Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC363742 2023-04-01 2024-03-31 OC363742 2022-04-01 2023-03-31 OC363742 2024-03-31 OC363742 2023-03-31 OC363742 c:FurnitureFittings 2023-04-01 2024-03-31 OC363742 c:FurnitureFittings 2024-03-31 OC363742 c:FurnitureFittings 2023-03-31 OC363742 c:CurrentFinancialInstruments 2024-03-31 OC363742 c:CurrentFinancialInstruments 2023-03-31 OC363742 c:CurrentFinancialInstruments 2 2024-03-31 OC363742 c:CurrentFinancialInstruments 2 2023-03-31 OC363742 c:Non-currentFinancialInstruments 2024-03-31 OC363742 c:Non-currentFinancialInstruments 2023-03-31 OC363742 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC363742 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC363742 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC363742 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC363742 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC363742 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-03-31 OC363742 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 OC363742 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 OC363742 e:FRS102 2023-04-01 2024-03-31 OC363742 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC363742 e:FullAccounts 2023-04-01 2024-03-31 OC363742 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC363742 e:PartnerLLP1 2023-04-01 2024-03-31 OC363742 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC363742 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC363742 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC363742 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC363742 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC363742









IMPACT INVESTMENT PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
IMPACT INVESTMENT PARTNERS LLP
REGISTERED NUMBER: OC363742

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
956,371
814,239

Cash at bank and in hand
 6 
1,352
1,139

  
957,723
815,378

Creditors: Amounts Falling Due Within One Year
 7 
(838,148)
(691,749)

Net current assets
  
 
 
119,575
 
 
123,629

Total assets less current liabilities
  
119,576
123,630

Creditors: amounts falling due after more than one year
 8 
(37,714)
(41,768)

  
81,862
81,862

  

Net assets
  
81,862
81,862


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,240,618
1,240,618

Other reserves classified as equity
  
(1,158,756)
(1,158,756)

  
 
81,862
 
81,862

  
81,862
81,862


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(408,153)
(445,087)

Members' other interests
  
81,862
81,862

  
(326,291)
(363,225)


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

Page 1

 
IMPACT INVESTMENT PARTNERS LLP
REGISTERED NUMBER: OC363742
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 15 July 2025.




................................................
Varun Sahni
Designated member

The notes on pages 4 to 9 form part of these financial statements.

Impact Investment Partners 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

 
IMPACT INVESTMENT PARTNERS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 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

£
£
£
£
£
£

Members' remuneration charged as an expense
-
-
-
77,182
77,182
77,182

Members' interests after profit for the year
1,240,618
(1,158,756)
81,862
(337,574)
(337,574)
(255,712)

Drawings on account and distribution of profit
-
-
-
(107,511)
(107,511)
(107,511)

Amounts due from members
 



(445,085)
(445,085)


Balance at 31 March 2023
1,240,618
(1,158,756)
81,862
(445,087)
(445,087)
(363,225)

Members' remuneration charged as an expense
-
-
-
69,024
69,024
69,024

Members' interests after profit for the year
1,240,618
(1,158,756)
81,862
(376,063)
(376,063)
(294,201)

Drawings on account and distribution of profit
-
-
-
(32,090)
(32,090)
(32,090)

Amounts due from members
 



(408,153)
(408,153)


Balance at 31 March 2024 
1,240,618
(1,158,756)
81,862
(408,153)
(408,153)
(326,291)

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

 
IMPACT INVESTMENT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Impact Investment Partners LLP is a limited liability partnership, registered in England and Wales. The
entity's registered number and registered office address are as below:
Registered number: OC363742
Registered office: The Courtyard, Sydenham Road, Croydon, United Kingdom, CR0 2EE.

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 Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
IMPACT INVESTMENT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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

Borrowing costs

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

Page 5

 
IMPACT INVESTMENT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 .

 
2.7

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:

Fixtures and fittings
-
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.

 
2.8

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.

 
2.9

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.

Page 6

 
IMPACT INVESTMENT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees




The entity has no employees.

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
8,343



At 31 March 2024

8,343



Depreciation


At 1 April 2023
8,342



At 31 March 2024

8,342



Net book value



At 31 March 2024
1



At 31 March 2023
1


5.


Debtors

2024
2023
£
£


Trade debtors
543,323
364,259

Other debtors
4,895
4,895

Amounts due from members
408,153
445,085
Page 7

 
IMPACT INVESTMENT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.Debtors (continued)


956,371
814,239



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,352
1,139

1,352
1,139



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,913
12,068

Other taxation and social security
416,994
327,578

Other creditors
23,941
31,103

Accruals and deferred income
392,300
321,000

838,148
691,749



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
37,714
41,768

37,714
41,768


Page 8

 
IMPACT INVESTMENT PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
37,714
41,768

37,714
41,768

37,714
41,768



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,352
1,139




Financial assets measured at fair value through profit or loss comprise...


11.


Related party transactions

Varun Sahni and Rohini Sood have a beneficial interest in a company in which the LLP provides
management services of £380,000 (2023:£425,000) a further £320,000 was invoiced in advance for work
undertaken after the balance sheet date. At the year end, the amount owed by the LLP to the company
was £0 (2023: £0). At the year end, the LLP was owed £543,323 (2023: £364,259) by the company.


12.


Controlling party

Impact Investment Partners LLP is controlled by Varun Sahni who is the designated members of the firm.

 
Page 9