Caseware UK (AP4) 2023.0.135 2023.0.135 false20true2023-05-01falseNo description of principal activity21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC331806 2023-05-01 2024-03-31 OC331806 2022-05-01 2023-04-30 OC331806 2024-03-31 OC331806 2023-04-30 OC331806 c:FurnitureFittings 2023-05-01 2024-03-31 OC331806 c:FurnitureFittings 2024-03-31 OC331806 c:FurnitureFittings 2023-04-30 OC331806 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC331806 c:OfficeEquipment 2023-05-01 2024-03-31 OC331806 c:OfficeEquipment 2024-03-31 OC331806 c:OfficeEquipment 2023-04-30 OC331806 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC331806 c:ComputerEquipment 2023-05-01 2024-03-31 OC331806 c:ComputerEquipment 2024-03-31 OC331806 c:ComputerEquipment 2023-04-30 OC331806 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC331806 c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC331806 c:CurrentFinancialInstruments 2024-03-31 OC331806 c:CurrentFinancialInstruments 2023-04-30 OC331806 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC331806 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC331806 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC331806 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 OC331806 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC331806 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-30 OC331806 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC331806 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-04-30 OC331806 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 OC331806 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-30 OC331806 d:FRS102 2023-05-01 2024-03-31 OC331806 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 OC331806 d:FullAccounts 2023-05-01 2024-03-31 OC331806 d:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 OC331806 c:WithinOneYear 2024-03-31 OC331806 c:WithinOneYear 2023-04-30 OC331806 c:BetweenOneFiveYears 2024-03-31 OC331806 c:BetweenOneFiveYears 2023-04-30 OC331806 2 2023-05-01 2024-03-31 OC331806 6 2023-05-01 2024-03-31 OC331806 d:PartnerLLP1 2023-05-01 2024-03-31 OC331806 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC331806 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC331806 e:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure


















CM Murray LLP























Unaudited

Financial statements



For the period ended 31 March 2024



Registered number: OC331806

 
CM Murray LLP - Registered number:OC331806


Statement of financial position
As at 31 March 2024

31 March
31 March
30 April
30 April
2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
17,603
22,828

Investments
 5 
1
1

  
17,604
22,829

Current assets
  

Debtors: amounts falling due within one year
 6 
1,884,112
1,080,114

Bank and cash balances
  
644,033
866,121

  
2,528,145
1,946,235

Creditors: amounts falling due within one year
 7 
(747,006)
(618,966)

Net current assets
  
 
 
1,781,139
 
 
1,327,269

Total assets less current liabilities
  
1,798,743
1,350,098

Creditors: amounts falling due after more than one year
  
(166,667)
(258,333)

  
1,632,076
1,091,765

Provisions for liabilities
  

Other provisions
 9 
(25,000)
(25,000)

  
 
 
(25,000)
 
 
(25,000)

Net assets
  
1,607,076
1,066,765

Page 1

 
CM Murray LLP - Registered number:OC331806


Statement of financial position (continued)
As at 31 March 2024

31 March
31 March
30 April
30 April
2024
2024
2023
2023
Note
£
£
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
654,660
622,910

Other amounts
 10 
952,416
443,855

  
1,607,076
1,066,765

  

  
1,607,076
1,066,765


Total members' interests
  

Loans and other debts due to members
 10 
1,607,076
1,066,765

  
1,607,076
1,066,765


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: 




................................................
C Murray
Designated member

Date: 18 October 2024

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

Page 2

 
CM Murray LLP
 
 

Notes to the financial statements
For the period ended 31 March 2024

1.


General information

CM Murray LLP is a limited liability partnership incorporated in England and Wales. Its LLP registration number is OC331806. The registered office and principal place of business of the LLP is 36-38 Cornhill, First Floor, London, EC3V 3NG.

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 Republic of Ireland', ('FRS 102') and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of engagement. Unbilled turnover is included within debtors as accrued income.

 
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.

