Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC399678 2022-09-01 2023-08-31 OC399678 2021-09-01 2022-08-31 OC399678 2023-08-31 OC399678 2022-08-31 OC399678 c:Buildings 2023-08-31 OC399678 c:Buildings 2022-08-31 OC399678 c:CurrentFinancialInstruments 2023-08-31 OC399678 c:CurrentFinancialInstruments 2022-08-31 OC399678 c:Non-currentFinancialInstruments 2023-08-31 OC399678 c:Non-currentFinancialInstruments 2022-08-31 OC399678 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC399678 c:CurrentFinancialInstruments c:WithinOneYear 2022-08-31 OC399678 c:Non-currentFinancialInstruments c:AfterOneYear 2023-08-31 OC399678 c:Non-currentFinancialInstruments c:AfterOneYear 2022-08-31 OC399678 d:FRS102 2022-09-01 2023-08-31 OC399678 d:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 OC399678 d:FullAccounts 2022-09-01 2023-08-31 OC399678 d:LimitedLiabilityPartnershipLLP 2022-09-01 2023-08-31 OC399678 d:PartnerLLP4 2022-09-01 2023-08-31 OC399678 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-08-31 OC399678 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-08-31 OC399678 c:FurtherSpecificReserve2ComponentTotalEquity 2023-08-31 OC399678 c:FurtherSpecificReserve2ComponentTotalEquity 2022-08-31 OC399678 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC399678 c:FurtherSpecificReserve3ComponentTotalEquity 2022-08-31 OC399678 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: OC399678









40-42 ABBEY ROAD LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
40-42 ABBEY ROAD LLP
REGISTERED NUMBER: OC399678

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,000
20,000

  
20,000
20,000

Current assets
  

Stocks
  
6,317,574
6,311,630

Debtors: amounts falling due within one year
 5 
31,636
30,003

Cash at bank and in hand
 6 
60,170
31,224

  
6,409,380
6,372,857

Creditors: Amounts Falling Due Within One Year
 7 
(1,296,474)
(1,099,662)

Net current assets
  
 
 
5,112,906
 
 
5,273,195

Total assets less current liabilities
  
5,132,906
5,293,195

Creditors: amounts falling due after more than one year
 8 
(4,233,673)
(4,238,970)

  
899,233
1,054,225

  

Net assets
  
899,233
1,054,225


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
(154,992)
(20,959)

  
(154,992)
(20,959)

Members' other interests
  

Members' capital classified as equity
  
1,075,184
1,075,184

Other reserves classified as equity
  
(20,959)
-

  
 
1,054,225
 
1,075,184

  
899,233
1,054,225


Total members' interests
  

Loans and other debts due to members
 9 
(154,992)
(20,959)

Members' other interests
  
1,054,225
1,075,184

  
899,233
1,054,225

Page 1

 
40-42 ABBEY ROAD LLP
REGISTERED NUMBER: OC399678
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023


Page 2

 
40-42 ABBEY ROAD LLP
REGISTERED NUMBER: OC399678
    
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.




Church Lane Kingsbury Limited
Designated member

Page 3

 
40-42 ABBEY ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

40-42 Abbey Road LLP is a limited liability partnership registered in England & 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

Revenue

Turnover from the rendering of services represents gross rent receivable. Turnover is recognised over the period of rental.

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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 .

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.7

Debtors

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

Page 4

 
40-42 ABBEY ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.8

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. 

 
2.9

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 September 2022
20,000



At 31 August 2023

20,000






Net book value



At 31 August 2023
20,000



At 31 August 2022
20,000

Page 5

 
40-42 ABBEY ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
11,644

Other debtors
7,655
3,050

Prepayments and accrued income
23,981
15,309

31,636
30,003



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
60,170
31,224

60,170
31,224



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,296
5,165

Trade creditors
36,450
52,562

Amounts owed to associates
1,021,998
991,357

Other creditors
80,215
27,615

Accruals and deferred income
152,515
22,963

1,296,474
1,099,662


Page 6

 
40-42 ABBEY ROAD 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
4,233,673
4,238,970

4,233,673
4,238,970


City & Docklands Management Limited, Gowerlane Limited and Investec Bank plc hold fixed and floating charges over 40-42 Abbey Road LLP. The floating charges cover all of the property or undertaking of the LLP. The charges also contain a negative pledge.


9.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(154,992)
(20,959)

(154,992)
(20,959)

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

2023
2022
£
£



Falling due within one year
(154,992)
(20,959)

(154,992)
(20,959)

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

 
Page 7