Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312false2023-04-01falseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC307030 2023-03-31 OC307030 2023-04-01 2024-03-31 OC307030 2022-04-01 2023-03-31 OC307030 2024-03-31 OC307030 c:Micro-entities 2023-04-01 2024-03-31 OC307030 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC307030 c:FullAccounts 2023-04-01 2024-03-31 OC307030 c:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC307030 c:PartnerLLP1 2023-04-01 2024-03-31 OC307030 c:PartnerLLP2 2023-04-01 2024-03-31 OC307030 d:PoundSterling 2023-04-01 2024-03-31 xbrli:pure

Registered number: OC307030









METHUEN CONSULTING LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
METHUEN CONSULTING LLP
 

INFORMATION




Designated Members

Mr R A Symington
Mrs A S M Symington

 
METHUEN CONSULTING LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 4


 
METHUEN CONSULTING LLP
REGISTERED NUMBER: OC307030

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
  
30,689
45,519

Cash at bank and in hand
  
64,745
70,749

  
95,434
116,268

Creditors: Amounts Falling Due Within One Year
  
(26,102)
(44,715)

Net current assets
  
 
 
69,332
 
 
71,553

Total assets less current liabilities
  
69,332
71,553

  

Net assets
  
69,332
71,553


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 4 
69,332
71,553

  
69,332
71,553

  

  
69,332
71,553



These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro 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 entities subject to the small LLPs regime.

Page 1

 
METHUEN CONSULTING LLP
REGISTERED NUMBER: OC307030
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Mr R A Symington
Designated member

Date: 6 January 2025

The notes on pages 3 to 4 form part of these financial statements.

Methuen Consulting 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

 
METHUEN CONSULTING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General Information

Methuen LLP is a limited liability partnership incorporated in England and Wales, under registration number OC307030. The registered office is 67 Foxbourne Road, London, SW17 8EN.
The principal activity of the company during the year was the provision of financial services compliance consultancy.


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 Financial Reporting Standard 105 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".

 
2.2

Revenue

Turnover comprises revenue recognised by the LLP in respect of provision of financial services compliance consultancy during the year.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 3

 
METHUEN CONSULTING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of persons (including members) employed during the year was as follows:


        2024
        2023
            No.
            No.







Members
2
2


4.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
69,332
71,553

69,332
71,553

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

2024
2023
£
£



Falling due within one year
69,332
71,553

69,332
71,553

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

Page 4