Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01Financial intermediation00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09355597 2023-01-01 2023-12-31 09355597 2022-01-01 2022-12-31 09355597 2023-12-31 09355597 2022-12-31 09355597 2022-01-01 09355597 c:Director1 2023-01-01 2023-12-31 09355597 d:CurrentFinancialInstruments 2023-12-31 09355597 d:CurrentFinancialInstruments 2022-12-31 09355597 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09355597 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09355597 d:ShareCapital 2023-12-31 09355597 d:ShareCapital 2022-12-31 09355597 d:ShareCapital 2022-01-01 09355597 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09355597 d:RetainedEarningsAccumulatedLosses 2023-12-31 09355597 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09355597 d:RetainedEarningsAccumulatedLosses 2022-12-31 09355597 d:RetainedEarningsAccumulatedLosses 2022-01-01 09355597 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09355597 c:OrdinaryShareClass1 2023-12-31 09355597 c:OrdinaryShareClass1 2022-12-31 09355597 c:OrdinaryShareClass2 2023-01-01 2023-12-31 09355597 c:OrdinaryShareClass2 2023-12-31 09355597 c:OrdinaryShareClass2 2022-12-31 09355597 c:FRS102 2023-01-01 2023-12-31 09355597 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09355597 c:FullAccounts 2023-01-01 2023-12-31 09355597 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09355597 11 2023-01-01 2023-12-31 09355597 12 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09355597










LONGACRE RETAIL PARTNERSHIP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LONGACRE RETAIL PARTNERSHIP LIMITED
REGISTERED NUMBER: 09355597

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
70,233
79,453

Cash and cash equivalents
 6 
2,209
1,364

  
72,442
80,817

Creditors: amounts falling due within one year
  
(70,875)
(9,373)

Net current assets
  
 
 
1,567
 
 
71,444

Total assets less current liabilities
  
1,567
71,444

  

Net assets
  
1,567
71,444


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,467
71,344

Total equity
  
1,567
71,444


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




S Russell
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 1

 
LONGACRE RETAIL PARTNERSHIP LIMITED
REGISTERED NUMBER: 09355597
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
LONGACRE RETAIL PARTNERSHIP LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
(22,402,857)
(22,402,757)


Comprehensive income for the year

Profit for the year
-
22,474,201
22,474,201



At 1 January 2023
100
71,344
71,444


Comprehensive income for the year

Profit for the year
-
123
123


Contributions by and distributions to owners

Dividends paid
-
(70,000)
(70,000)


At 31 December 2023
100
1,467
1,567


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
LONGACRE RETAIL PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Longacre Retail Partnership Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2a Charing Cross Road, London, WC2H 0HF.
                                                                                                                                                                    The financial statements are presented in 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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have concluded that it is correct to prepare these financial statements on a going concern basis as they have a reasonable expectation that the company will continue to independently have adequate resources to meet its liabilities to third parties as they fall due and continue in operational existence for a period of at least twelve months from the date these financial statements were approved.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company 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, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
 
Page 4

 
LONGACRE RETAIL PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.7

Financial liabilities

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Financial liabilities within the scope of IAS 39 are initially classified as financial liabilities at fair value through profit or loss, loans and borrowings, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loans and borrowings, plus directly attributable transaction costs.
Subsequently, the measurement of financial liabilities depends on their classification as follows:

Interest bearing loans and borrowings

Obligations for loans and borrowings are recognised when the Group becomes party to the related contracts and are measured initially at the fair value of consideration received less directly attributable transaction costs.
After initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost using the effective interest method.
Gains and losses arising on the repurchase, settlement or otherwise cancellation of liabilities are recognised respectively in finance revenue and finance cost.

Derecognition of financial liabilities

A liability is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires.
Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 5

 
LONGACRE RETAIL PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires the use of critical judgements, estimates and assumptions that affect the application of policies and reported amount of assets and liabilities, income and expenses.


4.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2022 - £NIL)

5.


Debtors: amounts falling due within one year

2023
2022
£
£


Other debtors
70,233
79,113

Tax recoverable
-
340

70,233
79,453



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,209
1,364


Page 6

 
LONGACRE RETAIL PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Called up share capital

2023
2022
£
£
Allotted, called up and fully paid



96 (2022: 96) Ordinary A shares of £1.00 each
96
96
4 (2022: 4) Ordinary B shares of £1.00 each
4
4

100

100



8.


Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.
At the beginning of the prior year, Longacre Retail Partnership Limited had a loan payable to a company controlled by two of Longacre Retail Partnership Limited's directors. During the prior year, the related company wrote off the loan payable to it in full and waived all interest due from Longacre Retail Partnership Limited.  


9.


Parent company and controlling party

The immediate parent company is Longacre Partnership Holdings Limited, a company incorporated in England and Wales.                                                                                                                               
                                                                                                                                                                 There is no single controlling party.

Page 7