Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsefalseNo description of principal activity2022-02-0100trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC435096 2022-02-01 2022-12-31 OC435096 2021-01-15 2022-01-31 OC435096 2022-12-31 OC435096 2022-01-31 OC435096 c:FreeholdInvestmentProperty 2022-02-01 2022-12-31 OC435096 c:FreeholdInvestmentProperty 2022-12-31 OC435096 c:FreeholdInvestmentProperty 2022-01-31 OC435096 c:CurrentFinancialInstruments 2022-12-31 OC435096 c:CurrentFinancialInstruments 2022-01-31 OC435096 c:Non-currentFinancialInstruments 2022-12-31 OC435096 c:Non-currentFinancialInstruments 2022-01-31 OC435096 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC435096 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 OC435096 c:Non-currentFinancialInstruments c:AfterOneYear 2022-12-31 OC435096 c:Non-currentFinancialInstruments c:AfterOneYear 2022-01-31 OC435096 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-12-31 OC435096 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-01-31 OC435096 d:FRS102 2022-02-01 2022-12-31 OC435096 d:AuditExempt-NoAccountantsReport 2022-02-01 2022-12-31 OC435096 d:FullAccounts 2022-02-01 2022-12-31 OC435096 d:LimitedLiabilityPartnershipLLP 2022-02-01 2022-12-31 OC435096 2 2022-02-01 2022-12-31 OC435096 d:PartnerLLP1 2022-02-01 2022-12-31 OC435096 d:PartnerLLP2 2022-02-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: OC435096









DK / JA LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
DK / JA LLP
REGISTERED NUMBER: OC435096

BALANCE SHEET
AS AT 31 DECEMBER 2022

31 December
31 January
2022
2022
Note
£
£

Fixed assets
  

Investment property
 4 
4,172,816
2,201,180

Current assets
  

Debtors: amounts falling due within one year
 5 
5,832
827

Cash at bank and in hand
  
11,162
1,692

  
16,994
2,519

Creditors: amounts falling due within one year
 6 
(2,711,251)
(2,225,140)

Net current liabilities
  
 
 
(2,694,257)
 
 
(2,222,621)

Creditors: amounts falling due after more than one year
  
(1,500,000)
-

  
(21,441)
(21,441)

  

Net liabilities
  
(21,441)
(21,441)


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
(21,441)
2

Other amounts
 9 
-
(21,443)

  

  
(21,441)
(21,441)


Total members' interests
  

Loans and other debts due to members
 9 
(21,441)
(21,441)

  
(21,441)
(21,441)

Page 1

 
DK / JA LLP
REGISTERED NUMBER: OC435096
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 20 October 2023.



DK Investments Limited
Arden & Sons Limited
Designated member
Designated member

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
DK / JA LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 DECEMBER 2022





DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members' capital (classified as debt)
Other amounts
Total

£
£
£

Profit for the period available for discretionary division among members
 
-
-
-

Other division of losses
-
(21,443)
(21,443)

Amounts introduced by members
2
-
2

Amounts due to members
2
(21,443)
(21,441)

Balance at 31 January 2022
(21,441)
-
(21,441)

Members' remuneration charged as an expense
-
-
-

Profit for the period available for discretionary division among members
 
-
-
-

Members' interests after profit for the period
(21,441)
-
(21,441)

Other division of profits
-
34,126
34,126

Drawings on account and distribution of profit
-
(34,126)
(34,126)

Amounts due to members
 
(21,441)
-
(21,441)

Balance at 31 December 2022 
(21,441)
-
(21,441)

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

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

DK / JA LLP is a limited liability partnership incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal object of the partnership is that of property investments and developments. 

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:

Rental Income
Rental income from operating leases is recognised on a straight line basis over the term fo the lease.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 4

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

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 the Statement of comprehensive income.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.7

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The entity has no employees.

Page 5

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Investment property





Freehold investment property

£



Valuation


At 1 February 2022
2,201,180


Additions at cost
1,971,636



At 31 December 2022
4,172,816

The 2022 valuations were made by the members, on an open market value for existing use basis.





5.


Debtors

Period ended 31 December
Period ended 31 January
2022
2022
£
£


Trade debtors
4,810
1

Prepayments and accrued income
1,022
826



6.


Creditors: Amounts falling due within one year

Period ended 31 December
Period ended 31 January
2022
2022
£
£

Trade creditors
2,216
17,420

Other creditors
2,704,835
2,202,720

Accruals and deferred income
4,200
5,000

2,711,251
2,225,140


Page 6

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due after more than one year

31 December
31 January
2022
2022
£
£

Bank loans
1,500,000
-

1,500,000
-



8.


Loans


Analysis of the maturity of loans is given below:


31 December
31 January
2022
2022
£
£



Amounts falling due 2-5 years

Bank loans
1,500,000
-

1,500,000
-


1,500,000
-


Bank loans more than one year are secured on the investment properties within the company. 

Page 7

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

9.


Loans and other debts due to members


Period ended 31 December
Period ended 31 January
2022
2022
£
£



Members' capital treated as debt
(21,441)
2

Other amounts due to members
-
(21,443)

(21,441)
(21,441)

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

Period ended 31 December
Period ended 31 January
2022
2022
£
£



Falling due within one year
(21,441)
(21,441)

(21,441)
(21,441)

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

 
Page 8