Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01false.44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC355053 2023-03-31 OC355053 2023-04-01 2024-03-31 OC355053 2022-06-01 2023-05-31 OC355053 2024-03-31 OC355053 2023-05-31 OC355053 c:ComputerEquipment 2023-04-01 2024-03-31 OC355053 c:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 OC355053 c:OtherPropertyPlantEquipment 2024-03-31 OC355053 c:OtherPropertyPlantEquipment 2023-05-31 OC355053 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC355053 c:CurrentFinancialInstruments 2024-03-31 OC355053 c:CurrentFinancialInstruments 2023-05-31 OC355053 c:CurrentFinancialInstruments 2 2024-03-31 OC355053 c:CurrentFinancialInstruments 2 2023-05-31 OC355053 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC355053 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 OC355053 e:FRS102 2023-04-01 2024-03-31 OC355053 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC355053 e:FullAccounts 2023-04-01 2024-03-31 OC355053 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC355053 e:PartnerLLP1 2023-04-01 2024-03-31 OC355053 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC355053 c:FurtherSpecificReserve2ComponentTotalEquity 2023-05-31 OC355053 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC355053














ENTREPRENEURS PARTNERS LLP
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
ENTREPRENEURS PARTNERS LLP
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 7


 
ENTREPRENEURS PARTNERS LLP
REGISTERED NUMBER:OC355053

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,740
5,489

Current assets
  

Debtors: amounts falling due within one year
 5 
268,065
184,061

Bank and cash balances
  
360,332
1,071,706

  
628,397
1,255,767

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(27,592)
(16,678)

Net current assets
  
 
 
600,805
 
 
1,239,089

  

Net assets
  
604,545
1,244,578


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
75,736
602,630

Members' other interests
  

Other reserves classified as equity
  
528,809
641,948

  
604,545
1,244,578


Total members' interests
  

Amounts due from members (included in debtors)
  
-
(395)

Loans and other debts due to members
 7 
75,736
602,630

Members' other interests
  
528,809
641,948

  
604,545
1,244,183


Page 1

 
ENTREPRENEURS PARTNERS LLP
REGISTERED NUMBER:OC355053
    
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 on 15 November 2024.




B Deschamps
Designated member

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

Page 2

 
ENTREPRENEURS PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Entrepreneurs Partners LLP (the ''LLP'') is a limited liability partnership incorporated in England and Wales. Its principal place of business and registered office address is at 7 Pelham Crescent, London, SW7 2NP.
The principal activity of the LLP continued to be that of a venture and development capital entity, and the provision of consultancy services.

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

Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied during the period, exclusive of Value Added Tax.
Revenue from venture and development capital, and consultancy sevices are recognised in the period when the services are performed. 

 
2.3

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.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Office equipment
-
33%
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 3

 
ENTREPRENEURS PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

The LLP's functional and presentational currency is £ sterling.
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.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.5

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
ENTREPRENEURS PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan
The LLP contributes to 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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.7

Taxation

No provision for taxation on the profits of the LLP has been made in the financial statements. each member is exclusively liable for any tax liabilities arising out of their interest in the LLP, which will be assessed on the individual members and not the LLP.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2023
23,925


Additions
1,851



At 31 March 2024

25,776



Depreciation


At 1 April 2023
18,436


Charge for the period on owned assets
3,600



At 31 March 2024

22,036



Net book value



At 31 March 2024
3,740



At 31 March 2023
5,489

Page 5

 
ENTREPRENEURS PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
253,623
-

Other debtors
6,269
6,695

Prepayments and accrued income
8,173
176,971

Amounts due from members
-
395

268,065
184,061



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,866
1,972

Other taxation and social security
4,116
2,852

Other creditors
257
290

Accruals and deferred income
11,353
11,564

27,592
16,678



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
75,736
602,630

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

2024
2023
£
£



Falling due within one year
75,736
602,630

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

Page 6

 
ENTREPRENEURS PARTNERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Pension commitments

The LLP contributes to 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 £1,211 (2023 - £1,321). Contributions totalling £257 (2023 - £257) were payable to the fund at the reporting date and are included in creditors.

 
Page 7