Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-21An Investment Holding Entity00false OC446406 2023-03-20 OC446406 2023-03-21 2023-12-31 OC446406 2022-01-01 2023-03-20 OC446406 2023-12-31 OC446406 1 2023-03-21 2023-12-31 OC446406 c:CurrentFinancialInstruments 2023-12-31 OC446406 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC446406 d:FRS102 2023-03-21 2023-12-31 OC446406 d:AuditExempt-NoAccountantsReport 2023-03-21 2023-12-31 OC446406 d:FullAccounts 2023-03-21 2023-12-31 OC446406 d:LimitedLiabilityPartnershipLLP 2023-03-21 2023-12-31 OC446406 2 2023-03-21 2023-12-31 OC446406 d:PartnerLLP1 2023-03-21 2023-12-31 OC446406 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC446406 e:PoundSterling 2023-03-21 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC446406










TAURUS DURHAM STREET LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
TAURUS DURHAM STREET LLP
REGISTERED NUMBER: OC446406

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

 
2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,368

  
16,368

Creditors: amounts falling due within one year
 5 
(452,842)

Net current liabilities
  
 
 
(436,474)

Total assets less current liabilities
  
(436,474)

  

Net liabilities
  
(436,474)


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Other reserves classified as equity

  

(436,474)

  
 
(436,474)


Total members' interests
  

Members' other interests
  
(436,474)

  
(436,474)


Page 1

 
TAURUS DURHAM STREET LLP
REGISTERED NUMBER: OC446406
    
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 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 by: 




N H Jacobs
Designated member

Date: 26 September 2024

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

Page 2

 
TAURUS DURHAM STREET LLP
 

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




Members' other interests
Other reserves
Total

£
£

Balance at incorporation on 21 March 2023 
-
-

Loss for the period available for discretionary division among members
 
(436,474)
(436,474)

Members' interests after loss for the year
 
(436,474)
(436,474)

Balance at 31 December 2023 
(436,474)
(436,474)

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

 
TAURUS DURHAM STREET LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Taurus Durham Street LLP is a limited liability partnership incorporated in England and Wales with the LLP registered number OC446406. The registered office is 10 Queen Street Place, London, EC4R 1AG.                                          

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 financial statements are presented in Sterling (£), which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The LLP is in a net deficit position and is reliant on its members for financial support. The members will provide the LLP with adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.

 
2.3

Interest receivable and similar income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Debtors: amounts falling due within one year

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors: amounts falling due within one year

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.

Page 4

 
TAURUS DURHAM STREET LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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 Statement of Comprehensive Income.

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.


3.


Employees

The entity has no employees for the period.
Page 5

 
TAURUS DURHAM STREET LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Debtors: amounts falling due within one year

 
2023
£


Other debtors
330

VAT receivable
16,038

16,368



5.


Creditors: amounts falling due within one year

2023
£

Trade creditors
50,575

Amounts owed to group undertakings
398,192

Accruals and deferred income
4,075

452,842


The amounts owed to group undertakings are unsecured, interest free and repayable on demand.


6.


Loans and other debts due to members


In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.






7.


Post balance sheet events

There were no material events subsequent to the period end that are required to be disclosed.

Page 6