Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsetrueReal estate management and consultancy2022-04-010 OC435040 2022-04-01 2023-03-31 OC435040 2021-01-12 2022-03-31 OC435040 2023-03-31 OC435040 2022-03-31 OC435040 c:CurrentFinancialInstruments 2023-03-31 OC435040 c:CurrentFinancialInstruments 2022-03-31 OC435040 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC435040 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC435040 d:FRS102 2022-04-01 2023-03-31 OC435040 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC435040 d:FullAccounts 2022-04-01 2023-03-31 OC435040 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC435040 d:PartnerLLP1 2022-04-01 2023-03-31 OC435040 d:PartnerLLP2 2022-04-01 2023-03-31 OC435040 c:FurtherSpecificReserve4ComponentTotalEquity 2023-03-31 OC435040 c:FurtherSpecificReserve4ComponentTotalEquity 2022-03-31 OC435040 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC435040 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC435040









FLAGPOINT PARTNERS LLP







UNAUDITED

MEMBERS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FLAGPOINT PARTNERS LLP
 

INFORMATION



Designated Members
C Brill-Edwards
D Schlegel

LLP registered number
OC435040

Registered office
42 Brook Street
London
W1K 5DB

Accountants
Rawlinson & Hunter LLP
Chartered Accountants
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ


 
FLAGPOINT PARTNERS LLP
 

CONTENTS



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


 
FLAGPOINT PARTNERS LLP
REGISTERED NUMBER: OC435040

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
15,751
13,642

Cash at bank and in hand
 5 
214
4,019

  
15,965
17,661

Creditors: Amounts Falling Due Within One Year
 6 
(4,200)
(1,200)

Net current assets
  
 
 
11,765
 
 
16,461

Total assets less current liabilities
  
11,765
16,461

  

Net assets
  
11,765
16,461


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
19,800
20,000

  
19,800
20,000

  

Other reserves classified as equity
  
(8,035)
(3,539)

  
11,765
16,461


Total members' interests
  

Loans and other debts due to members
 7 
19,800
20,000

Members' other interests
  
(8,035)
(3,539)

  
11,765
16,461


Page 1

 
FLAGPOINT PARTNERS LLP
REGISTERED NUMBER: OC435040
    
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: 




C Brill-Edwards
D Schlegel
Designated member
Designated member


Date: 28 November 2023
Date:28 November 2023

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

Page 2

 
FLAGPOINT PARTNERS 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
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

At incorporation
-
-
-
-
-

Loss for the year available for discretionary division among members
 
(3,539)
(3,539)
-
-
(3,539)

Members' interests after loss for the year
(3,539)
(3,539)
-
-
(3,539)

Amounts introduced by members
 
-
-
20,000
20,000
20,000

Amounts due to members
 


20,000
20,000


Balance at 31 March 2022
(3,539)
(3,539)
20,000
20,000
16,461

Loss for the year available for discretionary division among members
 
(4,496)
(4,496)
-
-
(4,496)

Members' interests after loss for the year
(8,035)
(8,035)
20,000
20,000
11,965

Repayment of debt
-
-
(200)
(200)
(200)

Amounts due to members
 


19,800
19,800


Balance at 31 March 2023 
(8,035)
(8,035)
19,800
19,800
11,765

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

 
FLAGPOINT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Flagpoint Partners LLP is a Limited Liability Partnership, incorporated in England and Wales with an LLP registration number of OC435040. The registered office is 42 Brook Street, London, W1K 5DB. 

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

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.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

Page 4

 
FLAGPOINT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

The LLP only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.


3.


Employees

The entity has no employees.

Page 5

 
FLAGPOINT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Other debtors
15,751
13,642



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
214
4,019



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
4,200
1,200



7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
19,800
20,000

19,800
20,000

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

2023
2022
£
£



Falling due within one year
19,800
20,000

19,800
20,000

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

 
Page 6