Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30true2022-10-01falseholding and managing investment.11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC426825 2022-10-01 2023-09-30 OC426825 2021-10-01 2022-09-30 OC426825 2023-09-30 OC426825 2022-09-30 OC426825 c:PlantMachinery 2022-10-01 2023-09-30 OC426825 c:PlantMachinery 2023-09-30 OC426825 c:PlantMachinery 2022-09-30 OC426825 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 OC426825 c:Goodwill 2023-09-30 OC426825 c:Goodwill 2022-09-30 OC426825 c:FreeholdInvestmentProperty 2022-10-01 2023-09-30 OC426825 c:FreeholdInvestmentProperty 2023-09-30 OC426825 c:FreeholdInvestmentProperty 2022-09-30 OC426825 c:CurrentFinancialInstruments 2023-09-30 OC426825 c:CurrentFinancialInstruments 2022-09-30 OC426825 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 OC426825 c:CurrentFinancialInstruments c:WithinOneYear 2022-09-30 OC426825 d:FRS102 2022-10-01 2023-09-30 OC426825 d:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 OC426825 d:FullAccounts 2022-10-01 2023-09-30 OC426825 d:LimitedLiabilityPartnershipLLP 2022-10-01 2023-09-30 OC426825 6 2022-10-01 2023-09-30 OC426825 d:PartnerLLP1 2022-10-01 2023-09-30 OC426825 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-09-30 OC426825 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-09-30 OC426825 c:FurtherSpecificReserve2ComponentTotalEquity 2023-09-30 OC426825 c:FurtherSpecificReserve2ComponentTotalEquity 2022-09-30 iso4217:GBP xbrli:pure
Registered number: OC426825














S C BRADFORD LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
S C BRADFORD LLP
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
S C BRADFORD LLP
REGISTERED NUMBER:OC426825

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
66,120
-

Investments
 6 
181,402
181,402

Investment property
 7 
2,625,537
2,307,047

  
2,873,059
2,488,449

Current assets
  

Debtors: amounts falling due within one year
 8 
2,443,993
1,980,472

Cash at bank and in hand
  
11,511
3,480

  
2,455,504
1,983,952

Current liabilities
  

Creditors: amounts falling due within one year
 9 
(103,000)
(17,953)

Net current assets
  
 
 
2,352,504
 
 
1,965,999

  

Net assets
  
5,225,563
4,454,448


Represented by:
  

Members' other interests
  

Members' capital classified as equity
  
4,564,539
3,951,773

Other reserves classified as equity
  
661,024
502,675

  
5,225,563
4,454,448


Total members' interests
  

Members' other interests
  
5,225,563
4,454,448

Page 1

 
S C BRADFORD LLP
REGISTERED NUMBER:OC426825
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 14 August 2024.




J M Gain
On behalf of designated member
Stellar Founder Partner Limited

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

SC Bradford LLP is a private limited liability partnership incorporated in England and Wales, with its registered office address at C/O Stellar Asset Management Limited, 20 Chapel Street, Liverpool, L3 9AG.
The principal activity of the LLP continued to be that of holding and managing investments.
The functional and presentational currency of the LLP is £ Sterling.

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

Exemption from preparing consolidated financial statements

The LLP qualifies as small as set out in section 383 of the Companies Act 2006 and the LLP and Group are considered eligible for the exemption from preparing consolidated accounts.

 
2.3

Turnover

Turnover 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 for services is recognised in the period in which the services are provided.

 
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

Intangible assets

Other 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

Page 3

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

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 to and from related parties and investments in ordinary shares.

Page 4

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

The LLP had no employees during the current and preceding period.



4.


Intangible assets




Other intangible assets

£



Cost


At 1 October 2022
11



At 30 September 2023

11



Amortisation


At 1 October 2022
11



At 30 September 2023

11



Net book value



At 30 September 2023
-



At 30 September 2022
-



Page 5

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 October 2022
60,989


Additions
69,600



At 30 September 2023

130,589



Depreciation


At 1 October 2022
60,989


Charge for the year on owned assets
3,480



At 30 September 2023

64,469



Net book value



At 30 September 2023
66,120



At 30 September 2022
-


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2022
181,402



At 30 September 2023
181,402




Page 6

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
2,307,047


Additions at cost
318,490



At 30 September 2023
2,625,537

The 2023 valuations were made by the members, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,173,470
1,854,980


8.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,383,445
1,956,972

Other debtors
60,548
23,500

2,443,993
1,980,472



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,500
16,453

Other creditors
100,000
-

Accruals and deferred income
1,500
1,500

103,000
17,953


Page 7

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.


Related party transactions

The LLP has taken advantage of the exemption under FRS102 33. 1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

 
Page 8