Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-010falsethe provision of management consultancy services0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC428932 2023-03-31 OC428932 2023-04-01 2024-03-31 OC428932 2021-10-01 2022-09-30 OC428932 2024-03-31 OC428932 2022-09-30 OC428932 c:OfficeEquipment 2023-04-01 2024-03-31 OC428932 c:OfficeEquipment 2024-03-31 OC428932 c:OfficeEquipment 2022-09-30 OC428932 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC428932 c:CurrentFinancialInstruments 2024-03-31 OC428932 c:CurrentFinancialInstruments 2022-09-30 OC428932 c:CurrentFinancialInstruments 2 2024-03-31 OC428932 c:CurrentFinancialInstruments 2 2022-09-30 OC428932 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC428932 c:CurrentFinancialInstruments c:WithinOneYear 2022-09-30 OC428932 e:FRS102 2023-04-01 2024-03-31 OC428932 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC428932 e:FullAccounts 2023-04-01 2024-03-31 OC428932 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC428932 2 2023-04-01 2024-03-31 OC428932 e:PartnerLLP1 2023-04-01 2024-03-31 OC428932 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC428932 c:FurtherSpecificReserve2ComponentTotalEquity 2022-09-30 OC428932 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC428932














THE POOLE GROUP LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED  31 MARCH 2024

 
THE POOLE GROUP LLP
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 7

 
THE POOLE GROUP LLP
REGISTERED NUMBER:OC428932

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,394
2,135

Current assets
  

Debtors: amounts falling due within one year
 5 
87,685
62,085

Cash at bank and in hand
  
30,711
22,275

  
118,396
84,360

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(6,187)
(13,020)

Net current assets
  
 
 
112,209
 
 
71,340

  

Net assets
  
120,603
73,475


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
28,908
-

Members' other interests
  

Other reserve classified as equity
  
91,695
73,475

  
120,603
73,475


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(82,992)
(29,180)

Loans and other debts due to members
 7 
28,908
-

Members' other interests
  
91,694
73,476

  
37,610
44,296


Page 1

 
THE POOLE GROUP LLP
REGISTERED NUMBER:OC428932
    
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 4 November 2024.




D Poole
Designated member

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
THE POOLE GROUP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The Poole Group LLP (the ''LLP'') is a limited liability partnership registered in England and Wales, with its registered office at 2nd Floor, Connaught House, 1 - 3 Mount Street, London, W1K 3NB. The principal place of business is at 8 Leinster Square, London, W2 4PL.
The principal activity of the LLP is the provision of management consultancy services.

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 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

Foreign currency translation

The LLP's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied during the year, exclusive of Value Added Tax. 
Revenue is recognised when the service has been provided.

 
2.4

Interest income

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

Page 3

 
THE POOLE GROUP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.6

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
-
33%

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.

Page 4

 
THE POOLE GROUP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and bank balances, and related party advances and balances due.
Trade and other debtors are recognised initially at the transaction price less attributable  transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.
Cash and cash equivalents comprise cash balances.

 
2.8

Taxation

No provision for taxation on profits of the LLP is made in the financial statements. Each member is exclusively liable for any tax liabilities arising out of their interest in the LLP, which will be assessed on the individual members and not the LLP.


3.


Employees




The entity has no employees.

Page 5

 
THE POOLE GROUP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 April 2023
2,853


Additions
10,246


Disposals
(1,916)



At 31 March 2024

11,183



Depreciation


At 1 April 2023
718


Charge for the period on owned assets
3,455


Disposals
(1,384)



At 31 March 2024

2,789



Net book value



At 31 March 2024
8,394



At 31 March 2022
2,135


5.


Debtors

2024
2022
£
£


Trade debtors
3,333
32,546

Other debtors
1,074
-

Prepayments and accrued income
284
362

Amounts due from members
82,992
29,180

87,683
62,088


Page 6

 
THE POOLE GROUP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2022
£
£

Trade creditors
200
86

Other taxation and social security
-
8,710

Accruals and deferred income
5,987
4,224

6,187
13,020



7.


Loans and other debts due to members


2024
2022
£
£



Other amounts due to members
28,908
-

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

2024
2022
£
£



Falling due within one year
28,908
-

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

 
Page 7