Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31260300026030002023-02-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC397514 2023-02-01 2024-01-31 OC397514 2022-02-01 2023-01-31 OC397514 2024-01-31 OC397514 2023-01-31 OC397514 c:FreeholdInvestmentProperty 2024-01-31 OC397514 c:FreeholdInvestmentProperty 2023-01-31 OC397514 c:LeaseholdInvestmentProperty 2024-01-31 OC397514 c:LeaseholdInvestmentProperty 2023-01-31 OC397514 c:CurrentFinancialInstruments 2024-01-31 OC397514 c:CurrentFinancialInstruments 2023-01-31 OC397514 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 OC397514 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 OC397514 d:FRS102 2023-02-01 2024-01-31 OC397514 d:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 OC397514 d:FullAccounts 2023-02-01 2024-01-31 OC397514 d:LimitedLiabilityPartnershipLLP 2023-02-01 2024-01-31 OC397514 d:PartnerLLP1 2023-02-01 2024-01-31 OC397514 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-01-31 OC397514 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-01-31 OC397514 c:FurtherSpecificReserve2ComponentTotalEquity 2024-01-31 OC397514 c:FurtherSpecificReserve2ComponentTotalEquity 2023-01-31 OC397514 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: OC397514









RLMR LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
RLMR LLP
REGISTERED NUMBER: OC397514

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,301,500
1,301,500

  
1,301,500
1,301,500

Current assets
  

Debtors: amounts falling due within one year
 5 
3,067
2,450

Cash at bank and in hand
 6 
10,203
13,609

  
13,270
16,059

Creditors: Amounts Falling Due Within One Year
 7 
(2,131)
(1,902)

Net current assets
  
 
 
11,139
 
 
14,157

Total assets less current liabilities
  
1,312,639
1,315,657

  

Net assets
  
1,312,639
1,315,657


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,110,109
1,116,007

Other reserves classified as equity
  
202,530
199,650

  
 
1,312,639
 
1,315,657

  
1,312,639
1,315,657


Total members' interests
  

Members' other interests
  
1,312,639
1,315,657

  
1,312,639
1,315,657


Page 1

 
RLMR LLP
REGISTERED NUMBER: OC397514
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 on 29 October 2024.




................................................
Ross Goody
Designated member

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

RLMR 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

 
RLMR LLP
 

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





EQUITY
Members' other interests
Members' capital (classified as equity)
Other reserves
Total

£
£
£

Balance at 31 January 2023
1,116,007
199,650
1,315,657

Profit for the Year available for discretionary division among members
 
-
2,880
2,880

Members' interests after profit for the Year
1,116,007
202,530
1,318,537

Repayment of capital
(5,898)
-
(5,898)

Balance at 31 January 2024 
1,110,109
202,530
1,312,639

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

 
RLMR LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The legal form of the entity is a limited liability partnership registered in England and Wales and the registered address is Unit 3 Bradburys Court, Lyon Road, Harrow HA1 2BY.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 4

 
RLMR LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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 4 (2023 - 4).

Page 5

 
RLMR LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 February 2023
445,000
856,500
1,301,500



At 31 January 2024
445,000
856,500
1,301,500

The 2024 valuations were made by the designated members, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 February 2023
197,892
424,232

Net deficit in movement properties
-
(226,340)

At 31 January 2024
197,892
197,892



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,103,608
1,103,608

1,103,608
1,103,608

In order for the financial statement to give a true and fair view, the designated members would not have depreciated the fixed assets investments under the historic cost accounting rules due to the investment properties having a very long residual life and high residual value.


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
3,067
2,450

3,067
2,450


Page 6

 
RLMR LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,203
13,609

10,203
13,609



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
2,131
1,902

2,131
1,902



8.


Hire purchase and finance leases


2024
2023
£
£

 
-
 
-

 
Page 7