Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-02-22No description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC445952 2023-02-21 OC445952 2023-02-22 2024-03-31 OC445952 2022-02-22 2023-02-21 OC445952 2024-03-31 OC445952 c:PlantMachinery 2023-02-22 2024-03-31 OC445952 c:PlantMachinery 2024-03-31 OC445952 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 OC445952 c:FurnitureFittings 2023-02-22 2024-03-31 OC445952 c:FurnitureFittings 2024-03-31 OC445952 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 OC445952 c:OfficeEquipment 2023-02-22 2024-03-31 OC445952 c:OfficeEquipment 2024-03-31 OC445952 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 OC445952 c:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 OC445952 c:CurrentFinancialInstruments 2024-03-31 OC445952 c:CurrentFinancialInstruments 2 2024-03-31 OC445952 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC445952 e:FRS102 2023-02-22 2024-03-31 OC445952 e:AuditExempt-NoAccountantsReport 2023-02-22 2024-03-31 OC445952 e:FullAccounts 2023-02-22 2024-03-31 OC445952 e:LimitedLiabilityPartnershipLLP 2023-02-22 2024-03-31 OC445952 c:WithinOneYear 2024-03-31 OC445952 c:BetweenOneFiveYears 2024-03-31 OC445952 2 2023-02-22 2024-03-31 OC445952 e:PartnerLLP1 2023-02-22 2024-03-31 OC445952 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC445952 f:PoundSterling 2023-02-22 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC445952














NIGEL CARVER LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
NIGEL CARVER LLP
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6

 
NIGEL CARVER LLP
REGISTERED NUMBER:OC445952

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
35,401

Current assets
  

Debtors: amounts falling due within one year
 5 
280,329

Bank and cash balances
  
951,037

  
1,231,366

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(606,905)

Net current assets
  
 
 
624,461

Total assets less current liabilities
  
659,862

  

Net assets
  
659,862


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Other reserves classified as equity
  
659,862

  
659,862


Total members' interests
  

Amounts due from members (included in debtors)
  
(219,292)

Members' other interests
  
659,862

  
440,570


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.
 
Page 1

 
NIGEL CARVER LLP
REGISTERED NUMBER:OC445952
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


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 18 November 2024.




N Carver
Designated member

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
NIGEL CARVER LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Nigel Carver LLP is a limited liability partnership registered in England and Wales. The registered  address is  at 5 Elstree Gate, Elstree Way, Hertfordshire, WD6 1JD.

The LLP was incorporated on 22 February 2023 and commenced trading 17 April 2023.
 
The principal activity of the LLP during the period was that of plastic surgery.
 
The company's functional and presentational currency is £ Sterling.

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 recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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.
Revenue from plastic surgery procedures is recognised when the services are performed.

 
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.

 
2.4

Interest income

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

 
2.5

Pensions

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 profit or loss 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.

 
2.6

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. 

Page 3

 
NIGEL CARVER LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Division and distribution of profits

The LLP divides profits discretionarily after the financial statements have been approved. Discretionary divisions of profits are recognised as amounts due to members.

 
2.8

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, on the following basis:

Plant and machinery
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer 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.
 
 
2.9

Basic financial instruments

The LLP only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at 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 trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.

3.


Employees

The average monthly number of employees, including directors, during the period was 5.

Page 4

 
NIGEL CARVER LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost 


Additions
13,290
19,269
7,321
39,880



At 31 March 2024

13,290
19,269
7,321
39,880



Depreciation


Charge for the period on owned assets
1,541
1,419
1,519
4,479



At 31 March 2024

1,541
1,419
1,519
4,479



Net book value



At 31 March 2024
11,749
17,850
5,802
35,401


5.


Debtors

2024
£


Other debtors
5,250

Prepayments and accrued income
55,787

Amounts due from members
219,292

280,329



6.


Creditors: Amounts falling due within one year

2024
£

Other taxation and social security
2,264

Other creditors
450,611

Accruals and deferred income
154,030

606,905


Page 5

 
NIGEL CARVER LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Pension commitments

The LLP contributes to a defined contributions pension scheme. The assets of the scheme are held separetly from those of entity in an independantly administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £1,073. No contributions were payable to the fund at the reporting date. 


8.


Commitments under operating leases

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

2024
£


Not later than 1 year
25,200

Later than 1 year and not later than 5 years
56,700

81,900

 
Page 6