING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

The Waeve Touring LLP is a limited liability partnership, registered in England and Wales, registration number OC441163. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the LLP continued to be that of music touring.

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.
Turnover from music touring activities is recognised when it is probable the LLP will receive the rights to the consideration due under the contract.

Page 3

 
THE WAEVE TOURING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 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 the profit and loss account during the period to which the profits are generated.

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. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The LLP enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Trade debtors
-
14,265

Prepayments
-
405

-
14,670


Page 4

 
THE WAEVE TOURING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
13,066

Other creditors
5,000
-

Accruals
1,836
1,977

6,836
15,043



6.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
52,857
29,007

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

2024
2023
£
£



Falling due within one year
52,857
29,007

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

 
Page 5