Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity2falsefalse OC358843 2022-11-01 2024-03-31 OC358843 2021-11-01 2022-10-31 OC358843 2024-03-31 OC358843 2022-10-31 OC358843 c:Buildings c:LongLeaseholdAssets 2022-11-01 2024-03-31 OC358843 c:Buildings c:LongLeaseholdAssets 2024-03-31 OC358843 c:Buildings c:LongLeaseholdAssets 2022-10-31 OC358843 c:PlantMachinery 2022-11-01 2024-03-31 OC358843 c:PlantMachinery 2024-03-31 OC358843 c:PlantMachinery 2022-10-31 OC358843 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC358843 c:FurnitureFittings 2022-11-01 2024-03-31 OC358843 c:FurnitureFittings 2024-03-31 OC358843 c:FurnitureFittings 2022-10-31 OC358843 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC358843 c:OfficeEquipment 2022-11-01 2024-03-31 OC358843 c:OfficeEquipment 2024-03-31 OC358843 c:OfficeEquipment 2022-10-31 OC358843 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC358843 c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC358843 c:CurrentFinancialInstruments 2024-03-31 OC358843 c:CurrentFinancialInstruments 2022-10-31 OC358843 c:Non-currentFinancialInstruments 2024-03-31 OC358843 c:Non-currentFinancialInstruments 2022-10-31 OC358843 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC358843 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 OC358843 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC358843 c:Non-currentFinancialInstruments c:AfterOneYear 2022-10-31 OC358843 d:FRS102 2022-11-01 2024-03-31 OC358843 d:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 OC358843 d:FullAccounts 2022-11-01 2024-03-31 OC358843 d:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 OC358843 c:WithinOneYear 2024-03-31 OC358843 c:WithinOneYear 2022-10-31 OC358843 c:BetweenOneFiveYears 2024-03-31 OC358843 c:BetweenOneFiveYears 2022-10-31 OC358843 2 2022-11-01 2024-03-31 OC358843 6 2022-11-01 2024-03-31 OC358843 d:PartnerLLP1 2022-11-01 2024-03-31 OC358843 e:PoundSterling 2022-11-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC358843










JSL-LPL LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
JSL-LPL LLP
REGISTERED NUMBER:OC358843

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 October
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
196,606
200,430

Investments
 5 
1,000
1,000

  
197,606
201,430

Current assets
  

Debtors: amounts falling due within one year
 6 
29,052
25,043

Bank and cash balances
  
4,365
11,197

  
33,417
36,240

Creditors: amounts falling due within one year
 7 
(7,645)
(20,453)

Net current assets
  
 
 
25,772
 
 
15,787

Total assets less current liabilities
  
223,378
217,217

Creditors: amounts falling due after more than one year
 8 
(6,481)
(8,245)

  

Net assets
  
216,897
208,972


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
216,897
208,972

  

  
216,897
208,972


Total members' interests
  

Loans and other debts due to members
  
216,897
208,972

  
216,897
208,972


Page 1

 
JSL-LPL LLP
REGISTERED NUMBER:OC358843
    
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 by: 




................................................
Mr J S Lenton
Designated member

Date: 24 September 2024

The notes on pages 3 to 9 form part of these financial statements.

JSL-LPL 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

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

JSL-LPL LLP (“the LLP”) is a Limited Liability Partnership, incorporated in England and Wales under the Companies Act. 
The registered number and address of the registered office are given in the information page.
The functional and presentational currency of the LLP is pounds sterling (£) and rounded to the nearest whole pound.

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

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.7

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 other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.8

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.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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 and the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the term of the lease
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
15% reducing balance
Office equipment
-
25% reducing balance

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

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in unlisted company 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 Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

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 .

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
Page 5

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are 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 Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a 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.

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

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 6

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 November 2022
224,349
3,396
4,664
2,796
235,205


Additions
-
-
-
387
387



At 31 March 2024

224,349
3,396
4,664
3,183
235,592



Depreciation


At 1 November 2022
27,121
2,374
3,491
1,789
34,775


Charge for the period on owned assets
3,210
290
249
462
4,211



At 31 March 2024

30,331
2,664
3,740
2,251
38,986



Net book value



At 31 March 2024
194,018
732
924
932
196,606



At 31 October 2022
197,228
1,022
1,173
1,007
200,430


5.


Fixed asset investments








Unlisted investments

£



Cost 


At 1 November 2022
1,000



At 31 March 2024
1,000




JSL-LPL LLP owns 5% of the share capital in Yaxley FC (Facilities) Limited. 

Page 7

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

31 March
31 October
2024
2022
£
£


Trade debtors
816
5,994

Other debtors
17,203
18,059

Prepayments and accrued income
11,033
990

29,052
25,043



7.


Creditors: Amounts falling due within one year

31 March
31 October
2024
2022
£
£

Bank loans
1,397
1,398

Trade creditors
3,247
123

Other taxation and social security
279
750

Other creditors
-
14,932

Accruals and deferred income
2,722
3,250

7,645
20,453



8.


Creditors: Amounts falling due after more than one year

31 March
31 October
2024
2022
£
£

Bank loans
6,481
8,245

6,481
8,245


Page 8

 
JSL-LPL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
31 October
2024
2022
£
£


Not later than 1 year
-
7,686

Later than 1 year and not later than 5 years
-
11,514

-
19,200


10.


Related party transactions

Included within other debtors is balance due from Yaxley FC (Facilities) Limited of £17,203 (2022: £17,859), a company the LLP owns shares in.

Page 9