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:

Fixtures and fittings
-
25%
Office equipment
-
25%
Computer equipment
-
33%

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 3

 
CM Murray LLP
 

Notes to the financial statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The LLP only enters into basic financial instruments 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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.9

Foreign currency translation

Functional and presentational currency
The LLP's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate.

 
2.10

Members' remuneration

Profits attributable to members are determined, allocated and divided between members after the year and
until that time are included within members' other interests. Any drawings paid in respect of those profits are
included within debtors.

Provided that there are sufficient profits, the LLP agreement provides that fixed amounts, determined for
some members each year, be paid to members irrespective of the overall profits of the LLP, which are subject to abatement if the profits are insufficient to cover them.

Members' profit shares are included as an expense in the profit and loss account after arriving at "profit for
the financial year before members' remuneration and profit shares.

The terms of the members' agreement requires that the capital be returned to a member on his or her
retirement. It is accordingly accounted for as liabilities in the LLP.

Page 4

 
CM Murray LLP
 

Notes to the financial statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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 accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.14

Interest income

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

 
2.15

Borrowing costs

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

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the LLP a legal or constructive obligation that
probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the
amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the LLP becomes aware of the
obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle
the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial
position.

  
2.17

Taxation

Taxation of all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial statements.

Page 5

 
CM Murray LLP
 
 

Notes to the financial statements
For the period ended 31 March 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 20 (2023 - 21).


4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
69,845
3,620
74,194
147,659


Additions
747
556
6,997
8,300



At 31 March 2024

70,592
4,176
81,191
155,959



Depreciation


At 1 May 2023
60,179
2,951
61,701
124,831


Charge for the period on owned assets
4,982
304
8,239
13,525



At 31 March 2024

65,161
3,255
69,940
138,356



Net book value



At 31 March 2024
5,431
921
11,251
17,603



At 30 April 2023
9,666
669
12,493
22,828


5.


Fixed asset investments








Investments in subsidiary company

£



Cost


At 1 May 2023
1



At 31 March 2024
1




Page 6

 
CM Murray LLP
 
 

Notes to the financial statements
For the period ended 31 March 2024

6.


Debtors

31 March
30 April
2024
2023
£
£


Trade debtors
1,648,837
907,385

Amounts owed by group undertakings
82,046
90,614

Prepayments and accrued income
152,097
75,669

Amounts recoverable on contracts
1,132
6,446

1,884,112
1,080,114



7.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Bank loans
100,000
100,000

Trade creditors
229,884
268,566

Other taxation and social security
284,777
207,409

Other creditors
82,180
5,014

Accruals
50,165
37,977

747,006
618,966


The bank loan is secured by a debenture granted by CM Murray LLP.

Page 7

 
CM Murray LLP
 
 

Notes to the financial statements
For the period ended 31 March 2024

8.


Loans


Analysis of the maturity of loans is given below:


31 March
30 April
2024
2023
£
£

Amounts falling due within one year

Bank loans
100,000
100,000


100,000
100,000

Amounts falling due 1-2 years

Bank loans
100,000
100,000


100,000
100,000

Amounts falling due 2-5 years

Bank loans
66,667
158,333


66,667
158,333


266,667
358,333



9.


Provisions








Dilapidations provision

£





At 1 May 2023
25,000



At 31 March 2024
25,000

Page 8

 
CM Murray LLP
 
 

Notes to the financial statements
For the period ended 31 March 2024

10.


Loans and other debts due to members


31 March
30 April
2024
2023
£
£



Members' capital treated as debt
654,660
622,910

Other amounts due to members
952,416
443,855

1,607,076
1,066,765

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




11.


Pension commitments

The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The charge for the year was £37,196 (2023: £20,301) and at 31 March 2024, there were unpaid contributions payable to the fund totaling £nil (2023: £5,014).


12.


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
30 April
2024
2023
£
£


Not later than 1 year
95,891
143,837

Later than 1 year and not later than 5 years
359,593
59,932

455,484
203,769


13.


Controlling party

In the opinion of the members, C M Murray is the controlling party.


Page 9