Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false02022-04-01trueNo description of principal activity0true OC317367 2022-04-01 2023-03-31 OC317367 2021-01-01 2022-03-31 OC317367 2023-03-31 OC317367 2022-03-31 OC317367 c:CurrentFinancialInstruments 2023-03-31 OC317367 c:CurrentFinancialInstruments 2022-03-31 OC317367 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC317367 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC317367 d:EntityHasNeverTraded 2022-04-01 2023-03-31 OC317367 d:FRS102 2022-04-01 2023-03-31 OC317367 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC317367 d:FullAccounts 2022-04-01 2023-03-31 OC317367 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC317367 6 2022-04-01 2023-03-31 OC317367 d:PartnerLLP1 2022-04-01 2023-03-31 OC317367 d:PartnerLLP2 2022-04-01 2023-03-31 OC317367 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC317367 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC317367 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC317367 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 OC317367 2 2023-03-31 OC317367 2 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC317367


BUSARA INVESTMENTS LLP
UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


 
BUSARA INVESTMENTS LLP


CONTENTS



Page
Information
 
         1
Balance sheet
 
2 - 3
Reconciliation of members' interests
 
4
Notes to the financial statements
 
5 - 8



 
BUSARA INVESTMENTS LLP


INFORMATION


Designated Members         H H Webb
                                             D L Webb 

LLP registered number
OC317367

Registered office
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Accountants
Blick Rothenberg Limited
Chartered Accountants
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Page 1

                                                                REGISTERED NUMBER: OC317367
 
BUSARA INVESTMENTS LLP


BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
1,268,600
1,268,600

  
1,268,600
1,268,600

  

Creditors: amounts falling due within one year
 5 
(57,428)
(57,428)

Net current liabilities
  
 
 
(57,428)
 
 
(57,428)

Total assets less current liabilities
  
1,211,172
1,211,172

  

Net assets
  
1,211,172
1,211,172


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
1,111,172
1,111,172

  
1,111,172
1,111,172

Members' other interests
  

Members' capital classified as equity
  
100,000
100,000

  
 
100,000
 
100,000

  
1,211,172
1,211,172


Total members' interests
  

Loans and other debts due to members
 6 
1,111,172
1,111,172

Members' other interests
  
100,000
100,000

Total members' interest
  
1,211,172
1,211,172


Page 2

                                                                REGISTERED NUMBER: OC317367
 
BUSARA INVESTMENTS 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 480 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: 




H H Webb
D L Webb
Designated member
Designated member


Date: 23 November 2023
Date:23 November 2023

The notes on pages 5 to 8 form part of these financial statements.

Page 3


 
BUSARA INVESTMENTS 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
Other amounts
Total
Total

£
£
£
£
£

Members' interests after profit for the YEAR
100,000
100,000
1,111,172
1,111,172
1,211,172

Amounts due to members
1,111,172
1,111,172

Balance at 31 March 2022
100,000
100,000
1,111,172
1,111,172
1,211,172

Members' interests after profit for the YEAR
100,000
100,000
1,111,172
1,111,172
1,211,172

Amounts due to members
1,111,172
1,111,172

Balance at 31 March 2023 
100,000
100,000
1,111,172
1,111,172
1,211,172

Busara Investments 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.
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 4


 
BUSARA INVESTMENTS LLP

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

1.


General information

Busara Investment 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 financial statements are presented in Sterling (£).

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".

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Valuation of investments

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 5


 
BUSARA INVESTMENTS LLP

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

2.Accounting policies (continued)


2.4

Financial instruments

The LLP has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. 
 
The LLP’s policies for its major classes of financial assets and financial liabilities are set out below. 
 
Financial liabilities

Basic financial liabilities, including other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

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

Derecognition of financial assets 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
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.


3.


Employees

The entity has no employees.

Page 6


 
BUSARA INVESTMENTS LLP

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

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
1,378,643



At 31 March 2023

1,378,643



Impairment


At 1 April 2022
110,043



At 31 March 2023

110,043



Net book value



At 31 March 2023
1,268,600



At 31 March 2022
1,268,600


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
51,428
51,428

Accruals and deferred income
6,000
6,000

57,428
57,428


Page 7


 
BUSARA INVESTMENTS LLP

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

6.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
1,111,172
1,111,172

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

2023
2022
£
£



Falling due within one year
1,111,172
1,111,172

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

Page 8