Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31false2021-04-01No description of principal activity5551truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC382852 2021-04-01 2022-03-31 OC382852 2020-04-01 2021-03-31 OC382852 2022-03-31 OC382852 2021-03-31 OC382852 c:MotorVehicles 2021-04-01 2022-03-31 OC382852 c:FurnitureFittings 2021-04-01 2022-03-31 OC382852 c:FurnitureFittings 2022-03-31 OC382852 c:FurnitureFittings 2021-03-31 OC382852 c:FurnitureFittings c:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 OC382852 c:ComputerEquipment 2021-04-01 2022-03-31 OC382852 c:ComputerEquipment 2022-03-31 OC382852 c:ComputerEquipment 2021-03-31 OC382852 c:ComputerEquipment c:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 OC382852 c:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 OC382852 c:CurrentFinancialInstruments 2022-03-31 OC382852 c:CurrentFinancialInstruments 2021-03-31 OC382852 c:CurrentFinancialInstruments 2 2022-03-31 OC382852 c:CurrentFinancialInstruments 2 2021-03-31 OC382852 c:Non-currentFinancialInstruments 2022-03-31 OC382852 c:Non-currentFinancialInstruments 2021-03-31 OC382852 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC382852 c:CurrentFinancialInstruments c:WithinOneYear 2021-03-31 OC382852 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 OC382852 c:Non-currentFinancialInstruments c:AfterOneYear 2021-03-31 OC382852 e:FRS102 2021-04-01 2022-03-31 OC382852 e:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 OC382852 e:FullAccounts 2021-04-01 2022-03-31 OC382852 e:LimitedLiabilityPartnershipLLP 2021-04-01 2022-03-31 OC382852 2 2021-04-01 2022-03-31 OC382852 6 2021-04-01 2022-03-31 OC382852 7 2021-04-01 2022-03-31 OC382852 e:PartnerLLP1 2021-04-01 2022-03-31 OC382852 e:PartnerLLP2 2021-04-01 2022-03-31 OC382852 e:PartnerLLP3 2021-04-01 2022-03-31 OC382852 e:PartnerLLP4 2021-04-01 2022-03-31 OC382852 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 OC382852 c:FurtherSpecificReserve3ComponentTotalEquity 2021-03-31 iso4217:GBP xbrli:pure
Company registration number: OC382852







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022


SCOTT WHITE AND HOOKINS LLP






































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SCOTT WHITE AND HOOKINS LLP
 



INFORMATION




Designated Members

Mr I J Llewellyn
Mr D J S Alcock
Mr J L Daniels
Mr R D Hemming


LLP registered number

OC382852

Registered office

Harman HouseAndover RoadWinchesterHampshireSO23 7BS

Accountants

Menzies LLP3000a ParkwayWhiteleyHampshirePO15 7FX


 


SCOTT WHITE AND HOOKINS LLP
REGISTERED NUMBER:OC382852



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 3 
92,376
60,993

  
92,376
60,993

Current assets
  

Debtors: amounts falling due within one year
 4 
1,304,431
1,337,075

Cash at bank and in hand
  
177,855
185,822

  
1,482,286
1,522,897

Creditors: Amounts Falling Due Within One Year
 5 
(841,308)
(971,724)

Net current assets
  
 
 
640,978
 
 
551,173

Total assets less current liabilities
  
733,354
612,166

Creditors: amounts falling due after more than one year
 6 
(35,833)
(45,000)

  
697,521
567,166

  

Net assets attributable to members
  
697,521
567,166

Page 1

 


SCOTT WHITE AND HOOKINS LLP
REGISTERED NUMBER:OC382852


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
525,000
560,000

Other amounts
 8 
172,521
7,166

  
697,521
567,166

  

  
697,521
567,166


Total members' interests
  

Loans and other debts due to members
 8 
697,522
567,167

  
697,522
567,167


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 income statement 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: 




Mr D J S Alcock
Designated member

Date: 11 August 2022

The notes on pages 3 to 8 form part of these financial statements.

Scott White and Hookins 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.

Page 2

 


SCOTT WHITE AND HOOKINS LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Scott White and Hookins LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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 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".

