Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue13falseNo description of principal activity15 OC427220 2023-05-01 2024-04-30 OC427220 2022-05-01 2023-04-30 OC427220 2024-04-30 OC427220 2023-04-30 OC427220 c:CurrentFinancialInstruments 2024-04-30 OC427220 c:CurrentFinancialInstruments 2023-04-30 OC427220 d:FRS102 2023-05-01 2024-04-30 OC427220 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC427220 d:FullAccounts 2023-05-01 2024-04-30 OC427220 d:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC427220 6 2023-05-01 2024-04-30 OC427220 d:PartnerLLP1 2023-05-01 2024-04-30 OC427220 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-04-30 OC427220 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-30 OC427220 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: OC427220










FDC CARRIED INTEREST LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FDC CARRIED INTEREST LLP
REGISTERED NUMBER: OC427220

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
2,628
2,628

  
2,628
2,628

Total assets less current liabilities
  
 
 
2,629
 
 
2,629

Net assets
  
2,629
2,629


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as equity
  
2,629
2,629


Total members' interests
  

Members' other interests
  
2,629
2,629


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 14 January 2025.




G Mold
Designated Member

The notes on pages 3 to 6 form part of these financial statements.

FDC Carried Interest 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 1

 
FDC CARRIED INTEREST LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 APRIL 2024




EQUITY
Members' other interests
Members' capital (classified as equity)
Total

£
£

Members' interests after profit for the year
1,000
1,000

Amounts introduced by members
1,629
1,629

Balance at 30 April 2023
2,629
2,629

Members' interests after profit for the year
2,629
2,629

Balance at 30 April 2024 
2,629
2,629

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 2

 
FDC CARRIED INTEREST LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

FDC Carried Interest LLP is a limited liability partnership incorporated in England. The LLP registration number is OC427220. The LLP's registered office is Church Street (11th Floor), Birmingham, West Midlands, B3 2RT. The principal activity of the LLP is holding investments.

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

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Financial instruments

Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Page 3

 
FDC CARRIED INTEREST LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

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.


Employees



The average monthly number of employees, including directors, during the year was 13 (2023 - 15).

Page 4

 
FDC CARRIED INTEREST LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 May 2023
1



At 30 April 2024
1

Page 5

 
FDC CARRIED INTEREST LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
2,628
2,628



6.


Controlling party

The ultimate controlling party of the LLP is considered to be the designated members in aggregate.

Page 6