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REGISTERED NUMBER: OC361785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CSquared Real Estate LLP

CSquared Real Estate LLP (Registered number: OC361785)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CSquared Real Estate LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M N Evitts
M D Ware
A H Lloyd
N J Williams
E R Le Masurier
A J Kimpton





REGISTERED OFFICE: 82 Walcot Street
Bath
BA1 5BD





REGISTERED NUMBER: OC361785 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

CSquared Real Estate LLP (Registered number: OC361785)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 775 7,480
Tangible assets 5 233,119 266,502
Investments 6 49,300 49,300
283,194 323,282

CURRENT ASSETS
Debtors 7 694,810 802,509
Cash at bank 139,431 399,532
834,241 1,202,041
CREDITORS
Amounts falling due within one year 8 462,730 750,579
NET CURRENT ASSETS 371,511 451,462
TOTAL ASSETS LESS CURRENT LIABILITIES 654,705 774,744

CREDITORS
Amounts falling due after more than one
year

9

95,488

121,340
NET ASSETS ATTRIBUTABLE TO MEMBERS 559,217 653,404

LOANS AND OTHER DEBTS DUE TO
MEMBERS

377,417

471,604

MEMBERS' OTHER INTERESTS
Capital accounts 181,800 181,800
559,217 653,404

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 377,417 471,604
Members' other interests 181,800 181,800
559,217 653,404

CSquared Real Estate LLP (Registered number: OC361785)

Balance Sheet - continued
31 March 2024


The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15 October 2024 and were signed by:





A H Lloyd - Designated member

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CSquared Real Estate LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

There have been no material departures from the Financial Reporting Standard 102 1A.

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Long leasehold - 20% on cost and 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 22 (2023 - 17 ) .

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 28,561
AMORTISATION
At 1 April 2023 21,081
Charge for year 6,705
At 31 March 2024 27,786
NET BOOK VALUE
At 31 March 2024 775
At 31 March 2023 7,480

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 208,219 5,526 25,492 50,851 290,088
Additions - 1,127 3,652 9,177 13,956
Disposals - (26 ) - (1,632 ) (1,658 )
At 31 March 2024 208,219 6,627 29,144 58,396 302,386
DEPRECIATION
At 1 April 2023 5,938 911 6,078 10,659 23,586
Charge for year 25,339 1,565 6,340 13,978 47,222
Eliminated on disposal - (7 ) - (1,534 ) (1,541 )
At 31 March 2024 31,277 2,469 12,418 23,103 69,267
NET BOOK VALUE
At 31 March 2024 176,942 4,158 16,726 35,293 233,119
At 31 March 2023 202,281 4,615 19,414 40,192 266,502

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 49,300
NET BOOK VALUE
At 31 March 2024 49,300
At 31 March 2023 49,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 534,679 750,364
Other debtors 160,131 52,145
694,810 802,509

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 26,955 26,531
Trade creditors 129,079 154,416
Amounts owed to group undertakings 26,503 24,980
Taxation and social security 198,499 219,055
Other creditors 81,694 325,597
462,730 750,579

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 95,488 121,340

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 122,443 147,871

The bank loan is secured by way of fixed and floating charges over the assets of the company.

11. PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £7,914 (2023 - £3,734) were payable to the fund at the reporting date.

12. OFF BALANCE SHEET COMMITMENTS

At the year end the LLP had future minimum lease payments due under non-cancellable operating leases totalling £377,515 (2023 - £472,570).

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. RELATED PARTY DISCLOSURES

Loans from related parties



Other related
parties


Total
2024 £ £
At start of period 55,400 55,400
Advanced - -
Repaid (20,000 ) (20,000 )
At end of period 35,400 35,400


Other related
parties


Total
2023 £ £
At start of period 2,400 2,400
Advanced 55,400 55,400
Repaid (2,400 ) (2,400 )
At end of period 55,400 55,400

Loans from other related parties are interest free and repayable on demand.

CSquared Real Estate LLP (Registered number: OC361785)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Other related
parties


Total
2024 £ £
At start of period 75 75
Advanced - -
Repaid (75 ) (75 )
At end of period - -


Other related
parties


Total
2023 £ £
At start of period 2,356 2,356
Advanced - -
Repaid (2,281 ) (2,281 )
At end of period 75 75

Loans to other related parties are interest free and repayable on demand.