Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-09-01true22truefalse OC437532 2023-09-01 2024-03-31 OC437532 2022-09-01 2023-08-31 OC437532 2024-03-31 OC437532 2023-08-31 OC437532 c:CurrentFinancialInstruments 2024-03-31 OC437532 c:CurrentFinancialInstruments 2023-08-31 OC437532 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC437532 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC437532 d:FRS102 2023-09-01 2024-03-31 OC437532 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC437532 d:FullAccounts 2023-09-01 2024-03-31 OC437532 d:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC437532 d:PartnerLLP1 2023-09-01 2024-03-31 OC437532 d:PartnerLLP2 2023-09-01 2024-03-31 OC437532 d:PartnerLLP3 2023-09-01 2024-03-31 OC437532 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC437532 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC437532 e:PoundSterling 2023-09-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC437532







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


STOCKWOOL STUDIO ONE LLP






































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STOCKWOOL STUDIO ONE LLP
 



INFORMATION




Designated Members

Monica Irmgard Coffey
Ewout Frans Vandeweghe

Member

Stockwool Group LLP

LLP registered number

OC437532

Registered office

6 Orsman RoadLondonN1 5QJ

Accountants

Menzies LLPLynton House7-12 Tavistock SquareLondonWC1H 9LT


 


STOCKWOOL STUDIO ONE LLP
REGISTERED NUMBER:OC437532



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 August
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
115,603
127,986

Cash at bank and in hand
  
10,338
5,398

  
125,941
133,384

Creditors: Amounts Falling Due Within One Year
 5 
(29,872)
(34,899)

Net current assets
  
 
 
96,069
 
 
98,485

Total assets less current liabilities
  
96,069
98,485

  

Net assets
  
96,069
98,485


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
100
100

Other amounts
 6 
95,969
98,385

  
96,069
98,485

  

  
96,069
98,485


Total members' interests
  

Loans and other debts due to members
 6 
96,069
98,485

  
96,069
98,485


Page 1

 


STOCKWOOL STUDIO ONE LLP
REGISTERED NUMBER:OC437532


    
STATEMENT OF FINANCIAL POSITION (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 6 January 2025.




Ewout Frans Vandeweghe
Designated member

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

Stockwool Studio One 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 ONE 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
179,101
179,201

Other division of profits
-
103,303
103,303

Drawings on account and distribution of profit
-
(184,019)
(184,019)

Amounts due to members
100
98,385
98,485

Balance at 31 August 2023
100
98,385
98,485

Members' interests after profit for the period
100
98,385
98,485

Other division of profits
-
26,908
26,908

Drawings on account and distribution of profit
-
(29,324)
(29,324)

Amounts due to members
100
95,969
96,069

Balance at 31 March 2024 
100
95,969
96,069

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 ONE LLP
 


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

1.


General information

Stockwool Studio One LLP is a limited liability partnership, registered in England and Wales, registration number OC437532. 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

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 .

 
2.4

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 2 (2023 - 2).

Page 4

 


STOCKWOOL STUDIO ONE LLP
 


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

4.


Debtors

31 March
31 August
2024
2023
£
£


Trade debtors
61,938
73,440

Amounts recoverable on long-term contracts
53,665
54,546

115,603
127,986



5.


Creditors: Amounts falling due within one year

31 March
31 August
2024
2023
£
£

Trade creditors
-
360

Other taxation and social security
6,297
6,038

Accruals and deferred income
23,575
28,501

29,872
34,899



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
95,969
98,385

96,069
98,485

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

31 March
31 August
2024
2023
£
£



Falling due within one year
95,969
98,385

Falling due after more than one year
100
100

96,069
98,485

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

Page 5

 


STOCKWOOL STUDIO ONE LLP
 


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

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