Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseHolding company2023-01-0100falsetrue OC428985 2023-01-01 2023-12-31 OC428985 2022-01-01 2022-12-31 OC428985 2023-12-31 OC428985 2022-12-31 OC428985 c:CurrentFinancialInstruments 2023-12-31 OC428985 c:CurrentFinancialInstruments 2022-12-31 OC428985 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC428985 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC428985 d:FRS102 2023-01-01 2023-12-31 OC428985 d:Audited 2023-01-01 2023-12-31 OC428985 d:FullAccounts 2023-01-01 2023-12-31 OC428985 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC428985 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC428985 6 2023-01-01 2023-12-31 OC428985 d:PartnerLLP2 2023-01-01 2023-12-31 OC428985 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC428985









QUILAM CAPITAL HOLDINGS 2 LLP









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
QUILAM CAPITAL HOLDINGS 2 LLP
REGISTERED NUMBER: OC428985

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

  

Creditors: Amounts Falling Due Within One Year
 5 
(1)
(1)

Net current liabilities
  
 
 
(1)
 
 
(1)

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Represented by:
  

Loans and other debts due to members within one year
  

  

  
-
-


  


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

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: 






K McSweeney
Designated member

Date: 26 April 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 1

 
QUILAM CAPITAL HOLDINGS 2 LLP
REGISTERED NUMBER: OC428985
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

Quilam Capital Holdings 2 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

 
QUILAM CAPITAL HOLDINGS 2 LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Balance at 31 December 2022
-
-
-
-
-

Profit for the year available for discretionary division among members
 
217,822
217,822
-
-
217,822

Members' interests after profit for the year
217,822
217,822
-
-
217,822

Other division of profits
(217,822)
(217,822)
217,822
217,822
-

Drawings on account and distribution of profit
 
-
-
(217,822)
(217,822)
(217,822)

Balance at 31 December 2023 
-
-
-
-
-

The notes on pages 4 to 6 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
QUILAM CAPITAL HOLDINGS 2 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Quilam Capital Holdings 2 LLP (the "LLP"), is a limited liability partnership, incorporated in England and Wales. The LLP's registered number and registered address can be found on the LLP information page.
The principal activity of the LLP is that of a holding LLP.

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

Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future.
Thus, the members adopt the going concern basis of accounting in preparing the financial statements, which the members believe is appropriate based on the facts set out below.
The members, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the LLP will continue in operation for the foreseeable future.

 
2.3

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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.
 
Page 4

 
QUILAM CAPITAL HOLDINGS 2 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

(i) Financial assets
Basic financial assets, including trade and other debtors and amounts owed by group undertaking, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts owed to group undertaking, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.


3.


Employees

The entity has no employees.

Page 5

 
QUILAM CAPITAL HOLDINGS 2 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
1



At 31 December 2023
1





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1
1

1
1



6.


Related party transactions

Included within creditors is a balance of £1 (2022: £1) due to the subsidiary company. This balance is unsecured, interest free and repayable on demand.
Investment income includes £217,822 (2022: £nil) of dividends received from the subsidiary entities. 


7.


Controlling party

The immediate parent undertaking is Hay Wain Group Limited.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 26 April 2024 by Nick Bishop FCA (Senior statutory auditor) on behalf of BKL Audit LLP.

 
Page 6