Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-04-01falseNo description of principal activity00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC437531 2023-04-01 2024-03-31 OC437531 2022-04-06 2023-03-31 OC437531 2024-03-31 OC437531 2023-03-31 OC437531 c:CurrentFinancialInstruments 2024-03-31 OC437531 c:CurrentFinancialInstruments 2023-03-31 OC437531 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC437531 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC437531 d:FRS102 2023-04-01 2024-03-31 OC437531 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC437531 d:FullAccounts 2023-04-01 2024-03-31 OC437531 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC437531 c:Subsidiary1 2023-04-01 2024-03-31 OC437531 c:Subsidiary1 1 2023-04-01 2024-03-31 OC437531 c:Subsidiary2 2023-04-01 2024-03-31 OC437531 c:Subsidiary2 1 2023-04-01 2024-03-31 OC437531 6 2023-04-01 2024-03-31 OC437531 d:PartnerLLP2 2023-04-01 2024-03-31 OC437531 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC437531 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC437531 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC437531 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC437531 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC437531










DONCASTER GLASS PROPERTY LLP








Unaudited

Financial statements

For the Year Ended 31 March 2024

 
DONCASTER GLASS PROPERTY LLP
 

Contents



Page
Members' Report
1
Statement of Comprehensive Income
2
Statement of Financial Position
3 - 4
Reconciliation of Members' Interests
5
Notes to the Financial Statements
6 - 9


 
DONCASTER GLASS PROPERTY LLP
 
  
Members' Report
For the Year Ended 31 March 2024

The members present their annual report together with the unaudited financial statements of Doncaster Glass Property LLP (the "LLP") for the year ended 31 March 2024
The LLP was formed on 19 May 2021 under Limited Liability Partnership Act 2000. 
 

Principal activities
 
 
The principal activity of the LLP during the year was that of a holding entity.
 
 
Designated members
 
 
The designated members who served the LLP during the year and up to date of this report were as follows:
 
Suraj Rashmikant Shah
 
Manish Gudka 
 
 

 
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
 
 
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the  anticipated cash needs of the LLP. 
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members. 
 
 
Results for the year
 
 
The loss for this reporting year amounted to £608 (2023: £525).
 
 
This report was approved by the members and signed on their behalf by: 






Manish Gudka
Designated Member
 
Registered office:
1st Floor
88 Baker Street
London
England
W1U 6TQ


Date: 4 November 2024
Page 1

 
DONCASTER GLASS PROPERTY LLP
 
 
Statement of Comprehensive Income
For the Year Ended 31 March 2024

Year
ended
31 March
Period from 6 April 2022 -
31 March
2024
2023
 
£
£

  

Administrative expenses
  
(608)
(572)

Operating loss
  
 
(608)
 
(572)

Interest receivable and similar income
  
-
47

Loss before tax
  
 
(608)
 
(525)

Loss for the year/period before members' remuneration and profit shares available for discretionary division among members
  
 
(608)
 
(525)

  

Total comprehensive loss for the year/period
  
(608)
(525)

All the activities of the LLP are from continuing operations.
The notes on pages 6 to 9 form part of these financial statements.

Page 2

 
DONCASTER GLASS PROPERTY LLP
Registered number: OC437531

Statement of Financial Position
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2
2

  
2
2

Current assets
  

Debtors: amounts falling due within one year
 5 
5,600,224
5,704,274

Cash at bank and in hand
  
17
75

  
5,600,241
5,704,349

Creditors: amounts falling due within one year
 6 
1
1

Net current assets
  
5,600,240
5,704,348

Total assets less current liabilities
  
5,600,242
5,704,350

  

Net assets
  
5,600,242
5,704,350


Represented by:
  

Loans and other debts due to members
  

Other amounts
 7 
5,601,400
5,704,900

Members' other interests
  

Members' capital classified as equity
  
100
100

Other reserves classified as equity
  
(1,258)
(650)

  
5,600,242
5,704,350


Total members' interests
  

Loans and other debts due to members
 7 
5,601,400
5,704,900

Members' other interests
  
(1,158)
(550)

  
5,600,242
5,704,350


Page 3

 
DONCASTER GLASS PROPERTY LLP
Registered number: OC437531
    
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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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 were approved and authorised for issue by the members and were signed on their behalf by: 




Manish Gudka
Designated member
Date: 4 November 2024

Registered number: OC437531
The notes on pages 6 to 9 form part of these financial statements.

Page 4

 
DONCASTER GLASS PROPERTY LLP
 

Reconciliation of Members' Interests
For the Year Ended 31 March 2024







Equity
Members' other interests
Debt
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Balance at 6 April 2022 
100
(125)
(25)
6,199,900
6,199,900
6,199,875

Loss for the period available for discretionary division among members
-
(525)
(525)
-
-
(525)

Repayment of debt
 
-
-
-
(495,000)
(495,000)
(495,000)

Amounts due to members
 



5,704,900
5,704,900


Balance at 31 March 2023
100
(650)
(550)
5,704,900
5,704,900
5,704,350

Loss for the year available for discretionary division among members
-
(608)
(608)
-
-
(608)

Repayment of debt
 
-
-
-
(103,500)
(103,500)
(103,500)

Amounts due to members
 



5,601,400
5,601,400


Balance at 31 March 2024 
100
(1,258)
(1,158)
5,601,400
5,601,400
5,600,242

The notes on pages 6 to 9 form part of these financial statements.



Page 5

 
DONCASTER GLASS PROPERTY LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The LLP is registered in England and Wales. The address of the registered office is 1st Floor, 88 Baker Street, London, W1U 6TQ.

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".

These financial statements are presented in Sterling (£), which is the functional currency of the entity. All amounts are rounded to the nearest Pound (£), except when otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on the going concern basis. The basis assumes that the LLP will be able to meet its obligations as they arise for the foreseeable future.

 
2.3

Taxation

Taxation on LLP profits is the personal liability of the members and consequently neither taxation nor deferred taxation is accounted for in these financial statements.

 
2.4

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 FRS 102, '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 right 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 classed 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 Statement of Comprehensive Income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of Financial Position.
Page 6

 
DONCASTER GLASS PROPERTY LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.4
Members' participation rights (continued)

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 as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Statement of Comprehensive Income and are equity appropriations in the Statement of Financial Position.
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 profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Statement of Comprehensive Income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

 
2.5

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

 
2.8

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.


3.


Employees

The LLP has no employees other than the members, who did not receive any remuneration during the year (2023: £Nil).

Page 7

 
DONCASTER GLASS PROPERTY LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Investments





Investments in subsidiary undertakings

£



Cost 


At 1 April 2023
2



At 31 March 2024
2






Net book value



At 31 March 2024
2



At 31 March 2023
2


Subsidiary undertakings


The following were subsidiary undertakings of the LLP:

Name

Class of shares

Holding

Doncaster Glassworks Group Finco Limited
Ordinary
100%
Doncaster Glassworks Property Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Doncaster Glassworks Group Finco Limited
802,554
309,000

Doncaster Glassworks Property Limited
(2,647,837)
(2,152,027)


5.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
5,600,224
5,704,274


Amounts owed by group undertakings relate to amounts due from Doncaster Glassworks Group Finco Limited, which are unsecured, interest free and repayable upon demand.

Page 8

 
DONCASTER GLASS PROPERTY LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
1
1



7.


Loans and other debts due to members


2024
2023
£
£



Loans from members
5,601,400
5,704,900

Loans from members are unsecured, interest free and repayable on demand. 

Page 9