Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-20The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue1No description of principal activity2023-09-01false1false OC377564 2023-09-01 2024-08-31 OC377564 2022-09-01 2023-08-31 OC377564 2024-08-31 OC377564 2023-08-31 OC377564 c:OfficeEquipment 2023-09-01 2024-08-31 OC377564 c:OfficeEquipment 2024-08-31 OC377564 c:OfficeEquipment 2023-08-31 OC377564 c:CurrentFinancialInstruments 2024-08-31 OC377564 c:CurrentFinancialInstruments 2023-08-31 OC377564 c:CurrentFinancialInstruments 2 2024-08-31 OC377564 c:CurrentFinancialInstruments 2 2023-08-31 OC377564 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 OC377564 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC377564 e:FRS102 2023-09-01 2024-08-31 OC377564 e:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 OC377564 e:FullAccounts 2023-09-01 2024-08-31 OC377564 e:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC377564 e:PartnerLLP1 2023-09-01 2024-08-31 OC377564 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-08-31 OC377564 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-08-31 OC377564 c:FurtherSpecificReserve3ComponentTotalEquity 2024-08-31 OC377564 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC377564 f:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: OC377564









WHITE ROPE MUSIC LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
WHITE ROPE MUSIC LLP
REGISTERED NUMBER: OC377564

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
 5 
199,778
365,407

Cash at bank and in hand
 6 
5,068
23,675

  
204,846
389,082

Creditors: Amounts Falling Due Within One Year
 7 
-
(51,056)

Net current assets
  
 
 
204,846
 
 
338,026

Total assets less current liabilities
  
204,846
338,026

  

Net assets
  
204,846
338,026


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
24,846
158,026

  
24,846
158,026

Members' other interests
  

Members' capital classified as equity
  
180,000
180,000

  
 
180,000
 
180,000

  
204,846
338,026


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(111,340)
(269,367)

Loans and other debts due to members
  
24,846
158,026

Members' other interests
  
180,000
180,000

  
93,506
68,659


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.
Page 1

 
WHITE ROPE MUSIC LLP
REGISTERED NUMBER: OC377564
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


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 on 20 May 2025.




Mr A Skarbek
Designated member

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

White Rope Music 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

 
WHITE ROPE MUSIC LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 2024







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
65,740
65,740
-
-
65,740

Members' interests after profit for the year
180,000
66,290
246,290
36,695
36,695
282,985

Other division of profits
-
(66,290)
(66,290)
66,290
66,290
-

Drawings on account and distribution of profit
-
-
-
(214,326)
(214,326)
(214,326)

Amounts due to members
158,026
158,026

Amounts due from members
 



(269,367)
(269,367)


Balance at 31 August 2023
180,000
-
180,000
(111,341)
(111,341)
68,659

Profit for the year available for discretionary division among members
 
-
161,176
161,176
-
-
161,176

Members' interests after profit for the year
180,000
161,176
341,176
(111,341)
(111,341)
229,835

Other division of profits
-
(161,176)
(161,176)
186,023
186,023
24,847

Drawings on account and distribution of profit
-
-
-
(161,176)
(161,176)
(161,176)

Amounts due to members
24,846
24,846

Amounts due from members
 



(111,340)
(111,340)


Balance at 31 August 2024 
180,000
-
180,000
(86,494)
(86,494)
93,506

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

 
WHITE ROPE MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

White Rope Music LLP is a limited liability partnership incorporated in England and Wales. The address of the entity's registered office is 50 Liverpool Street, London, EC2M 7PY. 

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 GBP.

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

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
WHITE ROPE MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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:

Office equipment
-
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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

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


3.


Employees




The average monthly number of employees, including members, during the year was 1 (2023 - 1).

Page 5

 
WHITE ROPE MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
1,791



At 31 August 2024

1,791



Depreciation


At 1 September 2023
1,791



At 31 August 2024

1,791



Net book value



At 31 August 2024
-



At 31 August 2023
-


5.


Debtors

2024
2023
£
£



Trade debtors
86,649
-

Other debtors
1,681
5,540

Prepayments and accrued income
108
90,500

Amounts due from members
111,340
269,367

199,778
365,407



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,068
23,675

5,068
23,675


Page 6

 
WHITE ROPE MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
30,132

Accruals and deferred income
-
20,924

-
51,056



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
24,846
158,026

24,846
158,026

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

2024
2023
£
£



Falling due within one year
24,846
158,026

24,846
158,026

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

 
Page 7