ACCOUNTS - Final Accounts

Loans and other debts due to members

BLUR TOUR PRODUCTIONS LLP - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truemusic touringThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42022-04-01false4true OC399569 2022-04-01 2023-03-31 OC399569 2021-04-01 2022-03-31 OC399569 2023-03-31 OC399569 2022-03-31 OC399569 c:CurrentFinancialInstruments 2023-03-31 OC399569 c:CurrentFinancialInstruments 2022-03-31 OC399569 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC399569 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC399569 d:FRS102 2022-04-01 2023-03-31 OC399569 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC399569 d:FullAccounts 2022-04-01 2023-03-31 OC399569 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC399569 d:PartnerLLP3 2022-04-01 2023-03-31 OC399569 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC399569 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 OC399569 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC399569 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC399569

BLUR TOUR PRODUCTIONS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


BLUR TOUR PRODUCTIONS LLP REGISTERED NUMBER:OC399569

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	425,174		360
Cash at bank	5	88,346		4,716
		513,520		5,076
Creditors: amounts falling due within one year	6	(608,862)		(1,176)
Net current (liabilities)/assets			(95,342)		3,900
Total assets less current liabilities			(95,342)		3,900

Net (liabilities)/assets			(95,342)		3,900

Represented by:
Loans and other debts due to members within one year
Other amounts	7		(74,591)		22,677
			(74,591)		22,677
Members' other interests
Other reserves classified as equity		(20,751)		(18,777)
			(20,751)		(18,777)
			(95,342)		3,900

Total members' interests
Loans and other debts due to members	7	(74,591)	22,677
Members' other interests		(20,751)	(18,777)
		(95,342)	3,900


BLUR TOUR PRODUCTIONS LLP REGISTERED NUMBER:OC399569

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

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:

S A N James

Designated member

Date: 24 November 2023

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


BLUR TOUR PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Blur Tour Productions LLP is a limited liability partnership, registered in England and Wales, registration number OC399569. 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 music touring activities.

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 Section 1A of the 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".

2.2

Going concern

The financial statements have been prepared on the going concern basis as the members have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the members are satisfied that the financial statements should be prepared on a going concern basis.

2.3

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 'administration expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.

2.4

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


BLUR TOUR PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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 year.

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 the profit and loss account during the year to which the profits are generated.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense' where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

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.

2.9

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 creditors and loans with related parties.

Employees

The average monthly number of employees, including members, during the year was 4 (2022 - 4).

Debtors

					2023	2022
					£	£


Trade debtors	2,163	-
Other debtors	43,253	-
Prepayments	379,758	360
	425,174	360


BLUR TOUR PRODUCTIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

5.	Cash
		2023	2022
		£	£

	Cash at bank	88,346	4,716

6.	Creditors: amounts falling due within one year
		2023	2022
		£	£

Trade creditors	607,362	-
Accruals	1,500	1,176
	608,862	1,176


	Other amounts due to members	74,591	(22,677)

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

					2023	2022
					£	£


	Falling due within one year	74,591	(22,677)

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