Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2No description of principal activity2023-04-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC303567 2023-04-01 2024-03-31 OC303567 2022-04-01 2023-03-31 OC303567 2024-03-31 OC303567 2023-03-31 OC303567 c:MotorVehicles 2023-04-01 2024-03-31 OC303567 c:MotorVehicles 2024-03-31 OC303567 c:MotorVehicles 2023-03-31 OC303567 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC303567 c:FurnitureFittings 2023-04-01 2024-03-31 OC303567 c:FurnitureFittings 2024-03-31 OC303567 c:FurnitureFittings 2023-03-31 OC303567 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC303567 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC303567 c:CurrentFinancialInstruments 2024-03-31 OC303567 c:CurrentFinancialInstruments 2023-03-31 OC303567 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC303567 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC303567 d:FRS102 2023-04-01 2024-03-31 OC303567 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC303567 d:FullAccounts 2023-04-01 2024-03-31 OC303567 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC303567 2 2023-04-01 2024-03-31 OC303567 4 2023-04-01 2024-03-31 OC303567 d:PartnerLLP1 2023-04-01 2024-03-31 OC303567 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC303567 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC303567 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC303567 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC303567 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC303567 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC303567 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC303567









COURLAND AUTOMOTIVE PRACTICE LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
COURLAND AUTOMOTIVE PRACTICE LLP
REGISTERED NUMBER: OC303567

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
39,212
52,914

  
39,212
52,914

Current assets
  

Debtors: amounts falling due within one year
 5 
218,782
212,209

Cash at bank and in hand
 6 
4,998
37,876

  
223,780
250,085

Creditors: Amounts Falling Due Within One Year
 7 
(26,975)
(69,665)

Net current assets
  
 
 
196,805
 
 
180,420

Total assets less current liabilities
  
236,017
233,334

  

Net assets
  
236,017
233,334


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
184,906
213,334

  
184,906
213,334

Members' other interests
  

Members' capital classified as equity
  
20,000
20,000

Other reserves classified as equity
  
31,111
-

  
 
51,111
 
20,000

  
236,017
233,334


Total members' interests
  

Loans and other debts due to members
 8 
184,906
213,334

Members' other interests
  
51,111
20,000

  
236,017
233,334


Page 1

 
COURLAND AUTOMOTIVE PRACTICE LLP
REGISTERED NUMBER: OC303567
    
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: 




M J Bohling
Designated Member

Date: 11 November 2024

Page 2

 
COURLAND AUTOMOTIVE PRACTICE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Courland Automative Practice LLP is a Limited Liability Partnership, incorporated in the United Kingdom and registered in England and Wales (registered number OC303567). The LLP's registered office address is 101 New Cavendish Street, 1st Floor South, London W1W 6XH.
The principal activity of the LLP was that of the provision of management services to the automotive industry.
The financial statements are presented in Sterling, which is the functional currency of the LLP.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the directors consider it appropriate to prepare the financial statements on a going concern basis.
Accordingly the directors have continued to prepare the financial statements on the going concern
basis.

 
2.3

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:

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

 
COURLAND AUTOMOTIVE PRACTICE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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, on the following basis..

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight line method
Fixtures and fittings
-
25%
Straight line method

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.

 
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.

Page 4

 
COURLAND AUTOMOTIVE PRACTICE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

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.

 
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

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.

 
2.11

Interest income

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

 
2.12

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the LLP but are presented separately due to their size or incidence.

Page 5

 
COURLAND AUTOMOTIVE PRACTICE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.


3.


Employees

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


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
52,512
21,198
73,710


Additions
-
3,101
3,101



At 31 March 2024

52,512
24,299
76,811



Depreciation


At 1 April 2023
10,698
10,099
20,797


Charge for the year on owned assets
13,128
3,674
16,802



At 31 March 2024

23,826
13,773
37,599



Net book value



At 31 March 2024
28,686
10,526
39,212



At 31 March 2023
41,815
11,099
52,914

Page 6

 
COURLAND AUTOMOTIVE PRACTICE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
20,556

Other debtors
187,666
191,654

Prepayments and accrued income
31,117
-

218,783
212,210



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,998
37,876

4,998
37,876



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,871
19,816

Other taxation and social security
1,351
-

Obligations under finance lease and hire purchase contracts
14,898
16,276

Other creditors
400
7,567

Accruals and deferred income
5,455
26,006

26,975
69,665


Page 7

 
COURLAND AUTOMOTIVE PRACTICE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
184,906
213,334

184,906
213,334

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

2024
2023
£
£



Falling due within one year
184,906
213,334

184,906
213,334

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

 
Page 8