Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01false1No description of principal activity1truetrue OC350357 2023-04-01 2024-03-31 OC350357 c:KeyManagementIndividualGroup1 2023-04-01 2024-03-31 OC350357 c:KeyManagementIndividualGroup2 2023-04-01 2024-03-31 OC350357 c:KeyManagementIndividualGroup3 2023-04-01 2024-03-31 OC350357 2022-04-01 2023-03-31 OC350357 2024-03-31 OC350357 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2024-03-31 OC350357 c:KeyManagementIndividualGroup2 c:OtherTransactionType2 2024-03-31 OC350357 c:KeyManagementIndividualGroup3 c:OtherTransactionType3 2024-03-31 OC350357 2023-03-31 OC350357 c:CurrentFinancialInstruments 2024-03-31 OC350357 c:CurrentFinancialInstruments 2023-03-31 OC350357 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC350357 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC350357 d:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 OC350357 d:FRS102 2023-04-01 2024-03-31 OC350357 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC350357 d:FullAccounts 2023-04-01 2024-03-31 OC350357 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC350357 d:PartnerLLP1 2023-04-01 2024-03-31 OC350357 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC350357






STREETWISE ENTERPRISES LLP


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
STREETWISE ENTERPRISES LLP
REGISTERED NUMBER:OC350357

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
113,943
113,943

Creditors: amounts falling due within one year
 5 
(6,344)
(6,344)

Net current assets
  
 
 
107,599
 
 
107,599

Total assets less current liabilities
  
107,599
107,599

  

Net assets
  
107,599
107,599


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
107,599
107,599

  

  
107,599
107,599


Total members' interests
  

Loans and other debts due to members
 6 
107,599
107,599

  
107,599
107,599


Page 1

 
STREETWISE ENTERPRISES LLP
REGISTERED NUMBER:OC350357
    
BALANCE SHEET (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 480 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: 




................................................
Mr A Scibelli
Designated member

Date: 13 August 2024

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

Page 2

 
STREETWISE ENTERPRISES LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Streetwise Enterprises LLP (“the LLP”) is a LLP incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the LLP information.
The functional and presentational currency of the LLP is pounds sterling (£) and rounded to the
nearest whole pound.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

 
2.2

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 that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the balance sheet date.
Page 3

 
STREETWISE ENTERPRISES LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.2
Financial instruments (continued)


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.

 
2.3

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.

 
2.4

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 .


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
113,943
113,943

113,943
113,943


Page 4

 
STREETWISE ENTERPRISES LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,644
1,644

Other creditors
4,700
4,700

6,344
6,344



6.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
107,599
107,599

107,599
107,599

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

2024
2023
£
£



Falling due within one year
107,599
107,599

107,599
107,599

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


7.


Related party transactions

Included within other debtors is a balance due from A & T Scibelli t/a Walton Retail Park, a partnership with partners in common, of £13,807 (2023: £13,807).
Also included within other debtors is a balance due from Kirkgate Retail Limited, a company with directors and shareholders in common, of £543 (2023: £543).
Also included within other debtors is a balance due from Papa Luigi (Franchise) 1990 Limited, a company with shareholders in common, of £99,593 (2023: £99,593).
These balances are all interest free, unsecured, and repayable on demand.

Page 5