Caseware UK (AP4) 2022.0.179 2022.0.179 21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falseNo description of principal activity18falsetrue OC331806 2022-05-01 2023-04-30 OC331806 2021-05-01 2022-04-30 OC331806 2023-04-30 OC331806 2022-04-30 OC331806 c:FurnitureFittings 2022-05-01 2023-04-30 OC331806 c:FurnitureFittings 2023-04-30 OC331806 c:FurnitureFittings 2022-04-30 OC331806 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC331806 c:OfficeEquipment 2022-05-01 2023-04-30 OC331806 c:OfficeEquipment 2023-04-30 OC331806 c:OfficeEquipment 2022-04-30 OC331806 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC331806 c:ComputerEquipment 2022-05-01 2023-04-30 OC331806 c:ComputerEquipment 2023-04-30 OC331806 c:ComputerEquipment 2022-04-30 OC331806 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC331806 c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC331806 c:CurrentFinancialInstruments 2023-04-30 OC331806 c:CurrentFinancialInstruments 2022-04-30 OC331806 c:Non-currentFinancialInstruments 2023-04-30 OC331806 c:Non-currentFinancialInstruments 2022-04-30 OC331806 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC331806 c:CurrentFinancialInstruments c:WithinOneYear 2022-04-30 OC331806 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 OC331806 c:Non-currentFinancialInstruments c:AfterOneYear 2022-04-30 OC331806 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-30 OC331806 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-04-30 OC331806 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-04-30 OC331806 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-04-30 OC331806 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-30 OC331806 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-04-30 OC331806 d:FRS102 2022-05-01 2023-04-30 OC331806 d:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 OC331806 d:FullAccounts 2022-05-01 2023-04-30 OC331806 d:LimitedLiabilityPartnershipLLP 2022-05-01 2023-04-30 OC331806 c:WithinOneYear 2023-04-30 OC331806 c:WithinOneYear 2022-04-30 OC331806 c:BetweenOneFiveYears 2023-04-30 OC331806 c:BetweenOneFiveYears 2022-04-30 OC331806 2 2022-05-01 2023-04-30 OC331806 6 2022-05-01 2023-04-30 OC331806 d:PartnerLLP1 2022-05-01 2023-04-30 OC331806 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC331806 c:FurtherSpecificReserve3ComponentTotalEquity 2022-04-30 iso4217:GBP xbrli:pure


















CM Murray LLP























Unaudited

Financial statements



For the year ended 30 April 2023



Registered number: OC331806

 
CM Murray LLP - Registered number: OC331806

Statement of financial position
As at 30 April 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,828
34,144

Investments
 5 
1
1

  
22,829
34,145

Current assets
  

Debtors: amounts falling due within one year
 6 
1,080,114
747,597

Cash at bank and in hand
  
866,121
1,078,605

  
1,946,235
1,826,202

Creditors: amounts falling due within one year
 7 
(618,966)
(601,212)

Net current assets
  
 
 
1,327,269
 
 
1,224,990

Total assets less current liabilities
  
1,350,098
1,259,135

Creditors: amounts falling due after more than one year
 8 
(258,333)
(358,333)

  
1,091,765
900,802

Provisions for liabilities
  

Other provisions
 10 
(25,000)
(25,000)

  
 
 
(25,000)
 
 
(25,000)

Net assets
  
1,066,765
875,802

Page 1

 
CM Murray LLP - Registered number: OC331806

Statement of financial position (continued)
As at 30 April 2023

2023
2022
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
 11 
622,910
475,410

Other amounts
 11 
443,855
400,392

  
1,066,765
875,802

  

  
1,066,765
875,802


Total members' interests
  

Loans and other debts due to members
 11 
1,066,765
875,802

  
1,066,765
875,802


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: 



C Murray
Designated member

Date: 15 November 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CM Murray LLP

 
Notes to the financial statements
For the year ended 30 April 2023

1.


General information

CM Murray LLP is a limited liability partnership incorporated in England and Wales. Its LLP registration number is OC331806. The registered office and principal place of business of the LLP is 36-38 Cornhill, First Floor, London, EC3V 3NG.

