Registered number
OC397013
Moorhouse Music LLP
Filleted Accounts
31 March 2025

Moorhouse Music LLP
Registered number: | OC397013
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Current assets |  |  |  |  |
Stocks |  |  | 116 |  | 328
Cash at bank and in hand |  |  | 20,623 |  | 17,206
|  |  | 20,739 |  | 17,534
Creditors: amounts falling due within one year | 5 |  | - |  | (2,112)
Net current assets |  |  | 20,739 |  | 15,422
Total assets less current liabilities |  |  | 20,739 |  | 15,422
Net assets attributable to members | 20,739 |  | 15,422
Represented by:
Loans and other debts due to members | 6 |  | 2,000 |  | 2,000
Members' other interests
Other reserves |  |  | 18,739 |  | 13,422
|  |  | 20,739 |  | 15,422
Total members' interests
Loans and other debts due to members | 6 |  | 2,000 |  | 2,000
Members' other interests |  |  | 18,739 |  | 13,422
|  |  | 20,739 |  | 15,422
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 20 May 2025 and signed on their behalf by:
Richard Moorhouse
Designated member

Moorhouse Music LLP
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
| 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | over 4 years
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 2 |  | 2
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 April 2024 | 14,970
| At 31 March 2025 | 14,970
| Amortisation
| At 1 April 2024 | 14,970
| At 31 March 2025 | 14,970
| Net book value
| At 31 March 2025 | -
| Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 April 2024 | 2,212
| At 31 March 2025 | 2,212
| Depreciation
| At 1 April 2024 | 2,212
| At 31 March 2025 | 2,212
| Net book value
| At 31 March 2025 | -
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | - |  | 2,112
6 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Members capital classified as debt | 2,000 |  | 2,000
| Amounts falling due within one year | 2,000 |  | 2,000
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 | Other information
| Moorhouse Music LLP is a limited liability partnership incorporated in England. Its registered office is:
| White House
| High |Street
| |South Moreton
| Oxon.
| OX11 9AG
8 | Sundry income | 2025 |  | 2024
| Refund for cancelled show | - |  | 600
9 | Sundry expenses | 2025 |  | 2024
| Musical charities donations | - |  | 855
| Parking | 21 |  | 10
| Teacher assistance | - |  | 50
| Instrument hire | - |  | 20
| First aid training | 192 |  | -
|  |  |  |  |  | 213 |  | 935

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