Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3142023-04-01falseprovide corporate legal services3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC343739 2023-04-01 2024-03-31 OC343739 2022-04-01 2023-03-31 OC343739 2024-03-31 OC343739 2023-03-31 OC343739 c:Buildings 2023-04-01 2024-03-31 OC343739 c:Buildings 2024-03-31 OC343739 c:Buildings 2023-03-31 OC343739 c:Buildings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC343739 c:Buildings c:ShortLeaseholdAssets 2023-04-01 2024-03-31 OC343739 c:Buildings c:ShortLeaseholdAssets 2024-03-31 OC343739 c:Buildings c:ShortLeaseholdAssets 2023-03-31 OC343739 c:LandBuildings 2024-03-31 OC343739 c:LandBuildings 2023-03-31 OC343739 c:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 OC343739 c:OtherPropertyPlantEquipment 2024-03-31 OC343739 c:OtherPropertyPlantEquipment 2023-03-31 OC343739 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC343739 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC343739 c:CurrentFinancialInstruments 2024-03-31 OC343739 c:CurrentFinancialInstruments 2023-03-31 OC343739 c:Non-currentFinancialInstruments 2024-03-31 OC343739 c:Non-currentFinancialInstruments 2023-03-31 OC343739 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC343739 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC343739 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC343739 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC343739 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC343739 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC343739 d:FRS102 2023-04-01 2024-03-31 OC343739 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC343739 d:FullAccounts 2023-04-01 2024-03-31 OC343739 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC343739 2 2023-04-01 2024-03-31 OC343739 d:PartnerLLP1 2023-04-01 2024-03-31 OC343739 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC343739 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC343739 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC343739 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC343739 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC343739









STEINFELD LAW LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
STEINFELD LAW LLP
REGISTERED NUMBER: OC343739

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,708
5,188

  
5,708
5,188

Current assets
  

Debtors: amounts falling due within one year
 5 
146,010
230,914

Cash at bank and in hand
  
174,051
17,126

  
320,061
248,040

Creditors: Amounts Falling Due Within One Year
 6 
(88,653)
(96,758)

Net current assets
  
 
 
231,408
 
 
151,282

Total assets less current liabilities
  
237,116
156,470

Creditors: amounts falling due after more than one year
 7 
(19,364)
(27,953)

  
217,752
128,517

  

Net assets
  
217,752
128,517


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
108,502
19,267

  
108,502
19,267

Members' other interests
  

Members' capital classified as equity

  

109,250
109,250

  
 
109,250
 
109,250

  
217,752
128,517


Total members' interests
  

Loans and other debts due to members
  
108,502
19,267

Members' other interests
  
109,250
109,250

  
217,752
128,517


Page 1

 
STEINFELD LAW LLP
REGISTERED NUMBER: OC343739
    
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: 




................................................
Michael Steinfeld
Designated member

Date: 22 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Steinfeld Law 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

 
STEINFELD LAW LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Steinfeld Law LLP is a limited liability partnership incorporated in England and Wales (registration number: OC343739). 
The registered office and principal place of business address is 22 Manchester Square, London, W1U 3PT. 
The principal activity of the LLP continued to be that of legal services.
The financial statements are presented in Sterling, which is the functional currency of the LLP.

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 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

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.

Page 3

 
STEINFELD LAW LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

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:

Short-term leasehold property
-
Over life of lease
Other fixed assets
-
25% 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.

 
2.7

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.

 
2.8

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

 
STEINFELD LAW LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 5

 
STEINFELD LAW LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Short- term leasehold property
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 April 2023
1,182
37,460
38,642


Additions
-
1,780
1,780



At 31 March 2024

1,182
39,240
40,422



Depreciation


At 1 April 2023
-
33,454
33,454


Charge for the year on owned assets
-
1,260
1,260



At 31 March 2024

-
34,714
34,714



Net book value



At 31 March 2024
1,182
4,526
5,708



At 31 March 2023
1,182
4,006
5,188




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Short leasehold
1,182
1,182

1,182
1,182


Page 6

 
STEINFELD LAW LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
62,397
90,174

Other debtors
5,000
5,000

Prepayments and accrued income
78,613
135,740

146,010
230,914



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,029
11,762

Other loans
40,000
30,806

Trade creditors
-
4,800

Other taxation and social security
25,798
37,383

Other creditors
826
7

Accruals and deferred income
12,000
12,000

88,653
96,758



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
19,364
27,953

19,364
27,953


Page 7

 
STEINFELD LAW LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,029
11,762

Other loans
40,000
30,806


50,029
42,568


Amounts falling due 2-5 years

Bank loans
19,364
27,953


19,364
27,953


69,393
70,521


 
Page 8