Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31true2023-04-01false1falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC318882 2023-04-01 2024-03-31 OC318882 2022-04-01 2023-03-31 OC318882 2024-03-31 OC318882 2023-03-31 OC318882 c:PlantMachinery 2023-04-01 2024-03-31 OC318882 c:PlantMachinery 2024-03-31 OC318882 c:PlantMachinery 2023-03-31 OC318882 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC318882 c:MotorVehicles 2023-04-01 2024-03-31 OC318882 c:MotorVehicles 2024-03-31 OC318882 c:MotorVehicles 2023-03-31 OC318882 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC318882 c:FurnitureFittings 2023-04-01 2024-03-31 OC318882 c:FurnitureFittings 2024-03-31 OC318882 c:FurnitureFittings 2023-03-31 OC318882 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC318882 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC318882 c:Goodwill 2023-04-01 2024-03-31 OC318882 c:Goodwill 2024-03-31 OC318882 c:Goodwill 2023-03-31 OC318882 c:CurrentFinancialInstruments 2024-03-31 OC318882 c:CurrentFinancialInstruments 2023-03-31 OC318882 c:CurrentFinancialInstruments 2 2024-03-31 OC318882 c:CurrentFinancialInstruments 2 2023-03-31 OC318882 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC318882 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC318882 e:FRS102 2023-04-01 2024-03-31 OC318882 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC318882 e:FullAccounts 2023-04-01 2024-03-31 OC318882 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC318882 2 2023-04-01 2024-03-31 OC318882 c:Goodwill c:OwnedIntangibleAssets 2023-04-01 2024-03-31 OC318882 e:PartnerLLP1 2023-04-01 2024-03-31 OC318882 e:PartnerLLP2 2023-04-01 2024-03-31 OC318882 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC318882 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC318882 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC318882 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC318882 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure


Registered number: OC318882












BERNARD STILWELL ARCHITECTS LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 

BERNARD STILWELL ARCHITECTS LLP

INFORMATION




Designated Members
B J Stilwell
T Charters


LLP registered number
OC318882

Registered office
10 Christina Street
London
EC2A 4PA

Accountants
Blick Rothenberg Limited
Chartered Accountants
16 Great Queen Street
Covent Garden
London
WC2B 5AH

Page 1


 
REGISTERED NUMBER:OC318882
BERNARD STILWELL ARCHITECTS LLP

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
18,330
27,497

Tangible fixed assets
 5 
11,674
11,714

  
30,004
39,211

Current assets
  

Debtors due within 1 year
 6 
58,493
14,615

Cash at bank and in hand
  
58,969
116,483

  
117,462
131,098

Creditors: amounts falling due within one year
 7 
(12,875)
(14,193)

Net current assets
  
 
 
104,587
 
 
116,905

Total assets less current liabilities
  
134,591
156,116

  

Net assets
  
134,591
156,116

Page 2


 
REGISTERED NUMBER:OC318882
BERNARD STILWELL ARCHITECTS LLP
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
9,589
31,114

  
9,589
31,114

Members' other interests
  

Members' capital classified as equity
  
125,002
125,002

  
 
125,002
 
125,002

  
134,591
156,116


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(18,187)
-

Loans and other debts due to members
 9 
9,589
31,114

Members' other interests
  
125,002
125,002

  
116,404
156,116


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 30 January 2025.




B J Stilwell
Designated member

The notes on pages 5 to 12 form part of these financial statements.

