Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activitytrue2023-01-0100falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC435428 2023-01-01 2023-12-31 OC435428 2022-01-01 2022-12-31 OC435428 2023-12-31 OC435428 2022-12-31 OC435428 c:CurrentFinancialInstruments 2023-12-31 OC435428 c:CurrentFinancialInstruments 2022-12-31 OC435428 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC435428 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC435428 d:FRS102 2023-01-01 2023-12-31 OC435428 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC435428 d:FullAccounts 2023-01-01 2023-12-31 OC435428 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC435428 6 2023-01-01 2023-12-31 OC435428 d:PartnerLLP5 2023-01-01 2023-12-31 OC435428 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC435428 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 OC435428 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC435428










GREY CAT CAPITAL V LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GREY CAT CAPITAL V LLP
REGISTERED NUMBER: OC435428

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
925,527
532,526

  
925,527
532,526

  

Creditors: Amounts Falling Due Within One Year
 5 
(1,010,477)
(532,526)

Net current liabilities
  
 
 
(1,010,477)
 
 
(532,526)

Total assets less current liabilities
  
(84,950)
-

  

Net liabilities
  
(84,950)
-

Page 1

 
GREY CAT CAPITAL V LLP
REGISTERED NUMBER: OC435428
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Other reserves classified as equity
  
(84,950)
-

  
 
(84,950)
 
-

  
(84,950)
-


Total members' interests
  

Members' other interests
  
(84,950)
-

  
(84,950)
-


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: 

D J Simmonds
Designated member
Date: 4 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Grey Cat Capital V LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
GREY CAT CAPITAL V LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Grey Cat Capital V LLP is a limited liability partnership registered in England and Wales (registration number OC435428). Its registered office address is 10 Queen Street Place, London, EC4R 1AG.

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 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships."

 
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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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.

 
2.5

Financial instruments

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

Financial instruments are recognised in the LLP's Statement of Financial Position when the LLP becomes party to the contractual provisions of the instrument.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Page 3

 
GREY CAT CAPITAL V LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees

The entity has no employees.


4.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 January 2023
232,526
300,000
532,526


Additions
393,001
-
393,001



At 31 December 2023
625,527
300,000
925,527




Page 4

 
GREY CAT CAPITAL V LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,010,477
532,526

1,010,477
532,526


interest is payable on the loans at 10% and 12%.


6.


Controlling party

There is no ultimate controlling party.

Page 5