Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302024-04-01falseNo description of principal activity1818truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC343485 2024-04-01 2024-09-30 OC343485 2023-04-01 2024-03-31 OC343485 2024-09-30 OC343485 2024-03-31 OC343485 c:MotorVehicles 2024-04-01 2024-09-30 OC343485 c:MotorVehicles 2024-09-30 OC343485 c:MotorVehicles 2024-03-31 OC343485 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2024-09-30 OC343485 c:FurnitureFittings 2024-04-01 2024-09-30 OC343485 c:FurnitureFittings 2024-09-30 OC343485 c:FurnitureFittings 2024-03-31 OC343485 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2024-09-30 OC343485 c:OwnedOrFreeholdAssets 2024-04-01 2024-09-30 OC343485 c:CurrentFinancialInstruments 2024-09-30 OC343485 c:CurrentFinancialInstruments 2024-03-31 OC343485 c:Non-currentFinancialInstruments 2024-09-30 OC343485 c:Non-currentFinancialInstruments 2024-03-31 OC343485 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 OC343485 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC343485 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 OC343485 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC343485 d:FRS102 2024-04-01 2024-09-30 OC343485 d:AuditExempt-NoAccountantsReport 2024-04-01 2024-09-30 OC343485 d:FullAccounts 2024-04-01 2024-09-30 OC343485 d:LimitedLiabilityPartnershipLLP 2024-04-01 2024-09-30 OC343485 c:WithinOneYear 2024-09-30 OC343485 c:WithinOneYear 2024-03-31 OC343485 c:BetweenOneFiveYears 2024-09-30 OC343485 c:BetweenOneFiveYears 2024-03-31 OC343485 c:HirePurchaseContracts c:WithinOneYear 2024-09-30 OC343485 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 OC343485 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-09-30 OC343485 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 OC343485 2 2024-04-01 2024-09-30 OC343485 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-09-30 OC343485 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-03-31 OC343485 d:PartnerLLP1 2024-04-01 2024-09-30 OC343485 e:PoundSterling 2024-04-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: OC343485









SAY PROPERTY CONSULTING LLP

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
SAY PROPERTY CONSULTING LLP
REGISTERED NUMBER: OC343485

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
31 March
2024
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,970
60,604

Current assets
  

Debtors: amounts falling due within one year
 5 
769,240
778,007

Bank and cash balances
  
113,308
238,994

  
882,548
1,017,001

Creditors: Amounts Falling Due Within One Year
 6 
(375,795)
(540,662)

Net current assets
  
 
 
506,753
 
 
476,339

Total assets less current liabilities
  
564,723
536,943

Creditors: amounts falling due after more than one year
 7 
(31,246)
(34,996)

  

Net assets
  
533,477
501,947


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
533,477
501,947

  

  
533,477
501,947


Total members' interests
  

Loans and other debts due to members
 9 
533,477
501,947

  
533,477
501,947


Page 1

 
SAY PROPERTY CONSULTING LLP
REGISTERED NUMBER: OC343485

BALANCE SHEET (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 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: 




Debra Yudolph
Designated member

Date: 26 June 2025

The notes on pages 4 to 11 form part of these financial statements.

SAY Property Consulting 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

 
SAY PROPERTY CONSULTING LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Profit for the period available for discretionary division among members
 
431,709
431,709
-
-
431,709

Members' interests after profit for the period
431,709
431,709
686,309
686,309
1,118,018

Other division of profits
(431,709)
(431,709)
431,709
431,709
-

Drawings on account and distribution of profit
-
-
(616,071)
(616,071)
(616,071)

Amounts due to members
501,947
501,947

Balance at 31 March 2024
-
-
501,947
501,947
501,947

Profit for the period available for discretionary division among members
 
106,570
106,570
-
-
106,570

Members' interests after profit for the period
106,570
106,570
501,947
501,947
608,517

Other division of profits
(106,570)
(106,570)
106,570
106,570
-

Drawings on account and distribution of profit
-
-
(75,040)
(75,040)
(75,040)

Amounts due to members
533,477
533,477

Balance at 30 September 2024 
-
-
533,477
533,477
533,477

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

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

SAY Property Consulting is a Limited Liabillity Partnership incorporated in England and Wales, within the United Kingdom. The registered LLP number is OC343485 and the LLP's registered office and trading address is 24 Old Bond Street, London, United Kingdom, W1S 4AP. 
The current financial period represents the 6 month period to 30 September 2024 whereas the prior financial year represents a full 12 month period to 31 March 2024. Therefore, the financial information for the current period is not directly comparable to that of the prior year. 
The LLP transferred its trade on 30 September 2024 to a limited company. 

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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. 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.

 
2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 5

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement
Page 6

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless 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 debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.
Page 7

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including members, during the period was 18 (2024 - 18).


4.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2024
64,990
88,522
153,512


Additions
-
5,436
5,436



At 30 September 2024

64,990
93,958
158,948



Depreciation


At 1 April 2024
25,387
67,521
92,908


Charge for the period on owned assets
4,950
3,120
8,070



At 30 September 2024

30,337
70,641
100,978



Net book value



At 30 September 2024
34,653
23,317
57,970



At 31 March 2024
39,603
21,001
60,604

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


30 September
31 March
2024
2024
£
£



Motor vehicles
34,653
39,603

Page 8

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Debtors

30 September
31 March
2024
2024
£
£


Trade debtors
640,104
532,971

Other debtors
18,788
19,688

Prepayments and accrued income
110,348
225,348

769,240
778,007



6.


Creditors: Amounts falling due within one year

30 September
31 March
2024
2024
£
£

Trade creditors
89,771
63,593

Amounts owed to related undertakings
-
10,000

Other taxation and social security
144,396
157,244

Obligations under finance lease and hire purchase contracts
7,501
7,501

Pension fund loan
7,211
10,322

Amounts due to former members
2,300
94,038

Accruals and deferred income
124,616
197,964

375,795
540,662



7.


Creditors: Amounts falling due after more than one year

30 September
31 March
2024
2024
£
£

Net obligations under finance leases and hire purchase contracts
31,246
34,996


Page 9

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

30 September
31 March
2024
2024
£
£


Within one year
7,501
7,501

Between 1-5 years
31,246
34,996

38,747
42,497


9.


Loans and other debts due to members


30 September
31 March
2024
2024
£
£



Other amounts due to members
533,477
501,947

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

30 September
31 March
2024
2024
£
£



Falling due within one year
533,477
501,947

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


10.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £26,933 (2024 - £44,735) . Contributions totalling £7,211 (2024 - £10,322) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
SAY PROPERTY CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

11.


Commitments under operating leases

At 30 September 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

30 September
31 March
2024
2024
£
£


Not later than 1 year
62,548
62,548

Later than 1 year and not later than 5 years
36,486
67,760

99,034
130,308


12.


Related party transactions

The entity operates a loan with an entity under common control held within other creditors. The amount owed at the period end date was £Nil (2024 - £10,000). The loan was interest free, unsecured and was repayable on demand.


Page 11