Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-300false02023-05-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC427044 2023-05-01 2024-04-30 OC427044 2022-05-01 2023-04-30 OC427044 2024-04-30 OC427044 2023-04-30 OC427044 c:CurrentFinancialInstruments 2024-04-30 OC427044 c:CurrentFinancialInstruments 2023-04-30 OC427044 c:CurrentFinancialInstruments 4 2024-04-30 OC427044 c:CurrentFinancialInstruments 4 2023-04-30 OC427044 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 OC427044 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC427044 e:FRS102 2023-05-01 2024-04-30 OC427044 e:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC427044 e:FullAccounts 2023-05-01 2024-04-30 OC427044 e:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC427044 6 2023-05-01 2024-04-30 OC427044 e:PartnerLLP1 2023-05-01 2024-04-30 OC427044 c:FurtherSpecificReserve2ComponentTotalEquity 2024-04-30 OC427044 c:FurtherSpecificReserve2ComponentTotalEquity 2023-04-30 OC427044 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-30 OC427044 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC427044 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure


Registered number: OC427044












MENA INVESTMENT PARTNERS LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


 
REGISTERED NUMBER:OC427044
MENA INVESTMENT PARTNERS LLP

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
46,935
46,935

Cash at bank and in hand
 6 
18,811
6,994

  
65,746
53,929

Creditors: Amounts Falling Due Within One Year
 7 
(600)
(11,972)

Net current assets
  
 
 
65,146
 
 
41,957

Total assets less current liabilities
  
65,147
41,958

  

Net assets
  
65,147
41,958


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
45,283
45,283

  
45,283
45,283

Members' other interests
  

Other reserves classified as equity
  
19,864
(3,325)

  
 
19,864
 
(3,325)

  
65,147
41,958


Total members' interests
  

Loans and other debts due to members
 8 
45,283
45,283

Members' other interests
  
19,864
(3,325)

  
65,147
41,958


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.
 
Page 1


 
REGISTERED NUMBER:OC427044
MENA INVESTMENT PARTNERS LLP
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


The profit and loss account and members' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to entities subject to the small LLPs regime.

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 18 December 2024.




R E Greer
Designated member

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

Page 2

 

MENA INVESTMENT PARTNERS 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
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 

45,283
45,283


Balance at 1 May 2022 
35,718
35,718
45,283
45,283
81,001

Loss for the year available for discretionary division among members
 
(39,043)
(39,043)
-
-
(39,043)

Members' interests after profit for the year
 
(3,325)
(3,325)
45,283
45,283
41,958

Amounts due to members
 


45,283
45,283


Balance at 30 April 2023
(3,325)
(3,325)
45,283
45,283
41,958

Profit for the year available for discretionary division among members
 
23,189
23,189
-
-
23,189

Members' interests after profit for the year
 
19,864
19,864
45,283
45,283
65,147

Amounts due to members
 


45,283
45,283


Balance at 30 April 2024 
19,864
19,864
45,283
45,283
65,147

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

 

MENA INVESTMENT PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Mena Investment Partners LLP is a limited liability partnership incorporated in the United Kingdom and
registered in England and Wales. The LLP's registered address is Floor 4, 95 Chancery Lane, London, WC2A 1DT (previously 1 Frederick's Place, London, EC2R 8AE).

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 controlling party will provide support to the LLP for the foreseeable future. The designated members have therefore prepared the financial statements on the going concern basis.

 
2.3

Turnover

Turnover in this entity comes from management fees from subsidiaries and funds for which the subsidiaries act as General Partner. Turnover is recognised over the period in which the management services are provided.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 

MENA INVESTMENT PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 

MENA INVESTMENT PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The entity has no employees.

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
1



At 30 April 2024
1





5.


Debtors

2024
2023
£
£


Other debtors
46,935
46,935

46,935
46,935



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,811
6,994

18,811
6,994



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals
600
600

Deferred income
-
11,372

600
11,972


Page 6

 

MENA INVESTMENT PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
45,283
45,283

45,283
45,283

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

2024
2023
£
£



Falling due within one year
45,283
45,283

45,283
45,283

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


9.


Controlling party

The ultimate controlling party is R Greer.

Page 7