Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30No description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01false3truefalse OC323805 2022-10-01 2023-09-30 OC323805 2021-10-01 2022-09-30 OC323805 2023-09-30 OC323805 2022-09-30 OC323805 c:FreeholdInvestmentProperty 2023-09-30 OC323805 c:FreeholdInvestmentProperty 2022-09-30 OC323805 c:CurrentFinancialInstruments 2023-09-30 OC323805 c:CurrentFinancialInstruments 2022-09-30 OC323805 c:Non-currentFinancialInstruments 2023-09-30 OC323805 c:Non-currentFinancialInstruments 2022-09-30 OC323805 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 OC323805 c:CurrentFinancialInstruments c:WithinOneYear 2022-09-30 OC323805 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 OC323805 c:Non-currentFinancialInstruments c:AfterOneYear 2022-09-30 OC323805 d:FRS102 2022-10-01 2023-09-30 OC323805 d:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 OC323805 d:FullAccounts 2022-10-01 2023-09-30 OC323805 d:LimitedLiabilityPartnershipLLP 2022-10-01 2023-09-30 OC323805 d:PartnerLLP1 2022-10-01 2023-09-30 OC323805 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-09-30 OC323805 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-09-30 OC323805 c:FurtherSpecificReserve2ComponentTotalEquity 2023-09-30 OC323805 c:FurtherSpecificReserve2ComponentTotalEquity 2022-09-30 OC323805 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: OC323805









BUCHLER BARNETT LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
BUCHLER BARNETT LLP
REGISTERED NUMBER: OC323805

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 3 
235,000
235,000

  
235,000
235,000

Current assets
  

Cash at bank and in hand
  
44,721
45,946

  
44,721
45,946

Creditors: Amounts Falling Due Within One Year
 5 
(4,000)
(3,000)

Net current assets
  
 
 
40,721
 
 
42,946

Total assets less current liabilities
  
275,721
277,946

Creditors: amounts falling due after more than one year
 6 
(225,048)
(225,048)

  
50,673
52,898

  

Net assets
  
50,673
52,898


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
64,252
64,252

Other reserves classified as equity
  
(13,579)
(11,354)

  
 
50,673
 
52,898

  
50,673
52,898


Total members' interests
  

Members' other interests
  
50,673
52,898

  
50,673
52,898


Page 1

 
BUCHLER BARNETT LLP
REGISTERED NUMBER: OC323805
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 profit and loss account 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 P Buchler
Designated member

Date: 20 September 2024

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

Buchler Barnett 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

 
BUCHLER BARNETT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Buchler Barnett LLP is a limited liability partnership incorporated in Engalnd and Wales, registration number OC323805. The address of the registered office is Aston House, Cornwall Avenue, London N3 1LF.

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. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BUCHLER BARNETT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

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 .

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of
Page 4

 
BUCHLER BARNETT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

financial instruments.

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.

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.


3.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
235,000



At 30 September 2023
235,000

The 2023 valuations were made by the members, on an open market value for existing use basis.






4.


Debtors

Page 5

 
BUCHLER BARNETT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
4,000
3,000

4,000
3,000



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
225,048
225,049

225,048
225,049


 
Page 6