Caseware UK (AP4) 2024.0.164 2024.0.164 2023-06-302023-06-304No description of principal activity2022-07-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC400278 2022-07-01 2023-06-30 OC400278 2021-07-01 2022-06-30 OC400278 2023-06-30 OC400278 2022-06-30 OC400278 c:Buildings c:ShortLeaseholdAssets 2022-07-01 2023-06-30 OC400278 c:Buildings c:ShortLeaseholdAssets 2023-06-30 OC400278 c:Buildings c:ShortLeaseholdAssets 2022-06-30 OC400278 c:PlantMachinery 2022-07-01 2023-06-30 OC400278 c:PlantMachinery 2023-06-30 OC400278 c:PlantMachinery 2022-06-30 OC400278 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC400278 c:OfficeEquipment 2022-07-01 2023-06-30 OC400278 c:OfficeEquipment 2023-06-30 OC400278 c:OfficeEquipment 2022-06-30 OC400278 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC400278 c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC400278 c:CurrentFinancialInstruments 2023-06-30 OC400278 c:CurrentFinancialInstruments 2022-06-30 OC400278 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 OC400278 c:CurrentFinancialInstruments c:WithinOneYear 2022-06-30 OC400278 d:FRS102 2022-07-01 2023-06-30 OC400278 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 OC400278 d:FullAccounts 2022-07-01 2023-06-30 OC400278 d:LimitedLiabilityPartnershipLLP 2022-07-01 2023-06-30 OC400278 d:PartnerLLP1 2022-07-01 2023-06-30 OC400278 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-06-30 OC400278 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-06-30 OC400278 c:FurtherSpecificReserve2ComponentTotalEquity 2023-06-30 OC400278 c:FurtherSpecificReserve2ComponentTotalEquity 2022-06-30 OC400278 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: OC400278














ONE LUXURY GROUP ADVISERS LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
ONE LUXURY GROUP ADVISERS LLP
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
ONE LUXURY GROUP ADVISERS LLP
REGISTERED NUMBER:OC400278

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,295
66,889

Current assets
  

Debtors: amounts falling due within one year
 5 
249,985
149,967

Cash at bank and in hand
  
21,905
104,928

  
271,890
254,895

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(2,030,275)
(2,031,519)

Net current liabilities
  
 
 
(1,758,385)
 
 
(1,776,624)

  

Net liabilities
  
(1,717,090)
(1,709,735)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
1,684,690
1,227,197

Members' other interests
  

Members' capital classified as equity
  
21,085
21,085

Other reserves classified as equity
  
(3,422,865)
(2,958,017)

  
(1,717,090)
(1,709,735)


Total members' interests
  

Loans and other debts due to members
 7 
1,684,690
1,227,197

Members' other interests
  
(3,401,780)
(2,936,931)

  
(1,717,090)
(1,709,734)


Page 1

 
ONE LUXURY GROUP ADVISERS LLP
REGISTERED NUMBER:OC400278
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 3 March 2025.




J F Genovese
Designated member

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

Page 2

 
ONE LUXURY GROUP ADVISERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

One Luxury Advisers LLP is a private Limited Liability Partnership (LLP) incorporated in England and Wales, with its registered office at 2nd Floor Connaught House, 1-3 Mount Street (entrance via Davies Street), London, W1K 3NB. The company's business address is 70 Cadogan Place, London SW1X 9AH. 
The principal object of the LLP is to provide luxury advisory services.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the LLP in respect of advisory services supplied during the period, exclusive of Value Added Tax.

Revenue is recognised in the period in which the services are provided.

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over term of the lease
Plant and machinery
-
25% reducing balance
Office equipment
-
33% reducing balance

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.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment. 

Page 3

 
ONE LUXURY GROUP ADVISERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is £ Sterling.

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.

 
2.8

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 .

Page 4

 
ONE LUXURY GROUP ADVISERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan
The LLP contributes to defined contribution plans 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 Statement of Financial Position. The assets of the plans are held separately from the LLP in independently administered funds.


3.


Employees

The average monthly number of employees during the year was 4 (2022 - 4). 


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost 


At 1 July 2022
58,631
85,935
70,554
215,120



At 30 June 2023

58,631
85,935
70,554
215,120



Depreciation


At 1 July 2022
40,799
54,374
53,059
148,232


Charge for the year on owned assets
11,925
7,890
5,778
25,593



At 30 June 2023

52,724
62,264
58,837
173,825



Net book value



At 30 June 2023
5,907
23,671
11,717
41,295



At 30 June 2022
17,832
31,562
17,495
66,889

Page 5

 
ONE LUXURY GROUP ADVISERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
20,022
20,022

Other debtors
188,532
85,572

Prepayments and accrued income
41,432
44,376

249,986
149,970



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
306,759
378,258

Amounts owed to associated undertakings
230,710
116,725

Other creditors
1,082,820
1,052,671

Accruals and deferred income
409,986
483,865

2,030,275
2,031,519



7.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
1,684,690
1,227,197

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

2023
2022
£
£



Falling due within one year
1,684,690
1,227,197

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

 
Page 6