ACCOUNTS - Final Accounts

Loans and other debts due to members

Registered number: OC350290

JEM MUSIC PUBLISHING LLP

UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

JEM MUSIC PUBLISHING LLP

REGISTERED NUMBER: OC350290

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		730		973
			730		973
Current assets
Debtors: amounts falling due within one year	5	43,944		43,944
Cash at bank and in hand	6	21,311		12,408
		65,255		56,352
Creditors: amounts falling due within one year	7	(4,800)		(2,399)
Net current assets			60,455		53,953
Total assets less current liabilities			61,185		54,926

Net assets			61,185		54,926

Represented by:
Loans and other debts due to members within one year
Other amounts	8		66,816		66,816
			66,816		66,816
Members' other interests
Other reserves classified as equity		(5,631)		(11,890)
			(5,631)		(11,890)
			61,185		54,926

Total members' interests
Amounts due from members (included in debtors)	5	(43,944)	(43,944)
Loans and other debts due to members	8	66,816	66,816
Members' other interests		(5,631)	(11,890)
		17,241	10,982

JEM MUSIC PUBLISHING LLP

REGISTERED NUMBER: OC350290

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:

C L Balsam

Designated member

Date: 22 October 2026

The notes on pages 3 to 7 form part of these financial statements.

Jem Music Publishing 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.

JEM MUSIC PUBLISHING LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Jem Music Publishing LLP is a limited liability partnership, registered in England and Wales, registration number OC350290. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the address of its principal place of business is The Courtyard, 100 Villiers Road, London, NW2 5PJ.

The principal activity of the LLP continued to be music publishing.

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 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 year 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.

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.

Royalties receivable are recognised in the accounting period to which the related royalty statement pertains.

2.4

Interest income

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

JEM MUSIC PUBLISHING 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 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

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:

Music equipment

25%

reducing balance

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.

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.

JEM MUSIC PUBLISHING 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 are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

JEM MUSIC PUBLISHING LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.10

Financial instruments

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

Employees

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

4.	Tangible fixed assets

		Music equipment
		£
	Cost
	At 1 April 2025	23,508
	At 31 March 2026	23,508
	Depreciation
	At 1 April 2025	22,535
	Charge for the year	243
	At 31 March 2026	22,778
	Net book value
	At 31 March 2026	730
	At 31 March 2025	973

Debtors


					2026	2025
					£	£


Amounts due from members	43,944	43,944

JEM MUSIC PUBLISHING LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Cash
		2026	2025
		£	£

	Cash at bank	21,311	12,408

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

	Accruals	4,800	2,399


	Other amounts due to members	66,816	66,816

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


					2026	2025
					£	£


	Falling due within one year	66,816	66,816

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