Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3130The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false302023-07-01falseNo description of principal activityfalsetrue OC442740 2023-07-01 2024-03-31 OC442740 2023-05-01 2023-06-30 OC442740 2024-03-31 OC442740 2023-06-30 OC442740 c:Buildings c:ShortLeaseholdAssets 2023-07-01 2024-03-31 OC442740 c:Buildings c:ShortLeaseholdAssets 2024-03-31 OC442740 c:Buildings c:ShortLeaseholdAssets 2023-06-30 OC442740 c:FurnitureFittings 2023-07-01 2024-03-31 OC442740 c:FurnitureFittings 2024-03-31 OC442740 c:FurnitureFittings 2023-06-30 OC442740 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 OC442740 c:ComputerEquipment 2023-07-01 2024-03-31 OC442740 c:ComputerEquipment 2024-03-31 OC442740 c:ComputerEquipment 2023-06-30 OC442740 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 OC442740 c:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 OC442740 c:Goodwill 2023-07-01 2024-03-31 OC442740 c:Goodwill 2024-03-31 OC442740 c:Goodwill 2023-06-30 OC442740 c:CurrentFinancialInstruments 2024-03-31 OC442740 c:CurrentFinancialInstruments 2023-06-30 OC442740 c:Non-currentFinancialInstruments 2024-03-31 OC442740 c:Non-currentFinancialInstruments 2023-06-30 OC442740 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC442740 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 OC442740 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC442740 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 OC442740 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC442740 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-06-30 OC442740 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-01 2024-03-31 OC442740 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 OC442740 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-06-30 OC442740 d:FRS102 2023-07-01 2024-03-31 OC442740 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 OC442740 d:FullAccounts 2023-07-01 2024-03-31 OC442740 d:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 OC442740 c:WithinOneYear 2024-03-31 OC442740 c:WithinOneYear 2023-06-30 OC442740 c:BetweenOneFiveYears 2024-03-31 OC442740 c:BetweenOneFiveYears 2023-06-30 OC442740 2 2023-07-01 2024-03-31 OC442740 c:Goodwill c:OwnedIntangibleAssets 2023-07-01 2024-03-31 OC442740 d:PartnerLLP1 2023-07-01 2024-03-31 OC442740 d:PartnerLLP5 2023-07-01 2024-03-31 OC442740 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC442740 c:FurtherSpecificReserve3ComponentTotalEquity 2023-06-30 OC442740 e:PoundSterling 2023-07-01 2024-03-31 iso4217:GBP xbrli:pure

.OC442740










CAPRON & HELLIWELL SOLICITORS LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
CAPRON & HELLIWELL SOLICITORS LLP
REGISTERED NUMBER: OC442740

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 June
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
10,400
14,656

Tangible assets
 5 
61,605
69,668

  
72,005
84,324

Current assets
  

Stocks
  
11,621
7,653

Debtors: amounts falling due within one year
 6 
296,817
438,208

Bank and cash balances
  
60,009
57,259

  
368,447
503,120

Creditors: Amounts Falling Due Within One Year
 7 
(149,278)
(286,117)

Net current assets
  
 
 
219,169
 
 
217,003

Total assets less current liabilities
  
291,174
301,327

Creditors: amounts falling due after more than one year
 8 
(28,511)
-

  
262,663
301,327

Provisions for liabilities
  

Other provisions
 10 
(45,000)
(32,727)

  
 
 
(45,000)
 
 
(32,727)

Net assets
  
217,663
268,600

Page 1

 
CAPRON & HELLIWELL SOLICITORS LLP
REGISTERED NUMBER: OC442740
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

31 March
30 June
2024
2023
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
114,000
106,500

Other amounts
  
103,663
162,100

  
217,663
268,600

  

  
217,663
268,600


Total members' interests
  

Loans and other debts due to members
 11 
217,663
268,600

  
217,663
268,600


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 income statement 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: 




Neil R Harries
Sarah A Bunkell
Designated member
Designated member


Date: 4 October 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Capron & Helliwell Solicitors LLP is a limited liability partnership incorporated in England and Wales, registration number OC442740. The registered office is 6 High Street, Stalham, Norfolk, United Kingdom, NR12 9AN. 

