Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-04-01falseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC444673 2023-04-01 2024-03-31 OC444673 2022-11-15 2023-03-31 OC444673 2024-03-31 OC444673 2023-03-31 OC444673 c:MotorVehicles 2023-04-01 2024-03-31 OC444673 c:MotorVehicles 2024-03-31 OC444673 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC444673 c:CurrentFinancialInstruments 2024-03-31 OC444673 c:CurrentFinancialInstruments 2023-03-31 OC444673 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC444673 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC444673 d:FRS102 2023-04-01 2024-03-31 OC444673 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC444673 d:FullAccounts 2023-04-01 2024-03-31 OC444673 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC444673 d:PartnerLLP3 2023-04-01 2024-03-31 OC444673 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC444673









PPHC LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
PPHC LLP
REGISTERED NUMBER: OC444673

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,711
-

Current assets
  

Debtors: amounts falling due within one year
 5 
54,900
77,212

Creditors: Amounts Falling Due Within One Year
 6 
(109,998)
(68,770)

Net current (liabilities)/assets
  
 
 
(55,098)
 
 
8,442

Total assets less current liabilities
  
3,613
8,442

  

Net assets
  
3,613
8,442


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
3,613
8,442

  

  
3,613
8,442


Total members' interests
  

Loans and other debts due to members
 7 
3,613
8,442

  
3,613
8,442


Page 1

 
PPHC LLP
REGISTERED NUMBER: OC444673
    
BALANCE SHEET (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 on 31 January 2025.




Mr H Carter
Designated member

The notes on pages 4 to 7 form part of these financial statements.

PPHC 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

 
PPHC LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024




DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts
Total

£
£

Members' remuneration charged as an expense
 
4,180
4,180

Members' interests after profit for the year
4,180
4,180

Amounts introduced by members
140,000
140,000

Drawings on account and distribution of profit
 
(135,738)
(135,738)

Amounts due to members
 
8,442
8,442

Balance at 31 March 2023
8,442
8,442

Members' remuneration charged as an expense
 
(8,690)
(8,690)

Members' interests after profit for the year
(248)
(248)

Amounts introduced by members
141,000
141,000

Drawings on account and distribution of profit
 
(137,139)
(137,139)

Amounts due to members
 
3,613
3,613

Balance at 31 March 2024 
3,613
3,613

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 3

 
PPHC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

PPHC LLP ("the LLP") is a limited liability partnership and is incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, United Kingdom, E11 1GA.

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:

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.

 
2.3

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 Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 4

 
PPHC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 both automatically and discretionarily. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in . 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.

 
2.5

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:

Motor vehicles
-
20%
straight line

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.

 
2.6

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

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 5

 
PPHC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including members, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
73,389



At 31 March 2024

73,389



Depreciation


Charge for the year on owned assets
14,678



At 31 March 2024

14,678



Net book value



At 31 March 2024
58,711


5.


Debtors

2024
2023
£
£


Other debtors
25,100
68,912

Prepayments and accrued income
29,800
8,300

54,900
77,212


Page 6

 
PPHC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
600
-

Other taxation and social security
3,707
-

Other creditors
101,671
66,750

Accruals and deferred income
4,020
2,020

109,998
68,770



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
3,613
8,442

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

2024
2023
£
£



Falling due within one year
3,613
8,442

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


8.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £200 (2023 - £nil). Contributions totalling £533 (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7