Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalsetrue2023-05-013No description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC302202 2023-05-01 2024-03-31 OC302202 2022-05-01 2023-04-30 OC302202 2024-03-31 OC302202 2023-04-30 OC302202 c:Buildings 2023-05-01 2024-03-31 OC302202 c:CurrentFinancialInstruments 2024-03-31 OC302202 c:CurrentFinancialInstruments 2023-04-30 OC302202 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC302202 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC302202 d:FRS102 2023-05-01 2024-03-31 OC302202 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 OC302202 d:FullAccounts 2023-05-01 2024-03-31 OC302202 d:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 OC302202 2 2023-05-01 2024-03-31 OC302202 d:PartnerLLP5 2023-05-01 2024-03-31 OC302202 d:PartnerLLP6 2023-05-01 2024-03-31 OC302202 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC302202 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC302202 e:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC302202










LSI ARCHITECTS LLP








UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
LSI ARCHITECTS LLP
REGISTERED NUMBER: OC302202

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1,382

Bank & cash balances
  
4,356
4,936

  
4,356
6,318

Creditors: Amounts Falling Due Within One Year
 5 
(380)
(1,750)

Net current assets
  
 
 
3,976
 
 
4,568

Total assets less current liabilities
  
3,976
4,568

  

Net assets
  
3,976
4,568

Page 1

 
LSI ARCHITECTS LLP
REGISTERED NUMBER: OC302202
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
3,976
4,568

  
3,976
4,568

  

  
3,976
4,568


Total members' interests
  

Loans and other debts due to members
 6 
3,976
4,568

  
3,976
4,568


Page 2

 
LSI ARCHITECTS LLP
REGISTERED NUMBER: OC302202
    
STATEMENT OF FINANCIAL POSITION (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 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 by: 




................................................
B K J Goode
................................................
R H Kitchen
Designated member
Designated member


Date: 15 January 2025

The notes on pages 4 to 6 form part of these financial statements.

LSI Architects 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 3

 
LSI ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

LSI Architects LLP is a limited liability partnership incorporated in England within the United Kingdom. The address of the registered office is The Old Drill Hall, 23A Cattle Market Street, Norwich, Norfolk, NR1 3DY.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Turnover

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

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
LSI ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
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. 

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

 
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.

 
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.

Page 5

 
LSI ARCHITECTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 - 3).


4.


Debtors

31 March
30 April
2024
2023
£
£


Other debtors
-
1,382

-
1,382



5.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Accruals and deferred income
380
1,750

380
1,750



6.


Loans and other debts due to members


31 March
30 April
2024
2023
£
£



Other amounts due to members
3,976
4,568

3,976
4,568

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



 
Page 6