Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-31false2024-04-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC401172 2024-04-01 2025-03-31 OC401172 2023-04-01 2024-03-31 OC401172 2025-03-31 OC401172 2024-03-31 OC401172 c:FreeholdInvestmentProperty 2025-03-31 OC401172 c:FreeholdInvestmentProperty 2024-03-31 OC401172 c:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 OC401172 c:CurrentFinancialInstruments 2025-03-31 OC401172 c:CurrentFinancialInstruments 2024-03-31 OC401172 c:CurrentFinancialInstruments 2 2025-03-31 OC401172 c:CurrentFinancialInstruments 2 2024-03-31 OC401172 c:Non-currentFinancialInstruments 2025-03-31 OC401172 c:Non-currentFinancialInstruments 2024-03-31 OC401172 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC401172 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC401172 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC401172 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC401172 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2025-03-31 OC401172 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC401172 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2025-03-31 OC401172 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC401172 e:FRS102 2024-04-01 2025-03-31 OC401172 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC401172 e:FullAccounts 2024-04-01 2025-03-31 OC401172 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC401172 e:PartnerLLP3 2024-04-01 2025-03-31 OC401172 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC401172 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC401172 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC401172 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC401172 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC401172









SWINDON REGENT STREET 2015 LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
SWINDON REGENT STREET 2015 LLP
REGISTERED NUMBER: OC401172

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
530,000
950,000

Current assets
  

Debtors: amounts falling due within one year
 5 
40,586
125,264

Cash at bank and in hand
 6 
210
4,035

  
40,796
129,299

Creditors: amounts falling due within one year
 7 
(601,050)
(577,489)

Net current liabilities
  
 
 
(560,254)
 
 
(448,190)

Total assets less current liabilities
  
(30,254)
501,810

Creditors: amounts falling due after more than one year
 8 
-
(898,131)

  

Net liabilities
  
(30,254)
(396,321)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
786,067
-

Members' other interests
  

Members' capital classified as equity
  
400
400

Other reserves classified as equity
  
(816,721)
(396,721)

  
 
(816,321)
 
(396,321)

  
(30,254)
(396,321)


Total members' interests
  

Amounts due from members (included in debtors)
 5 
-
(100,248)

Loans and other debts due to members
 10 
786,067
-

Members' other interests
  
(816,321)
(396,321)

  
(30,254)
(496,569)


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.
Page 1

 
SWINDON REGENT STREET 2015 LLP
REGISTERED NUMBER: OC401172
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025


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: 




................................................
Miss Honey Consultancy Limited
Designated member

Date: 26 June 2025

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

Swindon Regent Street 2015 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

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Swindon Regent Street 2015 LLP is a limited liability partnership registered in England and Wales. The 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 enquires, the 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 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.

 
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 both automatically and discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

Page 3

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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 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
Page 4

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.10
Financial instruments (continued)

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.


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
950,000


Surplus on revaluation
(420,000)



At 31 March 2025
530,000

The 2025 valuations were made by designated members,, on an open market value for existing use basis.



Page 5

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


5.


Debtors

2025
2024
£
£


Trade debtors
5,500
2,750

Prepayments and accrued income
35,086
22,266

Amounts due from members
-
100,248

40,586
125,264



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
210
4,035

Less: bank overdrafts
(193,890)
-

(193,680)
4,035



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
193,890
-

Bank loans
200,400
225,628

Trade creditors
1,155
-

Other taxation and social security
2,771
1,835

Other creditors
196,500
182,000

Accruals and deferred income
6,334
168,026

601,050
577,489


Bank loans are secured by a fixed and floating charge over all assets of the LLP.

Page 6

 
SWINDON REGENT STREET 2015 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
190,131

Other creditors
-
708,000

-
898,131


Bank loans are secured by a fixed and floating charge over all assets of the LLP.


9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
200,400
225,628

Amounts falling due 1-2 years

Bank loans
-
18,364

Amounts falling due after more than 5 years

Bank loans
-
171,767

200,400
415,759



10.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
786,067
-

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



Page 7