Caseware UK (AP4) 2024.0.164 2024.0.164 2023-04-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC412678 2023-04-01 2024-03-31 OC412678 2022-04-01 2023-03-31 OC412678 2024-03-31 OC412678 2023-03-31 OC412678 c:OfficeEquipment 2023-04-01 2024-03-31 OC412678 c:OfficeEquipment 2024-03-31 OC412678 c:OfficeEquipment 2023-03-31 OC412678 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC412678 c:CurrentFinancialInstruments 2024-03-31 OC412678 c:CurrentFinancialInstruments 2023-03-31 OC412678 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC412678 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC412678 d:FRS102 2023-04-01 2024-03-31 OC412678 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC412678 d:FullAccounts 2023-04-01 2024-03-31 OC412678 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC412678 2 2023-04-01 2024-03-31 OC412678 d:PartnerLLP1 2023-04-01 2024-03-31 OC412678 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC412678 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC412678 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC412678 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC412678 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC412678










CH1 Investment Partners LLP








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
CH1 Investment Partners LLP
Registered number: OC412678

Balance sheet
As at 31 March 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
2,180
5,005

  
2,180
5,005

Current assets
  

Debtors: amounts falling due within one year
 5 
86,479
229,062

Cash at bank and in hand
 6 
110,894
157,498

  
197,373
386,560

Creditors: Amounts Falling Due Within One Year
 7 
(122,494)
(228,761)

Net current assets
  
 
 
74,879
 
 
157,799

Total assets less current liabilities
  
77,059
162,804

  

Net assets
  
77,059
162,804


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
(30,393)
55,352

  
(30,393)
55,352

Members' other interests
  

Members' capital classified as equity
  
107,452
107,452

  
 
107,452
 
107,452

  
77,059
162,804


Total members' interests
  

Loans and other debts due to members
 8 
(30,393)
55,352

Members' other interests
  
107,452
107,452

  
77,059
162,804


Page 1

 
CH1 Investment Partners LLP
Registered number: OC412678

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 18 February 2025.




Matthew Evans
Designated member

The notes on pages 4 to 8 form part of these financial statements.

CH1 Investment 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

 
CH1 Investment 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
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total

£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
735,415
735,415
-
735,415

Members' interests after profit for the year
107,452
735,415
842,867
(51,912)
790,955

Other division of profits
-
(735,415)
(735,415)
735,415
-

Drawings on account and distribution of profit
-
-
-
(628,151)
(628,151)

Amounts due to members
55,352

Balance at 31 March 2023
107,452
-
107,452
55,352
162,804

Profit for the year available for discretionary division among members
 
-
715,571
715,571
-
715,571

Members' interests after profit for the year
107,452
715,571
823,023
55,352
878,375

Other division of profits
-
(715,571)
(715,571)
715,571
-

Drawings on account and distribution of profit
-
-
-
(801,316)
(801,316)

Amounts due to members
(30,393)

Balance at 31 March 2024 
107,452
-
107,452
(30,393)
77,059

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

 
CH1 Investment Partners LLP
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

The partnership is a Limited Liability Partnership incorporated in England & Wales. Their principal place of business and registered office is Little Titlarks, 166 Chobham Road, Ascot, Berkshire, SL5 0HU. The principal activity of the entity is included within the Members' report. 

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

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

Page 4

 
CH1 Investment Partners LLP
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.7

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 the Statement of comprehensive income.

 
2.8

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:

Office equipment
-
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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
CH1 Investment Partners LLP
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.12

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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the
asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate
for measuring any impairment loss is the current effective interest rate determined under the
contract.


3.


Employees




The entity has no employees.


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2023
24,385



At 31 March 2024

24,385



Depreciation


At 1 April 2023
19,380


Charge for the year on owned assets
2,825



At 31 March 2024

22,205



Net book value



At 31 March 2024
2,180



At 31 March 2023
5,005

Page 6

 
CH1 Investment Partners LLP
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,539
161,379

Other debtors
53,249
50,833

Prepayments and accrued income
17,691
16,850

86,479
229,062



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,894
157,498

110,894
157,498



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
21,667
29,779

Trade creditors
9,470
107,839

Other creditors
87,457
87,457

Accruals and deferred income
3,900
3,686

122,494
228,761


Page 7

 
CH1 Investment Partners LLP
 

 
Notes to the financial statements
For the year ended 31 March 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(30,393)
55,352

(30,393)
55,352

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

2024
2023
£
£



Falling due within one year
(30,393)
55,352

(30,393)
55,352

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


9.


Controlling party

The LLP is under the control of M Evans and D Spacey, the designated members of the LLP.

Page 8