ACCOUNTS - Final Accounts preparation

Registered number: OC455817

MUTANT LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

MUTANT LLP

REGISTERED NUMBER: OC455817

BALANCE SHEET

AS AT 31 MARCH 2026

		2026
Note		£


Current assets
Debtors: amounts falling due within one year	4	312,090
Cash at bank and in hand	5	24,390
		336,480
Creditors: amounts falling due within one year	6	(129,115)
Net current assets			207,365
Total assets less current liabilities			207,365

Net assets			207,365

Represented by:
Loans and other debts due to members within one year
Other amounts	7	207,365
		207,365

		207,365

Total members' interests
Loans and other debts due to members	7	207,365
		207,365

MUTANT LLP

REGISTERED NUMBER: OC455817

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:

A G Rodriguez

Designated member

Date: 10 September 2026

The notes on pages 3 to 6 form part of these financial statements.

MUTANT LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

1.	General information

Mutant LLP is a limited liability partnership, registered in England and Wales, registration number OC455817. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The LLP was incorporated on 7 March 2025 and commenced trading on 6 April 2025.

The principal activity of the LLP is that of 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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities 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 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 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 to borrowings and 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.

MUTANT LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

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 music touring is recognised as the related performance obligations are satisfied and only to the extent that it is probable that the LLP will be entitled to the consideration due under the contract.

Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.

Performance income is recognised once the performance has taken place.

2.4

Interest income

Interest income is recognised in the profit and loss account 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

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.

2.7

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.

2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

MUTANT LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The LLP 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.

Employees

The average monthly number of employees, including members, during the period was 2.

Debtors

					2026
					£


	Trade debtors	155,443
	Other debtors	154,565
	Prepayments	2,082
		312,090

5.	Cash
		2026
		£

	Cash at bank and in hand	24,390

MUTANT LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

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

	Trade creditors	63,287
	Other taxation and social security	2,603
	Accruals and deferred income	63,225
		129,115

7.	Loans and other debts due to members

		2026
		£


	Other amounts due to members	207,365

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

					2026
					£


	Falling due within one year	207,365

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