Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity22truefalse OC319610 2023-04-01 2024-03-31 OC319610 2022-04-01 2023-03-31 OC319610 2024-03-31 OC319610 2023-03-31 OC319610 c:Buildings c:LongLeaseholdAssets 2023-04-01 2024-03-31 OC319610 c:Buildings c:LongLeaseholdAssets 2024-03-31 OC319610 c:Buildings c:LongLeaseholdAssets 2023-03-31 OC319610 c:OfficeEquipment 2023-04-01 2024-03-31 OC319610 c:OfficeEquipment 2024-03-31 OC319610 c:OfficeEquipment 2023-03-31 OC319610 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC319610 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC319610 c:CurrentFinancialInstruments 2024-03-31 OC319610 c:CurrentFinancialInstruments 2023-03-31 OC319610 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC319610 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC319610 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC319610 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC319610 d:FRS102 2023-04-01 2024-03-31 OC319610 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC319610 d:FullAccounts 2023-04-01 2024-03-31 OC319610 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC319610 d:PartnerLLP1 2023-04-01 2024-03-31 OC319610 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC319610 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC319610 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC319610









STENIG LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
STENIG LLP
REGISTERED NUMBER: OC319610

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,771
3,810

  
1,771
3,810

Current assets
  

Debtors: amounts falling due within one year
 5 
2,153
3,953

Cash at bank and in hand
  
5,661
23,449

  
7,814
27,402

Creditors: Amounts Falling Due Within One Year
 6 
(81,848)
(99,765)

Net current liabilities
  
 
 
(74,034)
 
 
(72,363)

Total assets less current liabilities
  
(72,263)
(68,553)

Creditors: amounts falling due after more than one year
  
(30,014)
(35,813)

  
(102,277)
(104,366)

  

Net liabilities
  
(102,277)
(104,366)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
(102,277)
(104,366)

  
(102,277)
(104,366)

  

  
(102,277)
(104,366)


Total members' interests
  

Loans and other debts due to members
 7 
(102,277)
(104,366)

  
(102,277)
(104,366)


Page 1

 
STENIG LLP
REGISTERED NUMBER: OC319610
    
STATEMENT OF FINANCIAL POSITION (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: 






................................................
S Altman
Designated member

Date: 25 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Stenig 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

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

1.


General information

Stenig LLP is a limited liability partnership incorporated in England & Wales (registered number: OC319610).  Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the limited liability partnership.
The principal activity of the company continued to be management consultancy.

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

Borrowing costs

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

Page 3

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

2.Accounting policies (continued)

 
2.4

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 .

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property improvements
-
10% straight line
Office equipment
-
25% 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.

 
2.6

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.

Page 4

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

2.Accounting policies (continued)

 
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.


3.


Employees

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


4.


Tangible fixed assets





Leasehold property improvements
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
6,228
22,998
29,226



At 31 March 2024

6,228
22,998
29,226



Depreciation


At 1 April 2023
5,107
20,309
25,416


Charge for the year on owned assets
623
1,416
2,039



At 31 March 2024

5,730
21,725
27,455



Net book value



At 31 March 2024
498
1,273
1,771



At 31 March 2023
1,121
2,689
3,810



Page 5

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

5.


Debtors

2024
2023
£
£


Other debtors
2,151
3,953

2,151
3,953



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,212
7,212

Trade creditors
12,611
19,928

Other creditors
56,850
67,500

Accruals and deferred income
5,175
5,125

81,848
99,765



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(102,277)
(104,366)

(102,277)
(104,366)

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

2024
2023
£
£



Falling due within one year
(102,277)
(104,366)

(102,277)
(104,366)

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

 
Page 6