Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3116No description of principal activity2023-04-01false16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC339213 2023-04-01 2024-03-31 OC339213 2022-04-01 2023-03-31 OC339213 2024-03-31 OC339213 2023-03-31 OC339213 c:MotorVehicles 2023-04-01 2024-03-31 OC339213 c:MotorVehicles 2024-03-31 OC339213 c:MotorVehicles 2023-03-31 OC339213 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC339213 c:FurnitureFittings 2023-04-01 2024-03-31 OC339213 c:FurnitureFittings 2024-03-31 OC339213 c:FurnitureFittings 2023-03-31 OC339213 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC339213 c:ComputerEquipment 2023-04-01 2024-03-31 OC339213 c:ComputerEquipment 2024-03-31 OC339213 c:ComputerEquipment 2023-03-31 OC339213 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC339213 c:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 OC339213 c:OtherPropertyPlantEquipment 2024-03-31 OC339213 c:OtherPropertyPlantEquipment 2023-03-31 OC339213 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC339213 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC339213 c:CurrentFinancialInstruments 2024-03-31 OC339213 c:CurrentFinancialInstruments 2023-03-31 OC339213 c:Non-currentFinancialInstruments 2024-03-31 OC339213 c:Non-currentFinancialInstruments 2023-03-31 OC339213 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC339213 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC339213 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC339213 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC339213 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC339213 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC339213 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC339213 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC339213 d:FRS102 2023-04-01 2024-03-31 OC339213 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC339213 d:FullAccounts 2023-04-01 2024-03-31 OC339213 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC339213 d:PartnerLLP1 2023-04-01 2024-03-31 OC339213 d:PartnerLLP2 2023-04-01 2024-03-31 OC339213 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC339213 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC339213 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC339213









JASWAL JOHNSTON LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
JASWAL JOHNSTON LLP
REGISTERED NUMBER: OC339213

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
125,219
164,006

  
125,219
164,006

Current assets
  

Debtors: amounts falling due within one year
 5 
431,813
364,344

Cash at bank and in hand
 6 
561,276
449,985

  
993,089
814,329

Creditors: Amounts Falling Due Within One Year
 7 
(239,217)
(303,350)

Net current assets
  
 
 
753,872
 
 
510,979

Total assets less current liabilities
  
879,091
674,985

Creditors: amounts falling due after more than one year
 8 
(83,594)
(142,147)

  
795,497
532,838

  

Net assets
  
795,497
532,838


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 11 
795,497
532,838

  
795,497
532,838

  

  
795,497
532,838


Total members' interests
  

Loans and other debts due to members
 11 
795,497
532,838

  
795,497
532,838


Page 1

 
JASWAL JOHNSTON LLP
REGISTERED NUMBER: OC339213
    
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 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: 




................................................
A Johnston
................................................
S Jaswal
Designated member
Designated member


Date: 13 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Jaswal Johnston 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

 
JASWAL JOHNSTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Jaswal Johnston LLP is a limited liability partnership incorporated in England & Wales. Its registered office is 32 Dover Street, London, England, W1S 4NE. 
The financial statements are presented in Sterling, which is the functional currency of the LLP.

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

 
JASWAL JOHNSTON 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, .

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
33% reducing balance
Other fixed assets
-
10% 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

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.

 
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

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
JASWAL JOHNSTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Leased assets: the LLP as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.8

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.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).

Page 5

 
JASWAL JOHNSTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
129,150
126,151
80,428
25,658
361,387


Additions
-
-
372
-
372


Disposals
-
-
-
(9,834)
(9,834)



At 31 March 2024

129,150
126,151
80,800
15,824
351,925



Depreciation


At 1 April 2023
53,663
58,620
70,267
14,832
197,382


Charge for the year on owned assets
18,872
5,949
3,511
992
29,324



At 31 March 2024

72,535
64,569
73,778
15,824
226,706



Net book value



At 31 March 2024
56,615
61,582
7,022
-
125,219



At 31 March 2023
75,488
67,531
10,161
10,826
164,006

Page 6

 
JASWAL JOHNSTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
91,623
50,266

Other debtors
22,086
22,038

Prepayments and accrued income
318,103
292,040

431,812
364,344



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
561,276
449,985

Less: bank overdrafts
(30,876)
(16,551)

530,400
433,434



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
30,876
16,551

Bank loans
50,000
85,000

Trade creditors
6,035
3,290

Other taxation and social security
89,493
85,578

Obligations under finance lease and hire purchase contracts
8,553
8,553

Other creditors
2,130
50,919

Accruals and deferred income
52,130
53,459

239,217
303,350


Page 7

 
JASWAL JOHNSTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
66,667
116,667

Net obligations under finance leases and hire purchase contracts
16,927
25,480

83,594
142,147



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,000
85,000


50,000
85,000

Amounts falling due 1-2 years

Bank loans
50,000
50,000


50,000
50,000

Amounts falling due 2-5 years

Bank loans
16,667
66,667


16,667
66,667


116,667
201,667


Page 8

 
JASWAL JOHNSTON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
8,553
8,553

After 1 year
16,667
25,480

25,220
34,033


11.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
795,497
532,838

795,497
532,838

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

2024
2023
£
£



Falling due within one year
795,497
532,838

795,497
532,838

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

 
Page 9