Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseThe principal activity of the LLP is that of property consultancy22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC423833 2023-04-01 2024-03-31 OC423833 2022-04-01 2023-03-31 OC423833 2024-03-31 OC423833 2023-03-31 OC423833 c:OfficeEquipment 2023-04-01 2024-03-31 OC423833 c:OfficeEquipment 2024-03-31 OC423833 c:OfficeEquipment 2023-03-31 OC423833 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC423833 c:ComputerEquipment 2023-04-01 2024-03-31 OC423833 c:ComputerEquipment 2024-03-31 OC423833 c:ComputerEquipment 2023-03-31 OC423833 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC423833 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC423833 c:CurrentFinancialInstruments 2024-03-31 OC423833 c:CurrentFinancialInstruments 2023-03-31 OC423833 c:CurrentFinancialInstruments 2 2024-03-31 OC423833 c:CurrentFinancialInstruments 2 2023-03-31 OC423833 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC423833 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC423833 e:FRS102 2023-04-01 2024-03-31 OC423833 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC423833 e:FullAccounts 2023-04-01 2024-03-31 OC423833 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC423833 e:PartnerLLP2 2023-04-01 2024-03-31 OC423833 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC423833 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC423833 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC423833














AW & RH PARRACK LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
AW & RH PARRACK LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Reconciliation of members' interests
 
3
Notes to the financial statements
 
4 - 7


 
AW & RH PARRACK LLP
REGISTERED NUMBER:OC423833

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,075
1,881

  
1,075
1,881

Current assets
  

Debtors: amounts falling due within one year
 5 
-
12,915

Cash at bank and in hand
 6 
111,619
-

  
111,619
12,915

Creditors: Amounts Falling Due Within One Year
 7 
(15,900)
(14,796)

Net current assets/(liabilities)
  
 
 
95,719
 
 
(1,881)

Total assets less current liabilities
  
96,794
-

  

Net assets
  
96,794
-


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
96,794
-

  
96,794
-

  

  
96,794
-


Total members' interests
  

Amounts due from members (included in debtors)
 5 
-
(12,915)

Loans and other debts due to members
 8 
96,794
-

  
96,794
(12,915)


1

 
AW & RH PARRACK LLP
REGISTERED NUMBER:OC423833
    
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 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 on 23 January 2025.




A W Parrack
Designated member

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

AW & RH Parrack 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.

2

 
AW & RH PARRACK 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
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Profit for the year available for discretionary division among members
 
138,772
138,772
-
-
138,772

Members' interests after profit for the year
138,772
138,772
4,135
4,135
142,907

Other division of profits
(138,772)
(138,772)
138,772
138,772
-

Amounts introduced by members
-
-
52,505
52,505
52,505

Drawings on account and distribution of profit
-
-
(208,326)
(208,326)
(208,326)

Amounts due from members
 


(12,915)
(12,915)


Balance at 31 March 2023
-
-
(12,915)
(12,915)
(12,915)

Profit for the year available for discretionary division among members
 
274,416
274,416
-
-
274,416

Members' interests after profit for the year
274,416
274,416
(12,915)
(12,915)
261,501

Other division of profits
(274,416)
(274,416)
274,416
274,416
-

Amounts introduced by members
-
-
55,923
55,923
55,923

Drawings on account and distribution of profit
 
-
-
(220,630)
(220,630)
(220,630)

Amounts due to members
 


96,794
96,794


Balance at 31 March 2024 
-
-
96,794
96,794
96,794

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.

3

 
AW & RH PARRACK LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

AW & RH Parrack LLP is a limited liability partnership, registered in England and Wales, registration number OC423833. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and trading address is 67 Drax Avenue, London, SW20 0EZ.
The principal activity of the LLP is that of property consultancy.

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 LLP's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

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 .

 
2.4

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.

4

 
AW & RH PARRACK LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
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
-
20%
straight line
Computer 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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from other third parties and loans related to parties. 


3.


Employees




The average monthly number of employees, including members, during the year was 2 (2023 - 2).

5

 
AW & RH PARRACK LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 April 2023
934
3,762
4,696



At 31 March 2024

934
3,762
4,696



Depreciation


At 1 April 2023
498
2,317
2,815


Charge for the year
161
645
806



At 31 March 2024

659
2,962
3,621



Net book value



At 31 March 2024
275
800
1,075



At 31 March 2023
437
1,445
1,882


5.


Debtors

2024
2023
£
£


Amounts due from members
-
12,915



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
111,619
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
10,180
9,845

Accruals and deferred income
5,720
4,951

15,900
14,796


6

 
AW & RH PARRACK LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
96,794
-

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

2024
2023
£
£



Falling due within one year
96,794
-

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

 
7