Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31142023-04-01falsefalseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC400058 2023-04-01 2024-03-31 OC400058 2022-04-01 2023-03-31 OC400058 2024-03-31 OC400058 2023-03-31 OC400058 c:FurnitureFittings 2023-04-01 2024-03-31 OC400058 c:FurnitureFittings 2024-03-31 OC400058 c:FurnitureFittings 2023-03-31 OC400058 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC400058 c:CurrentFinancialInstruments 2024-03-31 OC400058 c:CurrentFinancialInstruments 2023-03-31 OC400058 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC400058 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC400058 d:FRS102 2023-04-01 2024-03-31 OC400058 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC400058 d:FullAccounts 2023-04-01 2024-03-31 OC400058 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC400058 c:WithinOneYear 2024-03-31 OC400058 c:WithinOneYear 2023-03-31 OC400058 c:BetweenOneFiveYears 2024-03-31 OC400058 c:BetweenOneFiveYears 2023-03-31 OC400058 c:MoreThanFiveYears 2024-03-31 OC400058 c:MoreThanFiveYears 2023-03-31 OC400058 d:PartnerLLP1 2023-04-01 2024-03-31 OC400058 d:PartnerLLP2 2023-04-01 2024-03-31 OC400058 d:PartnerLLP3 2023-04-01 2024-03-31 OC400058 d:PartnerLLP4 2023-04-01 2024-03-31 OC400058 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC400058 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC400058 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC400058







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


HAMILTON DAVIES LLP






































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HAMILTON DAVIES LLP
 



INFORMATION




Designated Members

P B Davies
R Kaskar (resigned 3 May 2024)
A Khanom (appointed 3 May 2024)

Member

J Brett (appointed 1 October 2024)

LLP registered number

OC400058

Registered office

28 High StreetStevenageSG1 3HF

Accountants

Menzies LLPRichmond HouseWalkern RoadStevenageHertsSG1 3QP


 


HAMILTON DAVIES LLP
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


HAMILTON DAVIES LLP
REGISTERED NUMBER:OC400058



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,223
-

  
1,223
-

Current assets
  

Debtors: amounts falling due within one year
 5 
214,469
134,266

Cash at bank and in hand
  
226,889
59,966

  
441,358
194,232

Creditors: Amounts Falling Due Within One Year
 6 
(260,158)
(82,310)

Net current assets
  
 
 
181,200
 
 
111,922

Total assets less current liabilities
  
182,423
111,922

  

Net assets
  
182,423
111,922


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
182,423
111,922

  
182,423
111,922

  

  
182,423
111,922


Total members' interests
  

Loans and other debts due to members
  
182,423
111,922

  
182,423
111,922


Page 1

 


HAMILTON DAVIES LLP
REGISTERED NUMBER:OC400058


    
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 18 March 2025.




P B Davies
A Khanom
Designated member
Designated member

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

Hamilton Davies 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

 


HAMILTON DAVIES LLP
 


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

1.


General information

Hamilton Davies LLP is a limited liability partnership ("LLP"), registered in England and Wales. The LLP's registered number and registered office address can be found on the general information page.
The presentation currency of the financial statements is the Pound 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

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.

 
2.3

Operating leases: the LLP as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 


HAMILTON DAVIES LLP
 


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

2.Accounting policies (continued)

 
2.4

Pensions

Defined benefit pension plan

The LLP operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Statement of financial position in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the reporting date less the fair value of plan assets at the reporting date (if any) out of which the obligations are to be settled.

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the LLP's policy for similarly held assets. This includes the use of appropriate valuation techniques.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

 
2.5

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 .

 
2.6

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

 


HAMILTON DAVIES LLP
 


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

2.Accounting policies (continued)


2.6
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
-
20%

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 14).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
6,660


Additions
1,439



At 31 March 2024

8,099



Depreciation


At 1 April 2023
6,660


Charge for the year on owned assets
216



At 31 March 2024

6,876



Net book value



At 31 March 2024
1,223



At 31 March 2023
-

Page 5

 


HAMILTON DAVIES LLP
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
106,579
64,124

Prepayments and accrued income
8,176
6,534

Amounts recoverable on long-term contracts
99,714
63,608

214,469
134,266



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,251
4,554

Other taxation and social security
194,676
71,343

Other creditors
46,000
-

Accruals and deferred income
17,231
6,413

260,158
82,310



7.


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:

2024
2023
£
£


Not later than 1 year
29,000
29,000

Later than 1 year and not later than 5 years
145,000
145,000

Later than 5 years
87,000
116,000

261,000
290,000

 
Page 6