Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Business consultancy services2022-04-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC427678 2022-04-01 2023-03-31 OC427678 2021-04-01 2022-03-31 OC427678 2023-03-31 OC427678 2022-03-31 OC427678 c:ComputerEquipment 2022-04-01 2023-03-31 OC427678 c:ComputerEquipment 2023-03-31 OC427678 c:ComputerEquipment 2022-03-31 OC427678 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC427678 c:CurrentFinancialInstruments 2023-03-31 OC427678 c:CurrentFinancialInstruments 2022-03-31 OC427678 c:CurrentFinancialInstruments 2 2023-03-31 OC427678 c:CurrentFinancialInstruments 2 2022-03-31 OC427678 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC427678 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC427678 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 OC427678 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 OC427678 e:FRS102 2022-04-01 2023-03-31 OC427678 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC427678 e:FullAccounts 2022-04-01 2023-03-31 OC427678 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC427678 e:PartnerLLP3 2022-04-01 2023-03-31 OC427678 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC427678 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 OC427678 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC427678 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC427678









BANSK GROUP LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BANSK GROUP LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 9


 
BANSK GROUP LLP
REGISTERED NUMBER: OC427678

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,407
-

  
2,407
-

Current assets
  

Debtors: amounts falling due within one year
 5 
43,980
22,014

Cash at bank and in hand
 6 
17,099
10,239

  
61,079
32,253

Creditors: Amounts Falling Due Within One Year
 7 
(23,742)
(9,780)

Net current assets
  
 
 
37,337
 
 
22,473

Total assets less current liabilities
  
39,744
22,473

  

Net assets
  
39,744
22,473


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
100
100

Other amounts
 9 
-
744

  
100
844

Members' other interests
  

Other reserves classified as equity
  
39,644
21,629

  
 
39,644
 
21,629

  
39,744
22,473


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(19,021)
-

Loans and other debts due to members
 9 
100
844

Members' other interests
  
39,644
21,629

  
20,723
22,473


Page 1

 
BANSK GROUP LLP
REGISTERED NUMBER: OC427678
    
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: 




D W Poulter
Designated member

Date: 16 October 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
BANSK GROUP 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
Members' capital (classified as debt)
Other amounts
Total
Total

£
£
£
£
£
£

Members' remuneration charged as an expense
-
-
-
1,162,325
1,162,325
1,162,325

Profit for the year available for discretionary division among members
 
21,629
21,629
-
-
-
21,629

Members' interests after profit for the year
45,296
45,296
100
1,139,402
1,139,502
1,184,798

Other division of profits
(23,667)
(23,667)
-
-
-
(23,667)

Drawings on account and distribution of profit
-
-
-
(1,138,658)
(1,138,658)
(1,138,658)

Amounts due to members
100
744
844

Balance at 31 March 2022
21,629
21,629
100
744
844
22,473

Members' remuneration charged as an expense
-
-
-
1,407,182
1,407,182
1,407,182

Profit for the year available for discretionary division among members
 
39,644
39,644
-
-
-
39,644

Members' interests after profit for the year
61,273
61,273
100
1,407,926
1,408,026
1,469,299

Other division of profits
(21,629)
(21,629)
-
-
-
(21,629)

Drawings on account and distribution of profit
-
-
-
(1,426,947)
(1,426,947)
(1,426,947)

Amounts due to members
100
-
100

Amounts due from members
 



(19,021)
(19,021)


Balance at 31 March 2023 
39,644
39,644
100
(19,021)
(18,921)
20,723

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

 
BANSK GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Bansk Group LLP is a Limited Liability Partnership, incorporated in England and Wales with an LLP
registration number of OC427678. The registered office and trading address is Eighth Floor, 6 New Street
Square, New Fetter Lane, London, England, EC4A 3AQ.

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 high level of inflation has created significant operational and financial pressures on most businesses. Having considered the contigency plans in place and having reviewed updated cashflow forecasts, the members consider the adoption of the going concern basis in preparing these financial statements is appropriate.

 
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

 
BANSK GROUP 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

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

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the LLP operates and generates income.

 
2.7

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.

Page 5

 
BANSK GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

 
2.8

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.

 
2.9

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. 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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including members, during the year was 2 (2022 - 3).

Page 6

 
BANSK GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
2,549



At 31 March 2023

2,549



Depreciation


Charge for the year on owned assets
142



At 31 March 2023

142



Net book value



At 31 March 2023
2,407



At 31 March 2022
-


5.


Debtors

2023
2022
£
£


Other debtors
10,940
8,791

Prepayments and accrued income
14,019
13,223

Amounts due from members
19,021
-

43,980
22,014



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,099
10,239

17,099
10,239


Page 7

 
BANSK GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,513
2,452

Other taxation and social security
1,824
-

Other creditors
11,705
528

Accruals and deferred income
6,700
6,800

23,742
9,780



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
17,099
10,239




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.


9.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
(100)
(100)

Other amounts due to members
-
(744)

(100)
(844)

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

2023
2022
£
£



Falling due within one year
(100)
(844)

(100)
(844)

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

Page 8

 
BANSK GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


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. Contributions totalling £294 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9