Page 3

 

BERNARD STILWELL ARCHITECTS LLP

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









Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total

£
£
£
£
£

Amounts due to members 

54,359


Balance at 1 April 2022 
183,336
-
183,336
54,359
237,695

Members' remuneration charged as an expense
-
-
-
62,255
62,255

Profit for the year available for discretionary division among members
 
-
62,255
62,255
-
62,255

Members' interests after profit for the year
183,336
62,255
245,591
116,614
362,205

Other division of profits
-
(62,255)
(62,255)
-
(62,255)

Repayment of capital
(58,334)
-
(58,334)
-
(58,334)

Drawings on account and distribution of profit
 
-
-
-
(85,500)
(85,500)

Amounts due to members
 



31,114


Balance at 31 March 2023
125,002
-
125,002
31,114
156,116

Members' remuneration charged as an expense
-
-
-
4,288
4,288

Profit for the year available for discretionary division among members
 
-
4,288
4,288
-
4,288

Members' interests after profit for the year
125,002
4,288
129,290
35,402
164,692

Other division of profits
-
(4,288)
(4,288)
-
(4,288)

Drawings on account and distribution of profit
 
-
-
-
(44,000)
(44,000)

Amounts due to members
9,589

Amounts due from members
 



(18,187)


Balance at 31 March 2024 
125,002
-
125,002
(8,598)
116,404

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 4

 

BERNARD STILWELL ARCHITECTS LLP

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

1.


General information

Bernard Stilwell Architects LLP is a limited liability partnership, incorporated in England and Wales. Its registered office is 10 Christina Street, EC2A 4PA.
The financial statements are presented in Sterling (£).

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

Going concern

After making enquiries, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statemens were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 

BERNARD STILWELL ARCHITECTS LLP

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

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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:

Plant and machinery
-
25% reducing balance basis
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
25% reducing balance basis

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.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 

BERNARD STILWELL ARCHITECTS LLP

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

2.Accounting policies (continued)


2.7

Financial instruments

The LLP has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. 
 
The LLP’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest rate method, less any impairment.

Financial liabilities

Basic financial liabilities, including other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the LLP would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 7

 

BERNARD STILWELL ARCHITECTS LLP

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

2.Accounting policies (continued)




Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
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 .

 
2.9

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Interest income

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

  
2.11

Employee benefits

Short-term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

 
2.12

Taxation

Tax to be paid on the profits arising in the LLP are a personal tax liability of the members of the LLP and therefore are not included as a tax charge or provision within these financial statements.

Page 8

 

BERNARD STILWELL ARCHITECTS LLP

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

2.Accounting policies (continued)

 
2.13

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accodance with FRS 102. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the profit and loss account in the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities in the balance sheet.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described avove, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the balance sheet within 'loans and other debts due to members' and are charged to the profit and loss account, within 'members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'.


3.


Employees

The average monthly number of members during the year was 2 (2023 - 2).
The average monthly number of employees, excluding members, during the year was 1 (2023 - 1).

Page 9

 

BERNARD STILWELL ARCHITECTS LLP

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

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023 and 31 March 2024

183,336



Amortisation


At 1 April 2023
155,839


Charge for the year
9,167



At 31 March 2024

165,006



Net book value



At 31 March 2024
18,330



At 31 March 2023
27,497

Goodwill arises from the transfer of the business of Bernard Stilwell Architects (sole trader).



Page 10

 

BERNARD STILWELL ARCHITECTS LLP

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

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
28,546
2,676
29,585
60,807


Additions
-
-
3,225
3,225



At 31 March 2024

28,546
2,676
32,810
64,032



Depreciation


At 1 April 2023
22,280
2,657
24,156
49,093


Charge for the year
1,567
5
1,693
3,265



At 31 March 2024

23,847
2,662
25,849
52,358



Net book value



At 31 March 2024
4,699
14
6,961
11,674



At 31 March 2023
6,266
19
5,429
11,714


6.


Debtors

2024
2023
£
£


Trade debtors
-
11,537

Other debtors
1,567
-

Prepayments and accrued income
38,739
3,078

Amounts due from members
18,187
-

58,493
14,615


Page 11

 

BERNARD STILWELL ARCHITECTS LLP

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
850
-

Other taxation and social security
6,521
9,517

Other creditors
223
223

Accruals and deferred income
5,281
4,453

12,875
14,193



8.


Loans


Analysis of the maturity of loans is given below:










9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
9,589
31,114

9,589
31,114

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

2024
2023
£
£



Falling due within one year
9,589
31,114

9,589
31,114

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

 
Page 12