Limited Liability Partnership registration number OC384935 (England and Wales)
ABSOLUTELY NO WORRIES (UK) LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ABSOLUTELY NO WORRIES (UK) LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Joe Newman
Thomas Green
Augustus Unger-Hamilton
Limited liability partnership number
OC384935
Registered office
3rd Floor
The Bloomsbury Building
10 Bloomsbury Way
Holborn
WC1A 2SL
Accountants
CC Young & Co Limited
3rd Floor
The Bloomsbury Building
10 Bloomsbury Way
Holborn
WC1A 2SL
ABSOLUTELY NO WORRIES (UK) LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ABSOLUTELY NO WORRIES (UK) LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
4,504
71,983
Cash at bank and in hand
406,146
1,355,480
410,650
1,427,463
Creditors: amounts falling due within one year
4
(46,474)
(80,421)
Net current assets and net assets attributable to members
364,176
1,347,042
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
364,176
1,347,042

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.

T he 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 20 August 2025 and are signed on their behalf by:
Joe Newman
Thomas Green
Designated member
Designated Member
Augustus Unger-Hamilton
Designated Member
Limited Liability Partnership registration number OC384935 (England and Wales)
ABSOLUTELY NO WORRIES (UK) LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Absolutely No Worries (UK) 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 partnerships'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 a mounts 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 goods and services provided to clients, excluding value added tax. Services are provided under contractual obligations which are performed gradually over time.

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

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' 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.

1.4
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.

ABSOLUTELY NO WORRIES (UK) LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
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
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,596
7,954
Other debtors
908
64,029
4,504
71,983
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
60
61
Trade creditors
1,442
1,939
Other creditors
44,972
78,421
46,474
80,421
5
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.

ABSOLUTELY NO WORRIES (UK) LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
6
Related party transactions

During the year, the LLP incurred expenses on behalf of Fairly Ubin Productions LLP totalling £7,174 and was repaid £16,406. At the Balance Sheet date, Fairly Ubin Productions LLP owed the LLP £Nil (2024: £9,232).

During the year, the LLP incurred expenses on behalf of Alt-J totalling £100,000 and was repaid £100,163. At the balance sheet date Alt-J owed the LLP £Nil (2024: £163)

During the year, the LLP incurred expenses on behalf of Alt-J Touring, Inc. totalling £378,853 and was repaid £427,827. At the Balance Sheet date, Alt-J Touring, Inc. owed the LLP £Nil (2024: £48,974).

All of the partners of Fairly Ubin Productions LLP, Alt-J and Alt-J Touring, Inc. are the same as the LLP.

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