Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-272023-11-27trueNo description of principal activityfalse102022-11-2810falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC414956 2022-11-28 2023-11-27 OC414956 2021-11-28 2022-11-27 OC414956 2023-11-27 OC414956 2022-11-27 OC414956 c:PlantMachinery 2022-11-28 2023-11-27 OC414956 c:PlantMachinery 2023-11-27 OC414956 c:PlantMachinery 2022-11-27 OC414956 c:CurrentFinancialInstruments 2023-11-27 OC414956 c:CurrentFinancialInstruments 2022-11-27 OC414956 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-27 OC414956 c:CurrentFinancialInstruments c:WithinOneYear 2022-11-27 OC414956 d:FRS102 2022-11-28 2023-11-27 OC414956 d:AuditExempt-NoAccountantsReport 2022-11-28 2023-11-27 OC414956 d:FullAccounts 2022-11-28 2023-11-27 OC414956 d:LimitedLiabilityPartnershipLLP 2022-11-28 2023-11-27 OC414956 d:PartnerLLP3 2022-11-28 2023-11-27 OC414956 c:FurtherSpecificReserve2ComponentTotalEquity 2023-11-27 OC414956 c:FurtherSpecificReserve2ComponentTotalEquity 2022-11-27 OC414956 c:FurtherSpecificReserve3ComponentTotalEquity 2023-11-27 OC414956 c:FurtherSpecificReserve3ComponentTotalEquity 2022-11-27 OC414956 e:PoundSterling 2022-11-28 2023-11-27 iso4217:GBP xbrli:pure

Registered number: OC414956









GARDENN HOUSE LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 NOVEMBER 2023

 
GARDENN HOUSE LLP
REGISTERED NUMBER: OC414956

STATEMENT OF FINANCIAL POSITION
AS AT 27 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
-
1,156,177

  
-
1,156,177

Creditors: Amounts Falling Due Within One Year
 5 
(1,500)
(7,307)

Net current (liabilities)/assets
  
 
 
(1,500)
 
 
1,148,870

Total assets less current liabilities
  
(1,500)
1,148,870

  

Net (liabilities)/assets
  
(1,500)
1,148,870


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
688,803
1,189,014

  
688,803
1,189,014

Members' other interests
  

Other reserves classified as equity
  
(690,303)
(40,144)

  
 
(690,303)
 
(40,144)

  
(1,500)
1,148,870


Total members' interests
  

Loans and other debts due to members
 6 
688,803
1,189,014

Members' other interests
  
(690,303)
(40,144)

  
(1,500)
1,148,870

Page 1

 
GARDENN HOUSE LLP
REGISTERED NUMBER: OC414956
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 27 NOVEMBER 2023

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 income statement 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 22 November 2024.




................................................
Nicholas John Robinson
Designated member

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

Gardenn House 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

 
GARDENN HOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023

1.Accounting policies

 
1.1

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:

 
1.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
GARDENN HOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023

1.Accounting policies (continued)

 
1.3

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 .

Profits of the LLP which are not yet divided among the members are shown under 'Other reserves' on the Statement of financial position, pending a discretionary decision to divide the profits.
Page 4

 
GARDENN HOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023

1.Accounting policies (continued)

 
1.4

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:

Plant and machinery
-
25%

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.

 
1.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
1.6

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.


Employees

2023
£

Wages and salaries
15,000

15,000


The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 5

 
GARDENN HOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023

3.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 28 November 2022
281



At 27 November 2023

281



Depreciation


At 28 November 2022
281



At 27 November 2023

281



Net book value



At 27 November 2023
-



At 27 November 2022
-


4.


Stocks

2023
2022
£
£

Stock
-
1,156,177

-
1,156,177



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,500

Other creditors
-
4,307

Accruals and deferred income
1,500
1,500

1,500
7,307


Page 6

 
GARDENN HOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023

6.


Loans and other debts due to members


2023
2022
£
£



Amounts due to members
688,803
1,189,014

688,803
1,189,014

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

2023
2022
£
£



Loan - N Robinson
-
213,190

Loan - J Robinson
688,803
904,775

Loan - A Robinson
-
71,049

688,803
1,189,014

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

 
Page 7