Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-03-15The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse0falseFire protection41true OC446317 2023-03-14 OC446317 2023-03-15 2024-03-31 OC446317 2022-03-15 2023-03-14 OC446317 2024-03-31 OC446317 c:FreeholdInvestmentProperty 2023-03-15 2024-03-31 OC446317 c:FreeholdInvestmentProperty 2024-03-31 OC446317 c:CurrentFinancialInstruments 2024-03-31 OC446317 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC446317 d:FRS102 2023-03-15 2024-03-31 OC446317 d:AuditExempt-NoAccountantsReport 2023-03-15 2024-03-31 OC446317 d:FullAccounts 2023-03-15 2024-03-31 OC446317 d:LimitedLiabilityPartnershipLLP 2023-03-15 2024-03-31 OC446317 d:PartnerLLP3 2023-03-15 2024-03-31 OC446317 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC446317 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC446317 e:PoundSterling 2023-03-15 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC446317










VANTAGE WARRINGTON LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
VANTAGE WARRINGTON LLP
REGISTERED NUMBER: OC446317

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
2024
Note
£

Fixed assets
  

Investment property
  
3,980,639

  
3,980,639

Current assets
  

Debtors: amounts falling due within one year
 5 
82,037

Cash at bank and in hand
 6 
93,019

  
175,056

Creditors: Amounts Falling Due Within One Year
 7 
(154,729)

Net current assets
  
 
 
20,327

Total assets less current liabilities
  
4,000,966

  

Net assets
  
4,000,966


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
3,864,000

Other reserves classified as equity
  
136,966

  
 
4,000,966

  
4,000,966


Total members' interests
  

Members' other interests
  
4,000,966

  
4,000,966


Page 1

 
VANTAGE WARRINGTON LLP
REGISTERED NUMBER: OC446317
    
BALANCE SHEET (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 profit and loss account 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: 




................................................
Vantage Industrial Limited
Designated member

Date: 5 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VANTAGE WARRINGTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Vantage Warrington LLP, OC446317, is a limited liability partnership, incorporated in England and Wales with a registered office address and principal place of business at The Brun, Chester Street, St. Asaph, Debbighshire, Wales, LL17 0RE.

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 3

 
VANTAGE WARRINGTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 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 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.

 
2.4

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 period was 0.

Page 4

 
VANTAGE WARRINGTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
3,980,639



At 31 March 2024
3,980,639

The 2024 valuations were made by the director's of the corporate members, on an open market value for existing use basis.






5.


Debtors

31 March
2024
£


Trade debtors
3,037

Other debtors
79,000

82,037



6.


Cash and cash equivalents

31 March
2024
£

Cash at bank and in hand
93,019

93,019


Page 5

 
VANTAGE WARRINGTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

31 March
2024
£

Payments received on account
63,125

Trade creditors
79,000

Other taxation and social security
11,104

Accruals and deferred income
1,500

154,729


 
Page 6