Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true02023-01-01falseProperty investment0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10438919 2023-01-01 2023-12-31 10438919 2022-01-01 2022-12-31 10438919 2023-12-31 10438919 2022-12-31 10438919 1 2023-01-01 2023-12-31 10438919 d:Director1 2023-01-01 2023-12-31 10438919 c:CurrentFinancialInstruments 2023-12-31 10438919 c:CurrentFinancialInstruments 2022-12-31 10438919 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 10438919 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 10438919 c:ShareCapital 2023-12-31 10438919 c:ShareCapital 2022-12-31 10438919 c:RetainedEarningsAccumulatedLosses 2023-12-31 10438919 c:RetainedEarningsAccumulatedLosses 2022-12-31 10438919 d:OrdinaryShareClass1 2023-01-01 2023-12-31 10438919 d:OrdinaryShareClass1 2023-12-31 10438919 d:OrdinaryShareClass1 2022-12-31 10438919 d:OrdinaryShareClass2 2023-01-01 2023-12-31 10438919 d:OrdinaryShareClass2 2023-12-31 10438919 d:OrdinaryShareClass2 2022-12-31 10438919 d:OrdinaryShareClass3 2023-01-01 2023-12-31 10438919 d:OrdinaryShareClass3 2023-12-31 10438919 d:OrdinaryShareClass3 2022-12-31 10438919 d:OrdinaryShareClass4 2023-01-01 2023-12-31 10438919 d:OrdinaryShareClass4 2023-12-31 10438919 d:OrdinaryShareClass4 2022-12-31 10438919 d:FRS102 2023-01-01 2023-12-31 10438919 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10438919 d:FullAccounts 2023-01-01 2023-12-31 10438919 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10438919 6 2023-01-01 2023-12-31 10438919 11 2023-01-01 2023-12-31 10438919 12 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10438919










LONGACRE PARTNERSHIP HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LONGACRE PARTNERSHIP HOLDINGS LIMITED
REGISTERED NUMBER: 10438919

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
200
200

  
200
200

Current assets
  

Debtors: amounts falling due within one year
 5 
70,000
-

  
70,000
-

Creditors: amounts falling due within one year
  
(7,022)
(7,957)

Net current assets/(liabilities)
  
 
 
62,978
 
 
(7,957)

Total assets less current liabilities
  
63,178
(7,757)

  

Net assets/(liabilities)
  
63,178
(7,757)


Capital and reserves
  

Called up share capital 
 6 
200
200

Profit and loss account
  
62,978
(7,957)

Total equity
  
63,178
(7,757)


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 by: 




S Russell
Director
Page 1

 
LONGACRE PARTNERSHIP HOLDINGS LIMITED
REGISTERED NUMBER: 10438919
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Date: 3 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


General information

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


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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

  
2.2

Going concern

The directors have prepared these financial statements on a going concern basis as they have a reasonable expectation that Longacre Partnership Holdings Limited will have adequate resources to continue in operational existence and meet its liabilities to third parties as they fall due for a period of at least twelve months from the date these financial statements were approved.

 
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 balance sheet 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

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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.

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.

 
2.6

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.
 
Page 4

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

2.Accounting policies (continued)


2.6
Financial liabilities (continued)

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022: £Nil).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
200



At 31 December 2023
200




Page 5

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

5.


Debtors: amounts falling due within one year

2023
2022
£
£


Amounts owed by group undertakings
70,000
-


The amounts owed by group undertakings are unsecured, interest free and repayable on demand.


6.


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
96 (2022: 96) Ordinary C shares of £1.00 each
96
96
4 (2022: 4) Ordinary D shares of £1.00 each
4
4

200

200



7.


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.


8.


Post balance sheet events

There were no material events subsequent to the year end that are required to be disclosed.


9.


Parent company and controlling party

The parent undertaking is ICG- Longbow Equity Investment No 4. S. A. R. L.
                                                                                                                                                                 There is no single controlling party.

 
Page 6