Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01falseNo description of principal activity3126truefalse OC395491 2023-04-01 2024-03-31 OC395491 2022-04-01 2023-03-31 OC395491 2024-03-31 OC395491 2023-03-31 OC395491 c:Buildings c:ShortLeaseholdAssets 2023-04-01 2024-03-31 OC395491 c:Buildings c:ShortLeaseholdAssets 2024-03-31 OC395491 c:Buildings c:ShortLeaseholdAssets 2023-03-31 OC395491 c:FurnitureFittings 2023-04-01 2024-03-31 OC395491 c:FurnitureFittings 2024-03-31 OC395491 c:FurnitureFittings 2023-03-31 OC395491 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC395491 c:ComputerEquipment 2023-04-01 2024-03-31 OC395491 c:ComputerEquipment 2024-03-31 OC395491 c:ComputerEquipment 2023-03-31 OC395491 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC395491 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC395491 c:Goodwill 2023-04-01 2024-03-31 OC395491 c:Goodwill 2024-03-31 OC395491 c:Goodwill 2023-03-31 OC395491 c:CurrentFinancialInstruments 2024-03-31 OC395491 c:CurrentFinancialInstruments 2023-03-31 OC395491 c:Non-currentFinancialInstruments 2024-03-31 OC395491 c:Non-currentFinancialInstruments 2023-03-31 OC395491 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC395491 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC395491 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC395491 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC395491 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC395491 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC395491 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC395491 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC395491 d:FRS102 2023-04-01 2024-03-31 OC395491 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC395491 d:FullAccounts 2023-04-01 2024-03-31 OC395491 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC395491 c:WithinOneYear 2024-03-31 OC395491 c:WithinOneYear 2023-03-31 OC395491 c:BetweenOneFiveYears 2024-03-31 OC395491 c:BetweenOneFiveYears 2023-03-31 OC395491 c:MoreThanFiveYears 2024-03-31 OC395491 c:MoreThanFiveYears 2023-03-31 OC395491 c:Goodwill c:OwnedIntangibleAssets 2023-04-01 2024-03-31 OC395491 d:PartnerLLP1 2023-04-01 2024-03-31 OC395491 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC395491 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC395491 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC395491














COUNTY CLOTHES LLP
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
COUNTY CLOTHES LLP
REGISTERED NUMBER:OC395491

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                     Note

Fixed assets
  

Intangible assets
 4 
3,750
11,250

Tangible assets
 5 
79,174
74,410

  
82,924
85,660

Current assets
  

Stocks
  
1,706,135
1,493,423

Debtors: amounts falling due within one year
 6 
43,977
46,148

Cash at bank and in hand
 7 
33,105
173,498

  
1,783,217
1,713,069

Creditors: Amounts Falling Due Within One Year
 8 
(681,171)
(495,424)

Net current assets
  
 
 
1,102,046
 
 
1,217,645

Total assets less current liabilities
  
1,184,970
1,303,305

Creditors: amounts falling due after more than one year
 9 
(12,418)
(21,667)

  
1,172,552
1,281,638

  

Net assets
  
£1,172,552
£1,281,638


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,172,552
1,281,638

  
£1,172,552
£1,281,638


Total members' interests
  

Members' other interests
  
1,172,552
1,281,638

  
£1,172,552
£1,281,638

Page 1

 
COUNTY CLOTHES LLP
REGISTERED NUMBER:OC395491

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 17 January 2025.




___________________________
J P R Lambert
Designated member

The notes on pages 3 to 8 form part of these financial statements.
Page 2

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

1.


General information

County Clothes LLP is a Limited Liability Partnership incorporated in England and Wales. 
The registered office of the LLP is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of business is 19 St. Margarets Street, Canterbury, Kent, CT1 2TH.

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

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other 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.

Page 3

 
COUNTY CLOTHES LLP
 

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

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the period of the lease
Fixtures and fittings
-
20% straight line basis
Computer equipment
-
20% straight line basis

 
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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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

 
COUNTY CLOTHES LLP
 

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

2.Accounting policies (continued)

 
2.9

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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

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.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 -26).

Page 5

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

4.


Intangible assets




Goodwill



Cost


At 1 April 2023
75,000



At 31 March 2024

75,000



Amortisation


At 1 April 2023
63,750


Charge for the year on owned assets
7,500



At 31 March 2024

71,250



Net book value



At 31 March 2024
£3,750



At 31 March 2023
£11,250




5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total



Cost or valuation


At 1 April 2023
25,347
69,544
21,599
116,490


Additions
5,208
4,080
11,325
20,613



At 31 March 2024

30,555
73,624
32,924
137,103



Depreciation


At 1 April 2023
4,854
23,225
14,001
42,080


Charge for the year on owned assets
1,872
10,977
3,000
15,849



At 31 March 2024

6,726
34,202
17,001
57,929



Net book value



At 31 March 2024
£23,829
£39,422
£15,923
£79,174



At 31 March 2023
£20,493
£46,319
£7,598
£74,410

Page 6

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

           5.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023

Short leasehold
£23,829
£20,493



6.


Debtors

2024
2023


Other debtors
26,000
32,332

Prepayments and accrued income
17,978
13,816

£43,978
£46,148



7.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
33,105
173,498

Less: bank overdrafts
(48,033)
-

£(14,928)
£173,498



8.


Creditors: Amounts falling due within one year

2024
2023

Bank overdrafts
48,033
-

Bank loans
10,000
10,000

Trade creditors
494,147
394,977

Other taxation and social security
29,695
15,919

Other creditors
3,047
5,527

Accruals and deferred income
96,249
69,001

£681,171
£495,424



9.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
£12,418
£21,667


Page 7

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
2,418
11,667


£22,418
£31,667



11.


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. Contributions totalling £2,199 (2023: £3,080) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023


Not later than 1 year
207,500
182,000

Later than 1 year and not later than 5 years
800,000
688,000

Later than 5 years
1,128,542
1,028,042

£2,136,042
£1,898,042


13.
Controlling party

The parent undertaking is Town & Country Investments Limited, a company incorporated in England and Wales. 
Mr R S Midlane is the controlling party of the company, by virtue of his shareholding in Town & Country Investments Limited.


Page 8