Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The 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 activity22truetrue OC372384 2022-04-01 2023-03-31 OC372384 2021-04-01 2022-03-31 OC372384 2023-03-31 OC372384 2022-03-31 OC372384 c:FurnitureFittings 2022-04-01 2023-03-31 OC372384 c:FurnitureFittings 2023-03-31 OC372384 c:FurnitureFittings 2022-03-31 OC372384 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC372384 c:ComputerEquipment 2022-04-01 2023-03-31 OC372384 c:ComputerEquipment 2023-03-31 OC372384 c:ComputerEquipment 2022-03-31 OC372384 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC372384 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC372384 c:CurrentFinancialInstruments 2023-03-31 OC372384 c:CurrentFinancialInstruments 2022-03-31 OC372384 c:CurrentFinancialInstruments 2 2023-03-31 OC372384 c:CurrentFinancialInstruments 2 2022-03-31 OC372384 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC372384 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC372384 e:FRS102 2022-04-01 2023-03-31 OC372384 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC372384 e:FullAccounts 2022-04-01 2023-03-31 OC372384 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC372384 6 2022-04-01 2023-03-31 OC372384 e:PartnerLLP2 2022-04-01 2023-03-31 OC372384 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC372384 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC372384









JAMES MCLELLAN LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
JAMES MCLELLAN LLP
REGISTERED NUMBER: OC372384

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
67
330

Investments
 5 
5,888
5,888

  
5,955
6,218

Current assets
  

Debtors: amounts falling due within one year
 6 
98,694
133,621

Cash at bank and in hand
 7 
18,000
58,500

  
116,694
192,121

Creditors: Amounts Falling Due Within One Year
 8 
(121,648)
(197,338)

Net current liabilities
  
 
 
(4,954)
 
 
(5,217)

Total assets less current liabilities
  
1,001
1,001

  

Net assets
  
1,001
1,001


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,001
1,001

  
 
1,001
 
1,001

  
1,001
1,001


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(98,693)
(133,620)

Members' other interests
  
1,001
1,001

  
(97,692)
(132,619)


Page 1

 
JAMES MCLELLAN LLP
REGISTERED NUMBER: OC372384
    
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 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 by: 




................................................
J McLellan
Designated member

Date: 3 November 2023

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

James McLellan 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

 
JAMES MCLELLAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

James McLellan LLP is a limited liability partnership incorporated in England and Wales. The registered address is 43-45 Market Street, Marple, Cheshire, SK6 7AA. The registered number is OC372384.

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

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.

 
2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Straight line
Computer equipment
-
33%
Straight line

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.

Page 3

 
JAMES MCLELLAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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.


3.


Employees

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

Page 4

 
JAMES MCLELLAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
270
575
845



At 31 March 2023

270
575
845



Depreciation


At 1 April 2022
135
380
515


Charge for the year on owned assets
68
195
263



At 31 March 2023

203
575
778



Net book value



At 31 March 2023
67
-
67



At 31 March 2022
135
195
330


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2022
5,888



At 31 March 2023
5,888




Page 5

 
JAMES MCLELLAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Amounts due from members
98,693
133,620

98,693
133,620



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,000
58,500

18,000
58,500



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to other participating interests
121,648
158,728

Other taxation and social security
-
11,146

Other creditors
-
27,464

121,648
197,338



9.


Controlling party

The ultimate controlling party is J McLellan, the designated member of the LLP.

 
Page 6