Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true11The principal activity of the limited liability partnership is the provision of management consultancy services2023-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC329448 2023-04-01 2024-03-31 OC329448 2022-04-01 2023-03-31 OC329448 2024-03-31 OC329448 2023-03-31 OC329448 c:FurnitureFittings 2023-04-01 2024-03-31 OC329448 c:FurnitureFittings 2024-03-31 OC329448 c:FurnitureFittings 2023-03-31 OC329448 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC329448 d:FRS102 2023-04-01 2024-03-31 OC329448 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC329448 d:FullAccounts 2023-04-01 2024-03-31 OC329448 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC329448 2 2023-04-01 2024-03-31 OC329448 d:PartnerLLP1 2023-04-01 2024-03-31 OC329448 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC329448 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 iso4217:GBP xbrli:pure


Registered number: OC329448












BARTLETT RESOURCES LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 

BARTLETT RESOURCES LLP

CONTENTS



Page
Information 
 
Balance sheet
 
1
2 - 3
Notes to the financial statements
 
4 - 7


 

BARTLETT RESOURCES LLP

INFORMATION




Designated Members

A J Trahar
P J Trahar

LLP registered number

OC329448

Registered office

16 Great Queen StreetCovent GardenLondonWC2B 5AH

Accountants

Blick Rothenberg Limited16 Great Queen StreetCovent GardenLondonWC2B 5AH

Page 1


 
REGISTERED NUMBER:OC329448
BARTLETT RESOURCES LLP

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
4,381
5,841

  
4,381
5,841

Current assets
  

Debtors
  
13,750
-

Cash at bank and in hand
  
17,031
41,793

  
30,781
41,793

Total assets less current liabilities
  
 
 
35,162
 
 
47,634

  

Net assets
  
35,162
47,634


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
35,162
47,634

  
 
35,162
 
47,634

  
35,162
47,634


Total members' interests
  

Members' other interests
  
35,162
47,634

  
35,162
47,634


Page 2


 
REGISTERED NUMBER:OC329448
BARTLETT RESOURCES LLP
    
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 profit and loss account 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: 




A J Trahar
Designated member

Date: 11 October 2024

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

Page 3

 

BARTLETT RESOURCES LLP

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

1.


General information

Bartlett Resources LLP is a limited liability partnership incorporated in England and Wales. The registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Turnover consists of fees for professional work performed and other services billed to clients excluding disbursements paid on behalf of clients and VAT.

 
2.3

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.

 
2.4

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:

Fixtures and fittings
-
25%

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 4

 

BARTLETT RESOURCES LLP

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

2.Accounting policies (continued)


2.5

Financial instruments

The LLP has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. 
 
The LLP’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 5

 

BARTLETT RESOURCES LLP

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

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the LLP would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

  
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.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).

Page 6

 

BARTLETT RESOURCES LLP

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
124,541



At 31 March 2024

124,541



Depreciation


At 1 April 2023
118,700


Charge for the year on owned assets
1,460



At 31 March 2024

120,160



Net book value



At 31 March 2024
4,381



At 31 March 2023
5,841


5.


Loans and other debts due to members

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


6.


Pension commitments

The LLP operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the LLP to the fund and amounted to £416 (2023: £nil). Contributions totalling £nil (2023: £nil) were receivable from the fund at the balance sheet date and are included in other debtors.

 
Page 7