ACCOUNTS - Final Accounts preparation

Registered number: OC430311

MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

REGISTERED NUMBER: OC430311

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		3,778		5,030
			3,778		5,030
Current assets
Debtors: amounts falling due within one year	5	19,465		17,080
Cash at bank and in hand	6	31,176		2,077
		50,641		19,157
Creditors: Amounts Falling Due Within One Year	7	(4,582)		(3,785)
Net current assets			46,059		15,372
Total assets less current liabilities			49,837		20,402

Net assets			49,837		20,402

Represented by:
Loans and other debts due to members within one year
Other amounts	49,837	20,402
	49,837	20,402

	49,837	20,402

Total members' interests
Loans and other debts due to members	49,837	20,402
	49,837	20,402

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MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

REGISTERED NUMBER: OC430311

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 statement of comprehensive income 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 October 2026.

M D'anglejan-Chatillon

Designated member

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

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MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

MDAC Artist Management LLP (formerly MDAC Productions LLP) is a limited liability partnership firm incorporated in England & Wales (registered no: OC430311). Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH

The financial statements are presented in Sterling, which is the functional currency of the company.

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 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.

The following principal accounting policies have been applied:

2.2

Going concern

In assessing the ability of the LLP to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the members consider it appropriate to prepare the financial statements on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

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.

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MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

Reducing balance method.

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.

2.7

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 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.

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MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.9

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 year was as follows:

	2026	2025
	No.	No.

Members	2	2

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 April 2025	19,309
	At 31 March 2026	19,309
	Depreciation
	At 1 April 2025	14,279
	Charge for the year on owned assets	1,252
	At 31 March 2026	15,531
	Net book value
	At 31 March 2026	3,778

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MDAC ARTIST MANAGEMENT LLP (FORMERLY MDAC PRODUCTIONS LLP)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Other debtors	17,080	17,080
Prepayments and accrued income	2,385	-
	19,465	17,080

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	31,176	2,077
	31,176	2,077

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other taxation and social security	583	-
Accruals and deferred income	3,999	3,785
	4,582	3,785

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