Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-052023-04-05260152022-04-06falseThe principal object of the LLP is to provide corporate advisory services.99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC381158 2022-04-06 2023-04-05 OC381158 2021-04-06 2022-04-05 OC381158 2023-04-05 OC381158 2022-04-05 OC381158 c:Buildings c:LongLeaseholdAssets 2022-04-06 2023-04-05 OC381158 c:Buildings c:LongLeaseholdAssets 2023-04-05 OC381158 c:Buildings c:LongLeaseholdAssets 2022-04-05 OC381158 c:FurnitureFittings 2022-04-06 2023-04-05 OC381158 c:FurnitureFittings 2023-04-05 OC381158 c:FurnitureFittings 2022-04-05 OC381158 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 OC381158 c:FurnitureFittings c:LeasedAssetsHeldAsLessee 2022-04-06 2023-04-05 OC381158 c:ComputerEquipment 2022-04-06 2023-04-05 OC381158 c:ComputerEquipment 2023-04-05 OC381158 c:ComputerEquipment 2022-04-05 OC381158 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 OC381158 c:ComputerEquipment c:LeasedAssetsHeldAsLessee 2022-04-06 2023-04-05 OC381158 c:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 OC381158 c:LeasedAssetsHeldAsLessee 2022-04-06 2023-04-05 OC381158 c:CurrentFinancialInstruments 2023-04-05 OC381158 c:CurrentFinancialInstruments 2022-04-05 OC381158 c:Non-currentFinancialInstruments 2023-04-05 OC381158 c:Non-currentFinancialInstruments 2022-04-05 OC381158 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC381158 c:CurrentFinancialInstruments c:WithinOneYear 2022-04-05 OC381158 d:FRS102 2022-04-06 2023-04-05 OC381158 d:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 OC381158 d:FullAccounts 2022-04-06 2023-04-05 OC381158 d:LimitedLiabilityPartnershipLLP 2022-04-06 2023-04-05 OC381158 c:WithinOneYear 2023-04-05 OC381158 c:WithinOneYear 2022-04-05 OC381158 c:BetweenOneFiveYears 2023-04-05 OC381158 c:BetweenOneFiveYears 2022-04-05 OC381158 d:PartnerLLP1 2022-04-06 2023-04-05 OC381158 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-05 OC381158 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-04-05 OC381158 c:FurtherSpecificReserve2ComponentTotalEquity 2023-04-05 OC381158 c:FurtherSpecificReserve2ComponentTotalEquity 2022-04-05 OC381158 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-05 OC381158 c:FurtherSpecificReserve3ComponentTotalEquity 2022-04-05 OC381158 e:PoundSterling 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure

Registered number: OC381158









RONDIA LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2023

 
RONDIA LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 9


 
RONDIA LLP
REGISTERED NUMBER: OC381158

BALANCE SHEET
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
346,458
22,916

  
346,458
22,916

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
42,899

Debtors: amounts falling due within one year
 5 
374,598
119,891

Cash at bank and in hand
 6 
582,891
1,254,659

  
957,489
1,417,449

Creditors: amounts falling due within one year
 7 
(1,311,741)
(963,887)

Net current (liabilities)/assets
  
 
 
(354,252)
 
 
453,562

Total assets less current liabilities
  
(7,794)
476,478

  

Net (liabilities)/assets
  
(7,794)
476,478


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
1,179,316
1,663,588

  
1,179,316
1,663,588

Members' other interests
  

Members' capital classified as equity
  
100
100

Other reserves classified as equity
  
(1,187,210)
(1,187,210)

  
 
(1,187,110)
 
(1,187,110)

  
(7,794)
476,478


Total members' interests
  

Loans and other debts due to members
 8 
1,179,316
1,663,588

Members' other interests
  
(1,187,110)
(1,187,110)

  
(7,794)
476,478


Page 1

 
RONDIA LLP
REGISTERED NUMBER: OC381158
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 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: 




F C J M G De Mevius
Designated member

Date: 6 March 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
RONDIA LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 5 APRIL 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

