Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-3002023-07-01true0provision of management servicesfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC413065 2023-07-01 2024-06-30 OC413065 2022-07-01 2023-06-30 OC413065 2024-06-30 OC413065 2023-06-30 OC413065 c:ComputerEquipment 2023-07-01 2024-06-30 OC413065 c:CurrentFinancialInstruments 2024-06-30 OC413065 c:CurrentFinancialInstruments 2023-06-30 OC413065 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 OC413065 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 OC413065 d:FRS102 2023-07-01 2024-06-30 OC413065 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 OC413065 d:FullAccounts 2023-07-01 2024-06-30 OC413065 d:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC413065 d:PartnerLLP1 2023-07-01 2024-06-30 OC413065 c:FurtherSpecificReserve2ComponentTotalEquity 2024-06-30 OC413065 c:FurtherSpecificReserve2ComponentTotalEquity 2023-06-30 OC413065 c:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30 OC413065 c:FurtherSpecificReserve3ComponentTotalEquity 2023-06-30 OC413065 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: OC413065














AXIL ADVISERS LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
AXIL ADVISERS LLP
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 4

 
AXIL ADVISERS LLP
REGISTERED NUMBER:OC413065

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,733,544
2,719,379

Cash at bank and in hand
  
23,670
23,915

  
2,757,214
2,743,294

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 5 
(182,957)
(191,187)

Net current assets
  
 
 
2,574,257
 
 
2,552,107

  

Net assets
  
2,574,257
2,552,107


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
2,572,969
2,551,405

  
2,572,969
2,551,405

Members' other interests
  

Other reserves classified as equity
  
1,288
702

  
2,574,257
2,552,107


Total members' interests
  

Loans and other debts due to members
  
2,572,969
2,551,405

Members' other interests
  
1,288
702

  
2,574,257
2,552,107

Page 1

 
AXIL ADVISERS LLP
REGISTERED NUMBER:OC413065
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 26 March 2025.




S A A Naqvi
Designated member

The notes on pages 3 to 4 form part of these financial statements.
Page 2

 
AXIL ADVISERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Axil Advisers LLP is a limited liability partnership registered in England and Wales. Its registered office address and principal place of business is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the LLP during the year was that of the provision of management services.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised once the services have been provided.

 
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.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Computer equipment
-
5 years 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.
Page 3

 
AXIL ADVISERS LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and bank balances, and related party advances and balances due.
Trade and other debtors are recognised initially at the transaction price less attributable  transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.
Cash and cash equivalents comprise cash balances.

 
2.5

Taxation

No provision for taxation on profits of the LLP is made in the financial statements. Each member is exclusively liable for any tax liabilities arising out of their interest in the LLP, which will be assessed on the individual members and not the LLP.


3.


Employees

The entity has no employees.


4.


Debtors

2024
2023
£
£


Trade debtors
2,732,733
2,718,569

Other debtors
810
810

2,733,543
2,719,379



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
117,474
120,282

Taxation and social security
22,090
17,417

Other creditors
37,909
37,909

Accruals and deferred income
5,484
15,579

182,957
191,187


 
Page 4