Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312025-05-23true0No description of principal activity2023-04-01false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC402039 2023-04-01 2024-03-31 OC402039 2022-04-01 2023-03-31 OC402039 2024-03-31 OC402039 2023-03-31 OC402039 c:FreeholdInvestmentProperty 2024-03-31 OC402039 c:FreeholdInvestmentProperty 2023-03-31 OC402039 c:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 OC402039 c:CurrentFinancialInstruments 2024-03-31 OC402039 c:CurrentFinancialInstruments 2023-03-31 OC402039 c:CurrentFinancialInstruments 2 2024-03-31 OC402039 c:CurrentFinancialInstruments 2 2023-03-31 OC402039 c:Non-currentFinancialInstruments 2024-03-31 OC402039 c:Non-currentFinancialInstruments 2023-03-31 OC402039 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC402039 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC402039 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC402039 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC402039 e:FRS102 2023-04-01 2024-03-31 OC402039 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC402039 e:FullAccounts 2023-04-01 2024-03-31 OC402039 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC402039 e:PartnerLLP1 2023-04-01 2024-03-31 OC402039 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC402039 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC402039 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC402039









131SJH LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
131SJH LLP
REGISTERED NUMBER: OC402039

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
340,000
335,000

Current assets
  

Debtors: amounts falling due within one year
 5 
297,219
301,261

Cash at bank and in hand
 6 
1,933
3,016

  
299,152
304,277

Creditors: amounts falling due within one year
 7 
(244,961)
(244,584)

Net current assets
  
 
 
54,191
 
 
59,693

Total assets less current liabilities
  
394,191
394,693

Creditors: amounts falling due after more than one year
 8 
(6,000)
(6,000)

Net assets
  
388,191
388,693


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
273,391
278,893

Members' other interests
  

Other reserves classified as equity
  
114,800
109,800

  
388,191
388,693


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(292,566)
(293,305)

Loans and other debts due to members
 9 
273,391
278,893

Members' other interests
  
114,800
109,800

  
95,625
95,388


Page 1

 
131SJH LLP
REGISTERED NUMBER: OC402039
    
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: 




Hisley Property Developments Limited
Designated member

Date: 23 May 2025

The notes on pages 3 to 7 form part of these financial statements.

131SJH 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

 
131SJH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

131SJH LLP is a limited liability partnership registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

After making enquiries, the designated members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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. 
Revenue comprises rental income, service charges and other recoveries from tenants of the LLP's investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

 
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.

Page 3

 
131SJH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 .

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 4

 
131SJH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees



The entity has no employees.

Page 5

 
131SJH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
335,000


Surplus on revaluation
5,000



At 31 March 2024
340,000

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




5.


Debtors

2024
2023
£
£


Trade debtors
4,653
7,956

Amounts due from members
292,566
293,305

297,219
301,261



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,933
3,016


Page 6

 
131SJH LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
228,375
228,375

Trade creditors
7,017
7,782

Other taxation and social security
1,523
460

Accruals and deferred income
8,046
7,967

244,961
244,584


Bank loans totalling £228,375 (2023 - £228,375) are secured by a fixed charge over the LLP's investment property.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
6,000
6,000



9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
273,391
278,893

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



 
Page 7