Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01trueNo description of principal activityfalse2false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC386534 2022-08-01 2023-07-31 OC386534 2021-08-01 2022-07-31 OC386534 2023-07-31 OC386534 2022-07-31 OC386534 c:CurrentFinancialInstruments 2023-07-31 OC386534 c:CurrentFinancialInstruments 2022-07-31 OC386534 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 OC386534 c:CurrentFinancialInstruments c:WithinOneYear 2022-07-31 OC386534 d:FRS102 2022-08-01 2023-07-31 OC386534 d:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 OC386534 d:FullAccounts 2022-08-01 2023-07-31 OC386534 d:LimitedLiabilityPartnershipLLP 2022-08-01 2023-07-31 OC386534 2 2022-08-01 2023-07-31 OC386534 6 2022-08-01 2023-07-31 OC386534 d:PartnerLLP1 2022-08-01 2023-07-31 OC386534 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-07-31 OC386534 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-07-31 OC386534 c:FurtherSpecificReserve3ComponentTotalEquity 2023-07-31 OC386534 c:FurtherSpecificReserve3ComponentTotalEquity 2022-07-31 iso4217:GBP xbrli:pure

Registered number: OC386534









BALLANCE INVESTMENTS DPM LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
BALLANCE INVESTMENTS DPM LLP
REGISTERED NUMBER: OC386534

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
300,000
17,859,345

  
300,000
17,859,345

Current assets
  

Debtors: amounts falling due within one year
 5 
918,200
1,918,200

Cash at bank and in hand
 6 
15,670
21,550

  
933,870
1,939,750

Creditors: Amounts Falling Due Within One Year
 7 
(17,109)
(8,100)

Net current assets
  
 
 
916,761
 
 
1,931,650

Total assets less current liabilities
  
1,216,761
19,790,995

  

Net assets
  
1,216,761
19,790,995


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
 8 
1,216,461
19,790,695

  
1,216,461
19,790,695

Members' other interests
  

Members' capital classified as equity
  
300
300

  
 
300
 
300

  
1,216,761
19,790,995


Total members' interests
  

Loans and other debts due to members
 8 
1,216,461
19,790,695

Members' other interests
  
300
300

  
1,216,761
19,790,995


Page 1

 
BALLANCE INVESTMENTS DPM LLP
REGISTERED NUMBER: OC386534
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 on 5 February 2024.




D McPherson
Designated member

The notes on pages 4 to 8 form part of these financial statements.

Ballance Investments DPM 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

 
BALLANCE INVESTMENTS DPM LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JULY 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 amounts
Total

£
£
£

Amounts due to members
19,790,695

Balance at 31 July 2022
300
19,790,695
19,790,995

Members' interests after profit for the year
300
19,790,695
19,790,995

Other division of losses
-
(117,882)
(117,882)

Drawings on account and distribution of profit
-
(18,456,352)
(18,456,352)

Amounts due to members
1,216,461

Balance at 31 July 2023 
300
1,216,461
1,216,761

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Ballance Investments DPM LLP is a limited liability partnership, number OC386534. The registered office is Regina House, 124 Finchley Road, London, United Kingdom, NW3 5JS.

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

Interest income

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

 
2.3

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.

 
2.4

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 Statement of Comprehensive Income 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

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 5

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 August 2022
14,625,335
3,234,010
17,859,345


Additions
-
1,427,208
1,427,208


Disposals
(14,325,335)
(4,649,254)
(18,974,589)


Revaluations
-
(11,964)
(11,964)



At 31 July 2023
300,000
-
300,000





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
918,200
1,918,200

918,200
1,918,200



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,670
21,550

15,670
21,550



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
660
-

Accruals and deferred income
16,449
8,100

17,109
8,100


Page 7

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
1,216,461
19,790,695

1,216,461
19,790,695

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

2023
2022
£
£



Falling due within one year
1,216,461
19,790,695

1,216,461
19,790,695

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

 
Page 8