Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-3122023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2truetruefalse OC400943 2023-09-01 2024-08-31 OC400943 2022-09-01 2023-08-31 OC400943 2024-08-31 OC400943 2023-08-31 OC400943 c:OfficeEquipment 2023-09-01 2024-08-31 OC400943 c:OfficeEquipment 2024-08-31 OC400943 c:OfficeEquipment 2023-08-31 OC400943 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 OC400943 c:CurrentFinancialInstruments 2024-08-31 OC400943 c:CurrentFinancialInstruments 2023-08-31 OC400943 c:Non-currentFinancialInstruments 2024-08-31 OC400943 c:Non-currentFinancialInstruments 2023-08-31 OC400943 d:FRS102 2023-09-01 2024-08-31 OC400943 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 OC400943 d:FullAccounts 2023-09-01 2024-08-31 OC400943 d:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC400943 d:PartnerLLP1 2023-09-01 2024-08-31 OC400943 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: OC400943









13-17 RED LION SQUARE LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
13-17 RED LION SQUARE LLP
REGISTERED NUMBER: OC400943

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
3,296
1,026

  
3,296
1,026

Current assets
  

Stocks
  
16,411,945
16,386,492

Debtors: amounts falling due within one year
 5 
119,308
140,998

Cash at bank and in hand
 6 
29,619
69,759

  
16,560,872
16,597,249

Creditors: amounts falling due within one year
 7 
(2,139,165)
(1,461,462)

Net current assets
  
 
 
14,421,707
 
 
15,135,787

Total assets less current liabilities
  
14,425,003
15,136,813

  

Creditors: amounts falling due after more than one year
 8 
(14,124,125)
(14,130,335)

  

  

Net assets
  
300,878
1,006,478


Capital and reserves
  

Loans and other debts due to members within one year
  

Other amounts
 9 
(2,699,122)
(1,993,522)

  
(2,699,122)
(1,993,522)

Members' other interests
  

Members' capital classified as equity
  
3,000,000
3,000,000

  
 
3,000,000
 
3,000,000

  
300,878
1,006,478


Total members' interests
  

Loans and other debts due to members
 9 
(2,699,122)
(1,993,522)

Members' other interests
  
3,000,000
3,000,000

  
300,878
1,006,478


Page 1

 
13-17 RED LION SQUARE LLP
REGISTERED NUMBER: OC400943
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 June 2025.




Silversign Limited
Designated member

Page 2

 
13-17 RED LION SQUARE LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 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 reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members
(1,993,522)
(1,993,522)

Loss for the year available for discretionary division among members
 
-
(705,600)
(705,600)
-
-
(705,600)

Members' interests after profit for the year
3,000,000
(705,600)
2,294,400
(1,993,522)
(1,993,522)
300,878

Other division of losses
-
705,600
705,600
(705,600)
(705,600)
-

Amounts due to members
(2,699,122)
(2,699,122)

Balance at 31 August 2024 
3,000,000
-
3,000,000
(2,699,122)
(2,699,122)
300,878

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

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

13-17 Red Lion Square LLP is a limited liability partnership registered in England and Wales. The address of its registered office is The Office Inglewood Mansions, 289 West End Lane, London, NW6 1RE.

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

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.

 
2.3

Borrowing costs

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

 
2.4

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:

Office equipment
-
33%

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.

 
2.5

Stocks

Properties held in stock are valued at the lower of cost and net realisable value.

 
2.6

Debtors

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

Page 4

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
3,707


Additions
3,950



At 31 August 2024

7,657



Depreciation


At 1 September 2023
2,681


Charge for the year on owned assets
1,680



At 31 August 2024

4,361



Net book value



At 31 August 2024
3,296



At 31 August 2023
1,026

Page 5

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
91,048
105,424

Other debtors
8,994
18,965

Prepayments and accrued income
19,266
16,609

119,308
140,998



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
29,619
69,759

29,619
69,759



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,210
506,210

Trade creditors
66,309
52,895

Other taxation and social security
18,792
59,058

Other creditors
1,411,587
341,211

Accruals and deferred income
636,267
502,088

2,139,165
1,461,462


Page 6

 
13-17 RED LION SQUARE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,624,125
12,130,335

Other loans
2,500,000
2,000,000

14,124,125
14,130,335


Bank loans and other loans includes amounts from Investec Bank PLC and Krodom Investments Limited, which has been secured by way of a fixed and floating charge on the assets of the LLP.


9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(2,699,122)
(1,993,522)

(2,699,122)
(1,993,522)

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

2024
2023
£
£



Falling due within one year
(2,699,122)
(1,993,522)

(2,699,122)
(1,993,522)

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

Page 7