Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity77falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC416920 2023-01-01 2023-12-31 OC416920 2022-01-01 2022-12-31 OC416920 2023-12-31 OC416920 2022-12-31 OC416920 c:FurnitureFittings 2023-01-01 2023-12-31 OC416920 c:FurnitureFittings 2023-12-31 OC416920 c:FurnitureFittings 2022-12-31 OC416920 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC416920 c:OfficeEquipment 2023-01-01 2023-12-31 OC416920 c:OfficeEquipment 2023-12-31 OC416920 c:OfficeEquipment 2022-12-31 OC416920 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC416920 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC416920 c:CurrentFinancialInstruments 2023-12-31 OC416920 c:CurrentFinancialInstruments 2022-12-31 OC416920 c:CurrentFinancialInstruments 2 2023-12-31 OC416920 c:CurrentFinancialInstruments 2 2022-12-31 OC416920 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC416920 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC416920 e:FRS102 2023-01-01 2023-12-31 OC416920 e:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 OC416920 e:FullAccounts 2023-01-01 2023-12-31 OC416920 e:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC416920 c:WithinOneYear 2023-12-31 OC416920 c:WithinOneYear 2022-12-31 OC416920 c:BetweenOneFiveYears 2023-12-31 OC416920 c:BetweenOneFiveYears 2022-12-31 OC416920 c:MoreThanFiveYears 2023-12-31 OC416920 c:MoreThanFiveYears 2022-12-31 OC416920 e:PartnerLLP2 2023-01-01 2023-12-31 OC416920 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-12-31 OC416920 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-12-31 OC416920 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC416920









PAGE, WHITE & FARRER GERMANY LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PAGE, WHITE & FARRER GERMANY LLP
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Page, White & Farrer Germany LLP for the year ended 31 December 2023 which comprise the Statement of comprehensive income, the Statement of financial position, the Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Page, White & Farrer Germany LLP and state those matters that we have agreed to state to the Page, White & Farrer Germany LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Page, White & Farrer Germany LLP and its members for our work or for this report. 

It is your duty to ensure that Page, White & Farrer Germany LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Page, White & Farrer Germany LLP. You consider that Page, White & Farrer Germany LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Page, White & Farrer Germany LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Barnes Roffe LLP
Chartered Accountants
3 Brook Business Centre
Cowley Mill Road
Uxbridge
Middlesex
UB8 2FX
 
Date: 
30 September 2024
Page 1

 
PAGE, WHITE & FARRER GERMANY LLP
REGISTERED NUMBER: OC416920

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
22,394
26,589

Current assets
  

Debtors: amounts falling due within one year
 6 
371,104
277,359

Cash at bank and in hand
 7 
228,249
160,354

  
599,353
437,713

Creditors: amounts falling due within one year
 8 
(621,647)
(464,202)

Net current liabilities
  
 
 
(22,294)
 
 
(26,489)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
100
100

  
100
100


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(116,793)
(160,975)

Members' other interests
  
100
100

  
(116,693)
(160,875)


Page 2

 
PAGE, WHITE & FARRER GERMANY LLP
REGISTERED NUMBER: OC416920
    
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 on 30 September 2024.




Mr J P Ruuskanen
Director
Page, White & Farrer Limited
Designated member


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
PAGE, WHITE & FARRER GERMANY LLP
 

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




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

£
£
£

Members' interests after profit for the year
100
(130,165)
(130,065)

Other division of profits
-
269,235
269,235

Amounts introduced by members
 
-
(300,045)
(300,045)

Amounts due from members
 

(160,975)


Balance at 31 December 2022
 
100
(160,975)
(160,875)

Members' interests after profit for the year
100
(160,975)
(160,875)

Other division of profits
-
345,615
345,615

Amounts introduced by members
 
-
(301,433)
(301,433)

Amounts due from members
 

(116,793)


Balance at 31 December 2023 
100
(116,793)
(116,693)

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 4

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Page, White & Farrer Germany LLP is a limited liability partnership, incorporated in England and Wales. The address of the registered office is Bedford House, 21a John Street, London, WC1N 2BF.
The LLP is a firm that provides patent & trade mark services. 

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 following principal accounting policies have been applied:

 
2.2

Going concern

Based on the ongoing support of Page, White & Farrer Limited in the form of it not withdrawing it's loan, the members note that the business is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. As such, the members believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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.
Revenue, on time and materials assignments, is recorded as activity progresses and represents the value of services provided net of VAT. Where recorded turnover exceeds amounts invoiced to clients, the excess is accrued.
Revenue on fixed fee assignments is recorded when the assignment is complete.
Revenue does not include the cost of disbursements which are recharged to clients but does include the administration charge relating to the cost of handling the disbursements.

Page 5

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

 
2.5

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following bases:

Fixtures & fittings
-
10%
straight line
Office equipment
-
10%
straight line

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.

Page 6

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 7

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

Financial instruments are recognised in the LLP's statement of financial position when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

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 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 payments 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.

Page 8

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.


3.


Employees

The average monthly number of employees, including members, during the year was 7 (2022 : 7).



4.


Information in relation to members

The average number of members during the year was 3 (2022 : 3)

Page 9

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost 


At 1 January 2023
7,441
48,160
55,601


Additions
-
1,406
1,406



At 31 December 2023

7,441
49,566
57,007



Depreciation


At 1 January 2023
3,811
25,201
29,012


Charge for the year on owned assets
744
4,857
5,601



At 31 December 2023

4,555
30,058
34,613



Net book value



At 31 December 2023
2,886
19,508
22,394



At 31 December 2022
3,630
22,959
26,589


6.


Debtors

2023
2022
£
£


Trade debtors
167,048
81,872

Other debtors
84,412
31,061

Prepayments and accrued income
2,851
3,451

Amounts due from members
116,793
160,975

371,104
277,359


Page 10

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
228,249
160,354

228,249
160,354



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
56,030
39,011

Amounts owed to related undertakings
464,747
346,567

Other taxation and social security
33,746
16,918

Other creditors
65,372
42,462

Accruals and deferred income
1,752
19,244

621,647
464,202



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2022 : £13,435).


10.


Commitments under operating leases

At 31 December 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
120,960
120,960

Later than 1 year and not later than 5 years
312,479
362,879

Later than 5 years
-
70,560

433,439
554,399

Page 11

 
PAGE, WHITE & FARRER GERMANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Related party transactions

Included within creditors is an amount of £464,747 (2022 : £346,567) due to Page, White & Farrer Limited, a controlling party.


12.


Controlling party

The controlling parties of the LLP are Mr O Ungerer and Page, White & Farrer Limited; the latter represented by the members, J Russkanen and J Cornish.

Page 12