Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01falsefalse00truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC367486 2023-03-31 OC367486 2023-04-01 2024-03-31 OC367486 2022-09-01 2023-08-31 OC367486 2024-03-31 OC367486 2023-08-31 OC367486 c:CurrentFinancialInstruments 2024-03-31 OC367486 c:CurrentFinancialInstruments 2023-08-31 OC367486 c:CurrentFinancialInstruments 2 2024-03-31 OC367486 c:CurrentFinancialInstruments 2 2023-08-31 OC367486 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC367486 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC367486 e:FRS102 2023-04-01 2024-03-31 OC367486 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC367486 e:FullAccounts 2023-04-01 2024-03-31 OC367486 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC367486 e:PartnerLLP1 2023-04-01 2024-03-31 OC367486 e:PartnerLLP2 2023-04-01 2024-03-31 OC367486 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC367486 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC367486 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC367486







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


CONTENT ASSOCIATES LLP






































img6146.png                        

 


CONTENT ASSOCIATES LLP
 



INFORMATION




Designated Members

M Bradford
H Williams

LLP registered number

OC367486

Registered office

71 Queen Victoria Street
London
England
EC4V 4BE

Accountants

Menzies LLP
Chartered Accountants
Magna House
18-32 London Road
Staines-Upon-Thames
TW18 4BP


 


CONTENT ASSOCIATES LLP
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


CONTENT ASSOCIATES LLP
REGISTERED NUMBER:OC367486



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March 2024
31 August 2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
43,731
34,470

Cash at bank and in hand
  
29,470
11,543

  
73,201
46,013

Creditors: Amounts Falling Due Within One Year
 5 
(18,617)
(10,529)

Net current assets
  
 
 
54,584
 
 
35,484

Total assets less current liabilities
  
54,584
35,484

  

Net assets attributable to members
  
54,584
35,484


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
700
700

Other amounts
  
53,884
34,784

  
54,584
35,484

  

  
54,584
35,484


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(12,531)
(34,470)

Loans and other debts due to members
  
54,584
35,484

  
42,053
1,014


Page 1

 


CONTENT ASSOCIATES LLP
REGISTERED NUMBER:OC367486


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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: 




M Bradford
Designated member
Date: 1 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


CONTENT ASSOCIATES LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Content Associates LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The financial statements relate to a 7 month period from September 2023 to March 2024 and as such are not comparable to the prior year. The change of year-end is so that the LLP's financial year runs in line with the tax year.

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 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.

 
2.3

Revenue

Revenue is generated from the provision of specialist content consultancy. 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. 

 
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 .

Page 3

 


CONTENT ASSOCIATES LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

  
2.6

Member's participation rights

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  'The Financial  Reporting  Standard applicable in  the UK and  the Republic of  Ireland', and  the requirements of the Statement of  Recommended  Practice 'Accounting  by  Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as
equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an
unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as
an expense. They are therefore shown as a residual amount available for discretionary division among
members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans
and other debts due to members' and are charged to the Profit and Loss Account within 'Members'
remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Member's other interests'.


3.


Employees

The entity has no employees.

Page 4

 


CONTENT ASSOCIATES LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Debtors

31 March 2024
31 August 2023
£
£


Trade debtors
31,200
-

Amounts due from members
12,531
34,470

43,731
34,470



5.


Creditors: Amounts falling due within one year

31 March 2024
31 August 2023
£
£

Trade creditors
433
-

Other taxation and social security
15,514
7,989

Accruals and deferred income
2,670
2,540

18,617
10,529



6.


Loans and other debts due to members

31 March 2024
31 August 2023
£
£


Members' capital treated as debt
700
700

Other amounts due to members
53,884
34,784

54,584
35,484


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

 
Page 5