Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-314true2023-04-01falseNo description of principal activity4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC403725 2023-04-01 2024-03-31 OC403725 2022-04-01 2023-03-31 OC403725 2024-03-31 OC403725 2023-03-31 OC403725 c:MotorVehicles 2023-04-01 2024-03-31 OC403725 c:MotorVehicles 2024-03-31 OC403725 c:MotorVehicles 2023-03-31 OC403725 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC403725 c:FurnitureFittings 2023-04-01 2024-03-31 OC403725 c:FurnitureFittings 2024-03-31 OC403725 c:FurnitureFittings 2023-03-31 OC403725 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC403725 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC403725 c:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 OC403725 c:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 OC403725 c:CurrentFinancialInstruments 2024-03-31 OC403725 c:CurrentFinancialInstruments 2023-03-31 OC403725 c:Non-currentFinancialInstruments 2024-03-31 OC403725 c:Non-currentFinancialInstruments 2023-03-31 OC403725 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC403725 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC403725 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC403725 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC403725 d:FRS102 2023-04-01 2024-03-31 OC403725 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC403725 d:FullAccounts 2023-04-01 2024-03-31 OC403725 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC403725 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 OC403725 c:HirePurchaseContracts c:WithinOneYear 2023-03-31 OC403725 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 OC403725 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-03-31 OC403725 2 2023-04-01 2024-03-31 OC403725 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-03-31 OC403725 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-03-31 OC403725 c:LeasedAssetsHeldAsLessee 2024-03-31 OC403725 c:LeasedAssetsHeldAsLessee 2023-03-31 OC403725 d:PartnerLLP3 2023-04-01 2024-03-31 OC403725 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC403725 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC403725 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC403725 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC403725 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC403725










THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
REGISTERED NUMBER: OC403725

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
56,270
64,447

  
56,270
64,447

Current assets
  

Stocks
 6 
5,000
5,000

Debtors: amounts falling due within one year
 7 
30,520
26,972

Cash at bank and in hand
  
891,781
767,730

  
927,301
799,702

Creditors: Amounts Falling Due Within One Year
 8 
(62,006)
(24,673)

Net current assets
  
 
 
865,295
 
 
775,029

Total assets less current liabilities
  
921,565
839,476

Creditors: amounts falling due after more than one year
 9 
-
(29,857)

  
921,565
809,619

  

Net assets
  
921,565
809,619


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 11 
911,465
799,519

  
911,465
799,519

Members' other interests
  

Members' capital classified as equity
  
10,100
10,100

  
 
10,100
 
10,100

  
921,565
809,619


Total members' interests
  

Loans and other debts due to members
 11 
911,465
799,519

Members' other interests
  
10,100
10,100

  
921,565
809,619


Page 1

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
REGISTERED NUMBER: OC403725
    
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: 




................................................
D S Costain
Designated member

Date: 8 January 2025

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

The Gait and Posture Centre (Harley Street) 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

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The partnership is a private limited liability partnership, and is incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 comprises fees receivable on the provision of podiatric treatment and 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:

 
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.

 
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 .

Page 3

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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. 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.

Page 4

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Page 5

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Intangible assets




Patents

£



Cost


At 1 April 2023
5,000



At 31 March 2024

5,000



Amortisation


At 1 April 2023
5,000



At 31 March 2024

5,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 6

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
61,690
48,008
109,698


Additions
-
8,915
8,915



At 31 March 2024

61,690
56,923
118,613



Depreciation


At 1 April 2023
13,310
31,941
45,251


Charge for the year 
12,095
4,997
17,092



At 31 March 2024

25,405
36,938
62,343



Net book value



At 31 March 2024
36,285
19,985
56,270



At 31 March 2023
48,380
16,067
64,447

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
36,285
48,380

36,285
48,380


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
5,000
5,000


Page 7

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
27,430
24,052

Prepayments and accrued income
3,089
2,920

30,519
26,972



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,090
6,150

Obligations under finance lease and hire purchase contracts
31,046
7,136

Other creditors
7,310
6,887

Accruals and deferred income
13,560
4,500

62,006
24,673



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
29,857



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
31,046
7,136

Between 1-5 years
-
29,857

31,046
36,993

Page 8

 
THE GAIT AND POSTURE CENTRE (HARLEY STREET) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
911,465
799,519

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

2024
2023
£
£



Falling due within one year
911,465
799,519

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

 
Page 9