Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01true2false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC416988 2023-04-01 2024-03-31 OC416988 2022-04-01 2023-03-31 OC416988 2024-03-31 OC416988 2023-03-31 OC416988 c:CurrentFinancialInstruments 2024-03-31 OC416988 c:CurrentFinancialInstruments 2023-03-31 OC416988 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC416988 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC416988 d:FRS102 2023-04-01 2024-03-31 OC416988 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC416988 d:FullAccounts 2023-04-01 2024-03-31 OC416988 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC416988 d:PartnerLLP1 2023-04-01 2024-03-31 OC416988 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC416988 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC416988 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC416988














HUMANZ LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HUMANZ LLP
REGISTERED NUMBER:OC416988

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
99,326
4,020,272

Cash at bank and in hand
 5 
1,969,959
2,257,731

  
2,069,285
6,278,003

Creditors: amounts falling due within one year
 6 
(58,929)
(2,454,350)

Net current assets
  
 
 
2,010,356
 
 
3,823,653

Total assets less current liabilities
  
2,010,356
3,823,653

  

Net assets
  
2,010,356
3,823,653


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
2,010,356
3,823,653

  
2,010,356
3,823,653

  

  
2,010,356
3,823,653


Total members' interests
  

Loans and other debts due to members
 7 
2,010,356
3,823,653

  
2,010,356
3,823,653


Page 1

 
HUMANZ LLP
REGISTERED NUMBER:OC416988
    
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: 




D Albarn
Designated member

Date: 3 March 2025

The notes on pages 4 to 6 form part of these financial statements.

Humanz 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

 
HUMANZ 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

£
£
£
£
£

Profit for the year available for discretionary division among members
 
6,145,117
6,145,117
-
-
6,145,117

Members' interests after profit for the year
6,145,117
6,145,117
96,886
96,886
6,242,003

Other division of profits
(6,145,117)
(6,145,117)
6,145,117
6,145,117
-

Drawings on account and distribution of profit
-
-
(2,418,350)
(2,418,350)
(2,418,350)

Amounts due to members
 


3,823,653
3,823,653


Balance at 31 March 2023
-
-
3,823,653
3,823,653
3,823,653

Profit for the year available for discretionary division among members
 
1,269,188
1,269,188
-
-
1,269,188

Members' interests after profit for the year
1,269,188
1,269,188
3,823,653
3,823,653
5,092,841

Other division of profits
(1,269,188)
(1,269,188)
1,269,188
1,269,188
-

Drawings on account and distribution of profit
-
-
(3,082,485)
(3,082,485)
(3,082,485)

Amounts due to members
 


2,010,356
2,010,356


Balance at 31 March 2024 
-
-
2,010,356
2,010,356
2,010,356

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

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

1.


General information

Humanz LLP is a limited liability partnership, registered in England and Wales, registration number OC416988. 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 Partice "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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented 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, value added tax and other sales taxes.
Turnover from music touring is recognised when it is probable the LLP will receive the rights to the consideration due under the contract.

Page 4

 
HUMANZ 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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.5

Debtors

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

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

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
43,330
2,215,729

Other debtors
55,994
1,644

Prepayments and accrued income
-
1,802,899

99,324
4,020,272


Page 5

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

5.


Cash

2024
2023
£
£

Cash at bank and in hand
1,969,959
2,257,731



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
7,820
740,286

Other taxation and social security
-
306,234

Other creditors
-
1,050,788

Accruals and deferred income
51,109
357,042

58,929
2,454,350



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
2,010,356
3,823,653

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

2024
2023
£
£



Falling due within one year
2,010,356
3,823,653

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

 
Page 6