Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC328570 2023-04-01 2024-03-31 OC328570 2024-03-31 OC328570 2022-04-01 2023-03-31 OC328570 2023-03-31 OC328570 c:OfficeEquipment 2023-04-01 2024-03-31 OC328570 c:OfficeEquipment 2024-03-31 OC328570 c:OfficeEquipment 2023-03-31 OC328570 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC328570 c:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 OC328570 c:OtherPropertyPlantEquipment 2024-03-31 OC328570 c:OtherPropertyPlantEquipment 2023-03-31 OC328570 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC328570 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC328570 c:CurrentFinancialInstruments 2024-03-31 OC328570 c:CurrentFinancialInstruments 2023-03-31 OC328570 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC328570 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC328570 d:FRS102 2023-04-01 2024-03-31 OC328570 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC328570 d:FullAccounts 2023-04-01 2024-03-31 OC328570 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC328570 2 2023-04-01 2024-03-31 OC328570 d:PartnerLLP1 2023-04-01 2024-03-31 OC328570 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC328570 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC328570 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC328570 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC328570 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company Registration Number OC328570























APRIL STRATEGY LLP





UNAUDITED
FINANCIAL STATEMENTS





 31 MARCH 2024

























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APRIL STRATEGY LLP
REGISTERED NUMBER: OC328570

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

Restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,817
15,965

  
20,817
15,965

Current assets
  

Debtors: amounts falling due within one year
 5 
423,383
475,307

Cash at bank and in hand
 6 
526,988
916,820

  
950,371
1,392,127

Creditors: Amounts Falling Due Within One Year
 7 
(205,696)
(366,261)

Net current assets
  
 
 
744,675
 
 
1,025,866

Total assets less current liabilities
  
765,492
1,041,831

  

Net assets
  
765,492
1,041,831


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
657,492
933,831

  
657,492
933,831

Members' other interests
  

Members' capital classified as equity
  
108,000
108,000

  
 
108,000
 
108,000

  
765,492
1,041,831


Total members' interests
  

Loans and other debts due to members
 8 
657,492
933,831

Members' other interests
  
108,000
108,000

  
765,492
1,041,831


Page 1

 
APRIL STRATEGY LLP
REGISTERED NUMBER: OC328570

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 18 July 2024.




Mr John Vincent
Designated member

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
APRIL STRATEGY 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)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
1,980,437
1,980,437
-
-
1,980,437

Members' interests after profit for the year
108,000
1,980,437
2,088,437
1,062,059
1,062,059
3,150,496

Other division of profits
-
(1,980,437)
(1,980,437)
1,980,437
1,980,437
-

Drawings on account and distribution of profit
-
-
-
(2,108,665)
(2,108,665)
(2,108,665)

Amounts due to members
933,831
933,831

Balance at 31 March 2023
108,000
-
108,000
933,831
933,831
1,041,831

Profit for the year available for discretionary division among members
 
-
1,648,805
1,648,805
-
-
1,648,805

Members' interests after profit for the year
108,000
1,648,805
1,756,805
933,831
933,831
2,690,636

Other division of profits
-
(1,648,805)
(1,648,805)
1,648,805
1,648,805
-

Drawings on account and distribution of profit
-
-
-
(1,925,144)
(1,925,144)
(1,925,144)

Amounts due to members
657,492
657,492

Balance at 31 March 2024 
108,000
-
108,000
657,492
657,492
765,492

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

 
APRIL STRATEGY LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

April Strategy LLP is a limited liability partnership, incorporated in England & Wales, registered number OC328570. The registered office address is 71-75 Shelton Street, London, WC2H 9JQ. 

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 Standard of Recommended Practice "Accounting by Limited Liability Partnerships". 

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements are prepared on the going concern basis. The members believe that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
APRIL STRATEGY LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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 Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.7

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 .

Page 5

 
APRIL STRATEGY LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

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
-
over 5 years on a straight line basis
Computer Equipment
-
over 3 years on a straight line basis

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

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The LLP only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receiveable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receiveable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
Page 6

 
APRIL STRATEGY LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set of the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average number of employees, excluding members, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Office Equipment
Computer Equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
6,774
43,523
50,297


Additions
330
13,635
13,965



At 31 March 2024

7,104
57,158
64,262



Depreciation


At 1 April 2023
5,880
28,452
34,332


Charge for the year on owned assets
304
8,809
9,113



At 31 March 2024

6,184
37,261
43,445



Net book value



At 31 March 2024
920
19,897
20,817



At 31 March 2023
894
15,071
15,965

Page 7

 
APRIL STRATEGY LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

Restated
2024
2023
£
£


Trade debtors
407,219
461,934

Other debtors
1,438
5,460

Prepayments and accrued income
14,726
7,913

423,383
475,307



6.


Cash and cash equivalents

Restated
2024
2023
£
£

Cash at bank and in hand
526,988
916,820

526,988
916,820



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
34,410
40,403

Other taxation and social security
46,571
116,040

Other creditors
15,088
9,542

Accruals and deferred income
109,627
200,276

205,696
366,261


Page 8

 
APRIL STRATEGY LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


Restated
2024
2023
£
£



Other amounts due to members
657,492
933,831

657,492
933,831

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

Restated
2024
2023
£
£



Falling due within one year
657,492
933,831

657,492
933,831

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


9.


Controlling party

The LLP is controlled by the designated members.


Page 9