Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30No description of principal activity22021-12-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC414458 2021-12-01 2022-11-30 OC414458 2020-12-01 2021-11-30 OC414458 2022-11-30 OC414458 2021-11-30 OC414458 c:CurrentFinancialInstruments 2022-11-30 OC414458 c:CurrentFinancialInstruments c:WithinOneYear 2022-11-30 OC414458 c:CurrentFinancialInstruments c:WithinOneYear 2021-11-30 OC414458 d:FRS102 2021-12-01 2022-11-30 OC414458 d:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 OC414458 d:FullAccounts 2021-12-01 2022-11-30 OC414458 d:LimitedLiabilityPartnershipLLP 2021-12-01 2022-11-30 OC414458 2 2021-12-01 2022-11-30 OC414458 d:PartnerLLP1 2021-12-01 2022-11-30 OC414458 d:PartnerLLP3 2021-12-01 2022-11-30 OC414458 c:FurtherSpecificReserve2ComponentTotalEquity 2022-11-30 OC414458 c:FurtherSpecificReserve2ComponentTotalEquity 2021-11-30 OC414458 c:FurtherSpecificReserve3ComponentTotalEquity 2022-11-30 OC414458 c:FurtherSpecificReserve3ComponentTotalEquity 2021-11-30 iso4217:GBP xbrli:pure

Registered number: OC414458









BLASE ENTERPRISES LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
BLASE ENTERPRISES LLP
REGISTERED NUMBER: OC414458

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
  
10,000
-

Cash at bank and in hand
 3 
15,508
4,222

  
25,508
4,222

Creditors: Amounts Falling Due Within One Year
 4 
(10,766)
(1,020)

Net current assets
  
 
 
14,742
 
 
3,202

Total assets less current liabilities
  
14,742
3,202

  

Net assets
  
14,742
3,202


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 5 
23,628
3,202

  
23,628
3,202

Members' other interests
  

Other reserves classified as equity
  
(8,886)
-

  
 
(8,886)
 
-

  
14,742
3,202


Total members' interests
  

Loans and other debts due to members
 5 
23,628
3,202

Members' other interests
  
(8,886)
-

  
14,742
3,202


Page 1

 
BLASE ENTERPRISES LLP
REGISTERED NUMBER: OC414458
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

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: 




H Coulthard
M Davies
Designated member
Designated member


Date: 11 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Blase Enterprises 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

 
BLASE ENTERPRISES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Blase Enterprises LLP is a limited liability partnership incorporated in England and Wales (reg no.
OC414458). Its registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W
6XH.
The financial statements are presented in Sterling, which is the functional currency of the partnership.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BLASE ENTERPRISES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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.


3.


Cash and cash equivalents

2022
£

Cash at bank and in hand
15,507

15,507


Page 4

 
BLASE ENTERPRISES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
9,516

Accruals and deferred income
1,250

10,766



5.


Loans and other debts due to members


2022
£



Other amounts due to members
23,628

23,628

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

2022
£



Falling due within one year
23,628

23,628

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

 
Page 5