REGISTERED NUMBER: OC351807 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2025

for

Entourage Management LLP

Page

General information

1

Balance sheet

2

Notes to the financial statements

3

Designated members:

R J Audley

Caverswall Enterprises Limited

Registered office:

42 Langton Avenue

London

N20 9DA

Registered number:

OC351807 (England and Wales)

Accountants:

SMD Accounts LLP

Chartered Certified Accountants

The Vineyards

Knox Lane, Bardwell

Bury St Edmunds

Suffolk

IP31 1AX

Fixed assets

Investments

4

3,216,428

3,216,428

Current assets

Debtors

5

2,100,761

2,713,366

Cash at bank

472,934

1,356,735

2,573,695

4,070,101

Creditors

Amounts falling due within one year

6

90,123

66,529

Net current assets

2,483,572

4,003,572

Total assets less current liabilities

and

Net assets attributable to members

5,700,000

7,220,000

Loans and other debts due to members

8

20,000

20,000

Members' other interests

Capital accounts

5,680,000

7,200,000

5,700,000

7,220,000

Total members' interests

Loans and other debts due to members

8

20,000

20,000

Members' other interests

5,680,000

7,200,000

5,700,000

7,220,000

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 September 2025 and were signed by:

R J Audley - Designated member

1.	Statutory information

Entourage Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern

Given the positive nature of the balance sheet the members have a reasonable expectation that the LLP has adequate resources to continue in existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is recognised at the point the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is not provided on the freehold property on the grounds that the depreciation charge and accumulated depreciation are immaterial, as the Members estimate that the residual value of the property is not significantly different to its cost. The freehold property is subject to an annual impairment review to ensure the carrying amount is not materially misstated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Hire purchase and leasing commitments

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed

Members' participation rights

Members' participation rights are the rights of a member against the limited liability partnership that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the limited liability partnership are analysed between those that are, from the limited liability partnership'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 limited liability partnership 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.

Taxation

The taxation payable on the partnership profits is solely the personal liability of the individual members consequently neither partnership taxation nor related deferred taxation arising in respect of the partnership are accounted for in these financial statements.

3.	Employee information

The average number of employees during the year was 5 (2024 - 5 ) .

4.	Fixed asset investments

Other

investments

£

Cost

At 1 April 2024

and 31 March 2025

3,216,428

Net book value

At 31 March 2025

3,216,428

At 31 March 2024

3,216,428

5.

Debtors

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

725,412

1,333,263

Other debtors

25,349

30,103

750,761

1,363,366

Amounts falling due after more than one year:

Other debtors

1,350,000

1,350,000

Aggregate amounts

2,100,761

2,713,366

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

-

2,651

Amounts owed to group undertakings

26,356

-

Taxation and social security

20,438

20,549

Other creditors

43,329

43,329

90,123

66,529

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

43,195

40,420

Between one and five years

38,660

66,399

81,855

106,819

8.

Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debtors due to members" will rank equally with unsecured creditors.