Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2922023-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2falseNo description of principal activitytruefalse OC390963 2023-03-01 2024-02-29 OC390963 2022-03-01 2023-02-28 OC390963 2024-02-29 OC390963 2023-02-28 OC390963 c:ComputerEquipment 2023-03-01 2024-02-29 OC390963 c:ComputerEquipment 2024-02-29 OC390963 c:ComputerEquipment 2023-02-28 OC390963 c:CurrentFinancialInstruments 2024-02-29 OC390963 c:CurrentFinancialInstruments 2023-02-28 OC390963 c:CurrentFinancialInstruments c:WithinOneYear 2024-02-29 OC390963 c:CurrentFinancialInstruments c:WithinOneYear 2023-02-28 OC390963 d:FRS102 2023-03-01 2024-02-29 OC390963 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 OC390963 d:FullAccounts 2023-03-01 2024-02-29 OC390963 d:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-29 OC390963 d:PartnerLLP1 2023-03-01 2024-02-29 OC390963 c:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 OC390963 c:FurtherSpecificReserve3ComponentTotalEquity 2023-02-28 OC390963 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: OC390963



DAX TRADE LLP

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
DAX TRADE LLP
REGISTERED NUMBER: OC390963

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
180
180

Cash at bank and in hand
  
6,457
6,836

  
6,637
7,016

Creditors: Amounts Falling Due Within One Year
 5 
(180)
(180)

Net current assets
  
 
 
6,457
 
 
6,836

Total assets less current liabilities
  
6,457
6,836

  

Net assets
  
6,457
6,836


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
6,457
6,836

  
6,457
6,836

  

  
6,457
6,836


Total members' interests
  

Loans and other debts due to members
 6 
6,457
6,836

  
6,457
6,836


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
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DAX TRADE LLP
REGISTERED NUMBER: OC390963
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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 25 November 2024.




Erno Beke
Designated member

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

Page 2

 
DAX TRADE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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

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.

 
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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

Page 3

 
DAX TRADE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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:

Computer equipment
-
3 years 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.

 
1.5

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.

 
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

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
DAX TRADE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 March 2023
1,663



At 29 February 2024

1,663



Depreciation


At 1 March 2023
1,663



At 29 February 2024

1,663



Net book value



At 29 February 2024
-



At 28 February 2023
-

Page 5

 
DAX TRADE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
180
180

180
180



5.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Accruals and deferred income
180
180

180
180



6.


Loans and other debts due to members


29 February
28 February
2024
2023
£
£



Other amounts due to members
6,457
6,836

6,457
6,836



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

 
Page 6