Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC401172 2022-04-01 2023-03-31 OC401172 2021-04-01 2022-03-31 OC401172 2023-03-31 OC401172 2022-03-31 OC401172 c:FreeholdInvestmentProperty 2023-03-31 OC401172 c:FreeholdInvestmentProperty 2022-03-31 OC401172 c:CurrentFinancialInstruments 2023-03-31 OC401172 c:CurrentFinancialInstruments 2022-03-31 OC401172 c:CurrentFinancialInstruments 2 2023-03-31 OC401172 c:CurrentFinancialInstruments 2 2022-03-31 OC401172 c:Non-currentFinancialInstruments 2023-03-31 OC401172 c:Non-currentFinancialInstruments 2022-03-31 OC401172 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC401172 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC401172 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC401172 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 OC401172 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC401172 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-03-31 OC401172 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-03-31 OC401172 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2022-03-31 OC401172 e:FRS102 2022-04-01 2023-03-31 OC401172 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC401172 e:FullAccounts 2022-04-01 2023-03-31 OC401172 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC401172 e:PartnerLLP3 2022-04-01 2023-03-31 OC401172 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC401172 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC401172 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC401172 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC401172









SWINDON REGENT STREET 2015 LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SWINDON REGENT STREET 2015 LLP
REGISTERED NUMBER: OC401172

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
950,000
950,000

Current assets
  

Debtors: amounts falling due within one year
 5 
69,475
1,628

Cash at bank and in hand
 6 
5,675
7,854

  
75,150
9,482

Creditors: amounts falling due within one year
 7 
(279,944)
(183,981)

Net current liabilities
  
 
 
(204,794)
 
 
(174,499)

Total assets less current liabilities
  
745,206
775,501

Creditors: amounts falling due after more than one year
 8 
(1,141,527)
(1,171,808)

  

Net liabilities
  
(396,321)
(396,307)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
-
14

Members' other interests
  

Members' capital classified as equity
  
400
400

Other reserves classified as equity
  
(396,721)
(396,721)

  
 
(396,321)
 
(396,321)

  
(396,321)
(396,307)


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(67,749)
-

Loans and other debts due to members
 10 
-
14

Members' other interests
  
(396,321)
(396,321)

  
(464,070)
(396,307)


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.
Page 1

 
SWINDON REGENT STREET 2015 LLP
REGISTERED NUMBER: OC401172
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


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: 




................................................
Miss Honey Consultancy Limited
Designated member

Date: 2 October 2023

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

Swindon Regent Street 2015 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

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Swindon Regent Street 2015 LLP is a limited liability partnership registered in England and Wales. The registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

After making enquires, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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.

 
2.4

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 and losses both automatically and discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.5

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 3

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The entity has no employees.

Page 4

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
950,000



At 31 March 2023
950,000

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




5.


Debtors

2023
2022
£
£


Trade debtors
1,653
-

Other debtors
73
1,628

Amounts due from members
67,749
-

69,475
1,628



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,675
7,854



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
33,364
36,456

Trade creditors
2,100
2,535

Other creditors
121,500
65,000

Accruals and deferred income
122,980
79,990

279,944
183,981


Page 5

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
427,527
457,808

Other creditors
714,000
714,000

1,141,527
1,171,808


Bank loans are secured by a fixed and floating charge over all assets of the LLP.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
33,364
36,456

Amounts falling due 1-2 years

Bank loans
226,221
237,418

Amounts falling due after more than 5 years

Bank loans
201,306
220,390

460,891
494,264



10.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
-
14

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



Page 6