Limited Liability Partnership registration number OC394268 (England and Wales)
MOUNT KIMBIE TOURING LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MOUNT KIMBIE TOURING LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MOUNT KIMBIE TOURING LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,140
1,520
Current assets
Debtors
4
26,540
59,547
Cash at bank and in hand
8,173
2,441
34,713
61,988
Creditors: amounts falling due within one year
5
(22,534)
(44,256)
Net current assets
12,179
17,732
Total assets less current liabilities and net assets attributable to members
13,319
19,252
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
13,319
19,252
Total members' interests
Amounts due from members
(6,314)
(2,677)
Loans and other debts due to members
13,319
19,252
7,005
16,575

For the financial year ended 31 March 2025 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 03 July 2025 and are signed on their behalf by:
Kai Campos
Dom Maker
Designated member
Designated Member
Limited Liability Partnership registration number OC394268 (England and Wales)
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MOUNT KIMBIE TOURING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
Limited liability partnership information

Mount Kimbie Touring LLP is a limited liability partnership incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Revenue from contacts for the provision of live performances is recognised based on performance date.

 

Merchandise income is recognised on a receivable basis to the extent than can quantified from amounts received from or declared by licensees and other parties.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.

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MOUNT KIMBIE TOURING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.6
Financial instruments

The limited liability partnership has only has assets which are classified as basic financial instruments.

 

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

 

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
-
0
-
0
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MOUNT KIMBIE TOURING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Tangible fixed assets
Equipment
£
Cost
At 1 April 2024 and 31 March 2025
8,848
Depreciation and impairment
At 1 April 2024
7,328
Depreciation charged in the year
380
At 31 March 2025
7,708
Carrying amount
At 31 March 2025
1,140
At 31 March 2024
1,520
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
11,857
2,142
Amounts owed by members
6,314
2,677
Other debtors
8,369
54,728
26,540
59,547
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,211
2,708
Trade creditors
11,613
16,457
Taxation and social security
1,396
-
Other creditors
7,314
25,091
22,534
44,256
6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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MOUNT KIMBIE TOURING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Members' transactions

All designated members of Mount Kimbie Touring LLP are partners of Mount Kimbie partnership.

 

During the year, Mount Kimbie Partnership incurred expenses on behalf of Mount Kimbie Touring LLP totalling £108,195 and was repaid £92,813. At the Balance Sheet date the LLP owed the partnership £Nil (2024: £15,382 owed to the partnership ).

 

 

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