Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-01-01falseNo description of principal activity5true5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC403121 2023-01-01 2024-03-31 OC403121 2024-03-31 OC403121 2022-01-01 2022-12-31 OC403121 2022-12-31 OC403121 c:OfficeEquipment 2023-01-01 2024-03-31 OC403121 c:OfficeEquipment 2024-03-31 OC403121 c:OfficeEquipment 2022-12-31 OC403121 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 OC403121 c:CurrentFinancialInstruments 2024-03-31 OC403121 c:CurrentFinancialInstruments 2022-12-31 OC403121 c:CurrentFinancialInstruments 2 2024-03-31 OC403121 c:CurrentFinancialInstruments 2 2022-12-31 OC403121 c:Non-currentFinancialInstruments 2024-03-31 OC403121 c:Non-currentFinancialInstruments 2022-12-31 OC403121 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC403121 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC403121 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC403121 c:Non-currentFinancialInstruments c:AfterOneYear 2022-12-31 OC403121 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC403121 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-12-31 OC403121 e:FRS102 2023-01-01 2024-03-31 OC403121 e:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 OC403121 e:FullAccounts 2023-01-01 2024-03-31 OC403121 e:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-31 OC403121 c:WithinOneYear 2024-03-31 OC403121 c:WithinOneYear 2022-12-31 OC403121 c:BetweenOneFiveYears 2024-03-31 OC403121 c:BetweenOneFiveYears 2022-12-31 OC403121 2 2023-01-01 2024-03-31 OC403121 e:PartnerLLP1 2023-01-01 2024-03-31 OC403121 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC403121 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC403121 f:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:pure

Company Registration Number OC403121























LESTER CAMPBELL LLP





UNAUDITED
FINANCIAL STATEMENTS





 31 MARCH 2024























img3d79.png

 
LESTER CAMPBELL LLP
REGISTERED NUMBER: OC403121

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,329
4,037

  
4,329
4,037

Current assets
  

Debtors: amounts falling due within one year
 5 
163,548
183,392

Cash at bank and in hand
  
147,660
38,452

  
311,208
221,844

Creditors: Amounts Falling Due Within One Year
 6 
(116,736)
(91,473)

Net current assets
  
 
 
194,472
 
 
130,371

Total assets less current liabilities
  
198,801
134,408

Creditors: amounts falling due after more than one year
 7 
(58,545)
(84,325)

  
140,256
50,083

  

Net assets
  
140,256
50,083


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
65,724
50,083

Other amounts
 9 
74,532
-

  
140,256
50,083

  

  
140,256
50,083


Total members' interests
  

Amounts due from members (included in debtors)
 5 
-
(35,264)

Loans and other debts due to members
 9 
140,256
50,083

  
140,256
14,819


Page 1

 
LESTER CAMPBELL LLP
REGISTERED NUMBER: OC403121

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 on 21 August 2024.




Jade Campbell
Designated Member

The notes on pages 3 to 9 form part of these financial statements.

Lester Campbell 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

 
LESTER CAMPBELL LLP
 

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

1.


General information

The entity is a limited liability partnership incorporated and domiciled in England. The entity is a tax resident in England.
The principal activity of the partnership is that of the provision of legal services as regulated by the Solicitors Regulation Authority.
Lester Campbell LLP operates from its registered office of 15 Park Place, Leeds, West Yorkshire, LS1 2SJ with registration number OC403121.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in th UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liabiliy Partnerships".

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.

Revenue is not recognised on contingent services until the contingency is virtually certain.

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
LESTER CAMPBELL LLP
 

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

2.Accounting policies (continued)

  
2.5

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS102 'the Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships'. A member's participation rights results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classified as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profit, as described above, according to whether the LLP has, in each case, an unconditional right too refuse payment.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

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

 
2.8

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.

Page 4

 
LESTER CAMPBELL LLP
 

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

2.Accounting policies (continued)

 
2.9

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 .

 
2.10

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.

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
-
20% 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
LESTER CAMPBELL LLP
 

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

2.Accounting policies (continued)

 
2.14

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

2024
2022
£
£

Wages and salaries
139,186
118,166

Social security costs
3,983
4,961

Cost of defined contribution scheme
2,809
2,514

145,978
125,641


The average monthly number of employees, including directors, during the period was 5 (2022 - 5).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 January 2023
19,502


Additions
2,320



At 31 March 2024

21,822



Depreciation


At 1 January 2023
15,465


Charge for the period on owned assets
2,028



At 31 March 2024

17,493



Net book value



At 31 March 2024
4,329



At 31 December 2022
4,037

Page 6

 
LESTER CAMPBELL LLP
 

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

5.


Debtors

31 March
31 December
2024
2022
£
£


Trade debtors
46,452
44,328

Other debtors
75,866
38,077

Prepayments and accrued income
41,230
65,721

Due from LLP Members
-
35,264

163,548
183,390



6.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Bank loans
5,533
3,323

Other loans
16,000
16,000

Trade creditors
64,790
45,122

Other taxation and social security
17,950
13,361

Other creditors
2,183
4,257

Accruals and deferred income
10,280
9,410

116,736
91,473



7.


Creditors: Amounts falling due after more than one year

31 March
31 December
2024
2022
£
£

Bank loans
16,000
21,991

Other loans
42,545
62,334

58,545
84,325


Page 7

 
LESTER CAMPBELL LLP
 

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

8.


Loans


Analysis of the maturity of loans is given below:


31 March
31 December
2024
2022
£
£

Amounts falling due within one year

Bank loans
5,533
3,323

Other loans
16,000
16,000


21,533
19,323

Amounts falling due 1-2 years

Bank loans
16,000
21,991

Other loans
42,545
62,334


58,545
84,325



80,078
103,648



9.


Loans and other debts due to members


31 March
31 December
2024
2022
£
£



Members' capital treated as debt
65,724
50,083

Other amounts due to members
74,532
-

140,256
50,083

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

31 March
31 December
2024
2022
£
£



Falling due within one year
140,256
50,083

140,256
50,083

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

Page 8

 
LESTER CAMPBELL LLP
 

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

10.


Pension commitments

The entity operates a defined contributions pension scheme for its employees. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £2,809 (2022: £2,514). Contributions totalling £636 (2022: £472) were payable to the fund at the reporting date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
31 December
2024
2022
£
£


Not later than 1 year
7,838
8,270

Later than 1 year and not later than 5 years
2,400
12,920

10,238
21,190


12.


Related party transactions

At the Balance Sheet date, the members owed £nil (2022: £35,264) to the entity in the form of a Members current account. This loan is interest free and repayable on demand.


Page 9