Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.building engineers and specialist consultants to the property sector and construction industry, providing design and advisory services in the fields of building energy, sustainability and building services engineering2023-06-01false4745truetrue OC371755 2023-06-01 2024-05-31 OC371755 2022-06-01 2023-05-31 OC371755 2024-05-31 OC371755 2023-05-31 OC371755 c:Director3 2023-06-01 2024-05-31 OC371755 c:Director4 2023-06-01 2024-05-31 OC371755 c:Director5 2023-06-01 2024-05-31 OC371755 d:FurnitureFittings 2023-06-01 2024-05-31 OC371755 d:FurnitureFittings 2024-05-31 OC371755 d:FurnitureFittings 2023-05-31 OC371755 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 OC371755 d:ComputerEquipment 2023-06-01 2024-05-31 OC371755 d:ComputerEquipment 2024-05-31 OC371755 d:ComputerEquipment 2023-05-31 OC371755 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 OC371755 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 OC371755 d:CurrentFinancialInstruments 2024-05-31 OC371755 d:CurrentFinancialInstruments 2023-05-31 OC371755 d:Non-currentFinancialInstruments 2024-05-31 OC371755 d:Non-currentFinancialInstruments 2023-05-31 OC371755 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 OC371755 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 OC371755 c:FRS102 2023-06-01 2024-05-31 OC371755 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 OC371755 c:FullAccounts 2023-06-01 2024-05-31 OC371755 c:LimitedLiabilityPartnershipLLP 2023-06-01 2024-05-31 OC371755 d:WithinOneYear 2024-05-31 OC371755 d:WithinOneYear 2023-05-31 OC371755 d:BetweenOneFiveYears 2024-05-31 OC371755 d:BetweenOneFiveYears 2023-05-31 OC371755 c:PartnerLLP1 2023-06-01 2024-05-31 OC371755 c:PartnerLLP7 2023-06-01 2024-05-31 OC371755 d:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31 OC371755 d:FurtherSpecificReserve3ComponentTotalEquity 2023-05-31 OC371755 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: OC371755









SCOTCH PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SCOTCH PARTNERS LLP
REGISTERED NUMBER: OC371755

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
72,398
102,675

  
72,398
102,675

Current assets
  

Debtors: amounts falling due after more than one year
 6 
49,350
49,350

Debtors: amounts falling due within one year
 6 
1,313,537
846,441

Cash at bank and in hand
 7 
541,473
600,743

  
1,904,360
1,496,534

Creditors: Amounts Falling Due Within One Year
 8 
(441,613)
(371,738)

Net current assets
  
 
 
1,462,747
 
 
1,124,796

Total assets less current liabilities
  
1,535,145
1,227,471

  

Net assets
  
1,535,145
1,227,471


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
700,000
900,000

Other amounts
 9 
835,145
327,471

  
1,535,145
1,227,471

  

  
1,535,145
1,227,471


Total members' interests
  

Loans and other debts due to members
 9 
1,535,145
1,227,471

  
1,535,145
1,227,471


Page 1

 
SCOTCH PARTNERS LLP
REGISTERED NUMBER: OC371755
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 profit and loss account 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 8 November 2024.




St Michaels 8 Limited
(Director - J Quiggin)
Vienna 3 Limited 
 (Director - W Stevens)
Designated Member
Designated Member



Pegasus7 Limited
(Director - Neal Simmonds)
Designated Member



Broadfields 12 Limited
(Director - S Brooker)
Designated Member



Plantation 70 Limited
(Director - K Elder)
Designated Member




The notes on pages 3 to 8 form part of these financial statements.

Scotch Partners 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

 
SCOTCH PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Scotch Partners LLP is a limited liability partnership incorporated in England & Wales under the Limited Liability Partnerships (Accounts and Audit) application of the Companies Act 2006. The address of the registered office is given on the information page. The nature of the LLP's operations and its principal activities are set out in the Members’ report.

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 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 (see note 3).

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

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.

Page 3

 
SCOTCH PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
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 .

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
Between 20% - 33.3% straight line
Computer equipment
-
33.3% straight line

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.

Page 4

 
SCOTCH PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 47 (2023 - 45).

Page 5

 
SCOTCH PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
137,638
98,520
236,158


Additions
4,777
19,843
24,620



At 31 May 2024

142,415
118,363
260,778



Depreciation


At 1 June 2023
99,210
34,273
133,483


Charge for the year on owned assets
14,551
40,346
54,897



At 31 May 2024

113,761
74,619
188,380



Net book value



At 31 May 2024
28,654
43,744
72,398



At 31 May 2023
38,428
64,247
102,675

Page 6

 
SCOTCH PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
49,350
49,350

49,350
49,350


2024
2023
£
£

Due within one year

Trade debtors
1,268,032
811,789

Prepayments and accrued income
45,505
34,652

1,313,537
846,441



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
541,473
600,743

541,473
600,743



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,868
14,892

Other taxation and social security
342,660
232,372

Other creditors
-
84,000

Accruals and deferred income
84,085
40,474

441,613
371,738


Page 7

 
SCOTCH PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
700,000
900,000

Other amounts due to members
835,145
327,471

1,535,145
1,227,471

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

2024
2023
£
£



Falling due within one year
1,535,145
1,227,471

1,535,145
1,227,471

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


10.


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 £241,818 (2023: £255,070). 


11.


Commitments under operating leases

At 31 May 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
127,350
243,450

Later than 1 year and not later than 5 years
-
125,100

127,350
368,550

 
Page 8