£
£
£
£
£

Amounts due to members 
1,369,584


Balance at 1 April 2021 
2
(1,187,210)
(1,187,208)
1,369,584
182,376

Profit for the year available for discretionary division among members
 
-
517,946
517,946
-
517,946

Members' interests after profit for the year
2
(669,264)
(669,262)
1,369,584
700,322

Other division of profits
-
(517,946)
(517,946)
517,946
-

Amounts introduced by members
 
98
-
98
770,308
770,406

Drawings
-
-
-
(994,250)
(994,250)

Amounts due to members
1,663,588

Balance at 5 April 2022
100
(1,187,210)
(1,187,110)
1,663,588
476,478

Members' remuneration charged as an expense
-
-
-
817,415
817,415

Loss for the year available for discretionary division among members
 
-
(527,880)
(527,880)
-
(527,880)

Members' interests after profit for the year
100
(1,715,090)
(1,714,990)
2,481,003
766,013

Other division of losses
-
527,880
527,880
(527,880)
-

Amounts introduced by members
-
-
-
6,568
6,568

Drawings
-
-
-
(780,375)
(780,375)

Amounts due to members
1,179,316

Balance at 5 April 2023 
100
(1,187,210)
(1,187,110)
1,179,316
(7,794)

Capital can be withdrawn by the members of the LLP subject to restrictions in the LLP agreement.

Page 3

 
RONDIA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Rondia LLP is a Limited Liability Partnership, incorporated in England and Wales with an LLP registration number of OC381158. The registered office and trading address is 6th Floor 103 Mount Street, London, England, W1K 2TJ.

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 Financial Reporting Standard 102 Section 1A, 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".

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

  
2.3

Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
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.

Page 4

 
RONDIA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.6

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:

Leasehold improvements
-
10 years straight line
Fixtures and fittings
-
3 years straight line
Computer equipment
-
3 years 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.

Within Leasehold improvements, the company has only capitalised items in which are over the materiality level of £10,000.

 
2.7

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.

 
2.8

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.

Page 5

 
RONDIA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

  
2.11

Taxation

In accordance with Section 10 of the Limited Liability Partnership Act 2000, any trade, profession or business carried on by the LLP is treated as though that business were carried on in partnership by its members. Accordingly, any liability to taxation is that of the members themselves and not of the LLP. Thus there is no provision for taxation in these financial statements.


3.


Employees

The average monthly number of employees, excluding members, during the year was 9 (2022 - 9)


Page 6

 
RONDIA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 6 April 2022
-
12,050
22,776
34,826


Additions
300,486
45,087
35,467
381,040



At 5 April 2023

300,486
57,137
58,243
415,866



Depreciation


At 6 April 2022
-
429
11,481
11,910


Charge for the year on owned assets
-
17,026
14,457
31,483


Charge for the year on financed assets
26,015
-
-
26,015



At 5 April 2023

26,015
17,455
25,938
69,408



Net book value



At 5 April 2023
274,471
39,682
32,305
346,458



At 5 April 2022
-
11,621
11,295
22,916

Page 7

 
RONDIA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
-
42,899


2023
2022
£
£

Due within one year

Other debtors
160,075
85,797

Prepayments and accrued income
214,523
34,094

374,598
119,891



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
582,891
1,254,659



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
70,089
79,554

Other taxation and social security
77,196
35,364

Other creditors
721
2,369

Accruals and deferred income
1,163,735
846,600

1,311,741
963,887


Page 8

 
RONDIA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
1,179,316
1,663,588

1,179,316
1,663,588

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

2023
2022
£
£



Falling due within one year
1,179,316
1,663,588

1,179,316
1,663,588

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


9.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £71,766 (2022 - £50,769). Contributions totalling £nil (2022 - £nil) were payable to the fund at the balance sheet date.


10.


Commitments under operating leases

At 5 April 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
322,710
-

Later than 1 year and not later than 5 years
781,005
-

1,103,715
-

 
Page 9