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 Republic of Ireland', ('FRS 102') and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of engagement. Unbilled turnover is included within debtors as accrued income.

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Office equipment
-
25%
Computer equipment
-
33%

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 profit or loss.

Page 3

 
CM Murray LLP

Notes to the financial statements
For the year ended 30 April 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

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

 
2.6

Cash

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, loans from banks and other third parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.9

Foreign currency translation

Functional and presentational currency
The LLP's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate.

 
2.10

Members' remuneration

Profits attributable to members are determined, allocated and divided between members after the year and
until that time are included within members' other interests. Any drawings paid in respect of those profits are
included within debtors.
Provided that there are sufficient profits, the LLP agreement provides that fixed amounts, determined for
some members each year, be paid to members irrespective of the overall profits of the LLP.

Members' profit shares are included as an expense in the profit and loss account after arriving at "profit for
the financial year before members' remuneration and profit shares."

The terms of the members' agreement requires that the capital be returned to a member on his or her
retirement. It is accordingly accounted for as liabilities in the LLP.

Page 4

 
CM Murray LLP

Notes to the financial statements
For the year ended 30 April 2023

2.Accounting policies (continued)

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term.

 
2.13

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 profit or loss 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.

 
2.14

Interest income

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

 
2.15

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the LLP a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the LLP becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

  
2.17

Taxation

Taxation of all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial statements.

Page 5

 
CM Murray LLP

 
Notes to the financial statements
For the year ended 30 April 2023

3.


Employees

The average monthly number of employees during the year was 21 (2022 - 18).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2022
69,845
3,620
67,572
141,037


Additions
-
-
6,622
6,622



At 30 April 2023

69,845
3,620
74,194
147,659



Depreciation


At 1 May 2022
52,589
2,635
51,669
106,893


Charge for the year on owned assets
7,590
316
10,032
17,938



At 30 April 2023

60,179
2,951
61,701
124,831



Net book value



At 30 April 2023
9,666
669
12,493
22,828



At 30 April 2022
17,256
985
15,903
34,144


5.


Fixed asset investments





Investments in subsidiary company

£



Cost


At 1 May 2022
1



At 30 April 2023
1




Page 6

 
CM Murray LLP

 
Notes to the financial statements
For the year ended 30 April 2023

6.


Debtors

2023
2022
£
£


Trade debtors
907,385
560,233

Amounts owed by group undertakings
90,614
74,483

Prepayments
75,669
112,575

Amounts recoverable on long term contracts
6,446
306

1,080,114
747,597



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
100,000
100,000

Trade creditors
268,566
233,142

Other taxation and social security
207,409
190,652

Other creditors
5,014
5,479

Accruals
37,977
71,939

618,966
601,212


The bank loan is secured by a debenture granted by CM Murray LLP.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
258,333
358,333

258,333
358,333


The bank loan is secured by a debenture granted by CM Murray LLP.

Page 7

 
CM Murray LLP

 
Notes to the financial statements
For the year ended 30 April 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
100,000
100,000


100,000
100,000

Amounts falling due 1-2 years

Bank loans
100,000
100,000


100,000
100,000

Amounts falling due 2-5 years

Bank loans
158,333
258,333


158,333
258,333


358,333
458,333



10.


Provisions





Dilapidation provision

£





At 1 May 2022
25,000



At 30 April 2023
25,000

Page 8

 
CM Murray LLP

 
Notes to the financial statements
For the year ended 30 April 2023

11.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
622,910
475,410

Other amounts due to members
443,855
400,392

1,066,765
875,802



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


12.


Pension commitments

The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The charge for the year was £20,301 (2022: £22,463) and at 30 April 2023, there were unpaid contributions payable to the fund totaling £5,014 (2022: £5,479).


13.


Commitments under operating leases

At 30 April 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
143,837
61,602

Later than 1 year and not later than 5 years
59,932
879

203,769
62,481


14.


Controlling party

In the opinion of the members there is no controlling party


Page 9