Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC412665 2023-04-01 2024-03-31 OC412665 2022-04-01 2023-03-31 OC412665 2024-03-31 OC412665 2023-03-31 OC412665 c:CurrentFinancialInstruments 2024-03-31 OC412665 c:CurrentFinancialInstruments 2023-03-31 OC412665 c:Non-currentFinancialInstruments 2024-03-31 OC412665 c:Non-currentFinancialInstruments 2023-03-31 OC412665 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC412665 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC412665 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC412665 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC412665 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC412665 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-03-31 OC412665 d:FRS102 2023-04-01 2024-03-31 OC412665 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC412665 d:FullAccounts 2023-04-01 2024-03-31 OC412665 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC412665 d:PartnerLLP1 2023-04-01 2024-03-31 OC412665 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC412665 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC412665 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC412665 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC412665 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC412665









PPR BROADWAY LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PPR BROADWAY LLP
REGISTERED NUMBER: OC412665

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Stocks
 3 
3,976,480
3,976,480

Debtors
 4 
508,388
510,271

Cash at bank and in hand
 5 
66,955
51,265

  
4,551,823
4,538,016

Creditors: Amounts Falling Due Within One Year
 6 
(34,659)
(44,114)

Net current assets
  
 
 
4,517,164
 
 
4,493,902

Total assets less current liabilities
  
4,517,164
4,493,902

Creditors: amounts falling due after more than one year
 7 
(3,976,375)
(3,976,375)

  
540,789
517,527

  

Net assets
  
540,789
517,527


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
931,142
892,160

  
931,142
892,160

Members' other interests
  

Other reserves classified as equity
  
(390,353)
(374,633)

  
 
(390,353)
 
(374,633)

  
540,789
517,527


Total members' interests
  

Loans and other debts due to members
 9 
931,142
892,160

Members' other interests
  
(390,353)
(374,633)

  
540,789
517,527


Page 1

 
PPR BROADWAY LLP
REGISTERED NUMBER: OC412665
    
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: 




................................................
PPR Estates Limited
Designated member

Date: 12 November 2024

The notes on pages 3 to 7 form part of these financial statements.

PPR Broadway LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
PPR BROADWAY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

PPR Broadway LLP is a limited liability partnership incorporated in England and Wales. The registered office address is 5 Welbeck Street, London, W1G 9YQ. 

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:

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.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PPR BROADWAY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
PPR BROADWAY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Stocks

2024
2023
£
£

Property stock
3,976,480
3,976,480


Stock includes an appropriate proportion of finance costs, amounting to £526,720 (2023: £526,720).

Page 5

 
PPR BROADWAY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors


2024
2023
£
£

Due after more than one year

Other debtors
500,000
500,000

500,000
500,000

Due within one year

Prepayments and accrued income
8,388
10,271

508,388
510,271



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
66,955
51,265



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,165
2,456

Other taxation and social security
5,621
5,148

Other creditors
-
14,400

Accruals and deferred income
26,873
22,110

34,659
44,114



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
3,976,375
3,976,375


Secured loans
The other loans are secured by a fixed charge over the property and a floating charge over the property and undertakings of the Company.

Page 6

 
PPR BROADWAY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
3,976,375
3,976,375



9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
931,142
892,160

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

2024
2023
£
£



Falling due after more than one year
931,142
892,160

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

 
Page 7