Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-316falsefalse62023-04-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC417494 2023-03-31 OC417494 2023-04-01 2024-03-31 OC417494 2021-11-01 2022-10-31 OC417494 2024-03-31 OC417494 2022-10-31 OC417494 c:CurrentFinancialInstruments 2024-03-31 OC417494 c:CurrentFinancialInstruments 2022-10-31 OC417494 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC417494 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 OC417494 d:FRS102 2023-04-01 2024-03-31 OC417494 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC417494 d:FullAccounts 2023-04-01 2024-03-31 OC417494 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC417494 d:PartnerLLP1 2023-04-01 2024-03-31 OC417494 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC417494 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-10-31 OC417494 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC417494 c:FurtherSpecificReserve2ComponentTotalEquity 2022-10-31 OC417494 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC417494










UK CHINA ENTERPRISE LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
UK CHINA ENTERPRISE LLP
REGISTERED NUMBER: OC417494

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2022
Note
£
£

  

  

Current liability
  

Creditors: Amounts Falling Due Within One Year
 4 
(92,809)
(133,530)

Net current liabilities
  
 
 
(92,809)
 
 
(133,530)

Total assets less current liabilities
  
(92,809)
(133,530)

  

Net liabilities
  
(92,809)
(133,530)


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
300
300

Other reserves classified as equity

  

(93,109)
(133,830)

  
 
(92,809)
 
(133,530)

  
(92,809)
(133,530)


Total members' interests
  

Members' other interests
  
(92,809)
(133,530)

  
(92,809)
(133,530)


Page 1

 
UK CHINA ENTERPRISE LLP
REGISTERED NUMBER: OC417494

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 by: 


Dr Jian Cao
Designated member

Date: 26 September 2024

The notes on pages 3 to 5 form part of these financial statements.

UK China Enterprise 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

 
UK CHINA ENTERPRISE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

UK China Enterprise LLP is a limited liability partnership incorporated in England and Wales.
The LLP's registered office and principal place of business is International House, 126 Colmore Row,  Birmingham, England, B3 3AP.

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

Reporting period

The LLP's year end has been extended by 5 months to 31 March 2024 therefore making it a 17 month reporting period. The comparative amounts presented in the financial statements (including related notes) are not comparable being a year long only.

 
2.3

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.

Page 3

 
UK CHINA ENTERPRISE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
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

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.

 
2.7

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 financial instruments.

Page 4

 
UK CHINA ENTERPRISE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including members, during the year was 6 (2023 - 6).


4.


Creditors: amounts falling due within one year

2024
2022
£
£

Trade creditors
-
144

Amounts owed to group undertakings
90,418
129,075

Other taxation and social security
-
2,034

Accruals and deferred income
2,391
2,277

92,809
133,530



Page 5