Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityfalse332023-09-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC437502 2023-09-01 2024-03-31 OC437502 2022-09-01 2023-08-31 OC437502 2024-03-31 OC437502 2023-08-31 OC437502 c:OfficeEquipment 2023-09-01 2024-03-31 OC437502 c:OfficeEquipment 2024-03-31 OC437502 c:OfficeEquipment 2023-08-31 OC437502 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-09-01 2024-03-31 OC437502 c:CurrentFinancialInstruments 2024-03-31 OC437502 c:CurrentFinancialInstruments 2023-08-31 OC437502 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC437502 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC437502 d:FRS102 2023-09-01 2024-03-31 OC437502 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC437502 d:FullAccounts 2023-09-01 2024-03-31 OC437502 d:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC437502 c:WithinOneYear 2024-03-31 OC437502 c:WithinOneYear 2023-08-31 OC437502 c:BetweenOneFiveYears 2024-03-31 OC437502 c:BetweenOneFiveYears 2023-08-31 OC437502 2 2023-09-01 2024-03-31 OC437502 d:PartnerLLP1 2023-09-01 2024-03-31 OC437502 d:PartnerLLP2 2023-09-01 2024-03-31 OC437502 d:PartnerLLP3 2023-09-01 2024-03-31 OC437502 d:PartnerLLP4 2023-09-01 2024-03-31 OC437502 d:PartnerLLP5 2023-09-01 2024-03-31 OC437502 d:PartnerLLP6 2023-09-01 2024-03-31 OC437502 d:PartnerLLP7 2023-09-01 2024-03-31 OC437502 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC437502 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC437502 e:PoundSterling 2023-09-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC437502







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


STOCKWOOL GROUP LLP






































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STOCKWOOL GROUP LLP
 



INFORMATION




Designated Members

Monica Irmgard Coffey
Gavin John Redfern
John Thomas Woolstencroft (resigned 30 September 2024)

Members

Thomas Bichard (resigned 31 March 2024)
Christopher Peter Davy
Jake William Creagh Snell
Ewout Frans Vandeweghe

LLP registered number

OC437502

Registered office

6 Orsman RoadLondonN1 5QJ

Accountants

Menzies LLPLynton House7-12 Tavistock SquareLondonWC1H 9LT


 


STOCKWOOL GROUP LLP
REGISTERED NUMBER:OC437502



BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 August
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,121
11,681

  
9,121
11,681

Current assets
  

Debtors: amounts falling due within one year
 5 
644,305
892,658

Cash at bank and in hand
  
25
3,558

  
644,330
896,216

Creditors: Amounts Falling Due Within One Year
 6 
(330,046)
(437,106)

Net current assets
  
 
 
314,284
 
 
459,110

Total assets less current liabilities
  
323,405
470,791

  

Net assets
  
323,405
470,791


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
475,000
475,000

Other amounts
 7 
(151,595)
(4,209)

  
323,405
470,791

  

  
323,405
470,791


Total members' interests
  

Loans and other debts due to members
 7 
323,405
470,791

  
323,405
470,791


Page 1

 


STOCKWOOL GROUP LLP
REGISTERED NUMBER:OC437502


    
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 21 December 2024.




Monica Irmgard Coffey
Designated member

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

Stockwool Group 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 GROUP 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
475,000
(18,219)
456,781

Other division of profits
-
523,010
523,010

Drawings on account and distribution of profit
-
(509,000)
(509,000)

Amounts due to members
475,000
(4,209)
470,791

Balance at 31 August 2023
475,000
(4,209)
470,791

Members' interests after profit for the period
475,000
(4,209)
470,791

Other division of profits
-
135,689
135,689

Drawings on account and distribution of profit
-
(283,075)
(283,075)

Amounts due to members
475,000
(151,595)
323,405

Balance at 31 March 2024 
475,000
(151,595)
323,405

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 GROUP LLP
 


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

1.


General information

Stockwool Group LLP is a limited liability partnership, registered in England and Wales, registration number OC437502. 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

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan 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 Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 4

 


STOCKWOOL GROUP LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 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%

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

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 average monthly number of employees, during the period was 23 (2023 - 33).

Page 5

 


STOCKWOOL GROUP LLP
 


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

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 September 2023
17,548



At 31 March 2024

17,548



Depreciation


At 1 September 2023
5,867


Charge for the period on owned assets
2,560



At 31 March 2024

8,427



Net book value



At 31 March 2024
9,121



At 31 August 2023
11,681


5.


Debtors

31 March
31 August
2024
2023
£
£


Trade debtors
960
1,500

Amounts owed by group undertakings
393,972
539,550

Other debtors
47,093
47,093

Prepayments and accrued income
202,280
304,515

644,305
892,658


Page 6

 


STOCKWOOL GROUP LLP
 


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

6.


Creditors: Amounts falling due within one year

31 March
31 August
2024
2023
£
£

Bank overdrafts
50,963
-

Trade creditors
114,521
249,576

Amounts owed to group undertakings
3,781
-

Other taxation and social security
113,554
121,705

Other creditors
9,436
6,158

Accruals and deferred income
37,791
59,667

330,046
437,106



7.


Loans and other debts due to members


31 March
31 August
2024
2023
£
£



Members' capital treated as debt
475,000
475,000

Other amounts due to members
(151,595)
(4,209)

323,405
470,791

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

31 March
31 August
2024
2023
£
£



Falling due within one year
(151,595)
(4,209)

Falling due after more than one year
475,000
475,000

323,405
470,791

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

Page 7

 


STOCKWOOL GROUP LLP
 


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

8.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
31 August
2024
2023
£
£


Not later than 1 year
156,978
156,978

Later than 1 year and not later than 5 years
303,927
395,497

460,905
552,475


9.


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 8