Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false2024-04-01falseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC368515 2024-04-01 2025-03-31 OC368515 2023-04-01 2024-03-31 OC368515 2025-03-31 OC368515 2024-03-31 OC368515 c:PlantMachinery 2024-04-01 2025-03-31 OC368515 c:PlantMachinery 2025-03-31 OC368515 c:PlantMachinery 2024-03-31 OC368515 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC368515 c:OfficeEquipment 2024-04-01 2025-03-31 OC368515 c:ComputerEquipment 2025-03-31 OC368515 c:ComputerEquipment 2024-03-31 OC368515 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC368515 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC368515 c:CurrentFinancialInstruments 2025-03-31 OC368515 c:CurrentFinancialInstruments 2024-03-31 OC368515 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC368515 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC368515 d:FRS102 2024-04-01 2025-03-31 OC368515 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC368515 d:FullAccounts 2024-04-01 2025-03-31 OC368515 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC368515 2 2024-04-01 2025-03-31 OC368515 d:PartnerLLP4 2024-04-01 2025-03-31 OC368515 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC368515 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC368515 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC368515









STEPS MUSIC LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
STEPS MUSIC LLP
REGISTERED NUMBER: OC368515

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
723
966

  
723
966

Current assets
  

Debtors: amounts falling due within one year
 5 
2,962
5,645

Cash at bank and in hand
 6 
123,549
74,872

  
126,511
80,517

Creditors: Amounts Falling Due Within One Year
 7 
(17,851)
(17,651)

Net current assets
  
 
 
108,660
 
 
62,866

Total assets less current liabilities
  
109,383
63,832

  

Net assets
  
109,383
63,832


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
109,383
63,832

  
 
109,383
 
63,832

  
109,383
63,832


Total members' interests
  

Members' other interests
  
109,383
63,832

  
109,383
63,832


Page 1

 
STEPS MUSIC LLP
REGISTERED NUMBER: OC368515
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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) 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 statement of comprehensive income 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: 




................................................
Ms C Hill
Designated member

Date: 19 August 2025

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

Steps Music LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
STEPS MUSIC LLP
 

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





EQUITY
Members' other interests
Members' capital (classified as equity)
Other reserves
Total

£
£
£

Profit for the year available for discretionary division among members
 
-
320,944
320,944

Members' interests after profit for the year
291,662
320,944
612,606

Other division of profits
320,944
(320,944)
-

Repayment of capital
(548,774)
-
(548,774)

Balance at 31 March 2024
63,832
-
63,832

Profit for the year available for discretionary division among members
 
-
89,753
89,753

Members' interests after profit for the year
63,832
89,753
153,585

Other division of profits
89,753
(89,753)
-

Repayment of capital
(44,202)
-
(44,202)

Balance at 31 March 2025 
109,383
-
109,383

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

 
STEPS MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Steps Music LLP is a Limited Liability Partnership incorporated in England and Wales (Registered number: OC368515). The registered Office address of the LLP is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH 

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

Page 4

 
STEPS MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance basis
Office equipment
-
25%
Reducing balance basis

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 directors, during the year was 5 (2024 - 5).

Page 5

 
STEPS MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
2,425
4,813
7,238



At 31 March 2025

2,425
4,813
7,238



Depreciation


At 1 April 2024
2,102
4,170
6,272


Charge for the year on owned assets
81
162
243



At 31 March 2025

2,183
4,332
6,515



Net book value



At 31 March 2025
242
481
723



At 31 March 2024
323
643
966

Page 6

 
STEPS MUSIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
1,213
-

Prepayments and accrued income
1,749
5,645

2,962
5,645



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
123,549
74,872

123,549
74,872



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
1,689
(60)

Other taxation and social security
6,085
3,745

Accruals and deferred income
10,077
13,966

17,851
17,651


 
Page 7