Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC306483 2023-04-01 2024-03-31 OC306483 2022-04-01 2023-03-31 OC306483 2024-03-31 OC306483 2023-03-31 OC306483 c:FurnitureFittings 2023-04-01 2024-03-31 OC306483 c:FurnitureFittings 2024-03-31 OC306483 c:FurnitureFittings 2023-03-31 OC306483 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC306483 c:CurrentFinancialInstruments 2024-03-31 OC306483 c:CurrentFinancialInstruments 2023-03-31 OC306483 c:CurrentFinancialInstruments 2 2024-03-31 OC306483 c:CurrentFinancialInstruments 2 2023-03-31 OC306483 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC306483 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC306483 e:FRS102 2023-04-01 2024-03-31 OC306483 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC306483 e:FullAccounts 2023-04-01 2024-03-31 OC306483 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC306483 e:PartnerLLP1 2023-04-01 2024-03-31 OC306483 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC306483 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC306483 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC306483









CLARAT PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CLARAT PARTNERS LLP
REGISTERED NUMBER: OC306483

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
544
725

Investments
 5 
71,683
71,687

  
72,227
72,412

Current assets
  

Debtors: amounts falling due within one year
 6 
70,194
77,150

Cash at bank and in hand
 7 
12,126
11,055

  
82,320
88,205

Creditors: Amounts Falling Due Within One Year
 8 
(21,320)
(27,390)

Net current assets
  
 
 
61,000
 
 
60,815

Total assets less current liabilities
  
133,227
133,227

  

Net assets
  
133,227
133,227


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
133,227
133,227

  
 
133,227
 
133,227

  
133,227
133,227


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(62,994)
(77,150)

Members' other interests
  
133,227
133,227

  
70,233
56,077


Page 1

 
CLARAT PARTNERS LLP
REGISTERED NUMBER: OC306483
    
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: 




B Clare
Designated member

Date: 7 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Clarat Partners 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

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

1.


General information

Clarat Partners LLP is a limited liability partnership incorporated in England & Wales (registered number: OC306483) . The registered office address of the LLP is 101 New Cavendish Street, 1st Floor South, London, England W1W 6XH. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
CLARAT PARTNERS 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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
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:

Fixtures and fittings
-
25%
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
141,769



At 31 March 2024

141,769



Depreciation


At 1 April 2023
141,044


Charge for the year on owned assets
181



At 31 March 2024

141,225



Net book value



At 31 March 2024
544



At 31 March 2023
725


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
71,687


Disposals
(4)



At 31 March 2024
71,683




Page 5

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

6.


Debtors

2024
2023
£
£


Trade debtors
7,200
-

Amounts due from members
62,994
77,150

70,194
77,150



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,126
11,055

12,126
11,055



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,807
12,345

Other taxation and social security
5,960
6,654

Other creditors
338
175

Accruals and deferred income
8,215
8,216

21,320
27,390


 
Page 6