Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-052024-04-052023-04-06falsefalseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC366922 2023-04-06 2024-04-05 OC366922 2022-04-06 2023-04-05 OC366922 2024-04-05 OC366922 2023-04-05 OC366922 c:OfficeEquipment 2023-04-06 2024-04-05 OC366922 c:OfficeEquipment 2024-04-05 OC366922 c:OfficeEquipment 2023-04-05 OC366922 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC366922 c:FreeholdInvestmentProperty 2024-04-05 OC366922 c:FreeholdInvestmentProperty 2023-04-05 OC366922 c:CurrentFinancialInstruments 2024-04-05 OC366922 c:CurrentFinancialInstruments 2023-04-05 OC366922 c:Non-currentFinancialInstruments 2024-04-05 OC366922 c:Non-currentFinancialInstruments 2023-04-05 OC366922 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC366922 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC366922 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-05 OC366922 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-05 OC366922 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-04-05 OC366922 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-05 OC366922 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-04-05 OC366922 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-04-05 OC366922 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-04-05 OC366922 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-04-05 OC366922 d:FRS102 2023-04-06 2024-04-05 OC366922 d:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC366922 d:FullAccounts 2023-04-06 2024-04-05 OC366922 d:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC366922 d:PartnerLLP1 2023-04-06 2024-04-05 OC366922 c:FurtherSpecificReserve2ComponentTotalEquity 2024-04-05 OC366922 c:FurtherSpecificReserve2ComponentTotalEquity 2023-04-05 OC366922 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-05 OC366922 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-05 OC366922 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: OC366922









149 KENHIGH LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2024

 
149 KENHIGH LLP
REGISTERED NUMBER: OC366922

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,367
8,502

Investment property
 5 
4,150,000
4,150,000

  
4,162,367
4,158,502

Current assets
  

Debtors: amounts falling due within one year
 6 
5,119
4,741

Cash at bank and in hand
 7 
165,768
113,182

  
170,887
117,923

Creditors: Amounts Falling Due Within One Year
 8 
(57,253)
(57,571)

Net current assets
  
 
 
113,634
 
 
60,352

Total assets less current liabilities
  
4,276,001
4,218,854

Creditors: amounts falling due after more than one year
 9 
(27,280)
(32,004)

  
4,248,721
4,186,850

  

Net assets
  
4,248,721
4,186,850


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
650,100
650,100

Other amounts
 11 
2,622,869
2,560,998

  
3,272,969
3,211,098

Members' other interests
  

Other reserves classified as equity
  
975,752
975,752

  
 
975,752
 
975,752

  
4,248,721
4,186,850


Total members' interests
  

Loans and other debts due to members
 11 
3,272,969
3,211,098

Members' other interests
  
975,752
975,752

  
4,248,721
4,186,850

Page 1

 
149 KENHIGH LLP
REGISTERED NUMBER: OC366922
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024


Page 2

 
149 KENHIGH LLP
REGISTERED NUMBER: OC366922
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 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 profit and loss account 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: 




Jonathan Beck
Designated member

Date: 14 January 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
149 KENHIGH LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 5 APRIL 2024







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Revaluation reserves
Total
Members' capital (classified as debt)
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members 

650,100
2,885,494
3,535,594


Balance at 1 April 2022 
975,752
975,752
650,100
2,885,494
3,535,594
4,511,346

Members' remuneration charged as an expense
-
-
-
133,424
133,424
133,424

Members' interests after profit for the year
 
975,752
975,752
650,100
3,018,918
3,669,018
4,644,770

Amounts introduced by members
-
-
-
22,080
22,080
22,080

Repayment of debt
-
-
-
(480,000)
(480,000)
(480,000)

Amounts due to members
650,100
2,560,998
3,211,098

Balance at 5 April 2023
975,752
975,752
650,100
2,560,998
3,211,098
4,186,850

Members' remuneration charged as an expense
 
-
-
-
138,872
138,872
138,872

Members' interests after profit for the year
975,752
975,752
650,100
2,699,870
3,349,970
4,325,722

Amounts introduced by members
-
-
-
12,080
12,080
12,080

Repayment of debt
-
-
-
(89,080)
(89,080)
(89,080)

Amounts due to members
 


650,100
2,622,869
3,272,969


Balance at 5 April 2024 
975,752
975,752
650,100
2,622,869
3,272,969
4,248,721

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

149 Kenhigh LLP is a limited liability partnership incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The partnership's principal activity is that of investment property.
The financial statements are presented in sterling which is the functional currency of the partnership and
rounded to the nearest pound.
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.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.

 
2.2

Revenue

Turnover comprises revenue recognised by the LLP in respect of rents received from the investment property owned by the LLP, exclusive of Value Added Tax. 

Page 5

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

  
2.3

Members' capital

In accordance with Section 22 of FRS102, its application within the LLP SORP and the constitutional arrangement of the LLP;
Equity comprises:
i.  Member’s capital subscribed or otherwise contributed where the LLP has an unconditional     right to refuse repayment or obligation to pay a return on those amounts. 
ii. Other reserves relating to non-automatic profit share arrangements which have not been     divided as at the reporting end date. 
iii. Revaluation reserve.
Debt comprises:
i.  Member’s capital subscribed or otherwise contributed where the LLP has no unconditional     right to refuse repayment. 
ii. Profits automatically divided as they arise or amounts paid under an employment contract     which remain unpaid.
Members’ remuneration:
i.  Remuneration paid under an employment contract, automatic division of profits and other     payments due from member’s participation rights under debt obligations (including interest)    are charged to the Statement of Comprehensive Income.
ii. Discretionary division of profits are treated as an allocation of profit from equity (other     Interests) within the Reconciliation of Members’ Interest. 

 
2.4

Borrowing costs

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

 
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

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 6

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 6 April 2023
27,676


Additions
7,087



At 5 April 2024

34,763



Depreciation


At 6 April 2023
19,174


Charge for the year on owned assets
3,222



At 5 April 2024

22,396



Net book value



At 5 April 2024
12,367



At 5 April 2023
8,502


5.


Investment property


Freehold investment property

£



Valuation


At 6 April 2023
4,150,000



At 5 April 2024
4,150,000

The 2024 valuations were made by the members, on an open market value for existing use basis.






Page 8

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
5,119
4,741

5,119
4,741



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
165,768
113,182

165,768
113,182



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,629
4,629

Other taxation and social security
13,927
14,473

Other creditors
130
103

Accruals and deferred income
38,567
38,366

57,253
57,571



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,280
32,004

27,280
32,004


Page 9

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,629
4,629


4,629
4,629

Amounts falling due 1-2 years

Bank loans
4,629
4,629


4,629
4,629

Amounts falling due 2-5 years

Bank loans
13,888
13,888


13,888
13,888

Amounts falling due after more than 5 years

Bank loans
8,763
13,487

8,763
13,487

31,909
36,633


Page 10

 
149 KENHIGH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

11.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
650,100
650,100

Other amounts due to members
2,622,869
2,560,998

3,272,969
3,211,098

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

2024
2023
£
£



Falling due within one year
3,272,969
3,211,098

3,272,969
3,211,098

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

 
Page 11