Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312022-10-01falseNo description of principal activity1717truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC341917 2022-10-01 2024-03-31 OC341917 2021-10-01 2022-09-30 OC341917 2024-03-31 OC341917 2022-09-30 OC341917 c:PlantMachinery 2022-10-01 2024-03-31 OC341917 c:PlantMachinery 2024-03-31 OC341917 c:PlantMachinery 2022-09-30 OC341917 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 OC341917 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2022-10-01 2024-03-31 OC341917 c:MotorVehicles 2022-10-01 2024-03-31 OC341917 c:MotorVehicles 2024-03-31 OC341917 c:MotorVehicles 2022-09-30 OC341917 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 OC341917 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2022-10-01 2024-03-31 OC341917 c:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 OC341917 c:LeasedAssetsHeldAsLessee 2022-10-01 2024-03-31 OC341917 c:Goodwill 2024-03-31 OC341917 c:Goodwill 2022-09-30 OC341917 c:CurrentFinancialInstruments 2024-03-31 OC341917 c:CurrentFinancialInstruments 2022-09-30 OC341917 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC341917 c:CurrentFinancialInstruments c:WithinOneYear 2022-09-30 OC341917 d:FRS102 2022-10-01 2024-03-31 OC341917 d:AuditExempt-NoAccountantsReport 2022-10-01 2024-03-31 OC341917 d:FullAccounts 2022-10-01 2024-03-31 OC341917 d:LimitedLiabilityPartnershipLLP 2022-10-01 2024-03-31 OC341917 c:WithinOneYear 2024-03-31 OC341917 c:WithinOneYear 2022-09-30 OC341917 c:BetweenOneFiveYears 2024-03-31 OC341917 c:BetweenOneFiveYears 2022-09-30 OC341917 d:PartnerLLP1 2022-10-01 2024-03-31 OC341917 d:PartnerLLP2 2022-10-01 2024-03-31 OC341917 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC341917 c:FurtherSpecificReserve2ComponentTotalEquity 2022-09-30 OC341917 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC341917 c:FurtherSpecificReserve3ComponentTotalEquity 2022-09-30 OC341917 e:PoundSterling 2022-10-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC341917










PAUL ROBINSON PARTNERSHIP (UK) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
REGISTERED NUMBER: OC341917

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
47,776
12,120

  
47,776
12,120

Current assets
  

Debtors: amounts falling due within one year
 7 
271,801
216,540

Cash at bank and in hand
  
111,810
140,004

  
383,611
356,544

Creditors: Amounts Falling Due Within One Year
 8 
(156,076)
(135,331)

Net current assets
  
 
 
227,535
 
 
221,213

Total assets less current liabilities
  
275,311
233,333

  

Net assets
  
275,311
233,333


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
256,000
256,000

Other amounts
 9 
(89,077)
(112,603)

  
166,923
143,397

Members' other interests
  

Other reserves classified as equity
  
108,388
89,936

  
 
108,388
 
89,936

  
275,311
233,333


Total members' interests
  

Loans and other debts due to members
 9 
166,923
143,397

Members' other interests
  
108,388
89,936

  
275,311
233,333


The financial statements have been prepared in accordance with the provisions applicable to entities subject to
Page 1

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
REGISTERED NUMBER: OC341917
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 income statement 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 24 June 2024.




................................................
Bruce Hart
................................................
Simon Nicholas
Designated member
Designated member

The notes on pages 3 to 10 form part of these financial statements.

Paul Robinson Partnership (UK) 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

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Paul Robinson Partnership (UK) LLP is an limited liability partnership incorporated in England and Wales, registration number OC341917. The registered office 6 Octagon Business Park, Hospital Road, Little Plumstead, Norwich, Norfolk, NR13 5FH. 

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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.6

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 .

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
15% and 30% reducing balance
Motor vehicles
-
25% reducing balance

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the LLP's Statement of financial position 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.

Page 5

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 17 (2022 - 17).


4.


Information in relation to members

31 March
30 September
2024
2022
£
£




Paid under the terms of the LLP agreement
324,846
238,247

324,846
238,247




Page 6

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Intangible assets






Goodwill

£



Cost


At 1 October 2022
38,000



At 31 March 2024

38,000



Amortisation


At 1 October 2022
38,000



At 31 March 2024

38,000



Net book value



At 31 March 2024
-



At 30 September 2022
-



Page 7

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 October 2022
90,444
-
90,444


Additions
2,267
50,120
52,387



At 31 March 2024

92,711
50,120
142,831



Depreciation


At 1 October 2022
78,324
-
78,324


Charge for the period on owned assets
4,201
-
4,201


Charge for the period on financed assets
-
12,530
12,530



At 31 March 2024

82,525
12,530
95,055



Net book value



At 31 March 2024
10,186
37,590
47,776



At 30 September 2022
12,120
-
12,120


7.


Debtors

31 March
30 September
2024
2022
£
£


Trade debtors
254,328
200,495

Prepayments and accrued income
17,473
16,045

271,801
216,540


Page 8

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2022
£
£

Trade creditors
10,189
8,891

Other taxation and social security
97,770
107,656

Obligations under finance lease and hire purchase contracts
30,420
-

Other creditors
903
2,002

Accruals and deferred income
16,794
16,782

156,076
135,331



9.


Loans and other debts due to members


31 March
30 September
2024
2022
£
£



Members' capital treated as debt
256,000
256,000

Other amounts due to members
(89,077)
(112,603)

166,923
143,397

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

31 March
30 September
2024
2022
£
£



Falling due within one year
(89,077)
(112,603)

Falling due after more than one year
256,000
256,000

166,923
143,397

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

Page 9

 
PAUL ROBINSON PARTNERSHIP (UK) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

10.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £22,122 (2022:£14,641) . No contributions were payable to the fund at the reporting date.


11.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
30 September
2024
2022
£
£


Not later than 1 year
42,936
45,843

Later than 1 year and not later than 5 years
198,744
241,680

241,680
287,523

 
Page 10