Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31falseNo description of principal activity2023-04-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC371526 2023-04-01 2024-03-31 OC371526 2022-04-01 2023-03-31 OC371526 2024-03-31 OC371526 2023-03-31 OC371526 c:CurrentFinancialInstruments 2024-03-31 OC371526 c:CurrentFinancialInstruments 2023-03-31 OC371526 c:Non-currentFinancialInstruments 2024-03-31 OC371526 c:Non-currentFinancialInstruments 2023-03-31 OC371526 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC371526 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC371526 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC371526 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC371526 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC371526 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC371526 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC371526 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC371526 d:FRS102 2023-04-01 2024-03-31 OC371526 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC371526 d:FullAccounts 2023-04-01 2024-03-31 OC371526 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC371526 d:PartnerLLP1 2023-04-01 2024-03-31 OC371526 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC371526 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC371526 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC371526









WESTERN MILL LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WESTERN MILL LLP
REGISTERED NUMBER: OC371526

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
158,082
158,046

Cash at bank and in hand
 5 
863
11,547

  
158,945
169,593

Creditors: Amounts Falling Due Within One Year
 6 
(59,377)
(59,129)

Net current assets
  
 
 
99,568
 
 
110,464

Total assets less current liabilities
  
99,568
110,464

Creditors: amounts falling due after more than one year
 7 
(17,365)
(27,442)

  
82,203
83,022

  

Net assets
  
82,203
83,022


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
82,203
83,022

  
82,203
83,022

  

  
82,203
83,022


Total members' interests
  

Loans and other debts due to members
 9 
82,203
83,022

  
82,203
83,022


Page 1

 
WESTERN MILL LLP
REGISTERED NUMBER: OC371526
    
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 by: 




Mr M Lerner
Designated member

Date: 15 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Western Mill 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

 
WESTERN MILL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Western Mill LLP is limited liability partnership incorporated in England. Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the LLP.

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

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year 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 .

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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
WESTERN MILL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
158,082
158,046

158,082
158,046



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
863
11,547

863
11,547


Page 4

 
WESTERN MILL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,077
9,829

Other creditors
43,500
43,500

Accruals and deferred income
5,800
5,800

59,377
59,129



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,365
27,442

17,365
27,442



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,077
9,829


10,077
9,829

Amounts falling due 1-2 years

Bank loans
10,332
10,077


10,332
10,077

Amounts falling due 2-5 years

Bank loans
7,033
17,365


27,442
37,271


Page 5

 
WESTERN MILL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
82,203
83,022

82,203
83,022

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

2024
2023
£
£



Falling due within one year
82,203
83,022

82,203
83,022

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

 
Page 6