ACCOUNTS - Final Accounts preparation

Registered number: 13549225

WEBB TOURING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


WEBB TOURING LIMITED REGISTERED NUMBER:13549225

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	128,442		183,188
Cash at bank	5	98,398		158,445
		226,840		341,633
Creditors: amounts falling due within one year	6	(29,891)		(80,857)
Net current assets			196,949		260,776
Total assets less current liabilities			196,949		260,776

Net assets			196,949		260,776

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		196,948	260,775
		196,949	260,776

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WEBB TOURING LIMITED REGISTERED NUMBER:13549225

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A A Webb

Director

Date: 9 October 2025

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

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WEBB TOURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Webb Touring Limited is a private company, limited by shares, registered in England and Wales, registration number 13549225. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is continued to be that of music touring activities.

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 Companies Act 2006.

2.2

Foreign currency translation

Functional and presentation currency

The company'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 year 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 are presented in the profit and loss account within 'administrative expense'. 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 company 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 music touring activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.
Merchandise income is recognised when the significant risks and rewards of ownership have been transferred to the buyer.

2.4

Interest income

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

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WEBB TOURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

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

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.

2.9

Financial instruments

The company 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.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

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WEBB TOURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	2,488	91,879
Other debtors	123,318	90,737
Prepayments and accrued income	2,636	572
	128,442	183,188

5.	Cash
		2024	2023
		£	£

	Cash at bank	98,398	158,445

6.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	4,450	11,194
Amounts owed to connected entities	14,087	22,130
Corporation tax	97	40,083
Other creditors	2,407	-
Accruals	8,850	7,450
	29,891	80,857

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 -1) ordinary share of £1.00	1	1

8.	Transactions with the director
	During the year, the company advanced £94,000 (2023 - £94,816) to the director. As at the year end, the director owed £88,411 (2023 - £72,291) to the company. Interest at an official rate has been charged on this loan. The loan is unsecured and repayable on demand. During the year, dividends of £NIL (2023 - £2,000) were paid to the director.

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