Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC401492 Mr Matthew Healy Mr Adam Hann Mr George Daniel Mr Ross MacDonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC401492 2023-03-31 OC401492 2024-03-31 OC401492 2023-04-01 2024-03-31 OC401492 frs-core:CurrentFinancialInstruments 2024-03-31 OC401492 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC401492 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC401492 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC401492 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC401492 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC401492 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC401492 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC401492 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC401492 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC401492 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC401492 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC401492 2022-03-31 OC401492 2023-03-31 OC401492 2022-04-01 2023-03-31 OC401492 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC401492
The 1975 Productions 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
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: OC401492
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 912,634
Debtors 5 6,341,316 4,204,117
Cash at bank and in hand 81,752 1,414,887
6,423,068 6,531,638
Creditors: Amounts Falling Due Within One Year 6 (6,423,068 ) (6,531,638 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
TOTAL MEMBERS' INTEREST
Amounts due from members (691,748) (313,878)
(691,748) (313,878)
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
Mr Matthew Healy
Designated Member
30/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The 1975 Productions LLP is a limited liability partnership, incorporated in England & Wales, registered number OC401492 . 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. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services in the form of live performances.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
2.6. 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 as follows:
2024 2023
Office and administration 4 4
4 4
4. Stocks
2024 2023
£ £
Work in progress - 912,634
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 949,139 1,737,432
Prepayments and accrued income 4,344,065 1,979,143
Other Debtor 316,659 173,664
VAT 39,705 -
Amounts due from members 691,748 313,878
6,341,316 4,204,117
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 383,392 1,445,401
Bank loans and overdrafts - 15,810
VAT - 273,191
Other creditor 156,772 126,375
Accruals and deferred income 5,882,904 4,670,861
6,423,068 6,531,638
Page 3