Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-312022-08-312021-09-01falseNo description of principal activity88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07144615 2021-09-01 2022-08-31 07144615 2020-09-01 2021-08-31 07144615 2022-08-31 07144615 2021-08-31 07144615 c:Director1 2021-09-01 2022-08-31 07144615 d:Buildings d:ShortLeaseholdAssets 2021-09-01 2022-08-31 07144615 d:Buildings d:ShortLeaseholdAssets 2022-08-31 07144615 d:Buildings d:ShortLeaseholdAssets 2021-08-31 07144615 d:MotorVehicles 2021-09-01 2022-08-31 07144615 d:MotorVehicles 2022-08-31 07144615 d:MotorVehicles 2021-08-31 07144615 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 07144615 d:FurnitureFittings 2021-09-01 2022-08-31 07144615 d:FurnitureFittings 2022-08-31 07144615 d:FurnitureFittings 2021-08-31 07144615 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 07144615 d:OfficeEquipment 2021-09-01 2022-08-31 07144615 d:OfficeEquipment 2022-08-31 07144615 d:OfficeEquipment 2021-08-31 07144615 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 07144615 d:ComputerEquipment 2021-09-01 2022-08-31 07144615 d:ComputerEquipment 2022-08-31 07144615 d:ComputerEquipment 2021-08-31 07144615 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 07144615 d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 07144615 d:CurrentFinancialInstruments 2022-08-31 07144615 d:CurrentFinancialInstruments 2021-08-31 07144615 d:Non-currentFinancialInstruments 2022-08-31 07144615 d:Non-currentFinancialInstruments 2021-08-31 07144615 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 07144615 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 07144615 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 07144615 d:Non-currentFinancialInstruments d:AfterOneYear 2021-08-31 07144615 d:ShareCapital 2022-08-31 07144615 d:ShareCapital 2021-08-31 07144615 d:RetainedEarningsAccumulatedLosses 2022-08-31 07144615 d:RetainedEarningsAccumulatedLosses 2021-08-31 07144615 c:FRS102 2021-09-01 2022-08-31 07144615 c:AuditExempt-NoAccountantsReport 2021-09-01 2022-08-31 07144615 c:FullAccounts 2021-09-01 2022-08-31 07144615 c:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 07144615









SULLIVAN STREET PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2022

 
SULLIVAN STREET PARTNERS LIMITED
REGISTERED NUMBER: 07144615

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
465,169
209,539

  
465,169
209,539

Current assets
  

Debtors: amounts falling due within one year
 5 
512,958
114,429

Cash at bank and in hand
  
502,997
42,985

  
1,015,955
157,414

Creditors: amounts falling due within one year
 6 
(504,824)
(223,367)

Net current assets/(liabilities)
  
 
 
511,131
 
 
(65,953)

Total assets less current liabilities
  
976,300
143,586

Creditors: amounts falling due after more than one year
  
(443,750)
-

Provisions for liabilities
  

Other provisions
  
(150,000)
-

  
 
 
(150,000)
 
 
-

Net assets
  
382,550
143,586


Capital and reserves
  

Called up share capital 
  
250,002
250,002

Profit and loss account
  
132,548
(106,416)

  
382,550
143,586


Page 1

 
SULLIVAN STREET PARTNERS LIMITED
REGISTERED NUMBER: 07144615
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2023.




R B Sanders
Director

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

Page 2

 
SULLIVAN STREET PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

1.


General information

Sullivan Street Partners Limited is a private company limited by shares incorporated in England & Wales (registered number 07144615). The registered office is 110 Wigmore Street, London, W1U 3RW. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

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.

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 Company 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 Company 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

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 reporting date in the countries where the Company operates and generates income.

 
2.4

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

 
SULLIVAN STREET PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)


2.4
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:

Short-term leasehold property
-
over the life of the lease
Motor vehicles
-
25% Straight Line
Fixtures and fittings
-
25% Straight Line
Office equipment
-
33% 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.

 
2.5

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.

 
2.6

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.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2021 - 8).

Page 4

 
SULLIVAN STREET PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 September 2021
327,391
-
91,218
6,843
55,620


Additions
114,851
142,703
88,433
9,867
5,356



At 31 August 2022

442,242
142,703
179,651
16,710
60,976



Depreciation


At 1 September 2021
168,698
-
59,228
3,192
40,415


Charge for the year on owned assets
63,347
2,129
25,525
2,498
12,081



At 31 August 2022

232,045
2,129
84,753
5,690
52,496



Net book value



At 31 August 2022
210,197
140,574
94,898
11,020
8,480



At 31 August 2021
158,693
-
31,990
3,650
15,206
Page 5

 
SULLIVAN STREET PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 September 2021
481,072


Additions
361,210



At 31 August 2022

842,282



Depreciation


At 1 September 2021
271,533


Charge for the year on owned assets
105,580



At 31 August 2022

377,113



Net book value



At 31 August 2022
465,169



At 31 August 2021
209,539

Page 6

 
SULLIVAN STREET PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

5.


Debtors

2022
2021
£
£


Trade debtors
349,136
-

Other debtors
70,581
95,887

Prepayments and accrued income
93,241
18,542

512,958
114,429



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
21,111
27,112

Corporation tax
54,534
43,599

Other taxation and social security
63,318
9,732

Other creditors
47,340
75,787

Accruals and deferred income
318,521
67,137

504,824
223,367



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Accruals and deferred income
443,750
-

443,750
-


 
Page 7