Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31622022-09-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC400943 2022-09-01 2023-08-31 OC400943 2021-09-01 2022-08-31 OC400943 2023-08-31 OC400943 2022-08-31 OC400943 c:OfficeEquipment 2022-09-01 2023-08-31 OC400943 c:OfficeEquipment 2023-08-31 OC400943 c:OfficeEquipment 2022-08-31 OC400943 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 OC400943 c:CurrentFinancialInstruments 2023-08-31 OC400943 c:CurrentFinancialInstruments 2022-08-31 OC400943 c:Non-currentFinancialInstruments 2023-08-31 OC400943 c:Non-currentFinancialInstruments 2022-08-31 OC400943 d:FRS102 2022-09-01 2023-08-31 OC400943 d:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 OC400943 d:FullAccounts 2022-09-01 2023-08-31 OC400943 d:LimitedLiabilityPartnershipLLP 2022-09-01 2023-08-31 OC400943 d:PartnerLLP1 2022-09-01 2023-08-31 OC400943 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: OC400943









13-17 RED LION SQUARE LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
13-17 RED LION SQUARE LLP
REGISTERED NUMBER: OC400943

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
1,026
2,262

  
1,026
2,262

Current assets
  

Stocks
  
16,386,492
16,359,265

Debtors: amounts falling due within one year
 5 
140,998
140,667

Cash at bank and in hand
 6 
69,759
188,141

  
16,597,249
16,688,073

Creditors: amounts falling due within one year
 7 
(1,461,462)
(539,190)

Net current assets
  
 
 
15,135,787
 
 
16,148,883

Total assets less current liabilities
  
15,136,813
16,151,145

  

Creditors: amounts falling due after more than one year
 8 
(14,130,335)
(14,636,545)

  

  

Net assets
  
1,006,478
1,514,600


Capital and reserves
  

Loans and other debts due to members within one year
  

Other amounts
 9 
(1,993,522)
(1,485,400)

  
(1,993,522)
(1,485,400)

Members' other interests
  

Members' capital classified as equity
  
3,000,000
3,000,000

  
 
3,000,000
 
3,000,000

  
1,006,478
1,514,600


Total members' interests
  

Loans and other debts due to members
 9 
(1,993,522)
(1,485,400)

Members' other interests
  
3,000,000
3,000,000

  
1,006,478
1,514,600


Page 1

 
13-17 RED LION SQUARE LLP
REGISTERED NUMBER: OC400943
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 28 August 2024.




Silversign Limited
Designated member

Page 2

 
13-17 RED LION SQUARE LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 2023







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Loss for the year available for discretionary division among members
 
-
(729,075)
(729,075)
-
-
(729,075)

Members' interests after profit for the year
9,024,999
(729,075)
8,295,924
(756,325)
(756,325)
7,539,599

Other division of losses
-
729,075
729,075
(729,075)
(729,075)
-

Amounts introduced by members
2,075,000
-
2,075,000
-
-
2,075,000

Repayment of capital
(8,099,999)
-
(8,099,999)
-
-
(8,099,999)

Amounts due to members
(1,485,400)
(1,485,400)

Balance at 31 August 2022
3,000,000
-
3,000,000
(1,485,400)
(1,485,400)
1,514,600

Loss for the year available for discretionary division among members
 
-
(508,122)
(508,122)
-
-
(508,122)

Members' interests after profit for the year
3,000,000
(508,122)
2,491,878
(1,485,400)
(1,485,400)
1,006,478

Other division of losses
-
508,122
508,122
(508,122)
(508,122)
-

Amounts due to members
(1,993,522)
(1,993,522)

Balance at 31 August 2023 
3,000,000
-
3,000,000
(1,993,522)
(1,993,522)
1,006,478

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

13-17 Red Lion Square LLP is a limited liability partnership registered in England and Wales. The address of its registered office is The Office Inglewood Mansions, 289 West End Lane, London, NW6 1RE.

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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%

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.

 
2.5

Stocks

Properties held in stock are valued at the lower of cost and net realisable value.

 
2.6

Debtors

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

Page 4

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

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.


3.


Employees

2023
2022
£
£

Wages and salaries
-
28,872

-
28,872


The average monthly number of employees, including directors, during the year was 2 (2022 - 6).

Page 5

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2022
3,707



At 31 August 2023

3,707



Depreciation


At 1 September 2022
1,445


Charge for the year on owned assets
1,236



At 31 August 2023

2,681



Net book value



At 31 August 2023
1,026



At 31 August 2022
2,262

Page 6

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Trade debtors
105,424
108,449

Other debtors
18,965
22,215

Prepayments and accrued income
16,609
10,003

140,998
140,667



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
69,759
188,141

69,759
188,141



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
506,210
6,210

Trade creditors
52,895
13,347

Other taxation and social security
59,058
27,589

Other creditors
341,211
235,143

Accruals and deferred income
502,088
256,901

1,461,462
539,190


Page 7

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
12,130,335
12,636,545

Other loans
2,000,000
2,000,000

14,130,335
14,636,545


Bank loans and other loans includes amounts from Investec Bank PLC and Krodom Investments Limited, which has been secured by way of a fixed and floating charge on the assets of the LLP.


9.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(1,993,522)
(1,485,400)

(1,993,522)
(1,485,400)

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

2023
2022
£
£



Falling due within one year
(1,993,522)
(1,485,400)

(1,993,522)
(1,485,400)

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

Page 8