Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Provision of fund management servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-27false2truetruefalse OC445574 2023-01-26 OC445574 2023-01-27 2023-12-31 OC445574 2022-01-27 2023-01-26 OC445574 2023-12-31 OC445574 c:OfficeEquipment 2023-01-27 2023-12-31 OC445574 c:OfficeEquipment 2023-12-31 OC445574 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-27 2023-12-31 OC445574 c:CurrentFinancialInstruments 2023-12-31 OC445574 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC445574 d:FRS102 2023-01-27 2023-12-31 OC445574 d:AuditExempt-NoAccountantsReport 2023-01-27 2023-12-31 OC445574 d:FullAccounts 2023-01-27 2023-12-31 OC445574 d:LimitedLiabilityPartnershipLLP 2023-01-27 2023-12-31 OC445574 d:PartnerLLP1 2023-01-27 2023-12-31 OC445574 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-12-31 OC445574 e:PoundSterling 2023-01-27 2023-12-31 iso4217:GBP xbrli:pure
Registered number: OC445574









GTIA LLP

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD 27 JANUARY TO 31 DECEMBER 2023

 
GTIA LLP
REGISTERED NUMBER: OC445574

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
846

Current assets
  

Debtors: amounts falling due within one year
 5 
7,272

Cash at bank and in hand
  
240,756

  
248,028

Creditors: Amounts Falling Due Within One Year
 6 
(21,082)

Net current assets
  
 
 
226,946

Total assets less current liabilities
  
227,792

  

Net assets
  
227,792


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
227,692

  

Members' capital classified as equity
  
100

  
227,792


Total members' interests
  

Loans and other debts due to members
  
227,692

Members' other interests
  
100

  
227,792


Page 1

 
GTIA LLP
REGISTERED NUMBER: OC445574

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 




C Garih
Designated member

Date: 27 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GTIA LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 JANUARY TO ENDED 31 DECEMBER 2023

1.


General information

The company is a limited liability partnership incorporated in England & Wales. The registered number is OC445574 and the registered office is 24 Old Bond Street, London, W1S 4AP. The company was incorporated on 27 January 2023.

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.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
GTIA LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 JANUARY TO ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

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:

Office equipment
-
33%
straight-line

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.

Page 4

 
GTIA LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 JANUARY TO ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102.

Financial instruments are recognised in the LLP's Balance Sheet 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.

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 members, during the period 27 January to 31 December 2023 was 2.

Page 5

 
GTIA LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 JANUARY TO ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost


Additions
870



At 31 December 2023

870



Depreciation


Charge for the period 27 January 2023 to 31 December 2023 on owned assets
24



At 31 December 2023

24



Net book value



At 31 December 2023
846


5.


Debtors

2023
£


Other debtors
7,176

Prepayments and accrued income
96

7,272



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
11,414

Accruals and deferred income
9,668

21,082



Page 6