Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310falsefalse2023-01-01falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC435096 2023-01-01 2023-12-31 OC435096 2022-02-01 2022-12-31 OC435096 2023-12-31 OC435096 2022-12-31 OC435096 c:FreeholdInvestmentProperty 2023-12-31 OC435096 c:FreeholdInvestmentProperty 2022-12-31 OC435096 c:CurrentFinancialInstruments 2023-12-31 OC435096 c:CurrentFinancialInstruments 2022-12-31 OC435096 c:Non-currentFinancialInstruments 2023-12-31 OC435096 c:Non-currentFinancialInstruments 2022-12-31 OC435096 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC435096 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC435096 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 OC435096 c:Non-currentFinancialInstruments c:AfterOneYear 2022-12-31 OC435096 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-12-31 OC435096 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-12-31 OC435096 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 OC435096 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 OC435096 d:FRS102 2023-01-01 2023-12-31 OC435096 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC435096 d:FullAccounts 2023-01-01 2023-12-31 OC435096 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC435096 2 2023-01-01 2023-12-31 OC435096 d:PartnerLLP1 2023-01-01 2023-12-31 OC435096 d:PartnerLLP2 2023-01-01 2023-12-31 OC435096 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC435096









DK / JA LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DK / JA LLP
REGISTERED NUMBER: OC435096

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
                                                                        Note
£
£

Fixed assets
  

Investment property
 4 
4,172,816
4,172,816

Current assets
  

Debtors: amounts falling due within one year
 5 
1,547
5,832

Cash at bank and in hand
  
6,644
11,162

  
8,191
16,994

Creditors: amounts falling due within one year
 6 
(2,683,346)
(2,711,251)

Net current liabilities
  
 
 
(2,675,155)
 
 
(2,694,257)

Creditors: amounts falling due after more than one year
  
(1,519,102)
(1,500,000)

  
(21,441)
(21,441)

  

Net liabilities
  
(21,441)
(21,441)


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
(21,441)
(21,441)

  

  
(21,441)
(21,441)


Total members' interests
  

Loans and other debts due to members
  
(21,441)
(21,441)

  
(21,441)
(21,441)

Page 1

 
DK / JA LLP
REGISTERED NUMBER: OC435096
    
BALANCE SHEET (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 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 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 on 21 September 2024.



DK Investments Limited
Arden & Sons Limited
Designated member
Designated member

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
DK / JA LLP
 

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





DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members' capital (classified as debt)
Other amounts
Total

£
£
£

Profit for the year available for discretionary division among members
 
-
-
-

Members' interests after profit for the year
(21,441)
-
(21,441)

Other division of profits
-
34,126
34,126

Drawings on account and distribution of profit
-
(34,126)
(34,126)

Amounts due to members
(21,441)
-
(21,441)

Balance at 31 December 2022
(21,441)
-
(21,441)

Members' remuneration charged as an expense
-
-
-

Profit for the year available for discretionary division among members
 
-
-
-

Members' interests after profit for the year
(21,441)
-
(21,441)

Other division of profits
-
89,286
89,286

Drawings on account and distribution of profit
-
(89,286)
(89,286)

Amounts due to members
 
(21,441)
-
(21,441)

Balance at 31 December 2023 
(21,441)
-
(21,441)

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

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DK / JA LLP is a limited liability partnership incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal object of the partnership is that of property investments and developments. 

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 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:

Rental Income
Rental income from operating leases is recognised on a straight line basis over the term fo the lease.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.5

Borrowing costs

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

Page 4

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 Statement of comprehensive income.

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.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:


 
2.8

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

 
2.12

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of
Page 5

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

financial assets and liabilities like trade debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees



The entity has no employees.


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
4,172,816



At 31 December 2023
4,172,816

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





5.


Debtors

2023
2022
£
£


Trade debtors
688
4,810

Prepayments and accrued income
859
1,022


Page 6

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,101
2,216

Other creditors
2,678,045
2,704,835

Accruals and deferred income
4,200
4,200

2,683,346
2,711,251



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,519,102
1,500,000

1,519,102
1,500,000



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
1,519,102
1,500,000

1,519,102
1,500,000


1,519,102
1,500,000


Bank loans more than one year are secured on the investment properties within the company. 

Page 7

 
DK / JA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
6,644
11,162




Financial assets measured at fair value through profit or loss comprise...

 
Page 8