Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseManagement purposes.22truetrue OC442826 2023-04-01 2024-03-31 OC442826 2024-03-31 OC442826 2022-06-24 2023-03-31 OC442826 2023-03-31 OC442826 c:OfficeEquipment 2023-04-01 2024-03-31 OC442826 c:OfficeEquipment 2024-03-31 OC442826 c:OfficeEquipment 2023-03-31 OC442826 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC442826 c:CurrentFinancialInstruments 2024-03-31 OC442826 c:CurrentFinancialInstruments 2023-03-31 OC442826 c:CurrentFinancialInstruments 2 2024-03-31 OC442826 c:CurrentFinancialInstruments 2 2023-03-31 OC442826 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC442826 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC442826 e:FRS102 2023-04-01 2024-03-31 OC442826 e:Audited 2023-04-01 2024-03-31 OC442826 e:FullAccounts 2023-04-01 2024-03-31 OC442826 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC442826 e:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC442826 e:PartnerLLP2 2023-04-01 2024-03-31 OC442826 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company Registration Number OC442826























ISARA CAPITAL MANAGEMENT LLP





FINANCIAL STATEMENTS





 31 MARCH 2024























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ISARA CAPITAL MANAGEMENT LLP
REGISTERED NUMBER: OC442826

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,073
6,590

  
5,073
6,590

Current assets
  

Debtors: amounts falling due within one year
 5 
341,842
971,607

Cash at bank and in hand
 6 
7,197
5,569

  
349,039
977,176

Creditors: Amounts Falling Due Within One Year
 7 
(354,112)
(983,766)

Net current liabilities
  
 
 
(5,073)
 
 
(6,590)

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Represented by:
  

  


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(332,875)
(88,218)

  
(332,875)
(88,218)


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

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: 




................................................
A C Lawrence on behalf of Isara Capital Limited
Designated member

Date: 30 October 2024

The notes on pages 4 to 7 form part of these financial statements.
Page 1

 
ISARA CAPITAL MANAGEMENT LLP
REGISTERED NUMBER: OC442826

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


Isara Capital Management 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

 
ISARA CAPITAL MANAGEMENT LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Profit for the year available for discretionary division among members
 
19,074
19,074
-
-
19,074

Members' interests after profit for the year
19,074
19,074
-
-
19,074

Movement in reserves
(19,074)
(19,074)
-
-
(19,074)

Drawings on account and distribution of profit
-
-
(88,218)
(88,218)
(88,218)

Amounts due from members
 


(88,218)
(88,218)


Balance at 31 March 2023
-
-
(88,218)
(88,218)
(88,218)

Drawings on account and distribution of profit
-
-
(244,657)
(244,657)
(244,657)

Amounts due from members
 


(332,875)
(332,875)


Balance at 31 March 2024 
-
-
(332,875)
(332,875)
(332,875)

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

 
ISARA CAPITAL MANAGEMENT LLP
 

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

1.


General information

Isara Capital Management LLP (defined LLP) is a limited liability partnership incorporated in England and Wales, with the registered number OC442826.

The LLP's registered office address is Magnavale House, Park Road, Holmewood Industrial Park, Chesterfield, S42 5UY.

These financial statements have been presented in Pound Sterling ('£') as this is the currency of the primary economic environment in which the LLP operates.

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

Going concern

The financial statements have been prepared on a going concern basis. Although the LLP is in the start up phase following incorporation with minimal revenue and modest administrative costs recognised, the future plans include services connected to investments into UK and Western Europe domiciled food businesses. Until such time as the LLP is profitable the wider Sadel group will continue to fund the operations of Isara Capital Management LLP.

 
2.3

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.

 
2.4

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.

 
2.5

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.

Page 4

 
ISARA CAPITAL MANAGEMENT LLP
 

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Office equipment
-
33%
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.

 
2.7

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.

 
2.8

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).

Page 5

 
ISARA CAPITAL MANAGEMENT LLP
 

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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
9,244


Additions
1,896



At 31 March 2024

11,140



Depreciation


At 1 April 2023
2,654


Charge for the year on owned assets
3,413



At 31 March 2024

6,067



Net book value



At 31 March 2024
5,073



At 31 March 2023
6,590


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
741,884

Other debtors
4,550
8,270

Prepayments
4,417
-

VAT receivable
-
133,235

Amounts due from members
332,875
88,218

341,842
971,607


Amounts owed by group undertakings are interest free and repayable on demand.

Page 6

 
ISARA CAPITAL MANAGEMENT LLP
 

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

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,197
5,569

7,197
5,569



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,815
-

Amounts owed to group undertakings
45,974
200,125

Amounts owed to companies under common control
287,249
764,103

Other taxation and social security
10,362
7,999

Accruals and deferred income
7,712
11,539

354,112
983,766



8.


Controlling party

The ultimate controlling party is S Lawrence.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 30 October 2024 by Steven Williams (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.


Page 7