Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false00falsetruefalse OC417585 2023-04-01 2024-03-31 OC417585 2022-04-01 2023-03-31 OC417585 2024-03-31 OC417585 2023-03-31 OC417585 c:FurnitureFittings 2023-04-01 2024-03-31 OC417585 c:FurnitureFittings 2024-03-31 OC417585 c:FurnitureFittings 2023-03-31 OC417585 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC417585 c:CurrentFinancialInstruments 2024-03-31 OC417585 c:CurrentFinancialInstruments 2023-03-31 OC417585 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC417585 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC417585 d:FRS102 2023-04-01 2024-03-31 OC417585 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC417585 d:FullAccounts 2023-04-01 2024-03-31 OC417585 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC417585 d:PartnerLLP2 2023-04-01 2024-03-31 OC417585 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC417585









YELLOW STEP LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
YELLOW STEP LLP
REGISTERED NUMBER: OC417585

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
56,406
39,686

Current assets
  

Debtors: amounts falling due within one year
 4 
854,852
997,196

Cash at bank and in hand
 5 
2,928,578
856,949

  
3,783,430
1,854,145

Creditors: Amounts Falling Due Within One Year
 6 
(354,405)
(729,316)

Net current assets
  
 
 
3,429,025
 
 
1,124,829

Total assets less current liabilities
  
3,485,431
1,164,515


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
3,485,431
1,164,515


Total members' interests
  

Loans and other debts due to members
 7 
3,485,431
1,164,515


Page 1

 
YELLOW STEP LLP
REGISTERED NUMBER: OC417585
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 23 September 2024.




M Woodward
Designated member

The notes on pages 3 to 7 form part of these financial statements.

Yellow Step 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

 
YELLOW STEP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Yellow Step LLP is a limited liability partnership which was incorporated in the United Kingdom and is registered in England and Wales. The LLP’s registered office is 101 New Cavendish Street, 1st Floor South, London W1W 6XH.

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

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 .

Page 3

 
YELLOW STEP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Equipment
-
20%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

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.

 
2.5

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.

 
2.6

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.

Page 4

 
YELLOW STEP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 April 2023
74,876


Additions
30,822



At 31 March 2024

105,698



Depreciation


At 1 April 2023
35,190


Charge for the year on owned assets
14,102



At 31 March 2024

49,292



Net book value



At 31 March 2024
56,406



At 31 March 2023
39,686

Page 5

 
YELLOW STEP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
854,852
-

Other debtors
-
997,196

854,852
997,196



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,928,578
856,949



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,031
610,409

Other taxation and social security
271,304
-

Other creditors
72,213
112,407

Accruals and deferred income
9,857
6,500

354,405
729,316


Page 6

 
YELLOW STEP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
3,485,431
1,164,515

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

2024
2023
£
£



Falling due within one year
3,485,431
1,164,515

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

 
Page 7