Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-310true2023-04-01Real estate management and consultancyfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false0 OC435040 2023-04-01 2024-03-31 OC435040 2022-04-01 2023-03-31 OC435040 2024-03-31 OC435040 2023-03-31 OC435040 c:CurrentFinancialInstruments 2024-03-31 OC435040 c:CurrentFinancialInstruments 2023-03-31 OC435040 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC435040 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC435040 d:FRS102 2023-04-01 2024-03-31 OC435040 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC435040 d:FullAccounts 2023-04-01 2024-03-31 OC435040 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC435040 d:PartnerLLP1 2023-04-01 2024-03-31 OC435040 d:PartnerLLP2 2023-04-01 2024-03-31 OC435040 c:FurtherSpecificReserve4ComponentTotalEquity 2024-03-31 OC435040 c:FurtherSpecificReserve4ComponentTotalEquity 2023-03-31 OC435040 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC435040 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC435040









FLAGPOINT PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FLAGPOINT PARTNERS LLP
 

INFORMATION



Designated Members
C Brill-Edwards
D Schlegel

LLP registered number
OC435040

Registered office
29 Farm Street
London
W1J 5RL

Accountants
Rawlinson & Hunter LLP
Chartered Accountants
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ


 
FLAGPOINT PARTNERS LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 5


 
FLAGPOINT PARTNERS LLP
REGISTERED NUMBER: OC435040

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
31,126
15,751

Cash at bank and in hand
 5 
212
214

  
31,338
15,965

Creditors: amounts falling due within one year
 6 
(4,020)
(4,200)

Net current assets
  
 
 
27,318
 
 
11,765

Total assets less current liabilities
  
27,318
11,765

  

Net assets
  
27,318
11,765


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
39,800
19,800

  
39,800
19,800

  

Other reserves classified as equity
  
(12,482)
(8,035)

  
27,318
11,765


Total members' interests
  

Loans and other debts due to members
 7 
39,800
19,800

Members' other interests
  
(12,482)
(8,035)

  
27,318
11,765


Page 1

 
FLAGPOINT PARTNERS LLP
REGISTERED NUMBER: OC435040
    
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 profit and loss account 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: 




C Brill-Edwards
D Schlegel
Designated member
Designated member


Date: 15 January 2025
Date:15 January 2025

The notes on pages 4 to 5 form part of these financial statements.

Page 2

 
FLAGPOINT PARTNERS LLP
 

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






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 
20,000
20,000


Balance at 1 April 2022 
(3,539)
(3,539)
20,000
20,000
16,461

Loss for the year available for discretionary division among members
 
(4,496)
(4,496)
-
-
(4,496)

Members' interests after loss for the year
(8,035)
(8,035)
20,000
20,000
11,965

Repayment of debt
-
-
(200)
(200)
(200)

Amounts due to members
 


19,800
19,800


Balance at 31 March 2023
(8,035)
(8,035)
19,800
19,800
11,765

Loss for the year available for discretionary division among members
 
(4,447)
(4,447)
-
-
(4,447)

Members' interests after loss for the year
(12,482)
(12,482)
19,800
19,800
7,318

Amounts introduced by members
-
-
20,000
20,000
20,000

Amounts due to members
 


39,800
39,800


Balance at 31 March 2024 
(12,482)
(12,482)
39,800
39,800
27,318

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

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

1.


General information

Flagpoint Partners LLP is a Limited Liability Partnership, incorporated in England and Wales with an LLP registration number of OC435040. The registered office is 42 Brook Street, London, W1K 5DB. 

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 Section 1A of 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 which assumes that the LLP will continue in operational existence for the foreseeable future. The LLP expects the continued financial support of the members, who have provided confirmation to provide such financial support as is necessary for the LLP to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the LLP.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The LLP has no employees (2023 - nil).

Page 4

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

4.


Debtors

2024
2023
£
£


Other debtors
31,126
15,751



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
212
214



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
4,020
4,200



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
39,800
19,800

39,800
19,800

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

2024
2023
£
£



Falling due within one year
39,800
19,800

39,800
19,800

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

 
Page 5