Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-283The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-06falseNo description of principal activityfalsetrue OC445688 2023-02-06 2024-02-28 OC445688 2022-03-01 2023-02-05 OC445688 2024-02-28 OC445688 2023-02-05 OC445688 c:Buildings 2023-02-06 2024-02-28 OC445688 c:Buildings 2024-02-28 OC445688 c:Buildings c:OwnedOrFreeholdAssets 2023-02-06 2024-02-28 OC445688 c:FurnitureFittings 2023-02-06 2024-02-28 OC445688 c:FurnitureFittings 2024-02-28 OC445688 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-02-06 2024-02-28 OC445688 c:OwnedOrFreeholdAssets 2023-02-06 2024-02-28 OC445688 c:CurrentFinancialInstruments 2024-02-28 OC445688 c:Non-currentFinancialInstruments 2024-02-28 OC445688 c:CurrentFinancialInstruments c:WithinOneYear 2024-02-28 OC445688 c:Non-currentFinancialInstruments c:AfterOneYear 2024-02-28 OC445688 c:OtherMiscellaneousReserve 2023-02-06 2024-02-28 OC445688 c:OtherMiscellaneousReserve 2024-02-28 OC445688 c:OtherMiscellaneousReserve 2023-02-05 OC445688 d:FRS102 2023-02-06 2024-02-28 OC445688 d:AuditExempt-NoAccountantsReport 2023-02-06 2024-02-28 OC445688 d:FullAccounts 2023-02-06 2024-02-28 OC445688 d:LimitedLiabilityPartnershipLLP 2023-02-06 2024-02-28 OC445688 d:PartnerLLP1 2023-02-06 2024-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-02-06 2024-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-02-05 OC445688 e:PoundSterling 2023-02-06 2024-02-28 iso4217:GBP xbrli:pure

Registered number: OC445688









DDR CAPITAL LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2024

 
DDR CAPITAL LLP
REGISTERED NUMBER: OC445688

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
2,282,393

  
2,282,393

Current assets
  

Debtors: amounts falling due within one year
  
1,800

Cash at bank and in hand
 6 
9,523

Creditors: Amounts Falling Due Within One Year
 7 
(9,937)

Net current assets
  
1,386

Total assets less current liabilities
  
2,283,779

Creditors: amounts falling due after more than one year
 8 
(1,063,800)

Net assets
  
1,219,979


Represented by:
  

Members' other interests
  

Members' capital classified as equity
  

  
1,219,979


Total members' interests
  

Members' other interests
  
1,219,979

  
1,219,979


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 were approved and authorised for issue by the members and were signed on their behalf on 30 January 2025.

................................................
Raymond Andrews
Designated member

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
DDR CAPITAL LLP
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2024


Members capital (classified as equity)
Other reserves
Total equity

£
£
£

At 6 February 2023
-
-
-


Comprehensive income for the period

Profit for period for discretionary division among members
-
47,879
47,879

Allocated profit
47,879
(47,879)
-


Contributions by and distributions to members

Capital introduced by members
1,222,500
-
1,222,500

Capital amounts repaid to members
(50,400)
-
(50,400)


At 28 February 2024
1,219,979
-
1,219,979

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

Page 2

 
DDR CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.


General information

DDR Capital LLP is a partnership limited by its liability, incorporated in England and Wales, registration number OC445688. The address of the registered office is 261 Kenton Road, Harrow, England, HA3 0HQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the members believe adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these 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

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 period in which they are incurred.

Page 3

 
DDR CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
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:

Freehold property
-
No depreciation
Fixtures and fittings
-
20%

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

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.

Page 4

 
DDR CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
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 persons (including members with contracts of employment) employed during the period was as follows:


  13 months ended
     28 February
        2024
            No.






Members
3


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
2,282,000
400
2,282,400



At 28 February 2024

2,282,000
400
2,282,400



Depreciation


Charge for the period on owned assets
-
7
7



At 28 February 2024

-
7
7



Net book value



At 28 February 2024
2,282,000
393
2,282,393

Page 5

 
DDR CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

5.


Debtors

2024
£


Trade debtors
1,800

1,800



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
9,523

9,523



7.


Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income
9,937

9,937



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
1,059,500

Other creditors
4,300

1,063,800


Page 6

 
DDR CAPITAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

9.


Reconciliation of members' interests 





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

£
£
£

Profit for the period available for discretionary division among members
 
-
47,879
47,879

Members' interests after profit for the period
-
47,879
47,879

Other division of profits
47,879
(47,879)
-

Amounts introduced by members
1,222,500
-
1,222,500

Repayment of capital
(50,400)
-
(50,400)

Balance at 28 February 2024 
1,219,979
-
1,219,979

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 7