Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC306483 2022-04-01 2023-03-31 OC306483 2021-04-01 2022-03-31 OC306483 2023-03-31 OC306483 2022-03-31 OC306483 c:FurnitureFittings 2022-04-01 2023-03-31 OC306483 c:FurnitureFittings 2023-03-31 OC306483 c:FurnitureFittings 2022-03-31 OC306483 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC306483 c:CurrentFinancialInstruments 2023-03-31 OC306483 c:CurrentFinancialInstruments 2022-03-31 OC306483 c:CurrentFinancialInstruments 2 2023-03-31 OC306483 c:CurrentFinancialInstruments 2 2022-03-31 OC306483 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC306483 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC306483 e:FRS102 2022-04-01 2023-03-31 OC306483 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC306483 e:FullAccounts 2022-04-01 2023-03-31 OC306483 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC306483 e:PartnerLLP1 2022-04-01 2023-03-31 OC306483 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC306483 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC306483









CLARAT PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CLARAT PARTNERS LLP
REGISTERED NUMBER: OC306483

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
725
967

Investments
 5 
71,687
71,687

  
72,412
72,654

Current assets
  

Debtors: amounts falling due within one year
 6 
77,150
190,493

Cash at bank and in hand
 7 
11,055
8,984

  
88,205
199,477

Creditors: Amounts Falling Due Within One Year
 8 
(27,390)
(28,178)

Net current assets
  
 
 
60,815
 
 
171,299

Total assets less current liabilities
  
133,227
243,953

  

Net assets
  
133,227
243,953


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
133,227
243,953

  
 
133,227
 
243,953

  
133,227
243,953


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(77,150)
(181,570)

Members' other interests
  
133,227
243,953

  
56,077
62,383


Page 1

 
CLARAT PARTNERS LLP
REGISTERED NUMBER: OC306483
    
STATEMENT OF FINANCIAL POSITION (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 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: 




B Clare
Designated member

Date: 6 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Clarat Partners 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

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

1.


General information

Clarat Partners LLP is a limited liability partnership incorporated in England & Wales (registered number: OC306483) . The registered office address of the LLP is 101 New Cavendish Street, 1st Floor South, London, England W1W 6XH. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

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

2.Accounting policies (continued)

 
2.6

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 .

 
2.7

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%
straight line

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
141,769



At 31 March 2023

141,769



Depreciation


At 1 April 2022
140,802


Charge for the year on owned assets
242



At 31 March 2023

141,044



Net book value



At 31 March 2023
725



At 31 March 2022
967


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
71,687




Page 5

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

6.


Debtors

2023
2022
£
£


Trade debtors
-
8,924

Amounts due from members
77,150
181,570

77,150
190,494



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,055
8,984

Less: bank overdrafts
-
(176)

11,055
8,808



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
176

Trade creditors
12,520
9,600

Other taxation and social security
6,654
10,186

Accruals and deferred income
8,216
8,216

27,390
28,178


 
Page 6