Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-092023-10-01holding and managing investment.false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC426825 2023-10-01 2024-09-30 OC426825 2022-10-01 2023-09-30 OC426825 2024-09-30 OC426825 2023-09-30 OC426825 c:PlantMachinery 2023-10-01 2024-09-30 OC426825 c:PlantMachinery 2024-09-30 OC426825 c:PlantMachinery 2023-09-30 OC426825 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 OC426825 c:Goodwill 2024-09-30 OC426825 c:Goodwill 2023-09-30 OC426825 c:FreeholdInvestmentProperty 2024-09-30 OC426825 c:FreeholdInvestmentProperty 2023-09-30 OC426825 c:CurrentFinancialInstruments 2024-09-30 OC426825 c:CurrentFinancialInstruments 2023-09-30 OC426825 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 OC426825 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 OC426825 d:FRS102 2023-10-01 2024-09-30 OC426825 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 OC426825 d:FullAccounts 2023-10-01 2024-09-30 OC426825 d:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 OC426825 6 2023-10-01 2024-09-30 OC426825 d:PartnerLLP1 2023-10-01 2024-09-30 OC426825 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-09-30 OC426825 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-09-30 OC426825 c:FurtherSpecificReserve2ComponentTotalEquity 2024-09-30 OC426825 c:FurtherSpecificReserve2ComponentTotalEquity 2023-09-30 OC426825 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: OC426825














S C BRADFORD LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
S C BRADFORD LLP
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
S C BRADFORD LLP
REGISTERED NUMBER:OC426825

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
52,200
66,120

Investments
 6 
181,402
181,402

Investment property
 7 
2,625,537
2,625,537

  
2,859,139
2,873,059

Current assets
  

Debtors: amounts falling due within one year
 8 
2,731,735
2,443,993

Cash at bank and in hand
  
15,176
11,511

  
2,746,911
2,455,504

Current liabilities
  

Creditors: amounts falling due within one year
 9 
(10,450)
(103,000)

Net current assets
  
 
 
2,736,461
 
 
2,352,504

Net assets
  
5,595,600
5,225,563


Represented by:
  

Members' other interests
  

Members' capital classified as equity
  
4,825,154
4,564,539

Other reserves classified as equity
  
770,446
661,024

  
5,595,600
5,225,563


Total members' interests
  

Members' other interests
  
5,595,600
5,225,563


Page 1

 
S C BRADFORD LLP
REGISTERED NUMBER:OC426825
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 9 May 2025.




J M Gain
On behalf of designated member
Stellar Founder Partner Limited

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

SC Bradford LLP is a private limited liability partnership incorporated in England and Wales, with its registered office address at C/O Stellar Asset Management Limited, 20 Chapel Street, Liverpool, L3 9AG.
The principal activity of the LLP continued to be that of holding and managing investments.
The functional and presentational currency of the LLP is £ 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

Exemption from preparing consolidated financial statements

The LLP qualifies as small as set out in section 383 of the Companies Act 2006 and the LLP and Group are considered eligible for the exemption from preparing consolidated accounts.

 
2.3

Turnover

Turnover 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 for services is recognised in the period in which the services are provided.

 
2.4

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 the Statement of Comprehensive Income.

 
2.5

Intangible assets

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

Page 3

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

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:

Plant and machinery
-
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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.11

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The LLP had no employees during the current and preceding period.


Page 4

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Other intangible assets

£



Cost


At 1 October 2023
11



At 30 September 2024

11



Amortisation


At 1 October 2023
11



At 30 September 2024

11



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 5

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 October 2023
130,589



At 30 September 2024

130,589



Depreciation


At 1 October 2023
64,469


Charge for the year on owned assets
13,920



At 30 September 2024

78,389



Net book value



At 30 September 2024
52,200



At 30 September 2023
66,120


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2023
181,402



At 30 September 2024
181,402

Page 6

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,625,537



At 30 September 2024
2,625,537

The 2024 valuations were made by the members, on an open market value for existing use basis.



If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

2024
2023
£
£


Historic cost
2,173,470
2,173,470


8.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
2,671,187
2,383,445

Other debtors
60,548
60,548

2,731,735
2,443,993



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
450
1,500

Other creditors
-
100,000

Accruals and deferred income
10,000
1,500

10,450
103,000


Page 7

 
S C BRADFORD LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Related party transactions

The LLP has taken advantage of the exemption under FRS102 33. 1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

 
Page 8