Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC349693 2023-11-01 2024-10-31 OC349693 2022-11-01 2023-10-31 OC349693 2024-10-31 OC349693 2023-10-31 OC349693 c:CurrentFinancialInstruments 2024-10-31 OC349693 c:CurrentFinancialInstruments 2023-10-31 OC349693 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 OC349693 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 OC349693 d:FRS102 2023-11-01 2024-10-31 OC349693 d:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 OC349693 d:FullAccounts 2023-11-01 2024-10-31 OC349693 d:LimitedLiabilityPartnershipLLP 2023-11-01 2024-10-31 OC349693 2 2023-11-01 2024-10-31 OC349693 5 2023-11-01 2024-10-31 OC349693 6 2023-11-01 2024-10-31 OC349693 d:PartnerLLP1 2023-11-01 2024-10-31 OC349693 d:PartnerLLP2 2023-11-01 2024-10-31 OC349693 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-10-31 OC349693 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-10-31 OC349693 c:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 OC349693 c:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 OC349693 c:FurtherSpecificReserve2ComponentTotalEquity 2024-10-31 OC349693 c:FurtherSpecificReserve2ComponentTotalEquity 2023-10-31 OC349693 c:FurtherSpecificReserve3ComponentTotalEquity 2024-10-31 OC349693 c:FurtherSpecificReserve3ComponentTotalEquity 2023-10-31 OC349693 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: OC349693










WORKLIFE ENTERPRISE LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
WORKLIFE ENTERPRISE LLP
REGISTERED NUMBER: OC349693

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
363,288

  
-
363,288

Current assets
  

Debtors: amounts falling due within one year
 5 
-
7,198,147

Cash at bank and in hand
 6 
-
399,255

  
-
7,597,402

Creditors: Amounts Falling Due Within One Year
 7 
-
(12,153)

Net current assets
  
 
 
-
 
 
7,585,249

Total assets less current liabilities
  
-
7,948,537

  

Net assets
  
-
7,948,537


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
-
6,759,633

  
-
6,759,633

Members' other interests
  

Members' capital classified as equity
  
-
1,000

Revaluation reserve classified as equity
  
-
(221,400)

Other reserves classified as equity
  
-
1,409,304

  
 
-
 
1,188,904

  
-
7,948,537


Total members' interests
  

Loans and other debts due to members
 8 
-
6,759,633

Members' other interests
  
-
1,188,904

  
-
7,948,537


Page 1

 
WORKLIFE ENTERPRISE LLP
REGISTERED NUMBER: OC349693
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 19 February 2025.




GVA Global Ltd
GVA Participations Ltd
Designated member
Designated member

The notes on pages 4 to 9 form part of these financial statements.

Worklife Enterprise 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
 

 
WORKLIFE ENTERPRISE LLP


 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 OCTOBER 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)
Revaluation reserve
Other reserves
Total
Other amounts
Total

£
£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
-
282,928
282,928
-
282,928

Members' interests after profit for the year
1,000
(221,400)
1,409,304
1,188,904
6,759,633
7,948,537

Amounts due to members
6,759,633

Balance at 31 October 2023
1,000
(221,400)
1,409,304
1,188,904
6,759,633
7,948,537

Profit for the year available for discretionary division among members
 
-
-
442,800
442,800
-
442,800

Members' interests after profit for the year
1,000
(221,400)
1,852,104
1,631,704
6,759,633
8,391,337

Movement in reserves
-
221,400
(1,852,104)
(1,630,704)
-
(1,630,704)

Repayment of capital
(1,000)
-
-
(1,000)
-
(1,000)

Drawings on account and distribution of profit
-
-
-
-
(6,759,633)
(6,759,633)

Balance at 31 October 2024 
-
-
-
-
-
-

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
 
WORKLIFE ENTERPRISE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

Foreign currency translation

Functional and presentation currency

The LLP's functional currency is EUR. This differs from the presentational currency which is GBP. The reason for the difference is that the LLP operates in Switzerland.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
WORKLIFE ENTERPRISE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.3

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.

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.

 
1.4

Interest income

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

 
1.5

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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

Page 5

 
WORKLIFE ENTERPRISE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
1.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
1.8

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.

 
1.9

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.

 
1.10

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 6

 
WORKLIFE ENTERPRISE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.


General information

Worklife Enterprise LLP is incorporated in the United Kingdom as a limited liability partnership under the Limited Liability Partnership Act 2000.
Its registered number is OC349693
Its registered office address is:
The Third Floor
207 Regent Street
London
W1B 3HH


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





Listed investments

£





At 1 November 2023
363,288


Disposals
(363,288)



At 31 October 2024
-




Page 7

 
WORKLIFE ENTERPRISE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
6,573,782

Prepayments and accrued income
-
624,366

-
7,198,148



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
399,255

-
399,255



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
-
12,153

-
12,153


Page 8

 
WORKLIFE ENTERPRISE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
-
6,759,633

-
6,759,633

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

2024
2023
£
£



Falling due within one year
-
6,759,633

-
6,759,633

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

 
Page 9