Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-09-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC437533 2023-09-01 2024-03-31 OC437533 2022-09-01 2023-08-31 OC437533 2024-03-31 OC437533 2023-08-31 OC437533 c:CurrentFinancialInstruments 2024-03-31 OC437533 c:CurrentFinancialInstruments 2023-08-31 OC437533 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC437533 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC437533 d:FRS102 2023-09-01 2024-03-31 OC437533 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC437533 d:FullAccounts 2023-09-01 2024-03-31 OC437533 d:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC437533 d:PartnerLLP1 2023-09-01 2024-03-31 OC437533 d:PartnerLLP2 2023-09-01 2024-03-31 OC437533 d:PartnerLLP3 2023-09-01 2024-03-31 OC437533 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC437533 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC437533 e:PoundSterling 2023-09-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC437533







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


STOCKWOOL STUDIO TWO LLP






































img3392.png                        

 


STOCKWOOL STUDIO TWO LLP
 



INFORMATION




Designated Members

Christopher Peter Davy
Gavin John Redfern

Member

Stockwool Group LLP

LLP registered number

OC437533

Registered office

6 Orsman RoadLondonN1 5QJ

Accountants

Menzies LLPLynton House7-12 Tavistock SquareLondonWC1H 9LT


 


STOCKWOOL STUDIO TWO LLP
REGISTERED NUMBER:OC437533



BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 August
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
375,096
398,928

Cash at bank and in hand
  
-
999

  
375,096
399,927

Creditors: Amounts Falling Due Within One Year
 5 
(77,193)
(56,967)

Net current assets
  
 
 
297,903
 
 
342,960

Total assets less current liabilities
  
297,903
342,960

  

Net assets
  
297,903
342,960


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
100
100

Other amounts
 6 
297,803
342,860

  
297,903
342,960

  

  
297,903
342,960


Total members' interests
  

Loans and other debts due to members
 6 
297,903
342,960

  
297,903
342,960


Page 1

 


STOCKWOOL STUDIO TWO LLP
REGISTERED NUMBER:OC437533


    
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 30 January 2025.




Christopher Peter Davy
Designated member

The notes on pages 4 to 6 form part of these financial statements.

Stockwool Studio Two 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

 


STOCKWOOL STUDIO TWO LLP
 



RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2024





DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members' capital (classified as debt)
Other amounts
Total

£
£
£

Members' interests after profit for the period
100
94,710
94,810

Other division of profits
-
375,424
375,424

Drawings on account and distribution of profit
-
(127,274)
(127,274)

Amounts due to members
100
342,860
342,960

Balance at 31 August 2023
100
342,860
342,960

Members' interests after profit for the period
100
342,860
342,960

Other division of profits
-
114,310
114,310

Drawings on account and distribution of profit
-
(159,367)
(159,367)

Amounts due to members
100
297,803
297,903

Balance at 31 March 2024 
100
297,803
297,903

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

 


STOCKWOOL STUDIO TWO LLP
 


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

1.


General information

Stockwool Studio Two LLP is a limited liability partnership, registered in England and Wales, registration number OC437533. The registered office is displayed on the information page and the trading address is the same as the registered office. The financial statements have been prepared for a shortened accounting period of 7 months ending 31 March 2024.

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

Turnover

Turnover 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. Turnover is generated by designing buildings and is measured as the fair
value of the consideration received or receivable, excluding discounts, rebates, value added tax and other
sales taxes.

 
2.3

Borrowing costs

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

 
2.4

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 .

 
2.5

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The entity has no employees.

The average monthly number of employees during the period was 0 (2023 - 0).

Page 4

 


STOCKWOOL STUDIO TWO LLP
 


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

4.


Debtors

31 March
31 August
2024
2023
£
£


Trade debtors
276,946
287,000

Prepayments and accrued income
920
-

Amounts recoverable on long-term contracts
97,230
111,928

375,096
398,928



5.


Creditors: Amounts falling due within one year

31 March
31 August
2024
2023
£
£

Bank overdrafts
2,632
-

Trade creditors
711
-

Other taxation and social security
16,861
17,603

Accruals and deferred income
56,989
39,364

77,193
56,967


Page 5

 


STOCKWOOL STUDIO TWO LLP
 


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

6.


Loans and other debts due to members


31 March
31 August
2024
2023
£
£



Members' capital treated as debt
100
100

Other amounts due to members
297,803
342,860

297,903
342,960

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

31 March
31 August
2024
2023
£
£



Falling due within one year
297,803
342,860

Falling due after more than one year
100
100

297,903
342,960

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


7.


Other financial commitments

The partnership acts as a guarantor for a loan provided to a partnership within the same group. The liability at the year end was £78,125 (2023: £114,583) and is secured over the assets of the partnership by a fixed and floating charge.

 
Page 6