Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-11-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC402228 2023-11-01 2024-03-31 OC402228 2022-11-01 2023-10-31 OC402228 2024-03-31 OC402228 2023-10-31 OC402228 c:FurnitureFittings 2023-11-01 2024-03-31 OC402228 c:FurnitureFittings 2024-03-31 OC402228 c:FurnitureFittings 2023-10-31 OC402228 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-11-01 2024-03-31 OC402228 c:ComputerEquipment 2023-11-01 2024-03-31 OC402228 c:ComputerEquipment 2024-03-31 OC402228 c:ComputerEquipment 2023-10-31 OC402228 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-03-31 OC402228 c:OwnedOrFreeholdAssets 2023-11-01 2024-03-31 OC402228 c:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 OC402228 c:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 OC402228 c:CurrentFinancialInstruments 2024-03-31 OC402228 c:CurrentFinancialInstruments 2023-10-31 OC402228 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC402228 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 OC402228 d:FRS102 2023-11-01 2024-03-31 OC402228 d:AuditExempt-NoAccountantsReport 2023-11-01 2024-03-31 OC402228 d:FullAccounts 2023-11-01 2024-03-31 OC402228 d:LimitedLiabilityPartnershipLLP 2023-11-01 2024-03-31 OC402228 d:PartnerLLP1 2023-11-01 2024-03-31 OC402228 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC402228 c:FurtherSpecificReserve3ComponentTotalEquity 2023-10-31 OC402228 e:PoundSterling 2023-11-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC402228









ETLH LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
ETLH LLP
REGISTERED NUMBER: OC402228

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 October
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,532
1,117

  
2,532
1,117

Current assets
  

Stocks
  
121,379
78,833

Debtors: amounts falling due within one year
 5 
855,523
618,639

Cash at bank and in hand
 6 
387,579
136,515

  
1,364,481
833,987

Creditors: Amounts Falling Due Within One Year
 7 
(846,232)
(522,924)

Net current assets
  
 
 
518,249
 
 
311,063

Total assets less current liabilities
  
520,781
312,180

  

Net assets
  
520,781
312,180


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
520,781
312,180

  
520,781
312,180

  

  
520,781
312,180


Total members' interests
  

Loans and other debts due to members
 8 
520,781
312,180

  
520,781
312,180


Page 1

 
ETLH LLP
REGISTERED NUMBER: OC402228
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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: 




Ms E Shyfrin
Designated member

Date: 31 January 2025

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

ETLH 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

 
ETLH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

ETLH LLP is limited liability partnership incorporated in England & Wales, (Registered number OC402228). Its registered office is 101 New Cavendish Street, London, England, W1W 6XH. Its principal place of business is Apartment 3.4, 19 Trevor Square, London, SW7 1DZ. 

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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.

Page 3

 
ETLH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25%
reducing balance method
Computer equipment
-
25%
reducing balance method

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
ETLH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Intangible assets






Patents

£



Cost


At 1 November 2023
905



At 31 March 2024

905



Amortisation


At 1 November 2023
905



At 31 March 2024

905



Net book value



At 31 March 2024
-



At 31 October 2023
-



Page 5

 
ETLH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
-
1,208
1,208


Additions
1,632
-
1,632



At 31 March 2024

1,632
1,208
2,840



Depreciation


At 1 November 2023
-
90
90


Charge for the period on owned assets
102
116
218



At 31 March 2024

102
206
308



Net book value



At 31 March 2024
1,530
1,002
2,532



At 31 October 2023
-
1,117
1,117

Page 6

 
ETLH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
31 October
2024
2023
£
£


Trade debtors
723,590
612,294

Other debtors
129,967
4,212

Prepayments and accrued income
1,966
2,133

855,523
618,639



6.


Cash and cash equivalents

31 March
31 October
2024
2023
£
£

Cash at bank and in hand
387,579
136,515

387,579
136,515



7.


Creditors: Amounts falling due within one year

31 March
31 October
2024
2023
£
£

Trade creditors
387,100
321,072

Other taxation and social security
592
592

Other creditors
455,040
197,760

Accruals and deferred income
3,500
3,500

846,232
522,924


Page 7

 
ETLH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Loans and other debts due to members


31 March
31 October
2024
2023
£
£



Other amounts due to members
520,781
312,180

520,781
312,180

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

31 March
31 October
2024
2023
£
£



Falling due after more than one year
520,781
312,180

520,781
312,180

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

 
Page 8