Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3132022-04-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC324870 2022-04-01 2023-03-31 OC324870 2021-04-01 2022-03-31 OC324870 2023-03-31 OC324870 2022-03-31 OC324870 c:MotorVehicles 2022-04-01 2023-03-31 OC324870 c:MotorVehicles 2023-03-31 OC324870 c:MotorVehicles 2022-03-31 OC324870 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC324870 c:FurnitureFittings 2022-04-01 2023-03-31 OC324870 c:FurnitureFittings 2023-03-31 OC324870 c:FurnitureFittings 2022-03-31 OC324870 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC324870 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC324870 c:CurrentFinancialInstruments 2023-03-31 OC324870 c:CurrentFinancialInstruments 2022-03-31 OC324870 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC324870 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC324870 d:FRS102 2022-04-01 2023-03-31 OC324870 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC324870 d:FullAccounts 2022-04-01 2023-03-31 OC324870 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC324870 d:PartnerLLP1 2022-04-01 2023-03-31 OC324870 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC324870 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC324870 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC324870 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure


Registered number: OC324870












JOMATI CONSULTANTS LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


 
REGISTERED NUMBER:OC324870
JOMATI CONSULTANTS LLP

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,575
2,100

  
1,575
2,100

Current assets
  

Debtors: amounts falling due within one year
 5 
130,389
21,690

Cash at bank and in hand
  
57,181
66,487

  
187,570
88,177

Creditors: amounts falling due within one year
 6 
(89,474)
(38,485)

Net current assets
  
 
 
98,096
 
 
49,692

Total assets less current liabilities
  
99,671
51,792

  

Net assets attributable to members
  
99,671
51,792


Represented by:
  

Loans and other debts due to members within one year
  

Amounts due in respect of profits
  
92,171
44,292

  
92,171
44,292

Members' other interests
  

Members' capital classified as equity
  
7,500
7,500

  
 
7,500
 
7,500

  
99,671
51,792


Total members' interests
  

Loans and other debts due to members
  
92,171
44,292

Members' other interests
  
7,500
7,500

  
99,671
51,792


Page 1


 
REGISTERED NUMBER:OC324870
JOMATI CONSULTANTS LLP
    
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 by: 




A N Williams
Designated member

Date: 1 November 2023

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

Page 2

 

JOMATI CONSULTANTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Jomati Consultants LLP is a limited liability partnership incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH. 
The limited liability partnership's principal activities are disclosed in the Members' Report. 
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

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 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.

 
2.3

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.

Page 3

 

JOMATI CONSULTANTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

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.

 
2.4

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. 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.

 
2.5

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the
Page 4

 

JOMATI CONSULTANTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

 
2.7

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 5

 

JOMATI CONSULTANTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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.







Average number of employees
3
3


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2022
25,227
4,475
29,702



At 31 March 2023

25,227
4,475
29,702



Depreciation


At 1 April 2022
23,334
4,268
27,602


Charge for the year
473
52
525



At 31 March 2023

23,807
4,320
28,127



Net book value



At 31 March 2023
1,420
155
1,575



At 31 March 2022
1,893
207
2,100


5.


Debtors

2023
2022
£
£


Trade debtors
129,020
20,690

Other debtors
660
1,000

Prepayments and accrued income
709
-

130,389
21,690


Page 6

 

JOMATI CONSULTANTS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Other taxation and social security
24,639
9,226

Accruals and deferred income
64,835
29,259

89,474
38,485


 
Page 7