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 financial statements are presented in sterling which is the functional currency of the company and roudned to the nearest £. 
The significant accounting policies applied in the preperation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Going concern

The Members have considered the LLP's position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the LLP and other factors such as mitigating ongoing costs. 
Based on this, the Members have concluded that the LLP will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of acounting in preparing these financial statements.

Page 3

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

 
2.4

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.

 
2.5

Interest income

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

 
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.

Page 4

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10% straight-line
Fixtures and fittings
-
15% reducing balance or 33% straight-line
Computer equipment
-
33% straight-line

 
2.12

Work in progress

Where no right to consideration has been obtained, the costs to date are recognised in work in progress. Where it is considered likely that recorded costs will not be recovered in full the carrying value of work in progress is reduced accordingly in order to reflect the recoverable amount.

  
2.13

Accrued income

Where there is a right to consideration, income is accrued at the carrying value of time recorded, less deductions for recovery rate.

 
2.14

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.

 
2.15

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.

 
2.16

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 6

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.18

Transfer of members' interests

During the year £0 was transferred from members' capital interests to debts due to members.


3.


Employees

The average monthly number of employees, including directors, during the period was 30 (2023 - 30).


4.


Intangible assets






Goodwill

£



Cost


At 1 July 2023
52,000



At 31 March 2024

52,000



Amortisation


At 1 July 2023
37,344


Charge for the period on owned assets
4,256



At 31 March 2024

41,600



Net book value



At 31 March 2024
10,400



At 30 June 2023
14,656



Page 7

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Tangible fixed assets







Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
113,628
86,281
82,004
281,913


Additions
-
-
4,386
4,386



At 31 March 2024

113,628
86,281
86,390
286,299



Depreciation


At 1 July 2023
64,956
69,250
78,039
212,245


Charge for the period on owned assets
8,262
2,149
2,038
12,449



At 31 March 2024

73,218
71,399
80,077
224,694



Net book value



At 31 March 2024
40,410
14,882
6,313
61,605



At 30 June 2023
48,672
17,031
3,965
69,668


6.


Debtors

31 March
30 June
2024
2023
£
£


Trade debtors
88,262
117,170

Other debtors
188,083
209,973

Prepayments and accrued income
20,472
111,065

296,817
438,208


Page 8

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

31 March
30 June
2024
2023
£
£

Bank loans
6,760
14,236

Trade creditors
7,777
87,989

Other taxation and social security
61,483
62,291

Other creditors
53,142
113,299

Accruals and deferred income
20,116
8,302

149,278
286,117



8.


Creditors: Amounts falling due after more than one year

31 March
30 June
2024
2023
£
£

Bank loans
3,056
-

Other creditors > 1 yr
25,455
-

28,511
-


Page 9

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


31 March
30 June
2024
2023
£
£

Amounts falling due within one year

Bank loans
6,760
14,236


6,760
14,236

Amounts falling due 1-2 years

Bank loans
3,056
-


3,056
-



9,816
14,236



10.


Provisions








Other provision

£





At 1 July 2023
32,727


Charged to profit or loss
12,273



At 31 March 2024
45,000

Page 10

 
CAPRON & HELLIWELL SOLICITORS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Loans and other debts due to members


31 March
30 June
2024
2023
£
£



Members' capital treated as debt
114,000
106,500

Other amounts due to members
103,663
162,100

217,663
268,600

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

31 March
30 June
2024
2023
£
£



Falling due within one year
217,663
268,600

217,663
268,600

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


12.


Pension commitments

The entity operates a defined contributions pension scheme. 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 £9,113 (June 2023 - £1,749). Contributions totalling £1,047 (June 2023 - £906) were payable to the fund at the reporting date and are included in creditors.


13.


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
30 June
2024
2023
£
£


Not later than 1 year
47,282
67,214

Later than 1 year and not later than 5 years
80,903
103,867

128,185
171,081

 
Page 11