Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false0No description of principal activity2022-06-010true OC374924 2022-06-01 2023-05-31 OC374924 2021-06-01 2022-05-31 OC374924 2023-05-31 OC374924 2022-05-31 OC374924 c:CurrentFinancialInstruments 2023-05-31 OC374924 c:CurrentFinancialInstruments 2022-05-31 OC374924 c:CurrentFinancialInstruments 2 2023-05-31 OC374924 c:CurrentFinancialInstruments 2 2022-05-31 OC374924 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 OC374924 c:CurrentFinancialInstruments c:WithinOneYear 2022-05-31 OC374924 e:FRS102 2022-06-01 2023-05-31 OC374924 e:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 OC374924 e:FullAccounts 2022-06-01 2023-05-31 OC374924 e:LimitedLiabilityPartnershipLLP 2022-06-01 2023-05-31 OC374924 e:PartnerLLP1 2022-06-01 2023-05-31 OC374924 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-05-31 OC374924 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-05-31 OC374924 c:FurtherSpecificReserve2ComponentTotalEquity 2023-05-31 OC374924 c:FurtherSpecificReserve2ComponentTotalEquity 2022-05-31 OC374924 c:FurtherSpecificReserve3ComponentTotalEquity 2023-05-31 OC374924 c:FurtherSpecificReserve3ComponentTotalEquity 2022-05-31 iso4217:GBP xbrli:pure

Registered number: OC374924










Pri Arc LLP








Unaudited

Financial statements

For the Year Ended 31 May 2023

 
Pri Arc LLP
Registered number: OC374924

Balance sheet
As at 31 May 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
165,933
166,061

Cash at bank and in hand
  
12
6,310

  
165,945
172,371

Creditors: Amounts Falling Due Within One Year
 5 
(8,842)
(8,782)

Net current assets
  
 
 
157,103
 
 
163,589

  

Net assets
  
157,103
163,589


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
598,527
598,527

  
598,527
598,527

Members' other interests
  

Members' capital classified as equity
  
1,900,200
1,900,200

Other reserves classified as equity
  
(2,341,624)
(2,335,138)

  
 
(441,424)
 
(434,938)

  
157,103
163,589


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(165,933)
(166,061)

Loans and other debts due to members
 6 
598,527
598,527

Members' other interests
  
(441,424)
(434,938)

  
(8,830)
(2,472)


Page 1

 
Pri Arc LLP
Registered number: OC374924

Balance sheet (continued)
As at 31 May 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: 




Steven Cracknell
Designated member
Date: 8 February 2024

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

Pri Arc 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

 
Pri Arc LLP
 

Reconciliation of members' interests
For the Year Ended 31 May 2023







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Loss for the year available for discretionary division among members
 
-
(3,765)
(3,765)
-
-
(3,765)

Members' interests after profit for the year
1,900,200
(2,335,138)
(434,938)
428,308
428,308
(6,630)

Amounts introduced by members
-
-
-
4,158
4,158
4,158

Amounts due to members
598,527
598,527

Amounts due from members
 



(166,061)
(166,061)


Balance at 31 May 2022
1,900,200
(2,335,138)
(434,938)
432,466
432,466
(2,472)

Loss for the year available for discretionary division among members
 
-
(6,486)
(6,486)
-
-
(6,486)

Members' interests after profit for the year
1,900,200
(2,341,624)
(441,424)
432,466
432,466
(8,958)

Amounts introduced by members
-
-
-
128
128
128

Amounts due to members
598,527
598,527

Amounts due from members
 



(165,933)
(165,933)


Balance at 31 May 2023 
1,900,200
(2,341,624)
(441,424)
432,594
432,594
(8,830)

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

 
Pri Arc LLP
 

 
Notes to the financial statements
For the Year Ended 31 May 2023

1.


General information

Pri Arc LLP ("the partnership") is a limited liability partnership and was incorporated in England with registration number OC374924. The address of the registered office is Flat A01 6 Wardrobe Place, London, EC4V 5AF.
The financial statements are presented in GBP rounded to the nearest whole pound.  

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

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.

 
2.3

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.

 
2.4

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.

 
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.

Page 4

 
Pri Arc LLP
 

 
Notes to the financial statements
For the Year Ended 31 May 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.

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.


3.


Employees

The entity has no employees.


4.


Debtors

2023
2022
£
£


Amounts due from members
165,933
166,061



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
6,322
6,322

Accruals and deferred income
2,520
2,460

8,842
8,782


Page 5

 
Pri Arc LLP
 

 
Notes to the financial statements
For the Year Ended 31 May 2023

6.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(598,527)
(598,527)



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


Page 6