Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activitytrue2023-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.44truefalse OC422479 2023-03-31 OC422479 2023-04-01 2024-03-31 OC422479 2022-05-01 2023-04-30 OC422479 2024-03-31 OC422479 2023-04-30 OC422479 c:PlantMachinery 2023-04-01 2024-03-31 OC422479 c:PlantMachinery 2024-03-31 OC422479 c:PlantMachinery 2023-04-30 OC422479 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC422479 c:MotorVehicles 2023-04-01 2024-03-31 OC422479 c:MotorVehicles 2024-03-31 OC422479 c:MotorVehicles 2023-04-30 OC422479 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC422479 c:FurnitureFittings 2023-04-01 2024-03-31 OC422479 c:FurnitureFittings 2024-03-31 OC422479 c:FurnitureFittings 2023-04-30 OC422479 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC422479 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC422479 c:CurrentFinancialInstruments 2024-03-31 OC422479 c:CurrentFinancialInstruments 2023-04-30 OC422479 c:Non-currentFinancialInstruments 2024-03-31 OC422479 c:Non-currentFinancialInstruments 2023-04-30 OC422479 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC422479 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC422479 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC422479 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 OC422479 d:FRS102 2023-04-01 2024-03-31 OC422479 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC422479 d:FullAccounts 2023-04-01 2024-03-31 OC422479 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC422479 4 2023-04-01 2024-03-31 OC422479 d:PartnerLLP1 2023-04-01 2024-03-31 OC422479 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC422479 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC422479 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC422479













C3 Property Consulting LLP

Financial statements
Information for filing with the registrar

31 March 2024




 
C3 Property Consulting LLP


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
334,624
362,263

  
334,624
362,263

Current assets
  

Debtors: amounts falling due within one year
 5 
400,682
23,031

Cash at bank and in hand
  
-
3,398

  
400,682
26,429

Creditors: amounts falling due within one year
 6 
(747,435)
(246,711)

Net current liabilities
  
 
 
(346,753)
 
 
(220,282)

Total assets less current liabilities
  
(12,129)
141,981

Creditors: amounts falling due after more than one year
 7 
(28,704)
(33,796)

  
(40,833)
108,185

  

Net (liabilities)/assets
  
(40,833)
108,185


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
(40,833)
108,185

  
(40,833)
108,185

  

  
(40,833)
108,185


Total members' interests
  

Loans and other debts due by members
  
(40,833)
108,185

  
(40,833)
108,185


1

 
C3 Property Consulting LLP

    
Balance sheet (continued)
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 20 February 2025.




A Cook
Designated member

Registered number: OC422479
The notes on pages 3 to 7 form part of these financial statements. 


2

 
C3 Property Consulting LLP
 
 

Notes to the financial statements
Period ended 31 March 2024

1.


General information

The LLP is registered in England and Wales. The address of the registered office is Amerston Hill, Elwick, Hartlepool, Cleveland, TS27 3EZ.

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

The members have prepared cash flow forecasts for the coming period, taking into account expected trading cash flows and other cash requirements. The LLP continues to meet its day-to-day working capital requirements through direct financial support from the members, who have indicated a continuation of this support. The financial statements have therefore been produced on a going concern basis. 

 
2.3

Turnover

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.

3

 
C3 Property Consulting LLP
 

 
Notes to the financial statements
Period ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
 

 
2.5

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.
The LLP divides profits and losses discretionarily. Discretionary divisions of profits or losses are recognised as amounts due to or from members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.6

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.

4

 
C3 Property Consulting LLP
 

 
Notes to the financial statements
Period ended 31 March 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Motor vehicles
-
25%
Straight line
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 members, during the year was 4 (2023 -4).

5

 
C3 Property Consulting LLP
 
 

Notes to the financial statements
Period ended 31 March 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
337,190
124,240
4,235
465,665


Additions
-
26,700
1,467
28,167


Disposals
(2,200)
-
(350)
(2,550)



At 31 March 2024

334,990
150,940
5,352
491,282



Depreciation


At 1 April 2023
41,205
59,956
2,241
103,402


Charge for the year 
21,422
31,873
877
54,172


Disposals
(823)
-
(93)
(916)



At 31 March 2024

61,804
91,829
3,025
156,658



Net book value



At 31 March 2024
273,186
59,111
2,327
334,624



At 31 March 2023
295,985
64,284
1,994
362,263


5.


Debtors

2024
2023
£
£


Trade debtors
217,617
11,275

Other debtors
-
9,980

Prepayments and accrued income
183,065
1,776

400,682
23,031


6

 
C3 Property Consulting LLP
 
 

Notes to the financial statements
Period ended 31 March 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
49,051
-

Bank loans
5,556
5,556

Trade creditors
25,699
39

Other taxation and social security
36,606
7,793

Other creditors
627,075
230,000

Accruals and deferred income
3,448
3,323

747,435
246,711



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
28,704
33,796

28,704
33,796



8.


Related party transactions

The LLP operates a loan with Durham Gate Ltd, a company in which members of the LLP have an interest.  The balance outstanding as at 31 March 2024 was £527,075 (2023 - £230,000). The loan is interest free and there are no fixed terms of repayment agreed.  
During the year the LLP also received a loan from Durham Gate (North) Ltd, a company in which the members  also have an interest.  The balance outstanding as at 31 March 2024 was £100,000 (2023 - £Nil). The loan is interest free and there are no fixed terms of repayment agreed.  

 
7