Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01false2true SO306091 2023-04-01 2024-03-31 SO306091 2022-04-01 2023-03-31 SO306091 2024-03-31 SO306091 2023-03-31 SO306091 c:FurnitureFittings 2023-04-01 2024-03-31 SO306091 c:ComputerEquipment 2023-04-01 2024-03-31 SO306091 c:CurrentFinancialInstruments 2024-03-31 SO306091 c:CurrentFinancialInstruments 2023-03-31 SO306091 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 SO306091 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 SO306091 d:FRS102 2023-04-01 2024-03-31 SO306091 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SO306091 d:FullAccounts 2023-04-01 2024-03-31 SO306091 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 SO306091 d:PartnerLLP1 2023-04-01 2024-03-31 SO306091 d:PartnerLLP2 2023-04-01 2024-03-31 SO306091 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SO306091 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 SO306091 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SO306091










ABBEY PARK ORTHODONTICS LLP
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
ABBEY PARK ORTHODONTICS LLP
 

INFORMATION




Designated Members

Mr A P Griffiths
Mrs K G Whitehouse

LLP registered number

SO306091

Registered office

Abbey Park Orthodontics LLP18 St Margaret StreetDunfermlineKY12 7PE

Accountants

EQ Accountants LimitedPentland HouseSaltire CentreGlenrothesFifeKY6 2AH


 
ABBEY PARK ORTHODONTICS LLP
REGISTERED NUMBER: SO306091

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
18,234
113,219

Cash at bank and in hand
  
12,044
429,950

  
30,278
543,169

Creditors: Amounts Falling Due Within One Year
 5 
(834)
(4,818)

Net current assets
  
 
 
29,444
 
 
538,351

Total assets less current liabilities
  
29,444
538,351

  

Net assets
  
29,444
538,351


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
29,444
538,351

  
29,444
538,351

  

  
29,444
538,351


Total members' interests
  

Loans and other debts due to members
  
29,444
538,351

  
29,444
538,351


Page 1

 
ABBEY PARK ORTHODONTICS LLP
REGISTERED NUMBER: SO306091

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 by: 




Mr A P Griffiths
Mrs K G Whitehouse
Designated member
Designated member


Date: 4 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Abbey Park Orthodontics 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

 
ABBEY PARK ORTHODONTICS LLP
 

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

1.


General information

Abbey Park Orthodontics LLP is a limited liability partnership incorporated in Scotland. The registered office is 18 St Margaret Street, Dunfermline, Fife, KY12 7PE.
The company ceased trading on 31 March 2024.

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.

 
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.

Page 3

 
ABBEY PARK ORTHODONTICS LLP
 

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

2.Accounting policies (continued)

 
2.4

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 .

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the rates below.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Computer 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2)


4.


Debtors

2024
2023
£
£


Trade debtors
-
4,045

Other debtors
18,234
100,000

Amounts recoverable on long term contracts
-
9,174

18,234
113,219


Page 4

 
ABBEY PARK ORTHODONTICS LLP
 

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

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,218

Accruals and deferred income
834
3,600

834
4,818



Page 5