ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Registered number: OC416980

YEARHOUR 2017 LLP

UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

YEARHOUR 2017 LLP

REGISTERED NUMBER: OC416980

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	110		-
Cash at bank and in hand	5	40,458		1,972,064
		40,568		1,972,064
Creditors: amounts falling due within one year	6	(3,773)		(635,886)
Net current assets			36,795		1,336,178
Total assets less current liabilities			36,795		1,336,178

Net assets			36,795		1,336,178

Represented by:
Loans and other debts due to members within one year
Other amounts	7	36,795	1,336,178
		36,795	1,336,178

		36,795	1,336,178

Total members' interests
Loans and other debts due to members	7	36,795	1,336,178
		36,795	1,336,178

YEARHOUR 2017 LLP

REGISTERED NUMBER: OC416980

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

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 D B Townshend

Designated member

Date: 3 August 2026

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

Yearhour 2017 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.

YEARHOUR 2017 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Yearhour 2017 LLP is a limited liability partnership, registered in England and Wales, registration number OC416980. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the LLP continued to be that of tour merchandising.

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 requirements of the Companies Act 2006 and the requirements of the statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. 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.

2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentation 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 cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the 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 tour mechandising is recognised when the related performance obligations are satisfied and it is probable that the LLP will be entitled to the consideration due under the contract.

Tour merchandising income is recognised when the significant risks and rewards of ownership have been transferred to the buyer.

YEARHOUR 2017 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Interest income

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

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, 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.

2.9

Financial instruments

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

Employees

The average monthly number of employees, including members, during the year was 2 (2025 - 2).

YEARHOUR 2017 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Other debtors	110	-

5.	Cash
		2026	2025
		£	£

	Cash at bank and in hand	40,458	1,972,064

6.	Creditors: amounts falling due within one year
		2026	2025
		£	£

Trade creditors	-	248,884
Other taxation and social security	-	294,966
Other creditors	3,000	3,000
Accruals	773	89,036
	3,773	635,886


	Other amounts due to members	36,795	1,336,178

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

					2026	2025
					£	£


	Falling due within one year	36,795	1,336,178

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