Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01true6falseHolding company6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC387887 2023-01-01 2023-12-31 OC387887 2022-01-01 2022-12-31 OC387887 2023-12-31 OC387887 2022-12-31 OC387887 c:CurrentFinancialInstruments 2023-12-31 OC387887 c:CurrentFinancialInstruments 2022-12-31 OC387887 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC387887 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC387887 d:FRS102 2023-01-01 2023-12-31 OC387887 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC387887 d:FullAccounts 2023-01-01 2023-12-31 OC387887 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC387887 6 2023-01-01 2023-12-31 OC387887 d:PartnerLLP1 2023-01-01 2023-12-31 OC387887 d:PartnerLLP2 2023-01-01 2023-12-31 OC387887 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC387887










CPP AGENCY LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CPP AGENCY LLP
REGISTERED NUMBER: OC387887

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
95
95

Current assets
  

Cash at bank and in hand
  
1,805
9,357

  
1,805
9,357

Creditors: Amounts Falling Due Within One Year
 5 
(1,900)
(9,452)

Net current liabilities
  
 
 
(95)
 
 
(95)

  

Net assets
  
-
-


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
-
-



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 30 April 2024.




R N Haworth
T H C Vernon
Designated member
Designated member

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CPP AGENCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CPP Agency LLP is a private limited liability partnership incorporated in England and Wales. Its registered office is 5th Floor, 11 Leopold Street, Sheffield, South Yorkshire, S1 2GY and its registered number is OC387887. The trade and certain assets/liabilities of the Company were transferred to Commerical Property Partners Ltd on 1 April 2020. The principal activity of the Company throughout the year was that of a Holding company.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
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.

Page 2

 
CPP AGENCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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 the Statement of Comprehensive Income.

  
2.5

Members' participating interests

During the year £0 was transferred from members' capital interests to debts due to members.

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 3

 
CPP AGENCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
95



At 31 December 2023
95





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,806
9,358

Other creditors
94
94

1,900
9,452


 
Page 4