Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01No description of principal activity0truetrue0true OC430069 2023-01-01 2023-12-31 OC430069 2022-01-01 2022-12-31 OC430069 2023-12-31 OC430069 2022-12-31 OC430069 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 OC430069 c:FRS102 2023-01-01 2023-12-31 OC430069 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC430069 c:FullAccounts 2023-01-01 2023-12-31 OC430069 c:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC430069 c:PartnerLLP2 2023-01-01 2023-12-31 OC430069 d:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC430069









R & L BRAND LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
R & L BRAND LLP
REGISTERED NUMBER: OC430069

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
-
230,882

  
-
230,882

Total assets less current liabilities
  
 
 
-
 
 
230,882

  

Net assets
  
-
230,882


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 5 
-
230,882

  

  
-
230,882


Total members' interests
  

Loans and other debts due to members
 5 
-
230,882

  
-
230,882


Page 1

 
R & L BRAND LLP
REGISTERED NUMBER: OC430069
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 480 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: 

L Brand
Designated member

Date: 6 January 2025

The notes on pages 3 to 5 form part of these financial statements.

R & L Brand 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

 
R & L BRAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

R & L Brand LLP ('the LLP') is a limited liability partnership incorporated under the Limited Liability Partnerships Act 2000 and domiciled in England. The address of the LLP's registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the LLP 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, the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the LLP's accounting policies.
Details of those estimates and/or judgments made in applying the LLP's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Functional and presentational currency

Items included in the financial statements of the LLP are measured using the currency of the primary economic environment in which the LLP operates (the "functional currency".
The functional currency of the LLP and the currency in which the financial statements are presented (the "presentational currency") is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

Page 3

 
R & L BRAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Going concern

In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the members have reviewed the LLP’s principal and emerging risks, access to funding and liquidity position and the LLP's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
Based on their assessment, the members are of the conclusion that the LLP will have, available at its disposal, adequate resources to continue in operational existence for the foreseeable future.
While there will always remain an inherent uncertainty, the members have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the LLP to continue as a going concern and therefore consider it both appropriate to continue to adopt the going concern basis in preparing the LLP's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

  
2.5

Taxation

Taxation payable on profits of the LLP is the sole liability of the LLP's members. Consequently, neither income taxation nor related deferred taxation is accounted for in the financial statements of the LLP.

 
2.6

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 within other reserves as part of members' total interests. Members may draw a proportion of their profit shares during the period in which it is made available subject to the cash requirements of the business.

 
2.7

Cash and cash equivalents

Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash balances are held at floating interest rates linked to UK bank rates.

Page 4

 
R & L BRAND LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the LLP's accounting policies, the members are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Although the expected outcome of said estimates and assumptions will, by definition, seldom equal the related actual results; estimates and judgments made are continually reevaluated and are based on historical experience as well as other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In the opinion of the members, there were no critical judgments made in applying the entity's accounting policies nor any estimates and/or assumptions made that would be considered as having a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
230,882



5.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
-
230,882

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

2023
2022
£
£



Falling due within one year
-
230,882

-
230,882

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

Page 5