Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-055true2023-04-06falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC335434 2023-04-06 2024-04-05 OC335434 2022-04-06 2023-04-05 OC335434 2024-04-05 OC335434 2023-04-05 OC335434 c:PlantMachinery 2023-04-06 2024-04-05 OC335434 c:PlantMachinery 2024-04-05 OC335434 c:PlantMachinery 2023-04-05 OC335434 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC335434 c:MotorVehicles 2023-04-06 2024-04-05 OC335434 c:MotorVehicles 2024-04-05 OC335434 c:MotorVehicles 2023-04-05 OC335434 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC335434 c:ComputerEquipment 2023-04-06 2024-04-05 OC335434 c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC335434 c:CurrentFinancialInstruments 2024-04-05 OC335434 c:CurrentFinancialInstruments 2023-04-05 OC335434 c:Non-currentFinancialInstruments 2024-04-05 OC335434 c:Non-currentFinancialInstruments 2023-04-05 OC335434 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC335434 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC335434 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-05 OC335434 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-05 OC335434 d:FRS102 2023-04-06 2024-04-05 OC335434 d:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC335434 d:FullAccounts 2023-04-06 2024-04-05 OC335434 d:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC335434 d:PartnerLLP1 2023-04-06 2024-04-05 OC335434 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-04-05 OC335434 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-05 OC335434 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-05 OC335434 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-05 OC335434 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: OC335434









CENTRELAND MANAGEMENT LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
CENTRELAND MANAGEMENT LLP
REGISTERED NUMBER: OC335434

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
53,330
20,924

  
53,330
20,924

Current assets
  

Debtors: amounts falling due within one year
 5 
47,243
21,222

Cash at bank and in hand
  
145,965
258,489

  
193,208
279,711

Creditors: Amounts Falling Due Within One Year
 6 
(66,597)
(61,041)

Net current assets
  
 
 
126,611
 
 
218,670

Total assets less current liabilities
  
179,941
239,594

Creditors: amounts falling due after more than one year
 7 
(14,454)
(20,459)

  
165,487
219,135

  

Net assets
  
165,487
219,135


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
90,487
144,135

  
90,487
144,135

Members' other interests
  

Members' capital classified as equity
  
75,000
75,000

  
 
75,000
 
75,000

  
165,487
219,135


Total members' interests
  

Loans and other debts due to members
 8 
90,487
144,135

Members' other interests
  
75,000
75,000

  
165,487
219,135


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.

Page 1

 
CENTRELAND MANAGEMENT LLP
REGISTERED NUMBER: OC335434
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2024

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 2 December 2024.

Mr H W Davis
Designated member
The notes on pages 3 to 8 form part of these financial statements.

Centreland Management 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

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Centreland Management LLP is a limited liability partnership registered in England & Wales. The address of its registered office is Bolsover House, 5-6 Clipstone Street, London W1W 6BB. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Going concern

The Members consider that the LLP will be able to continue to pay its debts as they fall due within the next twelve months and accordingly these financial statements are prepared on the going concern basis. 

 
2.3

Currency

The LLP's functional and presentational currency is GBP.

 
2.4

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.

 
2.5

Finance costs

Finance costs are charged to profit or loss evenly over the term of the hire purchase agreements.

Page 3

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.6

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 the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.7

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 .

 
2.8

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, as follows.

Depreciation is provided on the following basis:

Motor vehicles
-
25% per annum straight line
Computer equipment
-
straight line over three years

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 the income statement.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. 

Page 4

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 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. 

 
2.11

Creditors

Creditors are measured at the transaction price. 

 
2.12

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.


3.


Employees

The average monthly number of persons employed during the year was 5 (2023 - 5) 


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 6 April 2023
38,466
38,750
77,216


Additions
1,124
55,705
56,829



At 5 April 2024

39,590
94,455
134,045



Depreciation


At 6 April 2023
36,916
19,376
56,292


Charge for the year on owned assets
1,309
23,114
24,423



At 5 April 2024

38,225
42,490
80,715



Net book value



At 5 April 2024
1,365
51,965
53,330



At 5 April 2023
1,550
19,374
20,924

Page 5

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

           4.Tangible fixed assets (continued)



Page 6

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,834
289

Prepayments and accrued income
44,409
20,933

47,243
21,222



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15,478
6,497

Other taxation and social security
36,114
41,039

Hire purchase contracts
6,005
6,005

Accruals
9,000
7,500

66,597
61,041



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Hire purchase contracts
14,454
20,459

14,454
20,459


Page 7

 
CENTRELAND MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
90,487
144,135

90,487
144,135

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

2024
2023
£
£



Falling due within one year
(90,487)
(144,135)

(90,487)
(144,135)

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

 
Page 8