Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true1truefalse2024-09-01No description of principal activityfalse OC377564 2024-09-01 2025-03-31 OC377564 2023-09-01 2024-08-31 OC377564 2025-03-31 OC377564 2024-08-31 OC377564 c:OfficeEquipment 2024-09-01 2025-03-31 OC377564 c:OfficeEquipment 2025-03-31 OC377564 c:OfficeEquipment 2024-08-31 OC377564 c:CurrentFinancialInstruments 2025-03-31 OC377564 c:CurrentFinancialInstruments 2024-08-31 OC377564 c:CurrentFinancialInstruments 2 2025-03-31 OC377564 c:CurrentFinancialInstruments 2 2024-08-31 OC377564 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC377564 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 OC377564 e:FRS102 2024-09-01 2025-03-31 OC377564 e:AuditExempt-NoAccountantsReport 2024-09-01 2025-03-31 OC377564 e:FullAccounts 2024-09-01 2025-03-31 OC377564 e:LimitedLiabilityPartnershipLLP 2024-09-01 2025-03-31 OC377564 e:PartnerLLP1 2024-09-01 2025-03-31 OC377564 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC377564 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-08-31 OC377564 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC377564 c:FurtherSpecificReserve3ComponentTotalEquity 2024-08-31 OC377564 f:PoundSterling 2024-09-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC377564









WHITE ROPE MUSIC LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
WHITE ROPE MUSIC LLP
REGISTERED NUMBER: OC377564

BALANCE SHEET
AS AT 31 MARCH 2025

31 March
31 August
2025
2024
Note
£
£

  

Current assets
  

Debtors
 5 
193,229
199,778

Cash at bank and in hand
 6 
1,546
5,068

  
194,775
204,846

Creditors: Amounts Falling Due Within One Year
 7 
(14,775)
-

Net current assets
  
 
 
180,000
 
 
204,846

Total assets less current liabilities
  
180,000
204,846

  

Net assets
  
180,000
204,846


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
-
24,846

  
-
24,846

Members' other interests
  

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

  
 
180,000
 
180,000

  
180,000
204,846


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(97,039)
(111,340)

Loans and other debts due to members
  
-
24,846

Members' other interests
  
180,000
180,000

  
82,961
93,506


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)
Page 1

 
WHITE ROPE MUSIC LLP
REGISTERED NUMBER: OC377564
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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: 




Mr A Skarbek
Designated member

Date: 16 June 2025

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

Page 2

 
WHITE ROPE MUSIC LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2025







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 period available for discretionary division among members
 
-
161,176
161,176
-
-
161,176

Members' interests after profit for the period
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
(86,495)
(86,495)
93,505

Profit for the period available for discretionary division among members
 
-
56,783
56,783
-
-
56,783

Members' interests after profit for the period
180,000
56,783
236,783
(86,495)
(86,495)
150,288

Other division of profits
-
(56,783)
(56,783)
56,783
56,783
-

Amounts introduced by members
-
-
-
14,301
14,301
14,301

Drawings on account and distribution of profit
-
-
-
(81,629)
(81,629)
(81,629)

Amounts due from members
 



(97,039)
(97,039)


Balance at 31 March 2025 
180,000
-
180,000
(97,039)
(97,039)
82,961

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 PERIOD ENDED 31 MARCH 2025

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 PERIOD ENDED 31 MARCH 2025

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 period was 1 (2024 - 1).

Page 5

 
WHITE ROPE MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


Tangible fixed assets







Office equipment

£





At 1 September 2024
1,791


Disposals
(1,791)



At 31 March 2025

-





At 1 September 2024
1,791


Disposals
(1,791)



At 31 March 2025

-



Net book value



At 31 March 2025
-



At 31 August 2024
-


5.


Debtors

31 March
31 August
2025
2024
£
£



Trade debtors
94,995
86,649

Other debtors
1,195
1,681

Prepayments and accrued income
-
108

Amounts due from members
97,039
111,340

193,229
199,778


Page 6

 
WHITE ROPE MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

6.


Cash and cash equivalents

31 March
31 August
2025
2024
£
£

Cash at bank and in hand
1,546
5,068

1,546
5,068



7.


Creditors: Amounts falling due within one year

31 March
31 August
2025
2024
£
£

Accruals and deferred income
14,775
-

14,775
-



8.


Loans and other debts due to members


31 March
31 August
2025
2024
£
£



Other amounts due to members
-
24,846

-
24,846

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

31 March
31 August
2025
2024
£
£



Falling due within one year
-
24,846

-
24,846

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

 
Page 7