Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsefalseThe principal object of the LLP is Event organising for conferences, meetings, and entertainment.22false OC402469 2022-01-01 2022-12-31 OC402469 2021-01-01 2021-12-31 OC402469 2022-12-31 OC402469 2021-12-31 OC402469 c:CurrentFinancialInstruments 2022-12-31 OC402469 c:CurrentFinancialInstruments 2021-12-31 OC402469 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC402469 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 OC402469 d:FRS102 2022-01-01 2022-12-31 OC402469 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 OC402469 d:FullAccounts 2022-01-01 2022-12-31 OC402469 d:LimitedLiabilityPartnershipLLP 2022-01-01 2022-12-31 OC402469 2 2022-01-01 2022-12-31 OC402469 6 2022-01-01 2022-12-31 OC402469 d:PartnerLLP5 2022-01-01 2022-12-31 OC402469 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-12-31 OC402469 c:OtherCapitalInstrumentsClassifiedAsEquity 2021-12-31 OC402469 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 OC402469 c:FurtherSpecificReserve2ComponentTotalEquity 2021-12-31 OC402469 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC402469 c:FurtherSpecificReserve3ComponentTotalEquity 2021-12-31 OC402469 e:Euro 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: OC402469










MO555 LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
MO555 LLP
REGISTERED NUMBER: OC402469

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note

Fixed assets
  

Investments
 4 
17,728
7,089

  
17,728
7,089

Current assets
  

Debtors: amounts falling due within one year
 5 
489
-

Cash at bank and in hand
 6 
578,202
398,710

  
578,691
398,710

Creditors: Amounts Falling Due Within One Year
 7 
(31,000)
(1,000)

Net current assets
  
 
 
547,691
 
 
397,710

Total assets less current liabilities
  
565,419
404,799

  

Net assets
  
565,419
404,799


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
267,288
244,778

  
267,288
244,778

Members' other interests
  

Members' capital classified as equity
  
136,511
136,511

Other reserves classified as equity
  
161,620
23,510

  
 
298,131
 
160,021

  
565,419
404,799


Total members' interests
  

Loans and other debts due to members
 8 
267,288
244,778

Members' other interests
  
298,131
160,021

  
565,419
404,799


Page 1

 
MO555 LLP
REGISTERED NUMBER: OC402469
    
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 on 12 March 2024.




................................................
M Zeberga
Designated member

MO555 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

 
MO555 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

MO555 LLP is a private limited liability partnership, and is incorporated in England and Wales. The address of its registered office is 5th Floor, 7/10 Chandos Street, London, W1G 9DQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 Euros.

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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MO555 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 .

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
MO555 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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.

 
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 has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 5

 
MO555 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Fixed asset investments





Listed investments




Cost or valuation


At 1 January 2022
7,089


Additions
10,639



At 31 December 2022
17,728




Page 6

 
MO555 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021


Prepayments and accrued income
489
-

489
-



6.


Cash and cash equivalents

2022
2021

Cash at bank and in hand
578,202
398,710

578,202
398,710



7.


Creditors: Amounts falling due within one year

2022
2021

Accruals and deferred income
31,000
1,000

31,000
1,000


Page 7

 
MO555 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
267,288
244,778

267,288
244,778

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

2022
2021



Falling due within one year
267,288
244,778

267,288
244,778

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

 
Page 8