Caseware UK (AP4) 2022.0.179 2022.0.179 trueNo description of principal activitytrue222022-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC433303 2022-04-01 2023-03-31 OC433303 2021-04-01 2022-03-31 OC433303 2023-03-31 OC433303 2022-03-31 OC433303 c:FreeholdInvestmentProperty 2023-03-31 OC433303 c:FreeholdInvestmentProperty 2022-03-31 OC433303 c:CurrentFinancialInstruments 2023-03-31 OC433303 c:CurrentFinancialInstruments 2022-03-31 OC433303 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC433303 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC433303 d:FRS102 2022-04-01 2023-03-31 OC433303 d:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 OC433303 d:FullAccounts 2022-04-01 2023-03-31 OC433303 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC433303 d:PartnerLLP1 2022-04-01 2023-03-31 OC433303 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC433303 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC433303










Ozengell Quarry LLP








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2023





 
Ozengell Quarry LLP
 
  
Chartered accountants' report to the members on the preparation of the unaudited statutory financial statements of Ozengell Quarry LLP for the year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Ozengell Quarry LLP for the year ended 31 March 2023 which comprise the Balance sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter dated 19 October 2020Our work has been undertaken solely to prepare for your approval the financial statements of Ozengell Quarry LLP  and state those matters that we have agreed to state to the Ozengell Quarry LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ozengell Quarry LLP and its members for our work or for this report. 

It is your duty to ensure that Ozengell Quarry LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ozengell Quarry LLP. You consider that Ozengell Quarry LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Ozengell Quarry LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Canterbury
28 September 2023
Page 1

 
Ozengell Quarry LLP
Registered number: OC433303

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
238,500
238,500

  
238,500
238,500

Current assets
  

Debtors: amounts falling due within one year
 5 
35,049
13,412

  
35,049
13,412

Creditors: Amounts Falling Due Within One Year
 6 
(11,203)
(6,389)

Net current assets
  
 
 
23,846
 
 
7,023

Total assets less current liabilities
  
262,346
245,523

  

Net assets
  
262,346
245,523


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
262,346
245,523

  
262,346
245,523

  

  
262,346
245,523


Total members' interests
  

Loans and other debts due to members
 7 
262,346
245,523

  
262,346
245,523


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 statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
 
Page 2

 
Ozengell Quarry LLP
Registered number: OC433303

Balance sheet (continued)
As at 31 March 2023


The financial statements were approved and authorised for issue by the members and were signed on their behalf on 28 September 2023.




Mr P D Steed
Designated member

The notes on pages 5 to 7 form part of these financial statements.

Ozengell Quarry 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 3

 
Ozengell Quarry 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

£
£
£
£
£

At incorporation
-
-
-
-
-

Profit for the year available for discretionary division among members
 
21,178
21,178
-
-
21,178

Members' interests after profit for the year
21,178
21,178
251,406
251,406
272,584

Other division of profits
(21,178)
(21,178)
21,178
21,178
-

Drawings on account and distribution of profit
-
-
(27,061)
(27,061)
(27,061)

Amounts due to members
245,523
245,523

Balance at 31 March 2022
-
-
245,522
245,522
245,522

Profit for the year available for discretionary division among members
 
23,702
23,702
-
-
23,702

Members' interests after profit for the year
23,702
23,702
245,522
245,522
269,224

Other division of profits
(23,702)
(23,702)
23,702
23,702
-

Drawings on account and distribution of profit
-
-
(6,878)
(6,878)
(6,878)

Amounts due to members
262,346
262,346

Balance at 31 March 2023 
-
-
262,346
262,346
262,346

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 4

 
Ozengell Quarry LLP
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

Ozengell Quarry LLP is a limited liability partnership and was incorporated in England with the registration number OC433303.  The address of the registered office is 37 St Margaret’s Street, Canterbury, Kent CT1 2TU.

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

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.

 
2.3

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
Ozengell Quarry LLP
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
238,500



At 31 March 2023
238,500

The 2023 valuations were made by the members, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
238,500
238,500

238,500
238,500

Page 6

 
Ozengell Quarry LLP
 

 
Notes to the financial statements
For the year ended 31 March 2023

5.


Debtors

2023
2022
£
£


Other debtors
27,162
6,460

Prepayments and accrued income
7,887
6,952

35,049
13,412



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
8,767
4,170

Accruals and deferred income
2,436
2,219

11,203
6,389



7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(262,346)
(245,523)

(262,346)
(245,523)

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

2023
2022
£
£



Falling due within one year
(23,846)
(7,023)

Falling due after more than one year
(238,500)
(238,500)

(262,346)
(245,523)

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


Page 7