Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2023-04-01No description of principal activity1 OC421184 2023-04-01 2024-03-31 OC421184 2022-04-01 2023-03-31 OC421184 2024-03-31 OC421184 2023-03-31 OC421184 c:FreeholdInvestmentProperty 2024-03-31 OC421184 c:FreeholdInvestmentProperty 2023-03-31 OC421184 c:CurrentFinancialInstruments 2024-03-31 OC421184 c:CurrentFinancialInstruments 2023-03-31 OC421184 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC421184 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC421184 d:FRS102 2023-04-01 2024-03-31 OC421184 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC421184 d:FullAccounts 2023-04-01 2024-03-31 OC421184 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC421184 d:PartnerLLP1 2023-04-01 2024-03-31 OC421184 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC421184 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC421184









FINDING FABULOUS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FINDING FABULOUS LLP
REGISTERED NUMBER: OC421184

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Investment property
 3 
8,725,000
8,725,000

  
8,725,000
8,725,000

  

Creditors: Amounts Falling Due Within One Year
 4 
(93,798)
(93,773)

Net current liabilities
  
 
 
(93,798)
 
 
(93,773)

Total assets less current liabilities
  
8,631,202
8,631,227

  

Net assets
  
8,631,202
8,631,227


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 5 
8,631,202
8,631,227

  
8,631,202
8,631,227

  

  
8,631,202
8,631,227


Total members' interests
  

Loans and other debts due to members
 5 
8,631,202
8,631,227

  
8,631,202
8,631,227


Page 1

 
FINDING FABULOUS LLP
REGISTERED NUMBER: OC421184
    
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 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: 




I Sterling
Designated member

Date: 22 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Finding Fabulous 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

 
FINDING FABULOUS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The entity is a limited liability partnership incorporated in England and Wales. The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, England, United Kingdom, W1W 6XH.

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

Revenue

Revenue 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:

Rendering of services

Revenue 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 revenue 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

Borrowing costs

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

 
2.4

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

 
FINDING FABULOUS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
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.


3.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
8,725,000



At 31 March 2024
8,725,000

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



At 31 March 2024





4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
120
120

Amounts owed to group undertakings
74,396
74,396

Accruals and deferred income
19,282
19,257

93,798
93,773


Page 4

 
FINDING FABULOUS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
8,631,202
8,631,227

8,631,202
8,631,227

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

2024
2023
£
£



Falling due within one year
8,631,202
8,631,227

8,631,202
8,631,227

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

 
Page 5