Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falseNo description of principal activity2023-09-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC300612 2023-09-01 2024-08-31 OC300612 2022-09-01 2023-08-31 OC300612 2024-08-31 OC300612 2023-08-31 OC300612 c:FurnitureFittings 2023-09-01 2024-08-31 OC300612 c:FurnitureFittings 2024-08-31 OC300612 c:FurnitureFittings 2023-08-31 OC300612 c:FreeholdInvestmentProperty 2024-08-31 OC300612 c:FreeholdInvestmentProperty 2023-08-31 OC300612 c:CurrentFinancialInstruments 2024-08-31 OC300612 c:CurrentFinancialInstruments 2023-08-31 OC300612 c:Non-currentFinancialInstruments 2024-08-31 OC300612 c:Non-currentFinancialInstruments 2023-08-31 OC300612 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 OC300612 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 OC300612 c:Non-currentFinancialInstruments c:AfterOneYear 2024-08-31 OC300612 c:Non-currentFinancialInstruments c:AfterOneYear 2023-08-31 OC300612 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-08-31 OC300612 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-08-31 OC300612 d:FRS102 2023-09-01 2024-08-31 OC300612 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 OC300612 d:FullAccounts 2023-09-01 2024-08-31 OC300612 d:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC300612 5 2023-09-01 2024-08-31 OC300612 d:PartnerLLP1 2023-09-01 2024-08-31 OC300612 c:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 OC300612 c:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 OC300612 c:FurtherSpecificReserve3ComponentTotalEquity 2024-08-31 OC300612 c:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 OC300612 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: OC300612









THE AMERICAN STICKY BUN COMPANY LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
THE AMERICAN STICKY BUN COMPANY LLP
REGISTERED NUMBER: OC300612

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
536,732
536,732

  
536,732
536,732

Current assets
  

Cash at bank and in hand
 6 
3,541
6,080

  
3,541
6,080

Creditors: Amounts Falling Due Within One Year
 7 
(6,841)
(11,250)

Net current liabilities
  
 
 
(3,300)
 
 
(5,170)

Total assets less current liabilities
  
533,432
531,562

Creditors: amounts falling due after more than one year
 8 
(414,449)
(389,954)

  
118,983
141,608

  

Net assets
  
118,983
141,608


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
(79,725)
(57,100)

  
(79,725)
(57,100)

Members' other interests
  

Revaluation reserve classified as equity
  
198,708
198,708

  
 
198,708
 
198,708

  
118,983
141,608


Total members' interests
  

Loans and other debts due to members
 10 
(79,725)
(57,100)

Members' other interests
  
198,708
198,708

  
118,983
141,608


Page 1

 
THE AMERICAN STICKY BUN COMPANY LLP
REGISTERED NUMBER: OC300612
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 profit and loss account 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 11 March 2025.




P Webber
Designated member

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

Page 2

 
THE AMERICAN STICKY BUN COMPANY LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 2024






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Revaluation reserve
Total
Other amounts
Total
Total

£
£
£
£
£

Members' remuneration charged as an expense
 
-
-
(13,090)
(13,090)
(13,090)

Members' interests after profit for the year
 
198,708
198,708
(57,100)
(57,100)
141,608

Amounts due to members
 


(57,100)
(57,100)


Balance at 31 August 2023
 
198,708
198,708
(57,100)
(57,100)
141,608

Members' remuneration charged as an expense
 
-
-
(22,625)
(22,625)
(22,625)

Members' interests after profit for the year
198,708
198,708
(79,725)
(79,725)
118,983

Other movements
 
-
-
-
-
-

Amounts due to members
 


(79,725)
(79,725)


Balance at 31 August 2024 
198,708
198,708
(79,725)
(79,725)
118,983


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

 
THE AMERICAN STICKY BUN COMPANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The American Sticky Bun Company LLP is a Limited Liability Partnership incorporated in England and Wales within the United Kingdom. The address of the registered office is Trinity House, 40 Belle Vue Road, Shrewsbury, Shropshire, SY3 7LL.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

 
2.2

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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
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.

Page 4

 
THE AMERICAN STICKY BUN COMPANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
10%
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.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Members and employees

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:


        2024
        2023
            No.
            No.







LLP Designated Members
2
2

Page 5

 
THE AMERICAN STICKY BUN COMPANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2023
6,861



At 31 August 2024

6,861



Depreciation


At 1 September 2023
6,861



At 31 August 2024

6,861



Net book value



At 31 August 2024
-



At 31 August 2023
-

Page 6

 
THE AMERICAN STICKY BUN COMPANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
536,732



At 31 August 2024
536,732

The 2024 valuations were made by the members, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
338,024
338,024

338,024
338,024


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,541
6,080

3,541
6,080



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,875
9,750

Accruals and deferred income
4,966
1,500

6,841
11,250


Page 7

 
THE AMERICAN STICKY BUN COMPANY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
414,449
389,954

414,449
389,954



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due after more than one year

Other loans
414,449
389,954


414,449
389,954



414,449
389,954



10.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(79,725)
(57,100)

(79,725)
(57,100)

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

2024
2023
£
£



Falling due within one year
(79,725)
(57,100)

(79,725)
(57,100)

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

Page 8

 
THE AMERICAN STICKY BUN COMPANY LLP
 
 
 Page 9