Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity017truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC416444 2024-01-01 2024-12-31 OC416444 2023-01-01 2023-12-31 OC416444 2024-12-31 OC416444 2023-12-31 OC416444 2023-01-01 OC416444 c:CurrentFinancialInstruments 2024-12-31 OC416444 c:CurrentFinancialInstruments 2023-12-31 OC416444 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 OC416444 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC416444 c:OtherMiscellaneousReserve 2024-01-01 2024-12-31 OC416444 c:OtherMiscellaneousReserve 2024-12-31 OC416444 c:OtherMiscellaneousReserve 2023-12-31 OC416444 c:OtherMiscellaneousReserve 2023-01-01 OC416444 d:FRS102 2024-01-01 2024-12-31 OC416444 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC416444 d:FullAccounts 2024-01-01 2024-12-31 OC416444 d:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC416444 d:PartnerLLP2 2024-01-01 2024-12-31 OC416444 c:FurtherSpecificReserve2ComponentTotalEquity 2024-12-31 OC416444 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC416444 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: OC416444










MARSHALL DENNING 2 LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MARSHALL DENNING 2 LLP
REGISTERED NUMBER: OC416444

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
204,044
155,395

Cash at bank and in hand
 5 
77,617
655,124

  
281,661
810,519

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(369,658)
(898,516)

Net current liabilities
  
 
 
(87,997)
 
 
(87,997)

Total assets less current liabilities
  
(87,997)
(87,997)

  

Net liabilities
  
(87,997)
(87,997)


Represented by:
  

Members' other interests
  

Other reserves classified as equity
  
(87,997)
(87,997)


Total members' interests
  

Members' other interests
  
(87,997)
(87,997)


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: 


UnitedLex Limited
Designated member

Date: 9 April 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
MARSHALL DENNING 2 LLP
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Other reserves
Total equity

£
£

At 1 January 2024
(87,997)
(87,997)



Profit for year for discretionary division among members
-
-


At 31 December 2024
(87,997)
(87,997)


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Other reserves
Total equity

£
£

At 1 January 2023
(87,997)
(87,997)



Profit for year for discretionary division among members
-
-


At 31 December 2023
(87,997)
(87,997)


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MARSHALL DENNING 2 LLP
 

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

1.


General information

Marshall Denning 2 LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office and principal place of business is 42 New Broad Street, 4th Floor, London, England, EC2M 1JD.

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

The LLP did not make a profit or loss for 2024 or 2023 and at the year end had net liabilities of £87,997 (2023: £87,997). Cash, net of overdrafts, held at the year end totalled £77,617 (2023: £654,482). The members intend to liquidate the LLP within 12 months of signing the financial statements. As a result, the financial statements have been prepared on a basis other than going concern. The members do not consider there to be any differences between the amortised cost and recoverable value of the LLP's assets.

 
2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
MARSHALL DENNING 2 LLP
 

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

2.Accounting policies (continued)

 
2.4

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.

  
2.5

Exceptional administrative expenses

Exceptional administrative expenses relate to amounts owed by related parties that were waived during the prior year.

 
2.6

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.

 
2.7

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.

 
2.8

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.

  
2.9

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
MARSHALL DENNING 2 LLP
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 17).


4.


Debtors

2024
2023
£
£


Amounts owed by related parties
185,782
50,582

Other debtors
18,262
103,630

Prepayments and accrued income
-
1,183

204,044
155,395


Amounts owed by related parties are non-interest bearing and deemed repayable on demand.


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
77,617
655,124

Less: bank overdrafts
-
(642)

77,617
654,482



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
642

Trade creditors
-
4,101

Amounts owed to related parties
359,658
652,759

Other taxation and social security
-
5,505

Other creditors
-
6,183

Accruals and deferred income
10,000
229,326

369,658
898,516


Amounts owed to related parties are non-interest bearing and deemed repayable on demand.


Page 5