Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC341885 2023-04-01 2024-03-31 OC341885 2022-04-01 2023-03-31 OC341885 2024-03-31 OC341885 2023-03-31 OC341885 c:PlantMachinery 2023-04-01 2024-03-31 OC341885 c:PlantMachinery 2024-03-31 OC341885 c:PlantMachinery 2023-03-31 OC341885 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC341885 c:FurnitureFittings 2023-04-01 2024-03-31 OC341885 c:FurnitureFittings 2024-03-31 OC341885 c:FurnitureFittings 2023-03-31 OC341885 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC341885 c:OfficeEquipment 2023-04-01 2024-03-31 OC341885 c:OfficeEquipment 2024-03-31 OC341885 c:OfficeEquipment 2023-03-31 OC341885 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC341885 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC341885 c:FreeholdInvestmentProperty 2024-03-31 OC341885 c:FreeholdInvestmentProperty 2023-03-31 OC341885 c:CurrentFinancialInstruments 2024-03-31 OC341885 c:CurrentFinancialInstruments 2023-03-31 OC341885 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC341885 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC341885 d:FRS102 2023-04-01 2024-03-31 OC341885 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC341885 d:FullAccounts 2023-04-01 2024-03-31 OC341885 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC341885 d:PartnerLLP1 2023-04-01 2024-03-31 OC341885 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC341885 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC341885 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC341885 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC341885









LAWRENCE & LAWRENCE LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LAWRENCE & LAWRENCE LLP
REGISTERED NUMBER: OC341885

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
446
525

Investment property
 5 
2,941,893
2,941,893

  
2,942,339
2,942,418

Current assets
  

Debtors
 6 
4,149
3,938

Cash at bank and in hand
 7 
55,716
34,991

  
59,865
38,929

Creditors: amounts falling due within one year
 8 
(20,785)
(16,015)

Net current assets
  
 
 
39,080
 
 
22,914

Total assets less current liabilities
  
2,981,419
2,965,332

Net assets
  
2,981,419
2,965,332


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
1,816,378
1,800,291

  
1,816,378
1,800,291

Members' other interests
  

Non distributable profits
  
1,165,041
1,165,041

  
2,981,419
2,965,332


Total members' interests
  

Loans and other debts due to members
 9 
1,816,378
1,800,291

Non distributable profits
  
1,165,041
1,165,041

  
2,981,419
2,965,332


Page 1

 
LAWRENCE & LAWRENCE LLP
REGISTERED NUMBER: OC341885
    
STATEMENT OF FINANCIAL POSITION (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.




D C Lawrence
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
LAWRENCE & LAWRENCE LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024




EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Non distributable profits
Other amounts
Total

£
£
£

Amounts due to members 
1,811,133


Amounts due from members 

(268)


Balance at 1 April 2022 
1,165,041
1,810,865
2,975,906

Members' remuneration charged as an expense
 
-
86,457
86,457

Members' interests after profit for the year
1,165,041
1,897,322
3,062,363

Amounts introduced by members
-
1,763,113
1,763,113

Drawings
 
-
(1,860,412)
(1,860,412)

Repayment of debt
-
268
268

Amounts due to members, included in creditors
 

1,800,291


Balance at 31 March 2023
1,165,041
1,800,291
2,965,332

Members' remuneration charged as an expense
 
-
90,530
90,530

Members' interests after profit for the year
1,165,041
1,890,821
3,055,862

Drawings
-
(74,443)
(74,443)

Other movements
 
-
-
-

Amounts due to members, included in creditors
1,816,378

Amounts due from members, included in debtors
 

-


Balance at 31 March 2024 
1,165,041
1,816,378
2,981,419


Page 3

 
LAWRENCE & LAWRENCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Lawrence & Lawrence LLP is a limited liability partnership, incorporated in England and Wales. The address of the registered office is Abbey House, Premier Way, Romsey, England, SO51 9AQ.
The principal activity of the LLP continues to be that of property investment and development.

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

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.

 
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.

Page 4

 
LAWRENCE & LAWRENCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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 bases:

Plant & machinery
-
15%
reducing balance
Fixtures & fittings
-
15%
reducing balance
Office equipment
-
25%
reducing balance

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 the Statement of comprehensive income.

 
2.4

Investment property

Investment properties are properties held to earn rent and or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

 
2.5

Debtors

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

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.

 
2.7

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 5

 
LAWRENCE & LAWRENCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

There were no employees apart from the members (2023 - none).



4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost


At 1 April 2023
650
4,005
3,500
8,155



At 31 March 2024

650
4,005
3,500
8,155



Depreciation


At 1 April 2023
609
3,521
3,500
7,630


Charge for the year
6
73
-
79



At 31 March 2024

615
3,594
3,500
7,709



Net book value



At 31 March 2024
35
411
-
446



At 31 March 2023
41
484
-
525


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,941,893



At 31 March 2024
2,941,893

Investment property comprises land and buildings. The 2024 valuation was made by the members, who are not property professionals, on an open market value for existing use basis.




Page 6

 
LAWRENCE & LAWRENCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£

Trade debtors
3,282
2,165

Prepayments and accrued income
867
1,773

4,149
3,938



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
55,716
34,991

55,716
34,991



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,925
720

Other creditors
13,460
12,895

Accruals and deferred income
2,400
2,400

20,785
16,015



9.


Loans and other debts due to members


2024
2023
£
£


Other amounts due to members
1,816,378
1,800,291

1,816,378
1,800,291


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

 
Page 7