Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity36falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC398753 2023-04-01 2024-03-31 OC398753 2022-04-01 2023-03-31 OC398753 2024-03-31 OC398753 2023-03-31 OC398753 c:FurnitureFittings 2023-04-01 2024-03-31 OC398753 c:OfficeEquipment 2023-04-01 2024-03-31 OC398753 c:OfficeEquipment 2024-03-31 OC398753 c:OfficeEquipment 2023-03-31 OC398753 c:ComputerEquipment 2023-04-01 2024-03-31 OC398753 c:ComputerEquipment 2024-03-31 OC398753 c:ComputerEquipment 2023-03-31 OC398753 c:CurrentFinancialInstruments 2024-03-31 OC398753 c:CurrentFinancialInstruments 2023-03-31 OC398753 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC398753 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC398753 d:FRS102 2023-04-01 2024-03-31 OC398753 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC398753 d:FullAccounts 2023-04-01 2024-03-31 OC398753 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC398753 d:PartnerLLP1 2023-04-01 2024-03-31 OC398753 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC398753 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC398753 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC398753 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC398753 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC398753









TYBURN MANAGEMENT LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TYBURN MANAGEMENT LLP
REGISTERED NUMBER: OC398753

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
112,193
195,141

Cash at bank and in hand
  
146,234
86,612

  
258,427
281,753

Creditors: Amounts Falling Due Within One Year
 6 
(26,590)
(53,046)

Net current assets
  
 
 
231,837
 
 
228,707

Total assets less current liabilities
  
231,837
228,707

  

Net assets
  
231,837
228,707


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
230,837
227,707

  
230,837
227,707

Members' other interests
  

Members' capital classified as equity
  
1,000
1,000

  
 
1,000
 
1,000

  
231,837
228,707


Total members' interests
  

Loans and other debts due to members
 7 
230,837
227,707

Members' other interests
  
1,000
1,000

  
231,837
228,707

Page 1

 
TYBURN MANAGEMENT LLP
REGISTERED NUMBER: OC398753
    
BALANCE SHEET (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 27 November 2024.




J T Noble
Designated member

The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
TYBURN MANAGEMENT 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)
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 
215,370
215,370


Balance at 1 April 2022 
1,000
1,000
215,370
215,370
216,370

Members' remuneration charged as an expense
-
-
12,337
12,337
12,337

Members' interests after profit for the year
1,000
1,000
227,707
227,707
228,707

Amounts due to members
227,707
227,707

Balance at 31 March 2023
1,000
1,000
227,708
227,708
228,708

Members' remuneration charged as an expense
-
-
3,129
3,129
3,129

Members' interests after profit for the year
1,000
1,000
230,837
230,837
231,837

Amounts due to members
230,837
230,837

Balance at 31 March 2024 
1,000
1,000
230,837
230,837
231,837

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

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

 
TYBURN MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Tyburn Management LLP is a limited liability partnership incorporated in registered in England and Wales, United Kingdom, with a registration number OC398753. The address of the registered office is 273 High Street, Epping, Essex, CM16 4DA. The principal activity during the period continued to be that of Construction and Property Consultants.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The financial statements are prepared in Sterling which is the functional currency of the LLP, round to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the valuation of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on the proportion of completion. Where the payments are received from customers in advance of services provided, the amounts are recorded as payments on account and included as part of creditors due within one year.

 
2.3

Tangible fixed assets

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
-
25% on cost
Computer equipment
-
33% on cost

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 4

 
TYBURN MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Pensions

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit and loss in the period to which they relate.

  
2.5

Taxation

The LLP is not liable to taxation. Any liability for taxation arising on profits from the LLP is borne by the members. A retention from profits is made to fund payments of taxation on members' behalf. The retention is reflected in loans and other debts due to members and payments are charged against this retention. 

  
2.6

Equity

Each designated member is required to subscribe a proportion of this capital, known as Members  Capital as stated in the members agreement. No interest is paid on this capital. 

  
2.7

Allocation of profits and drawings

The allocation of profits and losses to members occurs regularly throughout the period, such that on approval of the annual financial statements, all profits realised by the partnership in the relevant period has been allocated to members. 
During the period, members receive monthly drawings and from time to time, additional payments. The level and timing of the drawings is decided by the board, taking into account the partnership's cash requirements for operating and investing activities. Both the monthly and other drawings represent payments on account of current period profits. Any over-distribution of profits during the period is recoverable from members. 

 
2.8

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 .

 
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.

Page 5

 
TYBURN MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
 
Page 6

 
TYBURN MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees during the year was 3 (2023 - 6).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
7,420
16,152
23,572


Disposals
-
(13,844)
(13,844)



At 31 March 2024

7,420
2,308
9,728



Depreciation


At 1 April 2023
7,420
16,152
23,572


Disposals
-
(13,844)
(13,844)



At 31 March 2024

7,420
2,308
9,728



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
-
-
-
Page 7

 
TYBURN MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
71,428
123,534

Other debtors
18,522
30,344

Prepayments and accrued income
-
965

Amounts recoverable on long-term contracts
22,243
40,298

112,193
195,141



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,171
6,326

Other taxation and social security
13,941
39,598

Other creditors
5,000
1,524

Accruals and deferred income
1,478
5,598

26,590
53,046


Page 8

 
TYBURN MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
230,837
227,707

230,837
227,707

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

2024
2023
£
£



Falling due within one year
230,837
227,707

230,837
227,707

All the amounts reflected in loans and other debts due to members relate to allocated profits. There are no loans or other amounts payable to members. 
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. Members' equity interests would rank behind unsecured creditors in any winding up. 
There are no restrictions or limitations existing on the ability of the members to reduce the amount of members' interests. 

 
Page 9