Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31002023-12-31No description of principal activity2023-01-010false0falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC440161 2023-01-01 2023-12-31 OC440161 2021-12-02 2022-12-31 OC440161 2023-12-31 OC440161 2022-12-31 OC440161 c:CurrentFinancialInstruments 2023-12-31 OC440161 c:CurrentFinancialInstruments 2022-12-31 OC440161 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC440161 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC440161 d:FRS102 2023-01-01 2023-12-31 OC440161 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC440161 d:FullAccounts 2023-01-01 2023-12-31 OC440161 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC440161 6 2023-01-01 2023-12-31 OC440161 d:PartnerLLP1 2023-01-01 2023-12-31 OC440161 d:PartnerLLP2 2023-01-01 2023-12-31 OC440161 d:PartnerLLP3 2023-01-01 2023-12-31 OC440161 d:PartnerLLP4 2023-01-01 2023-12-31 OC440161 d:PartnerLLP5 2023-01-01 2023-12-31 OC440161 d:PartnerLLP6 2023-01-01 2023-12-31 OC440161 d:PartnerLLP7 2023-01-01 2023-12-31 OC440161 d:PartnerLLP8 2023-01-01 2023-12-31 OC440161 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC440161










GREY CAT CAPITAL VII LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GREY CAT CAPITAL VII LLP
 

INFORMATION




Designated Members

T L H Dyer
D C Ebbrell
O D Farago
H M C Fraser
T J Pearman
D J Simmonds
J S Thoms
CSF Group Limited

LLP registered number

OC440161

Registered office

10 Queen Street PlaceLondonUnited KingdomEC4R 1AG


 
GREY CAT CAPITAL VII LLP
 

CONTENTS



Page
Members' Report
1 - 2
Income Statement
3
Statement of Financial Position
4 - 5
Notes to the Financial Statements
6 - 7


 
GREY CAT CAPITAL VII LLP
 
  
MEMBERS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The members present their annual report together with the financial statements of Grey Cat Capital VII LLP (the "LLP") for the year ended 31 December 2023
 

Principal activities
 
 
The LLP was incorporated on 2 December 2021 and commenced trading on that date.
 
 
Designated Members
 
 
T L H Dyer, D C Ebbrell, O D Farago, H M C Fraser, T J Pearman, D J Simmonds, J S Thoms and CSF Group Limited were designated members of the LLP throughout the period.
 

 
Members' capital and interests
 
 
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.
 
 
Details of changes in members' capital in the year ended 31 December 2023 are set out in the financial statements.
 
 
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.
 

Members' responsibilities statement
 
 
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
 
 
Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period.

In preparing these financial statements, the members are required to:
 
select suitable accounting policies and then apply them consistently;
 
make judgements and accounting estimates that are reasonable and prudent;
 
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.
 

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008)They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the
Page 1

 
GREY CAT CAPITAL VII LLP
 
 
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
 
 
prevention and detection of fraud and other irregularities.
 
This report was approved by the members and signed on their behalf by: 




D J Simmonds
Designated member

Date: 30 September 2024
Page 2

 
GREY CAT CAPITAL VII LLP
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
Note
£
£

  

Income from participating interests
  
52,799
52,799

Profit before tax
  
52,799
52,799

Profit for the year before members' remuneration and profit shares
  
52,799
52,799

  

Profit for the year before members' remuneration and profit shares
  
52,799
52,799

Members' remuneration charged as an expense
  
(52,799)
(52,799)

Results for the year available for discretionary division among members
  
-
-

The notes on pages 6 to 7 form part of these financial statements.

Page 3

 
GREY CAT CAPITAL VII LLP
REGISTERED NUMBER: OC440161

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
-
2,305,154

  
-
2,305,154

  

Creditors: Amounts Falling Due Within One Year
 5 
-
(2,305,154)

Net current assets/(liabilities)
  
 
 
-
 
 
(2,305,154)

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-

Page 4

 
GREY CAT CAPITAL VII LLP
REGISTERED NUMBER: OC440161
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

  

  
-
-


  

  
-
-


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 were approved and authorised for issue by the members and were signed on their behalf by: 




D J Simmonds
Designated member

Date: 30 September 2024

The notes on pages 6 to 7 form part of these financial statements.

Grey Cat Capital VII 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 5

 
GREY CAT CAPITAL VII LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Grey Cat Capital VII LLP is a limited liability partnership registered in England and Wales (registration number OC440161). Its registered office address 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 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 .

 
2.3

Valuation of investments

Investments in unlisted LLP interests, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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.


3.


Employees

The entity has no employees.

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 6

 
GREY CAT CAPITAL VII LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Other fixed asset investments

£





At 1 January 2023
2,305,154


Additions
(2,305,154)



At 31 December 2023
-





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
-
2,305,154

-
2,305,154



6.


Controlling party

There is no ultimate controlling party.

Page 7