Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-010truetrueNo description of principal activitytrue0 OC358735 2023-04-01 2024-03-31 OC358735 2022-04-01 2023-03-31 OC358735 2024-03-31 OC358735 2023-03-31 OC358735 c:CurrentFinancialInstruments 2024-03-31 OC358735 c:CurrentFinancialInstruments 2023-03-31 OC358735 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC358735 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC358735 d:EntityHasNeverTraded 2023-04-01 2024-03-31 OC358735 d:FRS102 2023-04-01 2024-03-31 OC358735 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC358735 d:FullAccounts 2023-04-01 2024-03-31 OC358735 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC358735 6 2023-04-01 2024-03-31 OC358735 d:PartnerLLP5 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC358735










SPARK NW CARRY PARTNER LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SPARK NW CARRY PARTNER LLP
REGISTERED NUMBER: OC358735

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 3 
6
6

  
6
6

  

Creditors: Amounts Falling Due Within One Year
 4 
(6)
(6)

Net current liabilities
  
 
 
(6)
 
 
(6)

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Represented by:
  

Loans and other debts due to members within one year
  

  

  
-
-


  

  
-
-


Page 1

 
SPARK NW CARRY PARTNER LLP
REGISTERED NUMBER: OC358735
    
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 480 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 on 9 October 2024.




M D'Abbadie, director of SPARK Impact Limited
Designated member

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

SPARK NW Carry Partner 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

 
SPARK NW CARRY PARTNER LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The entity is a limited liability partnership, which is incorporated under the Limited Liability Partnerships Act 2000 and registered in England and Wales (no. OC358735). The address of the registered office is Suite 6c, The Plaza, 100 Old Hall Street, Liverpool, Merseyside, England, L3 9QJ.
These financial statements present information about the partnership as an individual undertaking. The partnership is part of a small group. The principal activity of the company is to act as carried interest partners for NWF (Biomedical) LP, a venture capital investment fund focused on making investments in the biomedical sector in the North West of England.
The presentation currency of these financial statements is £ sterling; the 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".

 
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 subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

Page 3

 
SPARK NW CARRY PARTNER 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 the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the LLP's Balance sheet 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 receipts 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 4

 
SPARK NW CARRY PARTNER LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
6



At 31 March 2024
6





4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
6
6

6
6


Page 5