Registered No. OC442277 (England and Wales)
MURPHY MUSIC LLP
Unaudited accounts
for the year ended 5 April 2025
MURPHY MUSIC LLP
LLP Information
for the year ended 5 April 2025
Designated members
Mr Mark Banks
Registered Number
OC442277 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
MURPHY MUSIC LLP
Statement of financial position
as at 5 April 2025
Cash at bank and in hand
4,428
980
Creditors: amounts falling due within one year
(419)
(2,459)
Net current assets/(liabilities)
4,009
(1,479)
Net assets/(liabilities) attributable to members
4,834
(1,479)
Loans and other debts due to members
3,118
366
Other reserves
1,716
(1,845)
Loans and other debts due to members
3,118
366
Members' other interests
1,716
(1,845)
For the year ending 5 April 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 8 May 2025.
Mr Mark Banks
Designated member
Limited Liability Partnership Registration No. OC442277
MURPHY MUSIC LLP
Notes to the Accounts
for the year ended 5 April 2025
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.
The accounts are presented in £ sterling.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
MURPHY MUSIC LLP is a limited liability partnership, incorporated in England and Wales, registration number OC442277. Its registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
3
Tangible fixed assets
Plant & machinery
MURPHY MUSIC LLP
Notes to the Accounts
for the year ended 5 April 2025
4
Creditors: amounts falling due within one year
2025
2024
5
Loans and other debts due to members
2025
2024
Loans from members
3,118
366
Amounts falling due within one year
3,118
366
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2024: 2).