Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3138448false2023-04-01No description of principal activityfalse24trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC355512 2023-04-01 2024-03-31 OC355512 2022-04-01 2023-03-31 OC355512 2024-03-31 OC355512 2023-03-31 OC355512 c:Buildings c:LongLeaseholdAssets 2023-04-01 2024-03-31 OC355512 c:Buildings c:LongLeaseholdAssets 2024-03-31 OC355512 c:Buildings c:LongLeaseholdAssets 2023-03-31 OC355512 c:MotorVehicles 2023-04-01 2024-03-31 OC355512 c:MotorVehicles 2024-03-31 OC355512 c:MotorVehicles 2023-03-31 OC355512 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC355512 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC355512 c:OfficeEquipment 2023-04-01 2024-03-31 OC355512 c:OfficeEquipment 2024-03-31 OC355512 c:OfficeEquipment 2023-03-31 OC355512 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC355512 c:OfficeEquipment c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC355512 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC355512 c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC355512 c:CurrentFinancialInstruments 2024-03-31 OC355512 c:CurrentFinancialInstruments 2023-03-31 OC355512 c:Non-currentFinancialInstruments 2024-03-31 OC355512 c:Non-currentFinancialInstruments 2023-03-31 OC355512 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC355512 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC355512 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC355512 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC355512 d:FRS102 2023-04-01 2024-03-31 OC355512 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC355512 d:FullAccounts 2023-04-01 2024-03-31 OC355512 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC355512 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 OC355512 c:HirePurchaseContracts c:WithinOneYear 2023-03-31 OC355512 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 OC355512 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-03-31 OC355512 d:PartnerLLP1 2023-04-01 2024-03-31 OC355512 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC355512 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC355512 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC355512









WOOD HALL LAND LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
WOOD HALL LAND LLP
REGISTERED NUMBER: OC355512

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
951,807
993,525

  
951,807
993,525

Current assets
  

Debtors: amounts falling due within one year
 5 
752,422
566,216

Cash at bank and in hand
  
19,051
32,809

  
771,473
599,025

Creditors: Amounts Falling Due Within One Year
 6 
(58,319)
(39,896)

Net current assets
  
 
 
713,154
 
 
559,129

Total assets less current liabilities
  
1,664,961
1,552,654

Creditors: amounts falling due after more than one year
 7 
(13,574)
(15,867)

  
1,651,387
1,536,787

  

Net assets
  
1,651,387
1,536,787


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
100,100
100,100

Other amounts
 9 
1,551,287
1,436,687

  
1,651,387
1,536,787

  

  
1,651,387
1,536,787


Total members' interests
  

Loans and other debts due to members
 9 
1,651,387
1,536,787

  
1,651,387
1,536,787


Page 1

 
WOOD HALL LAND LLP
REGISTERED NUMBER: OC355512
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 income statement 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: 




................................................
A L Cohen
Designated Member
Date: 2 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Wood Hall Land 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

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wood Hall Land LLP is a limited liability partnership incorporated in England and Wales. 
The registered office is Wood Hall Farm Office, Wood Hall Lane, Shenley, Radlett, United Kingdom, WD7 9AA.
The principal activity of the LLP continued to be that of property management.

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

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax under contractual obligations which are performed gradually over time. 
If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and this is outside the control of the Limited Liability Partnership), then turnover is recognised only when the event occurs. In such cases costs incurred up to the balance sheet date are carried forward as work in progress. 

 
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.

Page 3

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
4%
Motor vehicles
-
20%
Office equipment
-
25%

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.

Page 4

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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, 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.
Investments in non-derivative instruments that are equity to the issuer are measured:
•     at fair value with changes recognised in the Income Statement if the shares are publicly traded or their fair value can otherwise be measured reliably;
•      at cost less impairment for all other investments.
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 Income Statement.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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 LLP would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position 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.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

Page 5

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.7

Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

  
2.8

Equity

The equity of the limited liability partnership comprises members' capital classified as equity.
Members' capital is classified as equity only when the limited liability partnership has the right not to return the capital to the member except on dissolution of the limited liability partnership, otherwise it is classified as a financial liability.

  
2.9

Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

  
2.10

Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Page 6

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


3.


Employees

The average monthly number of employees (including designated members), during the year was 2 (2023 - 4).


4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
999,270
33,038
34,044
1,066,352


Additions
3,500
-
657
4,157



At 31 March 2024

1,002,770
33,038
34,701
1,070,509



Depreciation


At 1 April 2023
39,601
11,893
21,333
72,827


Charge for the year on owned assets
38,448
-
3,198
41,646


Charge for the year on financed assets
-
4,229
-
4,229



At 31 March 2024

78,049
16,122
24,531
118,702



Net book value



At 31 March 2024
924,721
16,916
10,170
951,807



At 31 March 2023
959,669
21,145
12,711
993,525

Page 7

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
513,932
470,024

Prepayments and accrued income
238,490
96,196

752,422
566,220



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
4,958
4,442

Trade creditors
40,320
22,150

Other taxation and social security
3,032
2,409

Obligations under finance lease and hire purchase contracts
3,844
5,395

Accruals and deferred income
6,165
5,500

58,319
39,896



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
13,574
15,867



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
3,844
5,395

Between 1-5 years
13,574
15,867

17,418
21,262

Page 8

 
WOOD HALL LAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
100,100
100,100

Other amounts due to members
1,551,287
1,436,687

1,651,387
1,536,787

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

2024
2023
£
£



Falling due within one year
1,651,387
1,536,787

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

 
Page 9