Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsemusic writing and music production service for theatrical productions and performances22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC429130 2023-04-01 2024-03-31 OC429130 2022-04-01 2023-03-31 OC429130 2024-03-31 OC429130 2023-03-31 OC429130 c:FurnitureFittings 2023-04-01 2024-03-31 OC429130 c:FurnitureFittings 2024-03-31 OC429130 c:FurnitureFittings 2023-03-31 OC429130 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC429130 c:CurrentFinancialInstruments 2024-03-31 OC429130 c:CurrentFinancialInstruments 2023-03-31 OC429130 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC429130 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC429130 d:FRS102 2023-04-01 2024-03-31 OC429130 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC429130 d:FullAccounts 2023-04-01 2024-03-31 OC429130 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC429130 d:PartnerLLP1 2023-04-01 2024-03-31 OC429130 d:PartnerLLP2 2023-04-01 2024-03-31 OC429130 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC429130 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC429130 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC429130














OC429130 LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
OC429130 LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Reconciliation of members' interests
 
3
Notes to the financial statements
 
4 - 7


 
OC429130 LLP
REGISTERED NUMBER:OC429130

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,795
191

  
16,795
191

Current assets
  

Debtors: amounts falling due within one year
 5 
1,408,750
1,299,849

Cash at bank and in hand
 6 
2,574,095
6,337,843

  
3,982,845
7,637,692

Creditors: amounts falling due within one Year
 7 
(286,362)
(262,150)

Net current assets
  
 
 
3,696,483
 
 
7,375,542

Total assets less current liabilities
  
3,713,278
7,375,733

  

Net assets
  
3,713,278
7,375,733


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
3,713,278
7,375,733

  
3,713,278
7,375,733

  

  
3,713,278
7,375,733


Total members' interests
  

Loans and other debts due to members
 8 
3,713,278
7,375,733

  
3,713,278
7,375,733


1

 
OC429130 LLP
REGISTERED NUMBER:OC429130
    
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: 




T Marlow
L Moss
Designated member
Designated member


Date: 12 December 2024
Date:12 December 2024

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

OC429130 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.

2

 
OC429130 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
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 

2,519,131
2,519,131


Balance at 1 April 2022 
-
-
2,519,131
2,519,131
2,519,131

Profit for the year available for discretionary division among members
 
9,226,330
9,226,330
-
-
9,226,330

Members' interests after profit for the year
9,226,330
9,226,330
2,519,131
2,519,131
11,745,461

Other division of profits
(9,226,330)
(9,226,330)
9,226,330
9,226,330
-

Amounts introduced by members
-
-
2,093
2,093
2,093

Drawings on account and distribution of profit
 
-
-
(4,371,822)
(4,371,822)
(4,371,822)

Amounts due to members
 


7,375,733
7,375,733


Balance at 31 March 2023
-
-
7,375,733
7,375,733
7,375,733

Profit for the year available for discretionary division among members
 
9,012,547
9,012,547
-
-
9,012,547

Members' interests after profit for the year
9,012,547
9,012,547
7,375,733
7,375,733
16,388,280

Other division of profits
(9,012,547)
(9,012,547)
9,012,547
9,012,547
-

Drawings on account and distribution of profit
 
-
-
(12,675,001)
(12,675,001)
(12,675,001)

Amounts due to members
 


3,713,278
3,713,278


Balance at 31 March 2024 
-
-
3,713,278
3,713,278
3,713,278

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.

3

 
OC429130 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Big Nice Geese LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC429130. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the LLP is continued to be that of music writing and music production service for theatrical productions and performances
The LLP changed its name from Big Nice Geese LLP to OC429130 LLP on 9 February 2024.

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

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.

 
2.3

Turnover

Turnover from writing and music production 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Royalties are recognised in the accounting year in which it was received.

4

 
OC429130 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 the profit and loss account during the period to which the profits are generated.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Musical instruments
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

5

 
OC429130 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

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


4.


Tangible fixed assets





Musical instruments

£



Cost


At 1 April 2023
663


Additions
18,693



At 31 March 2024

19,356



Depreciation


At 1 April 2023
471


Charge for the year on owned assets
2,090



At 31 March 2024

2,561



Net book value



At 31 March 2024
16,795



At 31 March 2023
192


5.


Debtors

2024
2023
£
£


Trade debtors
43,141
891,170

Other debtors
5,445
3,285

Prepayments and accrued income
1,360,164
405,394

1,408,750
1,299,849



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank
2,574,095
6,337,843


6

 
OC429130 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
5,207
103,780

Other taxation and social security
79,410
52,535

Accruals
201,745
105,835

286,362
262,150



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
3,713,278
7,375,733

3,713,278
7,375,733

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

2024
2023
£
£



Falling due within one year
3,713,278
7,375,733

3,713,278
7,375,733

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

 
7