Caseware UK (AP4) 2024.0.164 2024.0.164 falsetrue2023-05-01falseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NC001429 2023-05-01 2024-04-30 NC001429 2022-05-01 2023-04-30 NC001429 2024-04-30 NC001429 2023-04-30 NC001429 c:CurrentFinancialInstruments 2024-04-30 NC001429 c:CurrentFinancialInstruments 2023-04-30 NC001429 c:Non-currentFinancialInstruments 2024-04-30 NC001429 c:Non-currentFinancialInstruments 2023-04-30 NC001429 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 NC001429 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 NC001429 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-30 NC001429 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 NC001429 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-04-30 NC001429 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-30 NC001429 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-04-30 NC001429 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-04-30 NC001429 d:FRS102 2023-05-01 2024-04-30 NC001429 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NC001429 d:FullAccounts 2023-05-01 2024-04-30 NC001429 d:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 NC001429 2 2023-05-01 2024-04-30 NC001429 d:PartnerLLP1 2023-05-01 2024-04-30 NC001429 d:PartnerLLP2 2023-05-01 2024-04-30 NC001429 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-04-30 NC001429 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-30 NC001429 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-30 NC001429 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 NC001429 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: NC001429










O'Reilly Stewart Solicitors (Healthcare) LLP








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2024

 
O'Reilly Stewart Solicitors (Healthcare) LLP
Registered number: NC001429

Balance Sheet
As at 30 April 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
1,256,792
1,310,908

Cash at bank and in hand
 6 
68,711
5,381

  
1,325,503
1,316,289

Creditors: Amounts Falling Due Within One Year
 7 
(73,528)
(231,376)

Net current assets
  
 
 
1,251,975
 
 
1,084,913

Total assets less current liabilities
  
1,251,975
1,084,913

Creditors: amounts falling due after more than one year
 8 
(39,583)
(64,583)

  
1,212,392
1,020,330

  

Net assets
  
1,212,392
1,020,330


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
1,192,392
1,000,330

  
1,192,392
1,000,330

Members' other interests
  

Members' capital classified as equity
  
20,000
20,000

  
1,212,392
1,020,330


Total members' interests
  

Loans and other debts due to members
 10 
1,192,392
1,000,330

Members' other interests
  
20,000
20,000

  
1,212,392
1,020,330


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O'Reilly Stewart Solicitors (Healthcare) LLP
Registered number: NC001429

Balance Sheet (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 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: 




Mr P J Mullarkey
Mr S Gilmore on behalf of O'Reilly Stewart Solicitors Limited
Designated member
Designated member


Date: 24 January 2025

The notes on pages 4 to 8 form part of these financial statements.

O'Reilly Stewart Solicitors (Healthcare) 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.

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Page 2
 

 
O'Reilly Stewart Solicitors (Healthcare) LLP


 

Reconciliation of Members' Interests
For the Year Ended 30 April 2024






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Total
Other amounts
Total
Total

£
£
£
£
£

Members' interests after profit for the year
20,000
20,000
883,792
883,792
903,792

Amounts introduced by members and profit for the period
-
-
502,994
502,994
502,994

Drawings on account and distribution of profit
 
-
-
(386,456)
(386,456)
(386,456)

Amounts due to members
 


1,000,330
1,000,330


Balance at 30 April 2023
20,000
20,000
1,000,330
1,000,330
1,020,330

Amounts introduced by members and profit for the year
-
-
598,553
598,553
598,553

Drawings on account and distribution of profit
 
-
-
(406,491)
(406,491)
(406,491)

Amounts due to members
 


1,192,392
1,192,392


Balance at 30 April 2024 
20,000
20,000
1,192,392
1,192,392
1,212,392

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.

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O'Reilly Stewart Solicitors (Healthcare) LLP
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

1.


General information

The entity is a limited liability partnership incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

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

Going concern

The Members of O'Reilly Stewart Solictors Healthcare LLP has reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, O'Reilly Stewart Solictors Healthcare LLP continues to adopt the going concern basis in preparing the 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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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Page 4

 
O'Reilly Stewart Solicitors (Healthcare) LLP
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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 .

 
2.8

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.

 
2.9

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.

 
2.10

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 2 (2023 - 2).

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Page 5

 
O'Reilly Stewart Solicitors (Healthcare) LLP
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

4.


Information in relation to members

2024
2023
£
£



The average number of members during the period was:
2
2


5.


Debtors

2024
2023
£
£


Trade debtors
79,661
79,320

Other debtors
-
4,703

Prepayments and accrued income
1,177,131
1,226,885

1,256,792
1,310,908



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,711
5,381

Less: bank overdrafts
-
(52,366)

68,711
(46,985)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
52,366

Bank loans
25,000
25,000

Amounts owed to group undertakings
-
146,538

Other taxation and social security
41,022
-

Accruals and deferred income
7,506
7,472

73,528
231,376


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Page 6

 
O'Reilly Stewart Solicitors (Healthcare) LLP
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
39,583
64,583

39,583
64,583



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
25,000
25,000

Amounts falling due 1-2 years

Bank loans
25,000
25,000

Amounts falling due 2-5 years

Bank loans
14,583
39,583


64,583
89,583



10.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
1,192,392
1,000,330

1,192,392
1,000,330

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

2024
2023
£
£



Falling due within one year
1,192,392
1,000,330

1,192,392
1,000,330

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

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Page 7

 
O'Reilly Stewart Solicitors (Healthcare) LLP
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

11.


Client account balances

2024
2023
£
£



Client money bank balances
978,111
881,175

Client ledger control account
(978,111)
(881,175)

-
-

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Page 8