Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true0true2023-04-01falseThe principal activity is that of asset management0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC425699 2023-04-01 2024-03-31 OC425699 2022-04-01 2023-03-31 OC425699 2024-03-31 OC425699 2023-03-31 OC425699 c:CurrentFinancialInstruments 2024-03-31 OC425699 c:CurrentFinancialInstruments 2023-03-31 OC425699 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC425699 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC425699 d:FRS102 2023-04-01 2024-03-31 OC425699 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC425699 d:FullAccounts 2023-04-01 2024-03-31 OC425699 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC425699 2 2023-04-01 2024-03-31 OC425699 d:PartnerLLP2 2023-04-01 2024-03-31 OC425699 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC425699 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC425699 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC425699 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC425699 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC425699










DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Reconciliation of members' interests
 
3
Notes to the financial statements
 
4 - 7


 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP
REGISTERED NUMBER: OC425699

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
809
1,353

Cash at bank and in hand
 6 
7,741
10,614

  
8,550
11,967

Creditors: Amounts Falling Due Within One Year
 7 
(3,450)
(2,200)

Net current assets
  
 
 
5,100
 
 
9,767

Total assets less current liabilities
  
5,100
9,767

  

Net assets
  
5,100
9,767


Represented by:
  

Loans and other debts due to members
  

Other amounts
 8 
5,000
9,667

  
5,000
9,667

Members' other interests
  

Members' capital classified as equity
  
100
100

  
 
100
 
100

  
5,100
9,767


Total members' interests
  

Loans and other debts due to members
 8 
5,000
9,667

Members' other interests
  
100
100

  
5,100
9,767


Page 1

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP
REGISTERED NUMBER: OC425699
    
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 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 on 11 November 2024.




................................................
C A Allen
On behalf of Fiera Real Estate UK Limited
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) 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)
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 

12,812
12,812


Balance at 1 April 2022 
100
100
12,812
12,812
12,912

Members' remuneration charged as an expense
 
-
-
(3,145)
(3,145)
(3,145)

Members' interests after profit for the year
100
100
9,667
9,667
9,767

Amounts due to members
 


9,667
9,667


Balance at 31 March 2023
100
100
9,667
9,667
9,767

Members' remuneration charged as an expense
 
-
-
(4,667)
(4,667)
(4,667)

Members' interests after profit for the year
100
100
5,000
5,000
5,100

Amounts due to members
 


5,000
5,000


Balance at 31 March 2024 
100
100
5,000
5,000
5,100

The notes on pages 4 to 7 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Danescroft (Chichester Asset Management) LLP is a limited liability partnership, incorporated in England and Wales, registration number OC425699. The address of the registered office is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

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".

The following principal accounting policies have been applied:

 
2.2

Going concern

The LLP is currently reliant on its members for financial support. The members are commited to the sustainment of the LLP and its activities, and are confident that the LLP has the resources to continue operating for at least 12 months from the date the financial statement are authorised. The members have concluded that it is appropriate that the financial statements be prepared on a going concern basis. 

 
2.3

Turnover

Turnover represents share of partnership result which is recognised upon realisation of of the profit or loss in the partnership.
 

 
2.4

Interest income

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

 
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

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

 
Page 5

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Members

The average number of members during the year was 4 (2023: 4).


4.


Employees

The entity has no employees.


5.


Debtors

2024
2023
£
£


Other debtors
709
1,253

Called up share capital not paid
100
100

809
1,353



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,741
10,614



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
3,450
2,200


Page 6

 
DANESCROFT (CHICHESTER ASSET MANAGEMENT) 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
5,000
9,667

Total members' interest, including loans and other debts due to members, are unsecured and would rank Pari passu with other unsecured creditors in the event of winding up



 
Page 7