Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC388196 2023-01-01 2023-12-31 OC388196 2022-01-01 2022-12-31 OC388196 2023-12-31 OC388196 2022-12-31 OC388196 2022-01-01 OC388196 c:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 OC388196 c:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 OC388196 c:CurrentFinancialInstruments 2023-12-31 OC388196 c:CurrentFinancialInstruments 2022-12-31 OC388196 c:CurrentFinancialInstruments 2 2023-12-31 OC388196 c:CurrentFinancialInstruments 2 2022-12-31 OC388196 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC388196 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC388196 c:OtherMiscellaneousReserve 2023-01-01 2023-12-31 OC388196 c:OtherMiscellaneousReserve 2023-12-31 OC388196 c:OtherMiscellaneousReserve 2022-12-31 OC388196 c:OtherMiscellaneousReserve 2022-01-01 OC388196 e:FRS102 2023-01-01 2023-12-31 OC388196 e:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC388196 e:FullAccounts 2023-01-01 2023-12-31 OC388196 e:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC388196 c:CopyrightsPatentsTrademarksServiceOperatingRights c:OwnedIntangibleAssets 2023-01-01 2023-12-31 OC388196 e:PartnerLLP1 2023-01-01 2023-12-31 OC388196 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-12-31 OC388196 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-12-31 OC388196 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-01-01 OC388196 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC388196 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 iso4217:GBP xbrli:pure

Registered number: OC388196









THE HAROLD BLUNDELL LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE HAROLD BLUNDELL LLP
REGISTERED NUMBER: OC388196

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
1,469

  
-
1,469

Current assets
  

Debtors
 6 
50,447
48,656

Cash at bank and in hand
 7 
9,508
28,656

  
59,955
77,312

Creditors: amounts falling due within one year
 8 
(2,498)
(6,442)

Net current assets
  
 
 
57,457
 
 
70,870

  

Net assets
  
57,457
72,339


Represented by:
  

Members' other interests
  

Members' capital classified as equity
  
19,608
19,608

Other reserves classified as equity
  
37,849
52,731

  
 
57,457
 
72,339

  
57,457
72,339


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(46,549)
(46,549)

Members' other interests
  
57,457
72,339

  
10,908
25,790


Page 1

 
THE HAROLD BLUNDELL LLP
REGISTERED NUMBER: OC388196
    
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 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 by: 

WorldWrites Holdings Limited
Designated member

Date: 31 July 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
THE HAROLD BLUNDELL LLP
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Members capital (classified as equity)
Other reserves
Total equity

£
£
£


At 1 January 2022
19,608
36,294
55,902



Profit for year for discretionary division among members
-
16,443
16,443

Repayment of members equity
-
(6)
(6)



At 1 January 2023
19,608
52,731
72,339


Comprehensive income for the year

Profit for year for discretionary division among members
-
10,124
10,124

Repayment of members equity
-
(25,006)
(25,006)


At 31 December 2023
19,608
37,849
57,457

Page 3

 
THE HAROLD BLUNDELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Harold Blundell LLP ('the LLP') is a limited liability partnership incorporated under the Limited Liability Partnerships Act 2000 and domiciled in England. The address of the LLP's registered office is 7 East Pallant, Chichester, West Sussex, PO19 1TR.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the LLP 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, the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the LLP's accounting policies.
Details of those estimates and/or judgments made in applying the LLP's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Functional and presentational currency

Items included in the financial statements of the LLP are measured using the currency of the primary economic environment in which the LLP operates (the "functional currency").
The functional currency of the LLP and the currency in which the financial statements are presented (the "presentational currency") is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

  
2.4

Foreign currency translation

Foreign currencies are translated into the functional (and presentational) currency using the exchange rates prevailing at the date of the respective transaction or valuation where items are re-measured.
Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial reporting period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 4

 
THE HAROLD BLUNDELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Going concern

