Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true0No description of principal activityfalsetrue02022-04-01 OC371098 2022-04-01 2023-03-31 OC371098 2021-04-01 2022-03-31 OC371098 2023-03-31 OC371098 2022-03-31 OC371098 c:CurrentFinancialInstruments 2023-03-31 OC371098 c:CurrentFinancialInstruments 2022-03-31 OC371098 c:CurrentFinancialInstruments 2 2023-03-31 OC371098 c:CurrentFinancialInstruments 2 2022-03-31 OC371098 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC371098 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC371098 e:FRS102 2022-04-01 2023-03-31 OC371098 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC371098 e:FullAccounts 2022-04-01 2023-03-31 OC371098 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC371098 2 2022-04-01 2023-03-31 OC371098 6 2022-04-01 2023-03-31 OC371098 e:PartnerLLP1 2022-04-01 2023-03-31 OC371098 e:PartnerLLP2 2022-04-01 2023-03-31 OC371098 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC371098 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC371098









DAVID KENNARD LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
DAVID KENNARD LLP
REGISTERED NUMBER: OC371098

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 3 
22,358
22,358

  
22,358
22,358

Current assets
  

Debtors: amounts falling due within one year
 4 
105,463
141,147

Cash at bank and in hand
 5 
30,090
19,407

  
135,553
160,554

Creditors: Amounts Falling Due Within One Year
 6 
(156,911)
(181,912)

Net current liabilities
  
 
 
(21,358)
 
 
(21,358)

Total assets less current liabilities
  
1,000
1,000

  

Net assets
  
1,000
1,000


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,000
1,000

  
 
1,000
 
1,000

  
1,000
1,000


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(105,463)
(141,147)

Members' other interests
  
1,000
1,000

  
(104,463)
(140,147)


Page 1

 
DAVID KENNARD LLP
REGISTERED NUMBER: OC371098
    
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: 




................................................
J D Kennard
................................................
Greenham Limited
Designated member
Designated member


Date: 27 November 2023

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

David Kennard 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

 
DAVID KENNARD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

David Kennard LLP is a limited liability partnership incorporated in England and Wales. The trading address is 43-45 Market Street, Marple, Cheshire, SK6 7AA. The registered number is OC371098. 

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

Interest income

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

 
2.3

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 charge as an expense in the profit and loss account.

 
2.4

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.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

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.

Page 3

 
DAVID KENNARD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2022
22,358



At 31 March 2023
22,358




The LLP is a member of S & T Asset Management LLP and has a fixed capital contribution of £22,358 as at 31 March 2023.
S & T Asset Management LLP is incorporated in England and Wales and the principal activity is that of investment management.


4.


Debtors

2023
2022
£
£


Amounts due from members
105,463
141,147

105,463
141,147


Page 4

 
DAVID KENNARD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
30,090
19,407

30,090
19,407



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to other participating interests
156,911
181,912

156,911
181,912


 
Page 5