ACCOUNTS - Final Accounts preparation

Registered number: OC453209

TWO BOB TOURS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025


TWO BOB TOURS LLP REGISTERED NUMBER:OC453209

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£


Current assets
Debtors: amounts falling due within one year	4	1,320,258
Cash at bank and in hand	5	18,697
		1,338,955
Creditors: amounts falling due within one year	6	(1,221,415)
Net current assets			117,540
Total assets less current liabilities			117,540

Net assets			117,540

Represented by:
Loans and other debts due to members within one year
Other amounts	7	117,540
		117,540

		117,540

Total members' interests
Loans and other debts due to members	7	117,540
		117,540

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TWO BOB TOURS LLP REGISTERED NUMBER:OC453209

BALANCE SHEET (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 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:

P T Cook

Designated member

Date: 5 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Two Bob Tours 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.

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TWO BOB TOURS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Two Bob Tours LLP is a limited liability partnership, registered in England and Wales, registration number OC453209. The registered office address is 4th Floor, Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The LLP was incorporated on 31 July 2024 and commenced trading on the same date.

The accounting reference date of the LLP has been shortened from 31 July 2025 to 31 March 2025.
The principal activity of the LLP is that of music live touring.

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 Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit and loss account.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from live touring is recognised when it is probable the company will receive the right to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
Royalties receivable are recognised in the accounting year in which it was received.

2.4

Interest income

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

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TWO BOB TOURS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

In the event of the LLP making losses, the loss is recognised as a debit within equity under 'Other reserves'.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The LLP enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

Employees

The average monthly number of employees, including members, during the period was 4.

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TWO BOB TOURS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					2025
					£


	Trade debtors	479,812
	Other debtors	432
	Prepayments	840,014
		1,320,258

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	18,697

6.	Creditors: amounts falling due within one year
		2025
		£

	Trade creditors	655,065
	Other taxation and social security	16,674
	Other creditors	100,000
	Accruals and deferred income	449,676
		1,221,415

7.	Loans and other debts due to members

		2025
		£


	Other amounts due to members	117,540

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

					2025
					£


	Falling due within one year	117,540

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

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