Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC307236 2023-04-01 2024-03-31 OC307236 2022-04-01 2023-03-31 OC307236 2024-03-31 OC307236 2023-03-31 OC307236 c:PlantMachinery 2023-04-01 2024-03-31 OC307236 c:PlantMachinery 2024-03-31 OC307236 c:PlantMachinery 2023-03-31 OC307236 c:MotorVehicles 2023-04-01 2024-03-31 OC307236 c:MotorVehicles 2024-03-31 OC307236 c:MotorVehicles 2023-03-31 OC307236 c:FurnitureFittings 2023-04-01 2024-03-31 OC307236 c:FurnitureFittings 2024-03-31 OC307236 c:FurnitureFittings 2023-03-31 OC307236 c:OfficeEquipment 2023-04-01 2024-03-31 OC307236 c:OfficeEquipment 2024-03-31 OC307236 c:OfficeEquipment 2023-03-31 OC307236 c:CurrentFinancialInstruments 2024-03-31 OC307236 c:CurrentFinancialInstruments 2023-03-31 OC307236 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC307236 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC307236 d:FRS102 2023-04-01 2024-03-31 OC307236 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC307236 d:FullAccounts 2023-04-01 2024-03-31 OC307236 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC307236 2 2023-04-01 2024-03-31 OC307236 d:PartnerLLP1 2023-04-01 2024-03-31 OC307236 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC307236










ABODE ARCHITECTS LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ABODE ARCHITECTS LLP
REGISTERED NUMBER: OC307236

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
7,112
9,139

Debtors: amounts falling due within one year
 6 
5,232
6,483

Cash at bank and in hand
  
58,035
169,792

  
70,379
185,414

Creditors: Amounts Falling Due Within One Year
 7 
(7,979)
(8,358)

Net current assets
  
 
 
62,400
 
 
177,056

Total assets less current liabilities
  
62,400
177,056

  

Net assets
  
62,400
177,056


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
62,400
177,056

  

  
62,400
177,056


Total members' interests
  

Loans and other debts due to members
 8 
62,400
177,056

  
62,400
177,056


Page 1

 
ABODE ARCHITECTS LLP
REGISTERED NUMBER: OC307236
    
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 by: 






Mrs R A Tomkins
Designated member

Date: 21 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Abode Architects 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

 
ABODE ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Abode Architects LLP, OC307236, is a Limited Liability Partnership.  It is incorporated in England & Wales.  The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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

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.

 
2.3

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.

Page 3

 
ABODE ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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
-
33% straight line
Motor vehicles
-
25% Straight line
Fixtures and fittings
-
33% straight line
Office 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.

 
2.4

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 .

 
2.5

Work in progress

Work in progress is valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.6

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.

 
2.7

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.

Page 4

 
ABODE ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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 receipts 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.

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.

 
2.9

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.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
ABODE ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Interest income

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


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
ABODE ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
24,782
14,875
7,387
11,101
58,145


Disposals
(3,792)
-
(1,675)
(4,034)
(9,501)



At 31 March 2024

20,990
14,875
5,712
7,067
48,644



Depreciation


At 1 April 2023
24,782
14,875
7,387
11,101
58,145


Disposals
(3,792)
-
(1,675)
(4,034)
(9,501)



At 31 March 2024

20,990
14,875
5,712
7,067
48,644



Net book value



At 31 March 2024
-
-
-
-
-



At 31 March 2023
-
-
-
-
-


5.


Stocks

2024
2023
£
£

Work in progress
7,112
9,139



6.


Debtors

2024
2023
£
£


Trade debtors
-
584

Prepayments and accrued income
5,232
5,899

5,232
6,483


Page 7

 
ABODE ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,217
948

Other taxation and social security
4,762
5,410

Accruals and deferred income
2,000
2,000

7,979
8,358



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(62,400)
(177,056)

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

2024
2023
£
£



Falling due within one year
(62,400)
(177,056)

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 ultimate control of the Limited Liability Partnership is split jointly between the two members.

 
Page 8