Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true1192023-05-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC359822 2023-05-01 2024-04-30 OC359822 2022-05-01 2023-04-30 OC359822 2024-04-30 OC359822 2023-04-30 OC359822 c:FurnitureFittings 2023-05-01 2024-04-30 OC359822 c:FurnitureFittings 2024-04-30 OC359822 c:FurnitureFittings 2023-04-30 OC359822 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 OC359822 c:ComputerEquipment 2023-05-01 2024-04-30 OC359822 c:ComputerEquipment 2024-04-30 OC359822 c:ComputerEquipment 2023-04-30 OC359822 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 OC359822 c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 OC359822 c:CurrentFinancialInstruments 2024-04-30 OC359822 c:CurrentFinancialInstruments 2023-04-30 OC359822 c:CurrentFinancialInstruments 2 2024-04-30 OC359822 c:CurrentFinancialInstruments 2 2023-04-30 OC359822 c:Non-currentFinancialInstruments 2024-04-30 OC359822 c:Non-currentFinancialInstruments 2023-04-30 OC359822 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 OC359822 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC359822 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-30 OC359822 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 OC359822 e:FRS102 2023-05-01 2024-04-30 OC359822 e:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC359822 e:FullAccounts 2023-05-01 2024-04-30 OC359822 e:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC359822 c:WithinOneYear 2024-04-30 OC359822 c:WithinOneYear 2023-04-30 OC359822 c:BetweenOneFiveYears 2024-04-30 OC359822 c:BetweenOneFiveYears 2023-04-30 OC359822 6 2023-05-01 2024-04-30 OC359822 e:PartnerLLP1 2023-05-01 2024-04-30 OC359822 e:PartnerLLP2 2023-05-01 2024-04-30 OC359822 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-30 OC359822 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC359822 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: OC359822







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


ELBORNE MITCHELL LLP






































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ELBORNE MITCHELL LLP
 



INFORMATION




Designated Members

T W B Brentnall
K C Payne

LLP registered number

OC359822

Registered office

Token House11-12 Token House YardLondonEC2R 7AS

Accountants

Menzies LLPRichmond HouseWalkern RoadStevenageHertfordshireSG1 3QP


 


ELBORNE MITCHELL LLP
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


ELBORNE MITCHELL LLP
REGISTERED NUMBER:OC359822



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,783
9,423

Investments
 5 
57
57

  
5,840
9,480

Current assets
  

Debtors: amounts falling due within one year
 6 
1,418,223
792,383

Cash at bank and in hand
  
768,858
407,866

  
2,187,081
1,200,249

Creditors: Amounts Falling Due Within One Year
 7 
(763,203)
(406,582)

Net current assets
  
 
 
1,423,878
 
 
793,667

Total assets less current liabilities
  
1,429,718
803,147

Creditors: amounts falling due after more than one year
 8 
(51,187)
(170,441)

  
1,378,531
632,706

  

Net assets attributable to members
  
1,378,531
632,706


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
296,000
296,000

Other amounts
 9 
1,082,531
336,706

  
1,378,531
632,706

  

  
1,378,531
632,706


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(4,092)
(22,052)

Loans and other debts due to members
 9 
1,378,531
632,706

  
1,374,439
610,654


Page 1

 


ELBORNE MITCHELL LLP
REGISTERED NUMBER:OC359822


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 income statement 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: 




................................................
T W B Brentnall
Designated member

Date: 30 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Elborne Mitchell 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

 


ELBORNE MITCHELL LLP
 


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

1.


General information

Elborne Mitchell LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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

Exemption from preparing consolidated financial statements

The financial statements contain information about Elborne Mitchell LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

 
2.3

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.

Revenue in respect of consignment fee assignments (over and above any agreed minimum fee which is recognised as above) is recognised in the financial period when the contingent event occurs and recoverability of the fee is assured.

 
2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 


ELBORNE MITCHELL LLP
 


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

2.Accounting policies (continued)

 
2.5

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 accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.6

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 the profit and loss account.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
33%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 


ELBORNE MITCHELL LLP
 


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

2.Accounting policies (continued)

  
2.9

Amounts recoverable on contract

Amounts recoverable on contract is provided in respect of revenue recognised by the company but not billed at the reporting date. The provision is recognised with reference to time incurred on a specific matter and anticipated recovery value.

 
2.10

Financial instruments

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


3.


Employees

The average monthly number of persons employed during the year was as follows:


        2024
        2023
            No.
            No.







Employees
11
9


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
2,432
52,662
55,094


Additions
-
1,207
1,207



At 30 April 2024

2,432
53,869
56,301



Depreciation


At 1 May 2023
2,416
43,255
45,671


Charge for the year on owned assets
16
4,831
4,847



At 30 April 2024

2,432
48,086
50,518



Net book value



At 30 April 2024
-
5,783
5,783



At 30 April 2023
16
9,407
9,423

Page 5

 


ELBORNE MITCHELL LLP
 


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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
57



At 30 April 2024
57





6.


Debtors

2024
2023
£
£


Trade debtors
964,812
588,449

Amounts recoverable on contract
350,025
81,999

Other debtors
33,487
17,020

Prepayments and accrued income
65,807
82,863

Amounts due from members
4,092
22,052

1,418,223
792,383



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
555,931
140,581

Other taxation and social security
37,369
45,552

Other creditors
156,073
199,450

Accruals and deferred income
13,830
20,999

763,203
406,582



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
51,187
170,441

51,187
170,441


Page 6

 


ELBORNE MITCHELL LLP
 


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

9.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
296,000
296,000

Other amounts due to members
1,082,531
336,706

1,378,531
632,706

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

2024
2023
£
£



Falling due within one year
1,378,531
632,706

1,378,531
632,706

In the event of a winding up of the firm, the other amounts of loans and other debts due to members rank equally with unsecured creditors. Members' capital and amounts included within members' others interests rank after unsecured creditors. No additional protection is afforded to creditors.


10.


Commitments under operating leases

At 30 April 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
92,319
51,060

Later than 1 year and not later than 5 years
45,792
-

138,111
51,060

 
Page 7