Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SO307151 2023-04-01 2024-03-31 SO307151 2022-04-01 2023-03-31 SO307151 2024-03-31 SO307151 2023-03-31 SO307151 c:Buildings 2023-04-01 2024-03-31 SO307151 c:Buildings 2024-03-31 SO307151 c:Buildings 2023-03-31 SO307151 c:Buildings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO307151 c:PlantMachinery 2023-04-01 2024-03-31 SO307151 c:PlantMachinery 2024-03-31 SO307151 c:PlantMachinery 2023-03-31 SO307151 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO307151 c:MotorVehicles 2023-04-01 2024-03-31 SO307151 c:MotorVehicles 2024-03-31 SO307151 c:MotorVehicles 2023-03-31 SO307151 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO307151 c:FurnitureFittings 2023-04-01 2024-03-31 SO307151 c:FurnitureFittings 2024-03-31 SO307151 c:FurnitureFittings 2023-03-31 SO307151 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO307151 c:OfficeEquipment 2023-04-01 2024-03-31 SO307151 c:OfficeEquipment 2024-03-31 SO307151 c:OfficeEquipment 2023-03-31 SO307151 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO307151 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO307151 c:Goodwill 2023-04-01 2024-03-31 SO307151 c:Goodwill 2024-03-31 SO307151 c:Goodwill 2023-03-31 SO307151 c:CurrentFinancialInstruments 2024-03-31 SO307151 c:CurrentFinancialInstruments 2023-03-31 SO307151 c:Non-currentFinancialInstruments 2024-03-31 SO307151 c:Non-currentFinancialInstruments 2023-03-31 SO307151 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 SO307151 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 SO307151 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 SO307151 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 SO307151 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 SO307151 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 SO307151 d:FRS102 2023-04-01 2024-03-31 SO307151 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SO307151 d:FullAccounts 2023-04-01 2024-03-31 SO307151 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 SO307151 c:Goodwill c:OwnedIntangibleAssets 2023-04-01 2024-03-31 SO307151 d:PartnerLLP1 2023-04-01 2024-03-31 SO307151 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 SO307151 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 SO307151 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SO307151 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 SO307151 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: SO307151









EILEAN SHONA COLLECTIVE LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EILEAN SHONA COLLECTIVE LLP
REGISTERED NUMBER: SO307151

BALANCE SHEET
AS AT 31 MARCH 2024

2024
As restated 2023
Not
£
£

Fixed assets
  

Intangible assets
 3 
1,568,624
1,792,713

Tangible assets
 4 
582,646
482,619

  
2,151,270
2,275,332

Current assets
  

Stocks
  
24,426
15,971

Debtors: amounts falling due within one year
 5 
71,178
40,816

Cash at bank and in hand
 6 
27,171
13,735

  
122,775
70,522

Creditors: Amounts Falling Due Within One Year
 7 
(354,621)
(390,830)

Net current liabilities
  
 
 
(231,846)
 
 
(320,308)

Total assets less current liabilities
  
1,919,424
1,955,024

Creditors: amounts falling due after more than one year
 8 
(16,500)
(22,500)

  
1,902,924
1,932,524

  

Net assets
  
1,902,924
1,932,524


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
(488,759)
(459,159)

  
(488,759)
(459,159)

Members' other interests
  

Members' capital classified as equity
  
2,391,683
2,391,683

  
 
2,391,683
 
2,391,683

  
1,902,924
1,932,524


Total members' interests
  

Loans and other debts due to members
  
(488,759)
(459,159)

Members' other interests
  
2,391,683
2,391,683

  
1,902,924
1,932,524

Page 1

 
EILEAN SHONA COLLECTIVE LLP
REGISTERED NUMBER: SO307151
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
EILEAN SHONA COLLECTIVE LLP
REGISTERED NUMBER: SO307151
    
BALANCE SHEET (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 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 by: 




V G Branson
Designated member

Date: 28 March 2025

The notes on pages 4 to 11 form part of these financial statements.

Eilean Shona Collective 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 3

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Eilean Shona Collective LLP is a limited liability partnership incorporated in England & Wales (LLP number: SO307151). The registered office is Eilean Shona House, Eilean Shona, Argyll, Scotland, PH36 4LR.
The 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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 4

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.7

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 .

Page 5

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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:

Freehold property
-
10%
Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
10%
Office equipment
-
10%

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.

Page 6

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.
Page 7

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Intangible assets



Goodwill

£



Cost


At 1 April 2023
2,240,891



At 31 March 2024

2,240,891



Amortisation


At 1 April 2023
448,178


Charge for the year on owned assets
224,089



At 31 March 2024

672,267



Net book value



At 31 March 2024
1,568,624



Page 8

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
671,382
16,263
24,413
57,681
26,457
796,196


Additions
161,383
-
-
5,020
-
166,403



At 31 March 2024

832,765
16,263
24,413
62,701
26,457
962,599



Depreciation


At 1 April 2023
224,293
9,334
17,125
38,357
24,467
313,576


Charge for the year on owned assets
61,015
695
1,827
2,441
399
66,377



At 31 March 2024

285,308
10,029
18,952
40,798
24,866
379,953



Net book value



At 31 March 2024
547,457
6,234
5,461
21,903
1,591
582,646


5.


Debtors

As restated
2024
2023
£
£


Trade debtors
55,898
37,410

Other debtors
15,150
3,069

Prepayments and accrued income
130
336

71,178
40,815


Page 9

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

As restated
2024
2023
£
£

Cash at bank and in hand
27,171
13,735

27,171
13,735



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
25,832
42,504

Other taxation and social security
29,134
42,076

Other creditors
250,955
275,103

Accruals and deferred income
48,700
31,147

354,621
390,830



8.


Creditors: Amounts falling due after more than one year

As restated
2024
2023
£
£

Bank loans
16,500
22,500

16,500
22,500


Page 10

 
EILEAN SHONA COLLECTIVE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


As restated
2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
16,500
22,500


16,500
22,500



16,500
22,500



10.


Prior year adjustment

The prior year figures have been restated to include amortisation on goodwill. 


11.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £3,054 (2023: £2,477). Contributions totalling £634 (2023: £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11