Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-315true5true2023-04-01falseProperty managementThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC438349 2023-04-01 2024-03-31 OC438349 2022-04-01 2023-03-31 OC438349 2024-03-31 OC438349 2023-03-31 OC438349 c:CurrentFinancialInstruments 2024-03-31 OC438349 c:CurrentFinancialInstruments 2023-03-31 OC438349 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC438349 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC438349 d:FRS102 2023-04-01 2024-03-31 OC438349 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC438349 d:FullAccounts 2023-04-01 2024-03-31 OC438349 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC438349 6 2023-04-01 2024-03-31 OC438349 d:PartnerLLP1 2023-04-01 2024-03-31 OC438349 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC438349 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC438349 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC438349 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC438349 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC438349 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC438349 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC438349










DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
 

CONTENTS



Page
Balance Sheet
1 - 2
Reconciliation of Members' Interests
3
Notes to the Financial Statements
4 - 7


 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
REGISTERED NUMBER: OC438349

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 3 
117,414
118,603

  
117,414
118,603

Current assets
  

Debtors: amounts falling due within one year
 4 
810
100

Cash at bank and in hand
 5 
5,077
-

  
5,887
100

Creditors: Amounts Falling Due Within One Year
 6 
(6,857)
(6,360)

Net current liabilities
  
 
 
(970)
 
 
(6,260)

Total assets less current liabilities
  
116,444
112,343

  

Net assets
  
116,444
112,343


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
(11,863)
(7,757)

  
(11,863)
(7,757)

Members' other interests
  

Members' capital classified as equity
  
100
100

Members' contributions classified as equity
  
128,207
120,000

  
 
128,307
 
120,100

  
116,444
112,343


Total members' interests
  

Loans and other debts due to members
 7 
(11,863)
(7,757)

Members' other interests
  
128,307
120,100

  
116,444
112,343


Page 1

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
REGISTERED NUMBER: OC438349
    
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 on 22 January 2025.




................................................
D Fryer
On behalf of Danescroft Land Limited
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024







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

£
£
£
£
£
£

Members' interests after profit for the year
100
120,000
120,100
-
-
120,100

Other division of losses
 
-
-
-
(7,757)
(7,757)
(7,757)

Amounts due to members
 



(7,757)
(7,757)


Balance at 31 March 2023
 
100
120,000
120,100
(7,757)
(7,757)
112,343

Members' interests after profit for the year
100
120,000
120,100
(7,757)
(7,757)
112,343

Other division of losses
-
-
-
(4,106)
(4,106)
(4,106)

Movement in reserves
 
-
8,207
8,207
-
-
8,207

Amounts due by members
 



(11,863)
(11,863)


Balance at 31 March 2024 
100
128,207
128,307
(11,863)
(11,863)
116,444

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 3

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Danescroft (Sunbury PM) LLP is a limited liability partnership incorporated in England and Wales
(OC438349). The registered office is Third Floor Queensbury House, 3 Old Burlington Street, London,
W1S 3AE.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in 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".

The following principal accounting policies have been applied:

 
2.2

Going concern

The LLP is currently reliant on its members for financial support. The members are committed to the
sustainment of the LLP and its property development activities and are confident that the LLP has the
resources to continune operating for at least 12 months from the date the financial statements are
authorised. The members have concluded that it is appropriate that the financial statements be
prepared on a going concern basis.

 
2.3

Valuation of investments

The valuation of the investment in the SPV is based on the entitiy's entitlement to the proportion of
the net assets of the SPV.

 
2.4

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.

 
2.5

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.

 
2.6

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 4

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due within 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 instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.
 
Page 5

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

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.


Fixed asset investments





Investments
Loans to investments
Fair value
Total

£
£
£
£



Cost or valuation


At 1 April 2023
97
120,000
(1,494)
118,603


Revaluations
-
-
(1,189)
(1,189)



At 31 March 2024
97
120,000
(2,683)
117,414




Unlisted investments represent 97% of the capital contribution in Danescroft (Sunbury) LLP, a limited partnership in which this LLP is a designated member.


4.


Debtors

2024
2023
£
£


Other debtors
710
-

Called up share capital not paid
100
100

810
100


Page 6

 
DANESCROFT (SUNBURY PROJECT MANAGEMENT) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,077
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,260
3,763

Amounts owed to group undertakings
97
97

Accruals and deferred income
2,500
2,500

6,857
6,360



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due by members
11,863
7,757





Page 7