Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseProperty development22falsetrue OC429841 2022-04-01 2023-03-31 OC429841 2021-04-01 2022-03-31 OC429841 2023-03-31 OC429841 2022-03-31 OC429841 c:CurrentFinancialInstruments 2023-03-31 OC429841 c:CurrentFinancialInstruments 2022-03-31 OC429841 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC429841 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC429841 d:FRS102 2022-04-01 2023-03-31 OC429841 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC429841 d:FullAccounts 2022-04-01 2023-03-31 OC429841 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC429841 d:PartnerLLP1 2022-04-01 2023-03-31 OC429841 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC429841 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC429841 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC429841 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC429841










EAST QUAYSIDE 12 LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EAST QUAYSIDE 12 LLP
 

CONTENTS



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


 
EAST QUAYSIDE 12 LLP
REGISTERED NUMBER: OC429841

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
157,000
390,512

Cash at bank and in hand
  
32,067
-

  
189,067
390,512

Creditors: Amounts Falling Due Within One Year
 5 
(85,341)
(229,497)

Net current assets
  
 
 
103,726
 
 
161,015

Total assets less current liabilities
  
103,726
161,015

  

Net assets
  
103,726
161,015


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
1,113,368
1,047,501

Other amounts
 6 
(1,009,742)
(886,586)

  
103,626
160,915

Members' other interests
  

Members' capital classified as equity
  
100
100

  
 
100
 
100

  
103,726
161,015


Total members' interests
  

Loans and other debts due to members
 6 
103,626
160,915

Members' other interests
  
100
100

  
103,726
161,015


Page 1

 
EAST QUAYSIDE 12 LLP
REGISTERED NUMBER: OC429841
    
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 on behalf of Packaged Living (Newcastle PM) LLP
Designated member

Date: 22 November 2023

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

Page 2

 
EAST QUAYSIDE 12 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

£
£
£
£
£
£

At incorporation
-
-
-
-
-
-

Members' remuneration charged as an expense
 
-
-
-
(342,850)
(342,850)
(342,850)

Members' interests after profit for the year
100
100
937,500
(886,586)
50,914
51,014

Amounts introduced by members
 
-
-
110,001
-
110,001
110,001

Amounts due to members
 


1,047,501
(886,586)
160,915


Balance at 31 March 2022
100
100
1,047,501
(886,586)
160,915
161,015

Members' remuneration charged as an expense
 
-
-
-
(123,156)
(123,156)
(123,156)

Members' interests after profit for the year
100
100
1,047,501
(1,009,742)
37,759
37,859

Amounts introduced by members
 
-
-
65,867
-
65,867
65,867

Amounts due to members
 


1,113,368
(1,009,742)
103,626


Balance at 31 March 2023 
100
100
1,113,368
(1,009,742)
103,626
103,726

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

 
EAST QUAYSIDE 12 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

East Quayside 12 LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC429841. The address of 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

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.

 
2.3

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.

 
2.4

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.

Page 4

 
EAST QUAYSIDE 12 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

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 monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
125,336
390,412

Called up share capital not paid
100
100

Prepayments and accrued income
31,564
-

157,000
390,512



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
80,906
225,942

Accruals and deferred income
4,435
3,555

85,341
229,497


Page 5

 
EAST QUAYSIDE 12 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
1,113,368
1,047,501

Other amounts due from members
(1,009,742)
(886,586)

103,626
160,915

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



 
Page 6