Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31false12021-01-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC392959 2021-01-01 2021-12-31 OC392959 2020-01-01 2020-12-31 OC392959 2021-12-31 OC392959 2020-12-31 OC392959 c:MotorVehicles 2021-01-01 2021-12-31 OC392959 c:MotorVehicles 2021-12-31 OC392959 c:MotorVehicles 2020-12-31 OC392959 c:MotorVehicles c:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 OC392959 c:OfficeEquipment 2021-01-01 2021-12-31 OC392959 c:OfficeEquipment 2021-12-31 OC392959 c:OfficeEquipment 2020-12-31 OC392959 c:OfficeEquipment c:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 OC392959 c:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 OC392959 c:CurrentFinancialInstruments 2021-12-31 OC392959 c:CurrentFinancialInstruments 2020-12-31 OC392959 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 OC392959 c:CurrentFinancialInstruments c:WithinOneYear 2020-12-31 OC392959 d:FRS102 2021-01-01 2021-12-31 OC392959 d:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 OC392959 d:FullAccounts 2021-01-01 2021-12-31 OC392959 d:LimitedLiabilityPartnershipLLP 2021-01-01 2021-12-31 OC392959 d:PartnerLLP1 2021-01-01 2021-12-31 OC392959 c:OtherCapitalInstrumentsClassifiedAsEquity 2021-12-31 OC392959 c:OtherCapitalInstrumentsClassifiedAsEquity 2020-12-31 OC392959 c:FurtherSpecificReserve2ComponentTotalEquity 2021-12-31 OC392959 c:FurtherSpecificReserve2ComponentTotalEquity 2020-12-31 OC392959 c:FurtherSpecificReserve3ComponentTotalEquity 2021-12-31 OC392959 c:FurtherSpecificReserve3ComponentTotalEquity 2020-12-31 iso4217:GBP xbrli:pure

Registered number: OC392959










CHEMSPEC ADVISORY LLP








UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
CHEMSPEC ADVISORY LLP
REGISTERED NUMBER: OC392959

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,657
38,734

  
51,657
38,734

Current assets
  

Debtors: amounts falling due within one year
 5 
20,645
32,589

Cash at bank and in hand
  
191,175
231,326

  
211,820
263,915

Creditors: amounts falling due within one year
 6 
(74,068)
(82,920)

Net current assets
  
 
 
137,752
 
 
180,995

Total assets less current liabilities
  
189,409
219,729

  

Net assets
  
189,409
219,729


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
53,185
100,879

  
53,185
100,879

Members' other interests
  

Members' capital classified as equity
  
5,000
5,000

Other Reserves
  
131,224
113,850

  
 
136,224
 
118,850

  
189,409
219,729


Total members' interests
  

Loans and other debts due to members
 7 
53,185
100,879

Members' other interests
  
136,224
118,850

  
189,409
219,729


Page 1

 
CHEMSPEC ADVISORY LLP
REGISTERED NUMBER: OC392959
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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: 





................................................
A P Buck
Designated member

Date: 17 August 2022

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

Page 2

 
CHEMSPEC ADVISORY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Chemspec Advisory LLP is a limited liability partnership, incorporated in England, registration number OC392959. The registered office is 11 George Edwards Road, Fakenham, Norfolk, NR21 8NL.

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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

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.

Page 3

 
CHEMSPEC ADVISORY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Motor vehicles
-
25% reducing balance
Office 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.


3.


Employees

There were no employees in the current or prior year.

Page 4

 
CHEMSPEC ADVISORY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2021
84,224
-
84,224


Additions
47,373
1,278
48,651


Disposals
(60,000)
-
(60,000)



At 31 December 2021

71,597
1,278
72,875



Depreciation


At 1 January 2021
45,490
-
45,490


Charge for the year on owned assets
15,042
120
15,162


Disposals
(39,434)
-
(39,434)



At 31 December 2021

21,098
120
21,218



Net book value



At 31 December 2021
50,499
1,158
51,657



At 31 December 2020
38,734
-
38,734


5.


Debtors

2021
2020
£
£


Trade debtors
20,556
27,401

Other debtors
-
5,146

Prepayments and accrued income
89
42

20,645
32,589


Page 5

 
CHEMSPEC ADVISORY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
70,908
80,020

Other taxation and social security
20
-

Accruals and deferred income
3,140
2,900

74,068
82,920



7.


Loans and other debts due to members


2021
2020
£
£



Other amounts due to members
(53,185)
(100,879)

(53,185)
(100,879)

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

2021
2020
£
£



Falling due within one year
(53,185)
(100,879)

(53,185)
(100,879)

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

 
Page 6