Limited Liability Partnership Registration No. OC428629 (England and Wales)
SHAKE-SCENE SHAKESPEARE LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
SHAKE-SCENE SHAKESPEARE LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
E Hughes
L Emmanuel
C Roncallo
LLP registration number
OC428629
Registered office
Flat 1 4 Fielding Road
London
W14 0LL
Accountants
Begbies
9 Bonhill Street
London
EC2A 4DJ
SHAKE-SCENE SHAKESPEARE LLP
CONTENTS
Page
Members' report
1
Accountants' report
3
Statement of comprehensive income
4
Statement of financial position
5
Notes to the financial statements
6 - 8
SHAKE-SCENE SHAKESPEARE LLP
MEMBERS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The members present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the limited liability partnership is that of a producing and teaching theatre business.

Members' drawings, contributions and repayments

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

 

A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

Designated members

The designated members who held office during the year and up to the date of signature of the financial statements were as follows:

E Hughes
L Emmanuel
C Roncallo
Small LLPs exemption

This report has been prepared in accordance with the special provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime within Part 15 of the Companies Act 2006.

Approved by the members on 16 June 2025 and signed on behalf by:
16 June 2025
E Hughes
Designated Member
SHAKE-SCENE SHAKESPEARE LLP
MEMBERS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice. Under company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that period. In preparing these financial statements, the members are required to:

 

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the limited liability partnership’s transactions and disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SHAKE-SCENE SHAKESPEARE LLP
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHAKE-SCENE SHAKESPEARE LLP FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shake-Scene Shakespeare LLP for the year ended 31 March 2025 which comprise the statement of comprehensive income, the statement of financial position and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the limited liability partnership's members of Shake-Scene Shakespeare LLP, as a body, in accordance with the terms of our engagement letter dated 18 May 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Shake-Scene Shakespeare LLP and state those matters that we have agreed to state to the limited liability partnership's members of Shake-Scene Shakespeare LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shake-Scene Shakespeare LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Shake-Scene Shakespeare LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shake-Scene Shakespeare LLP. You consider that Shake-Scene Shakespeare LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shake-Scene Shakespeare LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Begbies
Chartered Accountants
9 Bonhill Street
London
EC2A 4DJ
16 June 2025
SHAKE-SCENE SHAKESPEARE LLP
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2025
2024
Notes
£
£
Turnover
5,562
2,489
Cost of sales
(3,062)
(614)
Gross profit
2,500
1,875
Administrative expenses
(4,208)
(1,904)
Other operating income
250
500
(Loss)/profit for the financial year before members' remuneration and profit shares
(1,458)
471
Members' remuneration charged as an expense
3
1,458
(471)
Result for the financial year available for discretionary division among members
-
-

The income statement has been prepared on the basis that all operations are continuing operations.

SHAKE-SCENE SHAKESPEARE LLP
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 5 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
4,791
-
Cash at bank and in hand
2,143
2,991
6,934
2,991
Creditors: amounts falling due within one year
5
(1,319)
(1,319)
Net current assets and net assets attributable to members
5,615
1,672
Represented by:
Loans and other debts due to members within one year
6
Amounts due in respect of profits
(2,645)
(4,978)
Other amounts
8,260
6,650
5,615
1,672
Total members' interests
6
Amounts due from members
(4,791)
-
Loans and other debts due to members
5,615
1,672
824
1,672

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 in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 16 June 2025 and are signed on their behalf by:
16 June 2025
E Hughes
L Emmanuel
Designated member
Designated Member
Limited Liability Partnership registration number OC428629 (England and Wales)
SHAKE-SCENE SHAKESPEARE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
1
Accounting policies
Limited liability partnership information

Shake-Scene Shakespeare LLP is a limited liability partnership incorporated in England and Wales. The registered office is Flat 1 4 Fielding Road, London, W14 0LL.

 

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 January 2017, 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 limited liability partnerships subject to the small limited liability partnerships' 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 on the historical cost convention except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

1.2
Going concern

The limited liability partnership is dependent upon the financial support from the members who have confirmed that support will continue in the foreseeable future. On that basis the members consider it appropriate to prepare the financial statements on the going concern basis.

1.3
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax. Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance.

1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement.

 

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.

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.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments.

1.6
Financial instruments
SHAKE-SCENE SHAKESPEARE LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

2
Employees

There were no employees in the period.

3
Members' remuneration
2025
2024
Number
Number
Average number of members during the year
3
3
SHAKE-SCENE SHAKESPEARE LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by members
4,791
-
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,319
1,319
6
Reconciliation of Members' Interests
DEBT
TOTAL
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other amounts
Total
Total
2025
£
£
£
Amounts due to members
1,672
Members' interests at 1 April 2024
1,672
1,672
1,672
Members' remuneration charged as an expense
(1,458)
(1,458)
(1,458)
Profit for the financial year available for discretionary division among members
-
-
-
Members' interests after loss and remuneration for the year
214
214
214
Introduced by members
1,610
1,610
1,610
Drawings
(1,000)
(1,000)
(1,000)
Members' interests at 31 March 2025
824
824
824
Amounts due to members
5,615
Amounts due from members, included in debtors
(4,791)
824
7
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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