Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false32023-11-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC385269 2023-11-01 2024-10-31 OC385269 2022-11-01 2023-10-31 OC385269 2024-10-31 OC385269 2023-10-31 OC385269 c:Buildings 2023-11-01 2024-10-31 OC385269 c:Buildings 2024-10-31 OC385269 c:Buildings 2023-10-31 OC385269 c:Buildings c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 OC385269 c:PlantMachinery 2023-11-01 2024-10-31 OC385269 c:PlantMachinery 2024-10-31 OC385269 c:PlantMachinery 2023-10-31 OC385269 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 OC385269 c:FurnitureFittings 2023-11-01 2024-10-31 OC385269 c:FurnitureFittings 2024-10-31 OC385269 c:FurnitureFittings 2023-10-31 OC385269 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 OC385269 c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 OC385269 c:FreeholdInvestmentProperty 2023-11-01 2024-10-31 OC385269 c:FreeholdInvestmentProperty 2024-10-31 OC385269 c:FreeholdInvestmentProperty 2023-10-31 OC385269 c:CurrentFinancialInstruments 2024-10-31 OC385269 c:CurrentFinancialInstruments 2023-10-31 OC385269 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 OC385269 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 OC385269 d:FRS102 2023-11-01 2024-10-31 OC385269 d:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 OC385269 d:FullAccounts 2023-11-01 2024-10-31 OC385269 d:LimitedLiabilityPartnershipLLP 2023-11-01 2024-10-31 OC385269 5 2023-11-01 2024-10-31 OC385269 d:PartnerLLP1 2023-11-01 2024-10-31 OC385269 d:PartnerLLP2 2023-11-01 2024-10-31 OC385269 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-10-31 OC385269 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-10-31 OC385269 c:FurtherSpecificReserve3ComponentTotalEquity 2024-10-31 OC385269 c:FurtherSpecificReserve3ComponentTotalEquity 2023-10-31 OC385269 4 2024-10-31 OC385269 4 2023-10-31 OC385269 f:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: OC385269










HARTSLOCK LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
HARTSLOCK LLP
 

INFORMATION




Designated Members

R E Hazell
Mrs F J Hazell

LLP registered number

OC385269

Registered office

Mount Pleasant FarmWhitchurch HillReadingBerkshireRG8 7PD

Accountants

James Cowper KrestonReading Bridge HouseGeorge StreetReadingBerkshireRG1 8LS


 
HARTSLOCK LLP
 

CONTENTS



Page
Balance sheet
1 - 2
Reconciliation of members' interests
3
Notes to the financial statements
4 - 9


 
HARTSLOCK LLP
REGISTERED NUMBER: OC385269

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
11,121,648
11,176,141

Investments
 4 
670,000
670,000

Investment property
 5 
6,911,731
6,860,602

  
18,703,379
18,706,743

Current assets
  

Stocks
 6 
109,456
436,050

Debtors: amounts falling due within one year
 7 
32,328
79,838

Cash at bank and in hand
 8 
199,677
339,513

  
341,461
855,401

Creditors: Amounts Falling Due Within One Year
 9 
(125,413)
(508,682)

Net current assets
  
 
 
216,048
 
 
346,719

Total assets less current liabilities
  
18,919,427
19,053,462

  

Net assets
  
18,919,427
19,053,462


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
15,778,427
15,912,462

  
15,778,427
15,912,462

Members' other interests
  

Revaluation reserve
  
3,141,000
3,141,000

  
 
3,141,000
 
3,141,000

  
18,919,427
19,053,462


Total members' interests
  

Loans and other debts due to members
 10 
15,778,427
15,912,462

Members' other interests
  
3,141,000
3,141,000

  
18,919,427
19,053,462


Page 1

 
HARTSLOCK LLP
REGISTERED NUMBER: OC385269

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 by: 




R E Hazell
Designated member
Date: 15 July 2025

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

Page 2

 
HARTSLOCK LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 OCTOBER 2024







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

£
£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
189,397
189,397
-
-
189,397

Members' interests after profit for the year
3,141,000
189,397
3,330,397
15,723,065
15,723,065
19,053,462