In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the members have reviewed the LLP’s principal and emerging risks, access to funding and liquidity position and the LLP's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
Based on their assessment, the members are of the conclusion that the LLP will have, available at its disposal, adequate resources to continue in operational existence for the foreseeable future.
While there will always remain an inherent uncertainty, the members have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the LLP to continue as a going concern and therefore consider it both appropriate to continue to adopt the going concern basis in preparing the LLP's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

 
2.6

Revenue

Turnover comprises revenue receivable by the LLP in respect of royalties and advances receivable from the exploitation of intellectual property in connection with rights, titles and interest held by the LLP in literary estates, exclusive of Value Added Tax.
Revenue in respect of royalties and advances receivable is recognised as and when the LLP receives notification of amounts due, during the reporting period, with amounts accrued and/or deferred where applicable in accordance with the terms of the underlying contract.

  
2.7

Taxation

Taxation payable on profits of the LLP is the sole liability of the LLP's members. Consequently, neither income taxation nor related deferred taxation is accounted for in the financial statements of the LLP.

 
2.8

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 within other reserves as part of members' total interests. Members may draw a proportion of their profit shares during the period in which it is made available subject to the cash requirements of the business.

Page 5

 
THE HAROLD BLUNDELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets held by the LLP comprise of rights, titles and interest held in literary estates; purchased by the LLP. Said intangible assets are initially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment.

 
2.10

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the LLP’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities and equity held by the LLP is as outlined in notes 2.11 to 2.13 of the financial statements.

 
2.11

Debtors

Debtors are initially measured at transaction price (i.e fair value) and subsequently held at transaction price less provision for impairment.

 
2.12

Cash and cash equivalents

Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash balances are held at floating interest rates linked to UK bank rates.

 
2.13

Creditors

Creditors are initially measured, and subsequently held, at transaction price (i.e fair value).


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the LLP's accounting policies, the members are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Although the expected outcome of said estimates and assumptions will, by definition, seldom equal the related actual results; estimates and judgments made are continually re-evaluated and are based on historical experience as well as other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgments, estimates and assumptions that are considered to have a significant risk of causing a material adjustment to the carrying amounts of assets and/or liabilities within the next financial period are addressed below:

 
Page 6

 
THE HAROLD BLUNDELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.Judgments in applying accounting policies (continued)

Recoverable value of debtors
Debtors are reported at transaction price less provision for impairment.

When assessing the recoverable value of debtors, the members consider the following unobservable inputs, estimates and assumptions:

Externally available and internal sources of information such as historic and expected market activity, ageing profile, historical experience and, in the case of amounts owed by connected parties, the forecasted financial performance and expected cash flows of the connected party..


4.


Employees


The average monthly number of employees, including members, during the year was 0 (2022 - 0).


5.


Intangible assets




Rights, titles and interest held

£



Cost


At 1 January 2023
19,608



At 31 December 2023

19,608



Amortisation


At 1 January 2023
18,139


Charge for the year
1,469



At 31 December 2023

19,608



Net book value



At 31 December 2023
-



At 31 December 2022
1,469



Page 7

 
THE HAROLD BLUNDELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors


2023
2022
£
£


Falling due within one year

Trade debtors
3,480
-

Other debtors
418
-

Amounts due from members
46,549
48,656

50,447
48,656


At the balance sheet date, the provision for impairment against debtors falling due within one year was £nil (2022: £nil).


7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,508
28,656



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
188
2,690

Other taxation and social security
-
1,412

Accruals and deferred income
2,310
2,340

2,498
6,442



9.


Financial instruments

The LLP held no financial instruments that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 or paragraph 36 of Schedule 1 to the Companies Act 2006.


10.


Related party transactions

There were no related party transactions and/or period end balances to report in accordance with the Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.

Page 8

 
THE HAROLD BLUNDELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Controlling party

The LLP's immediate parent undertaking is WorldWrites Holdings Limited, a company incorporated under the UK Companies Act 2006 which holds a 51% interest in the total voting rights of the LLP.
The parent undertaking of the smallest group to consolidate these financial statements is International Literary Properties UK Limited and whose registered office is located at 7 East Pallant, Chichester, West Sussex, United Kingdom, PO19 1TR.

 
Page 9