Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310falsemanagement of property development activities02023-04-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC414412 2023-04-01 2024-03-31 OC414412 2022-04-01 2023-03-31 OC414412 2024-03-31 OC414412 2023-03-31 OC414412 c:CurrentFinancialInstruments 2024-03-31 OC414412 c:CurrentFinancialInstruments 2023-03-31 OC414412 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC414412 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC414412 d:FRS102 2023-04-01 2024-03-31 OC414412 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC414412 d:FullAccounts 2023-04-01 2024-03-31 OC414412 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC414412 2 2023-04-01 2024-03-31 OC414412 d:PartnerLLP1 2023-04-01 2024-03-31 OC414412 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC414412 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC414412 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC414412 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC414412 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC414412










MANSE OPUS (ANSTY) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MANSE OPUS (ANSTY) LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 8


 
MANSE OPUS (ANSTY) LLP
REGISTERED NUMBER: OC414412

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
389,024
653,973

Cash at bank and in hand
 5 
521,103
20,240

  
910,127
674,213

Creditors: Amounts Falling Due Within One Year
 6 
(877,333)
(600,458)

Net current assets
  
 
 
32,794
 
 
73,755

Total assets less current liabilities
  
32,794
73,755

  

Net assets
  
32,794
73,755


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
30,304
59,179

Other amounts
 7 
2,390
14,476

  
32,694
73,655

Members' other interests
  

Members' capital classified as equity
  
100
100

  
 
100
 
100

  
32,794
73,755


Total members' interests
  

Loans and other debts due to members
 7 
32,694
73,655

Members' other interests
  
100
100

  
32,794
73,755


Page 1

 
MANSE OPUS (ANSTY) LLP
REGISTERED NUMBER: OC414412
    
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 by: 




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

Date: 14 November 2024

The notes on pages 8 to 12 form part of these financial statements.

Page 2

 
MANSE OPUS (ANSTY) 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
Members' capital (classified as debt)
as restated
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members 

86,808
14,214
101,022


Balance at 1 April 2022 
100
100
86,808
14,214
101,022
101,122

Members' remuneration charged as an expense
 
-
-
-
2,922,180
2,922,180
2,922,180

Members' interests after profit for the year
100
100
86,808
2,936,394
3,023,202
3,023,302

Other division of profits
 
-
-
-
(2,921,918)
(2,921,918)
(2,921,918)

Repayment of capital
-
-
(27,629)
-
(27,629)
(27,629)

Amounts due to members
 


59,179
14,476
73,655


Balance at 31 March 2023
100
100
59,179
14,476
73,655
73,755

Members' remuneration charged as an expense
 
-
-
-
(12,086)
(12,086)
(12,086)

Members' interests after profit for the year
100
100
59,179
2,390
61,569
61,669

Repayment of capital
 
-
-
(28,875)
-
(28,875)
(28,875)

Amounts due to members
 


30,304
2,390
32,694


Balance at 31 March 2024 
100
100
30,304
2,390
32,694
32,794

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

 
MANSE OPUS (ANSTY) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Manse Opus (Ansty) LLP is a private limited liability partnership incorporated in the United Kingdom and registered in England and Wales under registration number OC414412. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

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 committed to the sustainment of the LLP and its property development activities, and are confident that the LLP has the resources to continue operating for at least 12 months from the date the financial statements 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 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:

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

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.

Page 4

 
MANSE OPUS (ANSTY) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 within 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.

Page 5

 
MANSE OPUS (ANSTY) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual rights 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.

Derecognition of financial liabilities

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

 
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.

 
2.8

Interest income

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

  
2.9

Construction contracts

When the outcome of a contract can be measured reliably, the entity will recognise both income and costs by reference to the percentage of completion of the contract. This is normally measured by the proportion of the contract costs incurred for work performed to date compared to the estimated contract costs, except, where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably, and its receipt is considered probable.
If the outcome cannot be reliably measured, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.
When it is probable that a loss will occur on a contract, this is recognised in full immediately as an onerous contract provision.


3.


Members

The average number of members during the period was 4 (2023: 4). 
No members remuneration was paid during the year (2023: £NIL).

Page 6

 
MANSE OPUS (ANSTY) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
345,648
-

Other amounts recoverable
13,073
32,812

Accrued income
30,303
24,659

Retention held under long term contracts
-
596,502

389,024
653,973



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
521,103
20,240



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
738,685
456

Other taxation and social security
128,548
-

Retention held under long term contracts
-
596,502

Accruals and deferred income
10,100
3,500

877,333
600,458


Page 7

 
MANSE OPUS (ANSTY) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
30,304
59,179

Other amounts due (from)/to members
2,390
14,476

32,694
73,655

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

All loans and other debts due to members are falling due within one year.


8.


Controlling party

At the balance sheet date there was no ultimate controlling party.


9.


Prior period adjustment

In the prior year, distributions of £27,629 were incorrectly classified as profit distributions. These should have been recorded as capital distributions, a prior year adjustment has been made to correct the distributions, This adjustment had no impact on the opening net assets of the LLP as at 1 April 2023. 

 
Page 8