Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31true2023-08-01falseprovision of legal services4351trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC319423 2023-08-01 2024-07-31 OC319423 2022-08-01 2023-07-31 OC319423 2024-07-31 OC319423 2023-07-31 OC319423 c:OfficeEquipment 2023-08-01 2024-07-31 OC319423 c:OfficeEquipment 2024-07-31 OC319423 c:OfficeEquipment 2023-07-31 OC319423 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 OC319423 c:CurrentFinancialInstruments 2024-07-31 OC319423 c:CurrentFinancialInstruments 2023-07-31 OC319423 c:Non-currentFinancialInstruments 2024-07-31 OC319423 c:Non-currentFinancialInstruments 2023-07-31 OC319423 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 OC319423 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 OC319423 c:Non-currentFinancialInstruments c:AfterOneYear 2024-07-31 OC319423 c:Non-currentFinancialInstruments c:AfterOneYear 2023-07-31 OC319423 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-07-31 OC319423 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-31 OC319423 d:FRS102 2023-08-01 2024-07-31 OC319423 d:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 OC319423 d:FullAccounts 2023-08-01 2024-07-31 OC319423 d:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC319423 2 2023-08-01 2024-07-31 OC319423 6 2023-08-01 2024-07-31 OC319423 d:PartnerLLP4 2023-08-01 2024-07-31 OC319423 c:FurtherSpecificReserve3ComponentTotalEquity 2024-07-31 OC319423 c:FurtherSpecificReserve3ComponentTotalEquity 2023-07-31 OC319423 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: OC319423









BARR ELLISON LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BARR ELLISON LLP
REGISTERED NUMBER: OC319423

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
35,722
38,660

Investments
 5 
100,000
100,000

  
135,722
138,660

CURRENT ASSETS
  

Stocks
  
709,166
282,558

Debtors: amounts falling due within one year
 6 
2,511,972
2,909,920

Cash at bank and in hand
  
511,552
968,246

  
3,732,690
4,160,724

Creditors: Amounts Falling Due Within One Year
 7 
(1,046,935)
(1,025,204)

NET CURRENT ASSETS
  
 
 
2,685,755
 
 
3,135,520

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,821,477
3,274,180

Creditors: amounts falling due after more than one year
 8 
(754,814)
(470,061)

  
2,066,663
2,804,119

PROVISIONS FOR LIABILITIES
  

Other provisions
 9 
(147,865)
(147,865)

  
 
 
(147,865)
 
 
(147,865)

NET ASSETS
  
1,918,798
2,656,254


REPRESENTED BY:
  

LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
  

Members' capital classified as a liability
  
1,918,798
2,656,254

  
1,918,798
2,656,254

  

  
1,918,798
2,656,254


TOTAL MEMBERS' INTERESTS
  

Loans and other debts due to members
  
1,918,798
2,656,254

  
1,918,798
2,656,254

Page 1

 
BARR ELLISON LLP
REGISTERED NUMBER: OC319423
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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: 




K M Peck
Designated member

Date: 27 January 2025

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

Barr Ellison 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

 
BARR ELLISON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


GENERAL INFORMATION

Barr Ellison LLP is a limited liability partnership incorporated in England and Wales. Its registered office is 39 Parkside, Cambridge, CB1 1PN.
The LLP's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the LLP is respect of services supplied during the year, exclusive of Value Added Tax.
Unbilled time, where the ability to recover fees on a matter is non contingent, is recognised on the basis of time spent, discounted for recovery rates on different types of work, and is valued at the amount expected to be billed in respect of that time. This is included within Current Assets as Amounts Recoverable on Contracts.

 
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.

 
2.5

BORROWING COSTS

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

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 3

 
BARR ELLISON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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:

Office equipment
-
25% - 33.33% 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.

 
2.8

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 .

 
2.9

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

WORK IN PROGRESS AND AMOUNTS RECOVERABLE ON CONTRACTS

Amounts Recoverable on Contracts are reviewed on a monthly basis. The methodology for the valuation is applied consistently assessing all matters individually for the carrying value of the work done to date, using the methodology described in 2.2.

 
2.11

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.

Page 4

 
BARR ELLISON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

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.

 
2.13

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.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 43 (2023 - 51).

Page 5

 
BARR ELLISON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST


At 1 August 2023
641,882


Additions
13,168



At 31 July 2024

655,050



DEPRECIATION


At 1 August 2023
603,222


Charge for the year on owned assets
16,106



At 31 July 2024

619,328



NET BOOK VALUE



At 31 July 2024
35,722



At 31 July 2023
38,660


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


At 1 August 2023
100,000



At 31 July 2024
100,000




Page 6

 
BARR ELLISON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


DEBTORS

2024
2023
£
£

Trade debtors
925,327
798,659

Other debtors
97,015
79,586

Prepayments and accrued income
119,085
80,267

Amounts recoverable on long term contracts
1,370,545
1,951,408

2,511,972
2,909,920



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
123,600
123,600

Other loans
47,874
42,987

Trade creditors
19,149
21,722

Amounts owed to group undertakings
100,000
100,000

Other taxation and social security
325,756
317,137

Other creditors
238,265
266,872

Accruals and deferred income
192,291
152,886

1,046,935
1,025,204


Other creditors include contributions of £13,277 (2023 - £13,480) payable to the LLP's defined contribution pension scheme at the balance sheet date.
Other loans are unsecured and bear interest at a rate of 7.54% - 9.17% per annum. 

The following liabilities were secured:

2024
2023
£
£


Bank loans
123,600
123,600

Details of security provided:

Bank loans include a fixed rate loan that bears interest at a rate of 2.36% per annum. National Westminster Plc hold a fixed and floating charge over the assets of the LLP as security for bank borrowings.

Page 7

 
BARR ELLISON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
343,454
470,061

Other creditors
411,360
-

754,814
470,061


The following liabilities were secured:

2024
2023
£
£


Bank loans
343,454
470,061

Details of security provided:

Bank loans include a fixed rate loan that bears interest at a rate of 2.36% per annum. National Westminster Plc hold a fixed and floating charge over the assets of the LLP as security for bank borrowings.


9.


PROVISIONS





Dilapidations provision

£


At 1 August 2023
147,865



AT 31 JULY 2024
147,865

Operational leases for properties that the firm occupies contain a requirement for the premises to be returned to their original state at the conclusion of the lease. The above dilapidation provision constitutes the accumulated cost of reinstating the properties to their original state as at 31 July 2024. The members have provided this estimate based on professional advice received.


10.FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included on the balance sheet amount to £76,189 (2023 - £117,286).

 
Page 8

 
BARR ELLISON LLP
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BARR ELLISON LLP
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Barr Ellison LLP for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Barr Ellison LLP and state those matters that we have agreed to state to the Barr Ellison LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barr Ellison LLP and its members for our work or for this report. 

It is your duty to ensure that Barr Ellison LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Barr Ellison LLP. You consider that Barr Ellison LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Barr Ellison LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Peters Elworthy & Moore
 
Chartered Accountants
  
Salisbury House
Station Road
Cambridge
CB1 2LA
 N.B. The date of signing should be entered in 'ACCOUNTS COMPLETION' section 
 
Date: 
 Page 9