Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31No description of principal activity2023-08-01falsefalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC386534 2023-08-01 2024-07-31 OC386534 2022-08-01 2023-07-31 OC386534 2024-07-31 OC386534 2023-07-31 OC386534 c:CurrentFinancialInstruments 2024-07-31 OC386534 c:CurrentFinancialInstruments 2023-07-31 OC386534 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 OC386534 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 OC386534 d:FRS102 2023-08-01 2024-07-31 OC386534 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC386534 d:FullAccounts 2023-08-01 2024-07-31 OC386534 d:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC386534 6 2023-08-01 2024-07-31 OC386534 d:PartnerLLP1 2023-08-01 2024-07-31 OC386534 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-07-31 OC386534 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-07-31 OC386534 c:FurtherSpecificReserve3ComponentTotalEquity 2024-07-31 OC386534 c:FurtherSpecificReserve3ComponentTotalEquity 2023-07-31 OC386534 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: OC386534









BALLANCE INVESTMENTS DPM LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BALLANCE INVESTMENTS DPM LLP
REGISTERED NUMBER: OC386534

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
300,000
300,000

  
300,000
300,000

Current assets
  

Debtors: amounts falling due within one year
 5 
918,200
918,200

Cash at bank and in hand
 6 
5,420
15,670

  
923,620
933,870

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 7 
(20,859)
(17,109)

Net current assets
  
 
 
902,761
 
 
916,761

Total assets less current liabilities
  
1,202,761
1,216,761

  

Net assets
  
1,202,761
1,216,761


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
 8 
1,202,461
1,216,461

  
1,202,461
1,216,461

Members' other interests
  

Members' capital classified as equity
  
300
300

  
 
300
 
300

  
1,202,761
1,216,761


Total members' interests
  

Loans and other debts due to members
 8 
1,202,461
1,216,461

Members' other interests
  
300
300

  
1,202,761
1,216,761


Page 1

 
BALLANCE INVESTMENTS DPM LLP
REGISTERED NUMBER: OC386534
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 on 27 April 2025.




D McPherson
Designated member

The notes on pages 4 to 6 form part of these financial statements.

Ballance Investments DPM 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

 
BALLANCE INVESTMENTS DPM LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JULY 2024




EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other amounts
Total

£
£
£

Amounts due to members
1,216,461

Balance at 31 July 2023
300
1,216,461
1,216,761

Members' interests after profit for the year
300
1,216,461
1,216,761

Other division of losses
-
(15,769)
(15,769)

Drawings on account and distribution of profit
-
1,769
1,769

Amounts due to members
1,202,461

Balance at 31 July 2024 
300
1,202,461
1,202,761

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Ballance Investments DPM LLP is a limited liability partnership, number OC386534. The registered office is Regina House, 124 Finchley Road, London, United Kingdom, NW3 5JS.

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

Borrowing costs

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

 
2.3

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.

 
2.4

Valuation of investments

IUnlisted investments are measured at cost less accumulated impairment.

 
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.

 
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.

Page 4

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2023
300,000



At 31 July 2024
300,000





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
918,200
918,200

918,200
918,200



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,420
15,670

Less: bank overdraft
(6)
-

5,414
15,670


Page 5

 
BALLANCE INVESTMENTS DPM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdraft
6
-

Other creditors
14,220
660

Accruals and deferred income
6,633
16,449

20,859
17,109



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
1,202,461
1,216,461

1,202,461
1,216,461

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

2024
2023
£
£



Falling due within one year
1,202,461
1,216,461

1,202,461
1,216,461

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

 
Page 6