Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity117truefalse OC356959 2023-04-01 2024-03-31 OC356959 2022-04-01 2023-03-31 OC356959 2024-03-31 OC356959 2023-03-31 OC356959 c:OfficeEquipment 2023-04-01 2024-03-31 OC356959 c:OfficeEquipment 2024-03-31 OC356959 c:OfficeEquipment 2023-03-31 OC356959 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC356959 c:CurrentFinancialInstruments 2024-03-31 OC356959 c:CurrentFinancialInstruments 2023-03-31 OC356959 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC356959 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC356959 d:FRS102 2023-04-01 2024-03-31 OC356959 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC356959 d:FullAccounts 2023-04-01 2024-03-31 OC356959 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC356959 c:WithinOneYear 2024-03-31 OC356959 c:WithinOneYear 2023-03-31 OC356959 c:BetweenOneFiveYears 2024-03-31 OC356959 c:BetweenOneFiveYears 2023-03-31 OC356959 2 2023-04-01 2024-03-31 OC356959 d:PartnerLLP3 2023-04-01 2024-03-31 OC356959 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC356959 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC356959 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC356959









BIRKETT GREEN LEES LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BIRKETT GREEN LEES LLP
REGISTERED NUMBER: OC356959

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
12,713
5,754

  
12,713
5,754

Current assets
  

Debtors: amounts falling due within one year
 6 
778,989
627,599

Cash at bank and in hand
 7 
1,223,002
1,320,720

  
2,001,991
1,948,319

Creditors: Amounts Falling Due Within One Year
 8 
(405,239)
(323,693)

Net current assets
  
 
 
1,596,752
 
 
1,624,626

Total assets less current liabilities
  
1,609,465
1,630,380

  

Net assets
  
1,609,465
1,630,380


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
1,609,465
1,630,380

  
1,609,465
1,630,380

  

  
1,609,465
1,630,380


Total members' interests
  

Loans and other debts due to members
 9 
1,609,465
1,630,380

  
1,609,465
1,630,380


Page 1

 
BIRKETT GREEN LEES LLP
REGISTERED NUMBER: OC356959
    
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 profit and loss account 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: 




S Lees
Designated member

Date: 2 December 2024

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

Birkett Green Lees 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

 
BIRKETT GREEN LEES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Birkett Green Lees LLP is a limited liability partnership incorporated in England & Wales under the Limited Liability Partnerships (Accounts and Audit) application of the Companies Act 2006. The address of the registered office is given on the LLP information page. The nature of the LLP's operations and its principal activites are set out in the Members' report.

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

Interest income

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

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 3

 
BIRKETT GREEN LEES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 .

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

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.

 
2.7

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.

 
2.8

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

 
BIRKETT GREEN LEES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 7).


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
30,012


Additions
11,197



At 31 March 2024

41,209



Depreciation


At 1 April 2023
24,258


Charge for the year on owned assets
4,238



At 31 March 2024

28,496



Net book value



At 31 March 2024
12,713



At 31 March 2023
5,754

Page 5

 
BIRKETT GREEN LEES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
750,650
600,194

Prepayments and accrued income
28,339
27,405

778,989
627,599



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,223,002
1,320,720

1,223,002
1,320,720



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45,959
14,889

Other taxation and social security
158,503
140,160

Other creditors
2,827
3,321

Accruals and deferred income
197,950
165,323

405,239
323,693


Page 6

 
BIRKETT GREEN LEES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
1,609,465
1,630,380

1,609,465
1,630,380

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

2024
2023
£
£



Falling due within one year
1,609,465
1,630,380

1,609,465
1,630,380

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


10.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £32,615 (2023: £28,046). Contributions totalling £22,827 (2023: £23,321) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
65,000
65,000

Later than 1 year and not later than 5 years
86,667
151,667

151,667
216,667

 
Page 7