Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-313The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity3truetrue OC390165 2022-04-01 2023-03-31 OC390165 2021-04-01 2022-03-31 OC390165 2023-03-31 OC390165 2022-03-31 OC390165 c:FurnitureFittings 2022-04-01 2023-03-31 OC390165 c:FurnitureFittings 2023-03-31 OC390165 c:FurnitureFittings 2022-03-31 OC390165 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC390165 c:CurrentFinancialInstruments 2023-03-31 OC390165 c:CurrentFinancialInstruments 2022-03-31 OC390165 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC390165 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC390165 d:FRS102 2022-04-01 2023-03-31 OC390165 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC390165 d:FullAccounts 2022-04-01 2023-03-31 OC390165 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC390165 c:WithinOneYear 2023-03-31 OC390165 c:WithinOneYear 2022-03-31 OC390165 c:BetweenOneFiveYears 2023-03-31 OC390165 c:BetweenOneFiveYears 2022-03-31 OC390165 2 2022-04-01 2023-03-31 OC390165 d:PartnerLLP1 2022-04-01 2023-03-31 OC390165 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC390165 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC390165










ALLSKO FAMILY OFFICE RESOURCES LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ALLSKO FAMILY OFFICE RESOURCES LLP
REGISTERED NUMBER: OC390165

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,322
5,133

Current assets
  

Debtors: amounts falling due within one year
 5 
58,028
44,278

Bank and cash balances
  
14,233
100,154

  
72,261
144,432

Creditors: Amounts Falling Due Within One Year
 6 
(43,781)
(42,369)

Net current assets
  
 
 
28,480
 
 
102,063

Net assets
  
32,802
107,196


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
25,502
99,896

Members' other interests
  

Members' capital classified as equity
  
7,300
7,300

  
32,802
107,196


Total members' interests
  

Loans and other debts due to members
 7 
25,502
99,896

Members' other interests
  
7,300
7,300

  
32,802
107,196


Page 1

 
ALLSKO FAMILY OFFICE RESOURCES LLP
REGISTERED NUMBER: OC390165

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. K. Oates
Designated member

Date: 2 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ALLSKO FAMILY OFFICE RESOURCES LLP
 

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

1.


General information

Allsko Family Office Resources LLP is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 3rd Floor, Old Bond Street, London, W1S 4AP. The trading address of the LLP is 1st  Floor, 9 Orange Street, London, WC2H 7EA. The company is a member of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

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

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.

 
2.4

Interest income

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

Page 3

 
ALLSKO FAMILY OFFICE RESOURCES LLP
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Fixtures and fittings
-
20%

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.
Page 4

 
ALLSKO FAMILY OFFICE RESOURCES LLP
 

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

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees during the year was 3 (2022 - 3).



4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 April 2022
13,430


Additions
270



At 31 March 2023

13,700



Depreciation


At 1 April 2022
8,297


Charge for the year on owned assets
1,081



At 31 March 2023

9,378



Net book value



At 31 March 2023
4,322



At 31 March 2022
5,133



Page 5

 
ALLSKO FAMILY OFFICE RESOURCES LLP
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
6,133
600

Other debtors
13,000
13,000

Prepayments and accrued income
38,895
30,678

58,028
44,278



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,652
10,469

Other taxation and social security
25,924
22,812

Other creditors
-
305

Accruals and deferred income
10,205
8,783

43,781
42,369



7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
25,502
99,896

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

2023
2022
£
£



Falling due within one year
25,502
99,896

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


8.


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 £9,488 (2022 - £8,686). The balance payable to the fund at the balance sheet date was £Nil (2022 - £Nil).

Page 6

 
ALLSKO FAMILY OFFICE RESOURCES LLP
 

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

9.


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
63,000
13,000

Later than 1 year and not later than 5 years
10,500
-

73,500
13,000


Page 7