Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-04-0111Solicitors6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC385429 2022-04-01 2023-03-31 OC385429 2023-03-31 OC385429 2022-03-31 OC385429 2022-04-01 2023-03-31 OC385429 2021-04-01 2022-03-31 OC385429 2023-03-31 OC385429 2022-03-31 OC385429 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC385429 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC385429 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC385429 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 OC385429 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC385429 d:FullAccounts 2022-04-01 2023-03-31 OC385429 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC385429 d:PartnerLLP1 2022-04-01 2023-03-31 OC385429 d:Micro-entities 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC385429









Waterstone Chambers LLP







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
Waterstone Chambers LLP
Registered number: OC385429

Statement of financial position
As at 31 March 2023

2023
2022
Note
£
£

  

Fixed assets
  
10,949
13,686

  
10,949
13,686

Current assets
  
17,439
26,220

Creditors: amounts falling due within one year
  
(64,581)
(60,868)

Net current liabilities
  
 
 
(47,142)
 
 
(34,648)

Total assets less current liabilities
  
(36,193)
(20,962)

Creditors: amounts falling due after more than one year
  
(23,496)
(36,382)

  
(59,689)
(57,344)

Net liabilities attributable to members
  
(59,689)
(57,344)


Total members' interests
  
 
(59,689)
 
(57,344)


Page 1

 
Waterstone Chambers LLP
Registered number: OC385429
    
Statement of financial position (continued)
As at 31 March 2023

Notes


General information

Waterstone Chambers LLP is a Limited Liability Partnership, registered in England and Wales. The LLP's registration number is OC385429 and has its registered office address at 171 Cannon Street Road, London, E1 2LX.


Average number of employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 6).

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro 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 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 on 23 February 2024.



Shah Muhammad Jahir Ali
Designated member

The notes on page 3 form part of these financial statements.

Waterstone Chambers 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.

 
1.1

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 .

Page 2

 
Waterstone Chambers LLP
Registered number: OC385429

2.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
14,000
14,000

Other amounts due to members
(73,689)
(71,344)

(59,689)
(57,344)

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

2023
2022
£
£



Falling due within one year
(59,689)
(57,344)

(59,689)
(57,344)

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

 
Page 3