Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01false2020truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC343485 2022-04-01 2023-03-31 OC343485 2021-04-01 2022-03-31 OC343485 2023-03-31 OC343485 2022-03-31 OC343485 c:Director1 2022-04-01 2023-03-31 OC343485 c:Director2 2022-04-01 2023-03-31 OC343485 d:MotorVehicles 2022-04-01 2023-03-31 OC343485 d:MotorVehicles 2023-03-31 OC343485 d:MotorVehicles 2022-03-31 OC343485 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC343485 d:FurnitureFittings 2022-04-01 2023-03-31 OC343485 d:FurnitureFittings 2023-03-31 OC343485 d:FurnitureFittings 2022-03-31 OC343485 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC343485 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC343485 d:CurrentFinancialInstruments 2023-03-31 OC343485 d:CurrentFinancialInstruments 2022-03-31 OC343485 d:Non-currentFinancialInstruments 2023-03-31 OC343485 d:Non-currentFinancialInstruments 2022-03-31 OC343485 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 OC343485 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 OC343485 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 OC343485 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 OC343485 c:FRS102 2022-04-01 2023-03-31 OC343485 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC343485 c:FullAccounts 2022-04-01 2023-03-31 OC343485 c:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC343485 d:WithinOneYear 2023-03-31 OC343485 d:WithinOneYear 2022-03-31 OC343485 d:BetweenOneFiveYears 2023-03-31 OC343485 d:BetweenOneFiveYears 2022-03-31 OC343485 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 OC343485 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 OC343485 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 OC343485 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 OC343485 2 2022-04-01 2023-03-31 OC343485 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 OC343485 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 OC343485 d:LeasedAssetsHeldAsLessee 2023-03-31 OC343485 d:LeasedAssetsHeldAsLessee 2022-03-31 OC343485 d:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC343485 d:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC343485









SAY PROPERTY CONSULTING LLP

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SAY PROPERTY CONSULTING LLP
REGISTERED NUMBER: OC343485

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
79,179
73,249

  
79,179
73,249

Current assets
  

Debtors: amounts falling due within one year
 5 
644,243
839,496

Cash at bank and in hand
 6 
283,071
391,738

  
927,314
1,231,234

Creditors: Amounts Falling Due Within One Year
 7 
(277,687)
(349,123)

Net current assets
  
 
 
649,627
 
 
882,111

Total assets less current liabilities
  
728,806
955,360

Creditors: amounts falling due after more than one year
 8 
(42,497)
(29,581)

  
686,309
925,779

  

Net assets
  
686,309
925,779


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
686,309
925,779

  
686,309
925,779

  

  
686,309
925,779


Total members' interests
  

Loans and other debts due to members
 10 
686,309
925,779

  
686,309
925,779


Page 1

 
SAY PROPERTY CONSULTING LLP
REGISTERED NUMBER: OC343485

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 on 22 September 2023.




Charles Seifert
Debra Yudolph
Designated member
Designated member

The notes on pages 4 to 10 form part of these financial statements.

SAY Property Consulting 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

 
SAY PROPERTY CONSULTING LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Profit for the year available for discretionary division among members
 
808,501
808,501
-
-
808,501

Members' interests after profit for the year
808,501
808,501
775,278
775,278
1,583,779

Other division of profits
(808,501)
(808,501)
808,501
808,501
-

Drawings on account and distribution of profit
-
-
(658,000)
(658,000)
(658,000)

Amounts due to members
925,779
925,779

Balance at 31 March 2022
-
-
925,779
925,779
925,779

Profit for the year available for discretionary division among members
 
248,530
248,530
-
-
248,530

Members' interests after profit for the year
248,530
248,530
925,779
925,779
1,174,309

Other division of profits
(248,530)
(248,530)
248,530
248,530
-

Drawings on account and distribution of profit
-
-
(488,000)
(488,000)
(488,000)

Amounts due to members
686,309
686,309

Balance at 31 March 2023 
-
-
686,309
686,309
686,309

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

SAY Property Consulting is a Limited Liabillity Partnership incorporated in England and Wales, within the United Kingdom. The registered LLP number is OC343485 and the LLP's registered office and trading address is 24 Old Bond Street, London, United Kingdom, W1S 4AP. 

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

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern.The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

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 period 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Operating leases: the LLP as lessee

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.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 5

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 6

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and Loss Account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 - 20).

Page 7

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
59,750
75,857
135,607


Additions
64,990
623
65,613


Disposals
(59,750)
(5,459)
(65,209)



At 31 March 2023

64,990
71,021
136,011



Depreciation


At 1 April 2022
23,340
39,018
62,358


Charge for the year on owned assets
14,461
8,774
23,235


Disposals
(25,615)
(3,146)
(28,761)



At 31 March 2023

12,186
44,646
56,832



Net book value



At 31 March 2023
52,804
26,375
79,179



At 31 March 2022
36,410
36,839
73,249

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
52,804
36,410

52,804
36,410


5.


Debtors

2023
2022
£
£


Trade debtors
484,441
586,785

Other debtors
17,641
17,641

Prepayments and accrued income
142,161
235,070

644,243
839,496

Page 8

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.Debtors (continued)



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
283,071
391,738

283,071
391,738



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
40,607
50,042

Other taxation and social security
146,954
178,612

Obligations under finance lease and hire purchase contracts
7,501
7,571

Other creditors
11,483
14,536

Accruals and deferred income
71,142
98,362

277,687
349,123



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
42,497
29,581

42,497
29,581



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
7,501
7,571

Between 1-5 years
42,497
29,581

49,998
37,152

Page 9

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
686,309
925,779

686,309
925,779

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

2023
2022
£
£



Falling due within one year
686,309
925,779

686,309
925,779

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


11.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £53,464 (2022 - £33,318) . Contributions totalling £11,483 (2022 - £14,536) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 March 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
58,805
58,805

Later than 1 year and not later than 5 years
-
58,805

58,805
117,610


Page 10