Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-052023-04-052022-04-06falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC335434 2022-04-06 2023-04-05 OC335434 2021-04-06 2022-04-05 OC335434 2023-04-05 OC335434 2022-04-05 OC335434 c:PlantMachinery 2023-04-05 OC335434 c:PlantMachinery 2022-04-05 OC335434 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 OC335434 c:MotorVehicles 2022-04-06 2023-04-05 OC335434 c:MotorVehicles 2023-04-05 OC335434 c:MotorVehicles 2022-04-05 OC335434 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 OC335434 c:ComputerEquipment 2022-04-06 2023-04-05 OC335434 c:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 OC335434 c:CurrentFinancialInstruments 2023-04-05 OC335434 c:CurrentFinancialInstruments 2022-04-05 OC335434 c:Non-currentFinancialInstruments 2023-04-05 OC335434 c:Non-currentFinancialInstruments 2022-04-05 OC335434 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC335434 c:CurrentFinancialInstruments c:WithinOneYear 2022-04-05 OC335434 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-05 OC335434 c:Non-currentFinancialInstruments c:AfterOneYear 2022-04-05 OC335434 d:FRS102 2022-04-06 2023-04-05 OC335434 d:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 OC335434 d:FullAccounts 2022-04-06 2023-04-05 OC335434 d:LimitedLiabilityPartnershipLLP 2022-04-06 2023-04-05 OC335434 d:PartnerLLP1 2022-04-06 2023-04-05 OC335434 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-05 OC335434 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-04-05 OC335434 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-05 OC335434 c:FurtherSpecificReserve3ComponentTotalEquity 2022-04-05 iso4217:GBP xbrli:pure

Registered number: OC335434









CENTRELAND MANAGEMENT LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2023

 
CENTRELAND MANAGEMENT LLP
REGISTERED NUMBER: OC335434

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
20,924
31,237

  
20,924
31,237

Current assets
  

Debtors: amounts falling due within one year
 5 
21,222
16,989

Cash at bank and in hand
  
258,489
1,145,931

  
279,711
1,162,920

Creditors: Amounts Falling Due Within One Year
 6 
(61,041)
(45,593)

Net current assets
  
 
 
218,670
 
 
1,117,327

Total assets less current liabilities
  
239,594
1,148,564

Creditors: amounts falling due after more than one year
 7 
(20,459)
(26,465)

  
219,135
1,122,099

  

Net assets
  
219,135
1,122,099


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
144,135
1,047,099

  
144,135
1,047,099

Members' other interests
  

Members' capital classified as equity
  
75,000
75,000

  
 
75,000
 
75,000

  
219,135
1,122,099


Total members' interests
  

Loans and other debts due to members
 8 
144,135
1,047,099

Members' other interests
  
75,000
75,000

  
219,135
1,122,099


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.

Page 1

 
CENTRELAND MANAGEMENT LLP
REGISTERED NUMBER: OC335434
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2023

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 income statement 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 on 16 November 2023.

Mr H W Davis
Designated member
The notes on pages 3 to 7 form part of these financial statements.

Centreland Management 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

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Centreland Management LLP is a limited liability partnership registered in England & Wales. The address of its registered office is Bolsover House, 5-6 Clipstone Street, London W1W 6BB. 

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

The Members consider that the LLP will be able to continue to pay its debts as they fall due within the next twelve months and accordingly these financial statements are prepared on the going concern basis. 

 
2.3

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.

 
2.4

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

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

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, as follows.

Depreciation is provided on the following basis:

Motor vehicles
-
25% per annum straight line
Computer equipment
-
straight line over three years

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 the income statement.

 
2.5

Debtors

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

 
2.6

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. 

 
2.7

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
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 statement of comprehensive income.

 
2.8

Creditors

Creditors are measured at the transaction price. 

 
2.9

Currency

The LLP's functional and presentational currency is GBP.

 
2.10

Finance costs

Finance costs are charged to profit or loss evenly over the term of the hire purchase agreements.

Page 4

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.11

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.


3.


Employees


The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 6 April 2022
38,466
38,750
77,216



At 5 April 2023

38,466
38,750
77,216



Depreciation


At 6 April 2022
36,291
9,688
45,979


Charge for the year on owned assets
625
9,688
10,313



At 5 April 2023

36,916
19,376
56,292



Net book value



At 5 April 2023
1,550
19,374
20,924



At 5 April 2022
2,175
29,062
31,237



Page 5

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

5.


Debtors

2023
2022
£
£


Trade debtors
289
-

Prepayments and accrued income
20,933
16,989

21,222
16,989



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,497
-

Other taxation and social security
41,039
33,734

Hire purchase contracts
6,005
6,005

Other creditors
-
513

Accruals and deferred income
7,500
5,341

61,041
45,593



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Hire purchase contracts
20,459
26,465

20,459
26,465


Page 6

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
144,135
1,047,099

144,135
1,047,099

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

2022
2021
£
£



Falling due within one year
144,135
1,047,099

144,135
1,047,099

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

 
Page 7