ACCOUNTS - Final Accounts preparation

Registered number: OC453195

HAWKES PRODUCTIONS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025


HAWKES PRODUCTIONS LLP REGISTERED NUMBER:OC453195

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£

Fixed assets
Tangible assets		1,842
		1,842
Current assets
Debtors: amounts falling due within one year	278,955
Cash at bank and in hand	48,006
	326,961
Creditors: Amounts Falling Due Within One Year	(240,864)
Net current assets		86,097
Total assets less current liabilities		87,939

Net assets		87,939

Represented by:
Loans and other debts due to members within one year
Other amounts	8		87,938
			87,938
Members' other interests
Other reserves classified as equity		1
			1
			87,939

Total members' interests
Loans and other debts due to members	8	87,938
Members' other interests		1
		87,939

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HAWKES PRODUCTIONS LLP REGISTERED NUMBER:OC453195

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 on 12 December 2025.

Chesney Hawkes

Designated member

The notes on pages 3 to 8 form part of these financial statements.

Hawkes Productions 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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HAWKES PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Hawkes Productions LLP is a limited liability partnership, registered in England and Wales, registration number OC453195. The registered office address is 4th Floor, Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The LLP was incorporated on 30 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 live music 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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. The following criteria must also be met before turnover is recognised:

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HAWKES PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Interest income

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

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

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 income 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 LLP operates and generates income.

2.7

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. Discreionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts whihc hav ebeen 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".

2.8

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.

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HAWKES PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Other fixed assets

25%

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.

2.9

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.

2.10

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.

2.11

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.

Employees

The average monthly number of persons (including members with contracts of employment) employed during the period was as follows:

			31 March
			2025
			No.

		Members	2

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HAWKES PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost or valuation
	Additions	1,992
	At 31 March 2025	1,992
	Depreciation
	Charge for the period	150
	At 31 March 2025	150
	Net book value
	At 31 March 2025	1,842

Debtors

					2025
					£


	Trade debtors	205,032
	Other debtors	35,269
	Prepayments and accrued income	38,654
		278,955

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	48,006
		48,006

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HAWKES PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	16,245
	Other taxation and social security	32,208
	Other creditors	17,014
	Accruals and deferred income	175,397
		240,864

8.	Loans and other debts due to members

		2025
		£


	Other amounts due to members	87,938
		87,938

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

					2025
					£


	Falling due within one year	87,938
		87,938

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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HAWKES PRODUCTIONS LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE PERIOD ENDED 31 MARCH 2025


	EQUITY Members' other interests		DEBT Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Other reserves	Total	Other amounts	Total	Total
	£	£	£	£	£
Balance at 29 July 2024	-	-	-	-	-
Profit for the period available for discretionary division among members	84,650	84,650	-	-	84,650
Members' interests after profit for the period	84,650	84,650	-	-	84,650
Other division of profits	(84,649)	(84,649)	84,649	84,649	-
Repayment of debt	-	-	3,289	3,289	3,289
Amounts due to members			87,938	87,938
Amounts due from members			-	-
Balance at 31 March 2025	1	1	87,938	87,938	87,939

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.

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