Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310false2023-01-01Holding company0falsetrue OC338416 2023-01-01 2023-12-31 OC338416 2022-01-01 2022-12-31 OC338416 2023-12-31 OC338416 2022-12-31 OC338416 c:CurrentFinancialInstruments 2023-12-31 OC338416 c:CurrentFinancialInstruments 2022-12-31 OC338416 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC338416 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC338416 d:FRS102 2023-01-01 2023-12-31 OC338416 d:Audited 2023-01-01 2023-12-31 OC338416 d:FullAccounts 2023-01-01 2023-12-31 OC338416 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC338416 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC338416 d:PartnerLLP1 2023-01-01 2023-12-31 OC338416 d:PartnerLLP2 2023-01-01 2023-12-31 OC338416 d:PartnerLLP3 2023-01-01 2023-12-31 OC338416 d:PartnerLLP4 2023-01-01 2023-12-31 OC338416 d:PartnerLLP5 2023-01-01 2023-12-31 OC338416 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC338416 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 OC338416 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC338416 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC338416 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC338416









QUILAM CAPITAL INVESTMENTS LLP









ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
QUILAM CAPITAL INVESTMENTS LLP
 

INFORMATION




Designated Members

Dedham Vale LLP
J C Constable
S Curtis
K McSweeney
M D Sefton

LLP registered number

OC338416

Registered office

4th Floor
24 Old Bond Street
London
W1S 4AW

Independent auditors

BKL Audit LLP
Chartered Accountants
Statutory Auditor
35 Ballards Lane
London
N3 1XW


 
QUILAM CAPITAL INVESTMENTS LLP
REGISTERED NUMBER: OC338416

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
694,997
430

Current asset investments
 5 
458
651

Cash at bank and in hand
  
971,418
-

  
1,666,873
1,081

Creditors: Amounts Falling Due Within One Year
 6 
(19,947)
(1,081)

Net current assets
  
 
 
1,646,926
 
 
-

Total assets less current liabilities
  
1,646,926
-

  

Net assets
  
1,646,926
-


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
100
100

  
100
100

Members' other interests
  

Other reserves classified as equity
  
1,646,826
(100)

  
 
1,646,826
 
(100)

  
1,646,926
-


Total members' interests
  

Loans and other debts due to members
 7 
100
100

Members' other interests
  
1,646,826
(100)

  
1,646,926
-


Page 1

 
QUILAM CAPITAL INVESTMENTS LLP
REGISTERED NUMBER: OC338416
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 3 to 6 form part of these financial statements.

Quilam Capital Investments 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 INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Quilam Capital Investments LLP is a limited liability partnership incorporated in England and Wales. The LLP's registered number and registered office address can be found on the Information page.
The principal activity of the LLP is that of holding investments.

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 ('FRS 102') 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.

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.

Page 3

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

2.Accounting policies (continued)

 
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

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 and loans to related parties.

(i) Financial assets
Basic financial assets, including trade and other debtors, 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 Income Statement.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, 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 4

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

4.


Debtors

2023
2022
£
£


Other debtors
694,997
430

694,997
430



5.


Current asset investments

2023
2022
£
£

Shares in associates and group undertakings held for sale
458
651

458
651



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
17,067
1,081

Accruals and deferred income
2,880
-

19,947
1,081


Page 5

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

7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(100)
(100)

(100)
(100)

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

2023
2022
£
£



Falling due within one year
(100)
(100)

(100)
(100)

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


8.Other financial commitments

There are loans in other related companies which are secured over all assets of this LLP.


9.


Related party transactions

Included within other debtors is a balance of £nil (2022: £330) due from a company in which the members have an interest.
Included within other creditors is a balance of £700 (2022: £700) due to the group entities.
Included within other creditors is a balance of £16,367 (2022: £381) due to a company in which the directors have an interest..


10.


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