Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01No description of principal activity55falsetruefalse OC428420 2023-01-01 2023-12-31 OC428420 2022-01-01 2022-12-31 OC428420 2023-12-31 OC428420 2022-12-31 OC428420 c:CurrentFinancialInstruments 2023-12-31 OC428420 c:CurrentFinancialInstruments 2022-12-31 OC428420 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC428420 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC428420 d:FRS102 2023-01-01 2023-12-31 OC428420 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC428420 d:FullAccounts 2023-01-01 2023-12-31 OC428420 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC428420 c:WithinOneYear 2023-12-31 OC428420 c:WithinOneYear 2022-12-31 OC428420 c:BetweenOneFiveYears 2023-12-31 OC428420 c:BetweenOneFiveYears 2022-12-31 OC428420 d:PartnerLLP1 2023-01-01 2023-12-31 OC428420 d:PartnerLLP2 2023-01-01 2023-12-31 OC428420 d:PartnerLLP3 2023-01-01 2023-12-31 OC428420 d:PartnerLLP4 2023-01-01 2023-12-31 OC428420 d:PartnerLLP5 2023-01-01 2023-12-31 OC428420 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC428420 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC428420 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: OC428420







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


MERCATOR GROUP LLP






































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MERCATOR GROUP LLP
 



INFORMATION




Designated Members

M G Churchouse
M F Clemens

Members

S L Bennett
M P Drewitt
S K Thomas

LLP registered number

OC428420

Registered office

Mercator House
London Road
Crowborough
East Sussex
TN6 2TT

Accountants

Menzies LLP
Chartered Accountants
Magna House 2nd Floor
18-32 London Road
Staines
Surrey
TW18 4BP


 


MERCATOR GROUP LLP
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5

 


MERCATOR GROUP LLP
REGISTERED NUMBER:OC428420



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
89,826
81,665

Cash at bank and in hand
  
69,409
75,317

  
159,235
156,982

Creditors: Amounts Falling Due Within One Year
 5 
(23,443)
(72,984)

Net current assets
  
 
 
135,792
 
 
83,998

Total assets less current liabilities
  
135,792
83,998

  

Net assets
  
135,792
83,998


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
135,792
83,998

  
135,792
83,998

  

  
135,792
83,998


Total members' interests
  

Loans and other debts due to members
 6 
135,792
83,998

  
135,792
83,998


Page 1

 


MERCATOR GROUP LLP
REGISTERED NUMBER:OC428420


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income statement 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: 


M G Churchouse
Designated member

Date: 21 October 2024

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 


MERCATOR GROUP LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Mercator Group LLP is a limited liability partnership registered in England and Wales. The company’s registered number and registered office can be found on the Company Information page.
The financial statements are presented in sterling which is the functional currency of the company and 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 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

Turnover

The principle activity of the LLP continued to be of that of consultancy and management services. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
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

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.

Page 3

 


MERCATOR GROUP LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.5

Members participation rights

Members' participation rights are the right of a member against the LLP that arise under the member's agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 102 (Section 1A). A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Income Statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Income Statement and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same was as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the balance sheet within 'Loans and other debts due to members' and are charges to the Income Statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.


3.


Employees




The average monthly number of employees, including members, during the year was 5 (2022 - 5).


4.


Debtors

2023
2022
£
£


Trade debtors
32,745
75,164

Other debtors
-
6,501

Prepayments and accrued income
57,081
-

89,826
81,665


Page 4

 


MERCATOR GROUP LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,742
61,153

Other taxation and social security
16,701
11,831

23,443
72,984



6.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
135,792
83,998

135,792
83,998

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

2023
2022
£
£



Falling due within one year
135,792
83,998

135,792
83,998

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


7.


Commitments under operating leases

At 31 December 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
28,089
-

Later than 1 year and not later than 5 years
25,775
-

53,864
-

 
Page 5