Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31222023-04-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC361535 2023-04-01 2024-03-31 OC361535 2022-04-01 2023-03-31 OC361535 2024-03-31 OC361535 2023-03-31 OC361535 c:FurnitureFittings 2023-04-01 2024-03-31 OC361535 c:FurnitureFittings 2024-03-31 OC361535 c:FurnitureFittings 2023-03-31 OC361535 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC361535 c:OfficeEquipment 2023-04-01 2024-03-31 OC361535 c:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 OC361535 c:OtherPropertyPlantEquipment 2024-03-31 OC361535 c:OtherPropertyPlantEquipment 2023-03-31 OC361535 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC361535 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC361535 c:CurrentFinancialInstruments 2024-03-31 OC361535 c:CurrentFinancialInstruments 2023-03-31 OC361535 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC361535 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC361535 d:FRS102 2023-04-01 2024-03-31 OC361535 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC361535 d:FullAccounts 2023-04-01 2024-03-31 OC361535 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC361535 d:PartnerLLP1 2023-04-01 2024-03-31 OC361535 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC361535 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC361535 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC361535 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC361535 4 2024-03-31 OC361535 4 2023-03-31 OC361535 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC361535









GREENSPHERE CAPITAL LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GREENSPHERE CAPITAL LLP
REGISTERED NUMBER: OC361535

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,548
2,929

Investments
 5 
115,543
115,543

  
119,091
118,472

Current assets
  

Debtors: amounts falling due within one year
 6 
60,549
60,219

Cash at bank and in hand
 7 
154,562
424,395

  
215,111
484,614

Creditors: Amounts Falling Due Within One Year
 8 
(33,597)
(23,210)

Net current assets
  
 
 
181,514
 
 
461,404

Total assets less current liabilities
  
300,605
579,876

  

Net assets
  
300,605
579,876


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
(651,366)
(372,095)

  
(651,366)
(372,095)

Members' other interests
  

Members' capital classified as equity
  
951,971
951,971

  
 
951,971
 
951,971

  
300,605
579,876


Total members' interests
  

Loans and other debts due to members
 9 
(651,366)
(372,095)

Members' other interests
  
951,971
951,971

  
300,605
579,876


Page 1

 
GREENSPHERE CAPITAL LLP
REGISTERED NUMBER: OC361535
    
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 on 15 October 2024.




................................................
D Seshamani
Designated member

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GREENSPHERE CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Greensphere Capital LLP is a limited liability partnership, incorporated in England & Wales (registered number OC361535). Its principal place of business is 64 Knightsbridge, London, England, SW1X 7JF. The principal activity of the company continued to be that of investment advisory services.

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

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 3

 
GREENSPHERE CAPITAL 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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
4 years straight line
Bicycle
-
5 years straight line

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.

 
2.4

Debtors

Short-term 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.

 
2.5

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.

Page 4

 
GREENSPHERE CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
GREENSPHERE CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment
Bicycle
Total

£
£
£



Cost or valuation


At 1 April 2023
49,487
2,119
51,606


Additions
2,382
-
2,382



At 31 March 2024

51,869
2,119
53,988



Depreciation


At 1 April 2023
47,497
1,180
48,677


Charge for the year on owned assets
1,339
424
1,763



At 31 March 2024

48,836
1,604
50,440



Net book value



At 31 March 2024
3,033
515
3,548



At 31 March 2023
1,990
939
2,929


5.


Fixed asset investments





Unlisted investments

£





At 1 April 2023
115,543






Net book value



At 31 March 2024
115,543



At 31 March 2023
115,543

Page 6

 
GREENSPHERE CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
35,266
28,643

Other debtors
19,400
22,984

Prepayments and accrued income
5,883
8,592

60,549
60,219



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
154,562
424,395

154,562
424,395



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,028
15,770

Other taxation and social security
10,841
-

Other creditors
258
-

Accruals and deferred income
10,470
7,440

33,597
23,210


Page 7

 
GREENSPHERE CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(651,366)
(372,095)

(651,366)
(372,095)

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
(651,366)
(372,095)

(651,366)
(372,095)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 8