Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC428053 2022-04-01 2023-03-31 OC428053 2021-04-01 2022-03-31 OC428053 2023-03-31 OC428053 2022-03-31 OC428053 c:Buildings 2022-04-01 2023-03-31 OC428053 c:Buildings 2023-03-31 OC428053 c:Buildings 2022-03-31 OC428053 c:LandBuildings 2023-03-31 OC428053 c:LandBuildings 2022-03-31 OC428053 c:CurrentFinancialInstruments 2023-03-31 OC428053 c:CurrentFinancialInstruments 2022-03-31 OC428053 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC428053 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC428053 d:FRS102 2022-04-01 2023-03-31 OC428053 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC428053 d:FullAccounts 2022-04-01 2023-03-31 OC428053 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC428053 2 2022-04-01 2023-03-31 OC428053 d:PartnerLLP2 2022-04-01 2023-03-31 OC428053 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC428053 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC428053 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC428053 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC428053









LANGTON ROAD LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
LANGTON ROAD LLP
REGISTERED NUMBER: OC428053

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,996,184
3,055,851

  
3,996,184
3,055,851

Current assets
  

Debtors: amounts falling due within one year
 5 
40,560
107,427

Cash at bank and in hand
 6 
4,059
252,515

  
44,619
359,942

Creditors: Amounts Falling Due Within One Year
 7 
(4,500)
(8,729)

Net current assets
  
 
 
40,119
 
 
351,213

Total assets less current liabilities
  
4,036,303
3,407,064

  

Net assets
  
4,036,303
3,407,064


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
(111,038)
(54,652)

  
(111,038)
(54,652)

Members' other interests
  

Members' capital classified as equity
  
4,147,341
3,461,716

  
 
4,147,341
 
3,461,716

  
4,036,303
3,407,064


Total members' interests
  

Loans and other debts due to members
 8 
(111,038)
(54,652)

Members' other interests
  
4,147,341
3,461,716

  
4,036,303
3,407,064


Page 1

 
LANGTON ROAD LLP
REGISTERED NUMBER: OC428053
    
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: 




M Burns
Designated member

Date: 3 November 2023

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

Langton Road 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

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Langton Road LLP is a limited liability partnership incorporated in England and Wales, with registration number OC428053. The LLP's registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH. The LLP's functional and presentational currency is GBP.

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

In assessing the ability of the LLP to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the LLP. As a result, the members consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Interest income

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

 
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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in.

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.

 
2.5

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 3

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Freehold property
-
not depreciated

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.

 
2.6

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.


3.


Employees

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:


        2023
        2022
            No.
            No.







LLP Designated Members
6
6

Page 4

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2022
3,055,851


Additions
940,333



At 31 March 2023

3,996,184






Net book value



At 31 March 2023
3,996,184



At 31 March 2022
3,055,851




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold property
3,996,184
3,055,851

3,996,184
3,055,851


Page 5

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
24,261
96,237

Prepayments and accrued income
16,299
11,191

40,560
107,428



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,059
252,515

4,059
252,515



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
4,379

Accruals and deferred income
4,500
4,350

4,500
8,729


Page 6

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
111,038
54,652

111,038
54,652

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

2023
2022
£
£



Falling due within one year
111,038
54,652

111,038
54,652

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

 
Page 7