Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falsetruefalseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC327126 2022-11-01 2023-10-31 OC327126 2021-11-01 2022-10-31 OC327126 2023-10-31 OC327126 2022-10-31 OC327126 c:FurnitureFittings 2023-10-31 OC327126 c:FurnitureFittings 2022-10-31 OC327126 c:OfficeEquipment 2023-10-31 OC327126 c:OfficeEquipment 2022-10-31 OC327126 c:CurrentFinancialInstruments 2023-10-31 OC327126 c:CurrentFinancialInstruments 2022-10-31 OC327126 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 OC327126 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 OC327126 d:FRS102 2022-11-01 2023-10-31 OC327126 d:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 OC327126 d:FullAccounts 2022-11-01 2023-10-31 OC327126 d:LimitedLiabilityPartnershipLLP 2022-11-01 2023-10-31 OC327126 d:PartnerLLP1 2022-11-01 2023-10-31 OC327126 c:FurtherSpecificReserve3ComponentTotalEquity 2023-10-31 OC327126 c:FurtherSpecificReserve3ComponentTotalEquity 2022-10-31 OC327126 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: OC327126









SHEERION LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SHEERION LLP
REGISTERED NUMBER: OC327126

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
69
9,389

Creditors: amounts falling due within one year
 6 
-
(8,800)

Net current assets
  
 
 
69
 
 
589

Total assets less current liabilities
  
69
589

  

Net assets
  
69
589


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
69
589

  
69
589

  

  
69
589


Total members' interests
  

Loans and other debts due to members
 7 
69
589

  
69
589


Page 1

 
SHEERION LLP
REGISTERED NUMBER: OC327126
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 profit and loss account 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 on 3 September 2024.




Mr D Sharpe
Designated member

The notes on pages 4 to 6 form part of these financial statements.

Sheerion 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

 
SHEERION LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 OCTOBER 2023




DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts
Total

£
£

Amounts due to members 

7,710
7,710

Balance at 1 November 2021 
7,710
7,710

Members' remuneration charged as an expense
 
(7,121)
(7,121)

Members' interests after profit for the year
589
589

Amounts due to members
 
589
589

Balance at 31 October 2022
589
589

Members' remuneration charged as an expense
 
8,800
8,800

Members' interests after profit for the year
9,389
9,389

Drawings on account and distribution of profit
 
(9,320)
(9,320)

Amounts due to members
 
69
69

Balance at 31 October 2023 
69
69

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
SHEERION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Sheerion LLP ("the LLP") is a limited liability partnership and is incorporated in England and Wales. The address of its registered office is 7 Castle Quay Business Park, Castle Boulevard, Nottingham, Nottinghamshire, England, NG7 1FW.

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

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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.3

Debtors

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

 
2.4

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

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

Page 4

 
SHEERION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
14,397
1,490
15,887



At 31 October 2023

14,397
1,490
15,887



Depreciation


At 1 November 2022
14,397
1,490
15,887



At 31 October 2023

14,397
1,490
15,887



Net book value



At 31 October 2023
-
-
-



At 31 October 2022
-
-
-

Page 5

 
SHEERION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
69
9,389



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
-
8,800



7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
69
589

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

2023
2022
£
£



Falling due within one year
69
589

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


8.


Related party transactions

At the year end, amounts due from connected companies, all of which are connected by virtue of having directors or members in common amounted to £nil (2022 - £9,320) shown within other debtors.
At the year end, amounts due to connected companies, all of which are connected by virtue of having directors or members in common amounted to £nil 
(2022 - £8,800) shown within other creditors.

 
Page 6