Caseware UK (AP4) 2022.0.179 2022.0.179 truethe provision of strategic financial and business consulting servicesfalse2022-04-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC418008 2022-04-01 2023-03-31 OC418008 2021-08-01 2022-03-31 OC418008 2023-03-31 OC418008 2022-03-31 OC418008 c:OfficeEquipment 2022-04-01 2023-03-31 OC418008 c:OfficeEquipment 2023-03-31 OC418008 c:OfficeEquipment 2022-03-31 OC418008 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC418008 c:CurrentFinancialInstruments 2023-03-31 OC418008 c:CurrentFinancialInstruments 2022-03-31 OC418008 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC418008 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC418008 d:FRS102 2022-04-01 2023-03-31 OC418008 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC418008 d:FullAccounts 2022-04-01 2023-03-31 OC418008 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC418008 d:PartnerLLP1 2022-04-01 2023-03-31 OC418008 d:PartnerLLP2 2022-04-01 2023-03-31 OC418008 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC418008 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC418008

















Pascal Capital LLP
Financial Statements
Information For Filing With The Registrar
For The Year Ended 31 March 2023

 
Pascal Capital LLP
 

Information



Designated Members
Pierre Suhrcke
Michaela Lorenc-Suhrcke

LLP registered number
OC418008

Registered office
Brook House - G4
54a Cowley Mill Road
Uxbridge
UB8 2QE


 
Pascal Capital LLP
 

Contents



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
Pascal Capital LLP
Registered number:OC418008

Statement of Financial Position
As at 31 March 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 3 
318
1,210

  
318
1,210

Current assets
  

Debtors: amounts falling due within one year
 4 
2,192
-

Cash at bank and in hand
 5 
2,333
62,314

  
4,525
62,314

Creditors: Amounts Falling Due Within One Year
 6 
(8,822)
(4,639)

Net current (liabilities)/assets
  
 
 
(4,297)
 
 
57,675

Total assets less current liabilities
  
(3,979)
58,885

  

Net (liabilities)/assets
  
(3,979)
58,885

Page 1

 
Pascal Capital LLP
Registered number:OC418008
    
Statement of Financial Position (continued)
As at 31 March 2023

2023
2023
2022
2022
Note
£
£
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
(3,979)
58,885

  
(3,979)
58,885

  

  
(3,979)
58,885


Total members' interests
  

Loans and other debts due to members
 7 
(3,979)
58,885

  
(3,979)
58,885


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: 




Pierre Suhrcke
Designated Member

Date: 26 December 2023

Pascal Capital 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

 
Pascal Capital LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

1.


General information

Pascal Capital LLP is a limited liability partnership domiciled in England and Wales registration number OC418008.  The registered office is Brook House - G4, 54a Cowley Mill Road, Uxbridge UB8 2QE and its principal place of business is 104 Pall Mall St James's London SW1Y 5EW.

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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 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.

Page 3

 
Pascal Capital LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.4

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:

Office equipment
-
over 3 years

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

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.

Page 4

 
Pascal Capital LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

3.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
4,138



At 31 March 2023

4,138



Depreciation


At 1 April 2022
2,929


Charge for the year on owned assets
891



At 31 March 2023

3,820



Net book value



At 31 March 2023
318



At 31 March 2022
1,210


4.


Debtors

2023
2022
£
£


Prepayments and accrued income
2,192
-



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,333
62,314


Page 5

 
Pascal Capital LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,782
2,599

Accruals and deferred income
2,040
2,040

8,822
4,639



7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(3,979)
58,885

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

2023
2022
£
£



Falling due within one year
(3,979)
58,885

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


8.


Controlling party

The LLP was controlled throughout the period by its designated members.

 
Page 6