Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-010falseProperty development0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC352584 2023-03-31 OC352584 2022-04-01 2023-03-31 OC352584 2021-04-01 2022-03-31 OC352584 2022-03-31 OC352584 c:CurrentFinancialInstruments 2023-03-31 OC352584 c:CurrentFinancialInstruments 2022-03-31 OC352584 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC352584 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC352584 d:FRS102 2022-04-01 2023-03-31 OC352584 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC352584 d:FullAccounts 2022-04-01 2023-03-31 OC352584 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC352584 d:PartnerLLP2 2022-04-01 2023-03-31 OC352584 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC352584 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC352584 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC352584 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC352584










MANSE (SEAFIELD) LLP








UNAUDITED

MEMBERS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
MANSE (SEAFIELD) LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 6


 
MANSE (SEAFIELD) LLP
REGISTERED NUMBER: OC352584

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,218
73,738

Cash at bank and in hand
 5 
16,613
488

  
27,831
74,226

Creditors: Amounts Falling Due Within One Year
 6 
(27,563)
(53,025)

Net current assets
  
 
 
268
 
 
21,201

Total assets less current liabilities
  
268
21,201

  

Net assets
  
268
21,201


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
188,299
151,042

Other amounts
  
(188,131)
(129,941)

  
168
21,101

Members' other interests
  

Members' capital classified as equity
  
100
100

  
 
100
 
100

  
268
21,201


Total members' interests
  

Loans and other debts due to members
  
168
21,101

Members' other interests
  
100
100

  
268
21,201


Page 1

 
MANSE (SEAFIELD) LLP
REGISTERED NUMBER: OC352584
    
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: 




................................................
R J S Palmer for and on behalf of
 Fiera Real Estate UK Limited
Designated Member
Date: 9 November 2023

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
MANSE (SEAFIELD) 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
Members' capital (classified as equity)
Total
Members' capital (classified as debt)
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members 

61,002
(70,920)
(9,918)


Balance at 1 April 2021 
100
100
61,002
(70,920)
(9,918)
(9,818)

Members' interests after profit for the year
 
100
100
61,002
(70,920)
(9,918)
(9,818)

Profit distributed to members
-
-
-
(59,021)
(59,021)
(59,021)

Amounts introduced by members
-
-
90,040
-
90,040
90,040

Amounts due to members
 


151,042
(129,941)
21,101


Balance at 31 March 2022
100
100
151,042
(129,941)
21,101
21,201

Members' interests after profit for the year
100
100
151,042
(129,941)
21,101
21,201

Profit distributed to members
 
-
-
-
(58,190)
(58,190)
(58,190)

Amounts introduced by members
-
-
37,257
-
37,257
37,257

Amounts due to members
 


188,299
(188,131)
168


Balance at 31 March 2023 
100
100
188,299
(188,131)
168
268

The notes on pages 4 to 6 form part of these financial statements.

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

 
MANSE (SEAFIELD) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Manse (Seafield) LLP is a limited liability partnership incorporated in the UK and registered in England and Wales, registration number OC352584. The registered office is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

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

Turnover

Rendering of services
Turnover 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 turnover 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

 
2.3

Debtors

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

 
2.4

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.

 
2.5

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.

Page 4

 
MANSE (SEAFIELD) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Members

The average number of members during the year was 3 (2022 - 3).

Page 5

 
MANSE (SEAFIELD) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Other debtors
100
12,538

Prepayments and accrued income
11,118
61,200

11,218
73,738



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,613
488



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
10,564
49,470

Other taxation and social security
214
-

Accruals and deferred income
16,785
3,555

27,563
53,025



7.


Loans and other debts due to members

2023
2022
£
£
Loans from members

188,299

151,042

Amounts owed to/(by) members in respect of profit/(loss)

(186,019)

(129,941)

2,280

21,101


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

 
Page 6