The following principal accounting policies have been applied:

  
2.2

Revenue

The turnover shown in the income statement represents amounts receivable for services provided during the
year in the normal course of business, net of trade discounts, VAT and other related taxes.
Revenue is either recognised on work completed in the year, or in the case of ongoing service contracts
revenue represents the value of work done in the year including estimates of amounts not invoiced

 
2.3

Going concern

Immediately following the year end date the trade and assets of Scott White Hookins LLP were transferred to a limited company. 
On the basis that Scott White Hookins LLP ceased to trade in its own right shortly following the year end date, the partners have considered that it is no longer appropriate for the entity to be treated as a going concern at the year end date and have therefore prepared these accounts under a basis other than the going concern basis. The approach taken in respect of the preparation of these accounts is as follows: 
All  accounting transactions occurring during the  year  which would ordinarily be  recognised in the Income Statement have been recorded under the historical cost convention an in accordance with FRS 102.
All assets and liabilities still in existence at the year end date have been assessed and the carrying amounts adjusted to the recoverable amount. Any movements between the carrying value under the historical cost convention and the assessment of the recoverable amounts have been recognised in the Income Statement. 
No adjustments have been made to the comparative values stated in these financial statements.

 
2.4

Operating lease agreements

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 


SCOTT WHITE AND HOOKINS LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

  
2.5

Members' participation rights

Members‘ participation rights are the rights of a member against the LLP that arise under the members‘ agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits) .
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members‘ capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. lf the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within ‘Loans and other debts due to members‘ and are charged to the Profit and Loss Account within ‘Members’ remuneration charged as an expense’.
Amounts due to members that are classified as equity are shown in the Balance Sheet within ‘Members’ other interests‘.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

 
2.7

Interest income

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

 
2.8

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.

Page 4

 


SCOTT WHITE AND HOOKINS LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.9

Pensions costs

The LLP operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the LLP. The annual contributions payable are charged to the profit and loss account.

  
2.10

Post-retirement payments due to members

The post-retirement payments due to members are determined annually based upon a formula directly linked to the profits of the partnership. Provision is made for such payments when a member obtains an actual or constructive right to the payments, which the LLP has no discretion to withhold. The provision is based upon the estimated present value of the expected future payments to members.
Amounts recognised in respect of current members are charged to the profit and loss account within members‘ remuneration charged as an expense. The liability for post-retirement payments due to current members is recorded in the balance sheet within loans and other debts due to members. In the year in which a member retires, the liability is transferred from loans and other debts due to members and is recorded as a liability due to former members within either creditors or provisions for liabilities.
Where provision for post-retirement payments due to former members is a contractual liability or a constructive obligation of certain timing amount, the provision will be recorded within creditors falling due within or after more than one year. In all other cases, the provision will be recorded within provisions for liabilities.
The unwinding of the discount on provisions for post-retirement payments due to current members is charged to the profit and loss account as part of members‘ remuneration charged as an expense.
The unwinding of the discount on provisions for post-retirement payments due to former members is charged to the profit and loss account and included adjacent to interest payable and similar charges.
All provisions are re-assessed annually and any changes in estimates are included within the profit and loss account.

 
2.11

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, using the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line
Fixtures and fittings
-
20%
reducing balance
Equipment
-
25%
straight line

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.

Page 5

 


SCOTT WHITE AND HOOKINS LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

  
2.12

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.15

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Tangible assets





Fixtures and fittings
Equipment
Total

£
£
£



Cost or valuation


At 1 April 2021
129,859
136,283
266,142


Additions
3,152
63,978
67,130



At 31 March 2022

133,011
200,261
333,272



Depreciation


At 1 April 2021
95,783
109,366
205,149


Charge for the year on owned assets
7,352
28,395
35,747



At 31 March 2022

103,135
137,761
240,896



Net book value



At 31 March 2022
29,876
62,500
92,376



At 31 March 2021
34,076
26,917
60,993

Page 6

 


SCOTT WHITE AND HOOKINS LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Debtors

2022
2021
£
£


Trade debtors
753,876
736,448

Other debtors
24,988
19,248

Prepayments and accrued income
420,919
405,582

Amounts recoverable on long term contracts
104,648
112,468

Amounts due from members
-
63,329

1,304,431
1,337,075



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
25,162
108,859

Bank loans
10,000
4,341

Trade creditors
398,788
439,944

Amounts owed to group undertakings
918
-

Other taxation and social security
181,496
265,144

Other creditors
35,578
22,471

Accruals and deferred income
189,366
130,965

841,308
971,724



6.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
35,833
45,000

35,833
45,000



7.


Provisions











At 31 March 2022

Page 7

 


SCOTT WHITE AND HOOKINS LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Loans and other debts due to members


2022
2021
£
£



Member's capital treated as debt
525,000
560,000

Other amounts due to members
172,521
7,166

697,521
567,166

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



 
Page 8