Caseware UK (AP4) 2022.0.179 2022.0.179 2022-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseprincipal activity was that of financial consultancy11truetrue OC303558 2022-01-01 2022-12-31 OC303558 2021-01-01 2021-12-31 OC303558 2022-12-31 OC303558 2021-12-31 OC303558 c:OfficeEquipment 2022-01-01 2022-12-31 OC303558 c:OtherPropertyPlantEquipment 2022-12-31 OC303558 c:OtherPropertyPlantEquipment 2021-12-31 OC303558 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC303558 c:CurrentFinancialInstruments 2022-12-31 OC303558 c:CurrentFinancialInstruments 2021-12-31 OC303558 c:CurrentFinancialInstruments 2 2022-12-31 OC303558 c:CurrentFinancialInstruments 2 2021-12-31 OC303558 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC303558 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 OC303558 e:FRS102 2022-01-01 2022-12-31 OC303558 e:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 OC303558 e:FullAccounts 2022-01-01 2022-12-31 OC303558 e:LimitedLiabilityPartnershipLLP 2022-01-01 2022-12-31 OC303558 6 2022-01-01 2022-12-31 OC303558 e:PartnerLLP1 2022-01-01 2022-12-31 OC303558 e:PartnerLLP2 2022-01-01 2022-12-31 OC303558 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC303558 c:FurtherSpecificReserve3ComponentTotalEquity 2021-12-31 iso4217:GBP xbrli:pure
Registered number: OC303558

















Catalyst Equity Partners LLP
Financial Statements
Information For Filing With The Registrar
For The Year Ended 31 December 2022

 
Catalyst Equity Partners LLP
 

Information



Designated Members
H Brockmueller
J E Cederberg

LLP registered number
OC303558

Registered office
15R Eaton Square
London
SW1W 9DD


 
Catalyst Equity Partners LLP
 

Contents



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
Catalyst Equity Partners LLP
Registered number:OC303558

Statement of Financial Position
As at 31 December 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 3 
737
1,475

Investments
 4 
22,500
22,500

  
23,237
23,975

Current assets
  

Debtors: amounts falling due within one year
 5 
12,420
82,394

Cash at bank and in hand
 6 
347
272

  
12,767
82,666

Creditors: Amounts Falling Due Within One Year
 7 
(6,278)
(6,112)

Net current assets
  
 
 
6,489
 
 
76,554

Total assets less current liabilities
  
29,726
100,529

  

Net assets
  
29,726
100,529

Page 1

 
Catalyst Equity Partners LLP
Registered number:OC303558
    
Statement of Financial Position (continued)
As at 31 December 2022

2022
2022
2021
2021
Note
£
£
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
29,726
100,529

  
29,726
100,529

  

  
29,726
100,529


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(4,123)
(3,962)

Loans and other debts due to members
 8 
29,726
100,529

  
25,603
96,567


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: 

H Brockmueller
Designated member

Date: 26 December 2023

The notes on pages 3 to 8 form part of these financial statements.

Catalyst Equity 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

 
Catalyst Equity Partners LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2022

1.


General information

Catalyst Equity Partners LLP is a limited liability partnership, domiciled in England and Wales, registration number OC303558.  The LLP's registered office and principal place of business is 15R Eaton Square London SW1W 9DD.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Catalyst Equity Partners LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2022

2.Accounting policies (continued)

 
2.3

Revenue recognition

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.

 
2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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.

 
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.

Page 4

 
Catalyst Equity Partners LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2022

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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.

The estimated useful lives range as follows:

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.

 
2.7

Valuation of investments

Investments in unlisted  shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 5

 
Catalyst Equity Partners LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2022

3.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2022
22,662



At 31 December 2022

22,662



Depreciation


At 1 January 2022
21,187


Charge for the year on owned assets
738



At 31 December 2022

21,925



Net book value



At 31 December 2022
737



At 31 December 2021
1,475


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2022
22,500



At 31 December 2022
22,500




Page 6

 
Catalyst Equity Partners LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2022

5.


Debtors

2022
2021
£
£


Other debtors
2,344
-

Prepayments and accrued income
5,953
78,432

Amounts due from members
4,123
3,962

12,420
82,394



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
347
272



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
2,731
1,817

Other taxation and social security
2,247
1,977

Accruals and deferred income
1,300
2,318

6,278
6,112


Page 7

 
Catalyst Equity Partners LLP
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2022

8.


Loans and other debts due to members


2022
2021
£
£



Other amounts due to members
29,726
100,529

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

2022
2021
£
£



Falling due within one year
29,726
100,529

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

 
Page 8