Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01No description of principal activityfalse6falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC444525 2022-11-30 OC444525 2022-12-01 2023-11-30 OC444525 2021-12-01 2022-11-30 OC444525 2023-11-30 OC444525 c:CurrentFinancialInstruments 2023-11-30 OC444525 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 OC444525 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 OC444525 d:FRS102 2022-12-01 2023-11-30 OC444525 d:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 OC444525 d:FullAccounts 2022-12-01 2023-11-30 OC444525 d:LimitedLiabilityPartnershipLLP 2022-12-01 2023-11-30 OC444525 2 2022-12-01 2023-11-30 OC444525 6 2022-12-01 2023-11-30 OC444525 d:PartnerLLP5 2022-12-01 2023-11-30 OC444525 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-11-30 OC444525 c:FurtherSpecificReserve3ComponentTotalEquity 2023-11-30 OC444525 e:USDollar 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: OC444525









CASA DE PIEDRA LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
CASA DE PIEDRA LLP
REGISTERED NUMBER: OC444525

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
Note
$

Fixed assets
  

Investments
 4 
2,010,999

  
2,010,999

Current assets
  

Cash at bank and in hand
 5 
83,241

  
83,241

Creditors: Amounts Falling Due Within One Year
 6 
(2,750)

Net current assets
  
 
 
80,491

Total assets less current liabilities
  
2,091,490

  

Net assets
  
2,091,490


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
2,091,430

  
2,091,430

Members' other interests
  

Members' capital classified as equity
  
60

  
 
60

  
2,091,490


Total members' interests
  

Loans and other debts due to members
 8 
2,091,430

Members' other interests
  
60

  
2,091,490


Page 1

 
CASA DE PIEDRA LLP
REGISTERED NUMBER: OC444525
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 by: 




J P T Kast
Designated Member

Date: 31 October 2024

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

Casa De Piedra 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

 
CASA DE PIEDRA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

 Casa de piedra LLP is a limited liability partnership incorporated in England. The registered office is
101 New Cavendish Street, 1st Floor South, London, England, United Kingdom, W1W 6XH.
The financial statements are presented in USD, which is the functional currency of the LLP.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

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 .

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

Page 3

 
CASA DE PIEDRA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 4

 
CASA DE PIEDRA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees




The average monthly number of persons (including Members with contracts of employment) employed during the year was as follows:


        2023
            No.






Employees
6


4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Other fixed asset investments
Total

$
$
$
$



Cost or valuation


Additions
300,000
1,391,058
246,000
1,937,058


Revaluations
-
73,941
-
73,941



At 30 November 2023
300,000
1,464,999
246,000
2,010,999





5.


Cash and cash equivalents

2023
$

Cash at bank and in hand
83,241

83,241



6.


Creditors: Amounts falling due within one year

2023
$

Accruals and deferred income
2,750

2,750


Page 5

 
CASA DE PIEDRA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Financial instruments

2023
$

Financial assets


Financial assets measured at fair value through profit or loss
2,094,240




Financial assets measured at fair value through profit or loss comprise of cash at bank and fixed asset investments.


8.


Loans and other debts due to members


2023
$



Other amounts due to members
2,091,430

2,091,430

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

2023
$



Falling due within one year
2,091,430

2,091,430

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

 
Page 6