Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-31trueThe principal activity of the limited liability partnership is that of consultancy.false2022-03-2120trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC441576 2022-03-20 OC441576 2022-03-21 2022-12-31 OC441576 2021-03-21 2022-03-20 OC441576 2022-12-31 OC441576 c:Buildings c:LongLeaseholdAssets 2022-03-21 2022-12-31 OC441576 c:Buildings c:LongLeaseholdAssets 2022-12-31 OC441576 c:CurrentFinancialInstruments 2022-12-31 OC441576 c:Non-currentFinancialInstruments 2022-12-31 OC441576 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC441576 d:FRS102 2022-03-21 2022-12-31 OC441576 d:AuditExempt-NoAccountantsReport 2022-03-21 2022-12-31 OC441576 d:FullAccounts 2022-03-21 2022-12-31 OC441576 d:LimitedLiabilityPartnershipLLP 2022-03-21 2022-12-31 OC441576 d:PartnerLLP1 2022-03-21 2022-12-31 OC441576 d:PartnerLLP2 2022-03-21 2022-12-31 OC441576 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-12-31 OC441576 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC441576 e:PoundSterling 2022-03-21 2022-12-31 iso4217:GBP xbrli:pure


Registered number: OC441576












STACIAPRINCE.COM LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

 

STACIAPRINCE.COM LLP

CONTENTS



Page
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 7

 

STACIAPRINCE.COM LLP

INFORMATION




Designated Members
M L Prince (appointed 21 March 2022)
S J Prince (appointed 21 March 2022)


LLP registered number
OC441576

Registered office
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Accountants
Blick Rothenberg Limited
Chartered Accountants
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Page 1


 
REGISTERED NUMBER:OC441576
STACIAPRINCE.COM LLP

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
220,700

Current assets
  

Debtors: amounts falling due after more than one year
 5 
5,200

Cash at bank and in hand
  
8,096

  
13,296

Creditors: amounts falling due within one year
 6 
(11,907)

Net current assets
  
 
 
1,389

  

Net assets
  
222,089


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
2,089

  
2,089

Members' other interests
  

Members' capital classified as equity
  
220,000

  
222,089


Total members' interests
  

Loans and other debts due to members
 7 
2,089

Members' other interests
  
220,000

Total equity
  
222,089

Page 2


 
REGISTERED NUMBER:OC441576
STACIAPRINCE.COM LLP
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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: 




S J Prince
Designated member

Date: 2 February 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 

STACIAPRINCE.COM LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Staciaprince.com LLP is a Limited Liability Partnership (LLP), incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
These financial statements have been prepared for a long period from 21 March 2022 (incorporation) to 31 December 2022.
The financial statements are presented in Sterling (£), which is the functional currency of the LLP.
Monetary amounts in these financial statements are rounded to the nearest £.

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

After making enquiries, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 

 
2.3

Revenue

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.

Page 4

 

STACIAPRINCE.COM LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

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 .

 
2.5

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.


2.6

Financial instruments

The LLP has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. 
 
The LLP’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 5

 

STACIAPRINCE.COM LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


 (continued)



 (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the LLP would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

  
2.7

Taxation

Tax to be paid on the profits arising in the LLP is a personal tax liability of the members of the LLP and therefore is not included as a tax charge or provision within these financial statements.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 6

 

STACIAPRINCE.COM LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Investment property





Long-term leasehold investment property

£



Valuation


Additions
220,700



At 31 December 2022
220,700




The 2022 valuations were made by the members, on an open market value for existing use basis.


5.


Debtors


Due after more than one year

Other debtors
5,200



6.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
540

Other taxation and social security
2,834

Accruals and deferred income
8,533

11,907



7.


Loans and other debts due to members


2022
£



Other amounts due to members
2,089

2,089





 
Page 7