Other division of profits
-
(189,397)
(189,397)
189,397
189,397
-

Amounts due to members
15,912,462
15,912,462

Balance at 31 October 2023
3,141,000
-
3,141,000
15,899,735
15,899,735
19,040,735

Loss for the year available for discretionary division among members
 
-
(121,308)
(121,308)
-
-
(121,308)

Members' interests after profit for the year
3,141,000
(121,308)
3,019,692
15,899,735
15,899,735
18,919,427

Other division of losses
-
121,308
121,308
(121,308)
(121,308)
-

Amounts due to members
15,778,427
15,778,427

Balance at 31 October 2024 
3,141,000
-
3,141,000
15,778,427
15,778,427
18,919,427

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

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

 
HARTSLOCK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.
The following principal accounting policies have been applied:

 
1.2

Turnover

Turnover comprises rents receivable and the sale of cattle and crops, exclusive of Value Added Tax.

 
1.3

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.

 
1.4

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:

Freehold property
-
2%
Plant & machinery
-
10%
Fixtures & fittings
-
10%

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.

Page 4

 
HARTSLOCK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance sheet date.
Revaluation gains and losses are recognised in the Profit and loss account unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Fair values are determined annually by the members.

 
1.6

Investment properties

Investment properties are included in the financial statements at their fair value in accordance with FRS 102 and are not depreciated. Changes in fair value are recognised in profit or loss.

 
1.7

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Agricultural stock is valued in accordance with BEN 19.

 
1.8

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.

 
1.9

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.

 
1.10

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.


2.


Employees

The average monthly number of employees during the year was as follows:


        2024
        2023
            No.
            No.







Employees
3
3

Page 5

 
HARTSLOCK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Tangible fixed assets





Freehold properties
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2023
11,513,573
31,760
41,123
11,586,456


Additions
-
4,990
-
4,990



At 31 October 2024

11,513,573
36,750
41,123
11,591,446



Depreciation


At 1 November 2023
374,301
12,920
23,094
410,315


Charge for the year
52,714
3,675
3,094
59,483



At 31 October 2024

427,015
16,595
26,188
469,798



Net book value



At 31 October 2024
11,086,558
20,155
14,935
11,121,648



At 31 October 2023
11,139,272
18,840
18,029
11,176,141

Included in freehold property is freehold land at valuation of £8,598,572 (2023 - £8,598,572), (cost £7,779,572 (2023 - £7,779,572)) which is not depreciated.

Cost or valuation at 31 October 2024 is as follows:

Land and buildings
£


At cost
10,169,573
At valuation:

2016 (£1,426,000 less depreciation on revalued assets of £82,000)
1,344,000



11,513,573

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
10,169,573
10,169,573

Accumulated depreciation
(427,015)
(374,299)

Net book value
9,742,558
9,795,274

Page 6

 
HARTSLOCK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Fixed asset investments





Trade investments

£



Cost


At 1 November 2023
670,000



At 31 October 2024
670,000






Net book value



At 31 October 2024
670,000



At 31 October 2023
670,000


5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
6,860,602


Additions at cost
51,129



At 31 October 2024
6,911,731


Comprising


Cost
4,944,737

Revaluation surplus/(deficit):


2016
855,000

2018
860,000

2022
251,994

At 31 October 2024
6,911,731

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




Page 7

 
HARTSLOCK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Stocks

2024
2023
£
£

Stocks
109,456
436,050

109,456
436,050



7.


Debtors

2024
2023
£
£


Other debtors
350
51,112

Prepayments
31,978
28,726

32,328
79,838



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
199,677
339,513

199,677
339,513



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
23,892
69,601

Other taxation and social security
9,936
-

Other creditors
85,519
435,918

Accruals and deferred income
6,066
3,163

125,413
508,682


Page 8

 
HARTSLOCK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
(15,778,427)
(15,912,462)

(15,778,427)
(15,912,462)

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




11.


Related party transactions

During the year, Hazell and Jefferies Limited charged staff salaries of £59,610 (2023: £105,597) to the LLP.  At the balance sheet date, the LLP owed £84,509 (2023: £420,079) to Hazelll and Jefferies Limited.


12.


Controlling party

The LLP is controlled by R E Hazell.


Page 9