Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-052025-04-05falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2024-04-06trueNo description of principal activity00 OC400364 2024-04-06 2025-04-05 OC400364 2023-04-06 2024-04-05 OC400364 2025-04-05 OC400364 2024-04-05 OC400364 c:FreeholdInvestmentProperty 2025-04-05 OC400364 c:FreeholdInvestmentProperty 2024-04-05 OC400364 c:CurrentFinancialInstruments 2025-04-05 OC400364 c:CurrentFinancialInstruments 2024-04-05 OC400364 c:CurrentFinancialInstruments c:WithinOneYear 2025-04-05 OC400364 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC400364 d:FRS102 2024-04-06 2025-04-05 OC400364 d:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 OC400364 d:FullAccounts 2024-04-06 2025-04-05 OC400364 d:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 OC400364 d:PartnerLLP2 2024-04-06 2025-04-05 OC400364 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-04-05 OC400364 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-04-05 OC400364 c:FurtherSpecificReserve2ComponentTotalEquity 2025-04-05 OC400364 c:FurtherSpecificReserve2ComponentTotalEquity 2024-04-05 OC400364 c:FurtherSpecificReserve3ComponentTotalEquity 2025-04-05 OC400364 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-05 OC400364 e:PoundSterling 2024-04-06 2025-04-05 iso4217:GBP xbrli:pure

Registered number: OC400364









MIDHURST RUSSELL LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 5 APRIL 2025

 
MIDHURST RUSSELL LLP
REGISTERED NUMBER: OC400364

BALANCE SHEET
AS AT 5 APRIL 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
500,000
500,000

  
500,000
500,000

Current assets
  

Cash at bank and in hand
 5 
17,541
17,037

  
17,541
17,037

Creditors: Amounts Falling Due Within One Year
 6 
(28,364)
(27,689)

Net current liabilities
  
 
 
(10,823)
 
 
(10,652)

Total assets less current liabilities
  
489,177
489,348

  

Net assets
  
489,177
489,348


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
13,172
13,343

  
13,172
13,343

Members' other interests
  

Members' capital classified as equity
  
346,005
346,005

Other reserves classified as equity

  

130,000
130,000

  
 
476,005
 
476,005

  
489,177
489,348


Total members' interests
  

Loans and other debts due to members
 7 
13,172
13,343

Members' other interests
  
476,005
476,005

  
489,177
489,348


Page 1

 
MIDHURST RUSSELL LLP
REGISTERED NUMBER: OC400364
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2025

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 12 July 2025.




J Maskell
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Midhurst Russell 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

 
MIDHURST RUSSELL LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 5 APRIL 2025







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
 



13,343
13,343


Balance at 5 April 2024
346,005
130,000
476,005
13,343
13,343
489,348

Profit for the year available for discretionary division among members
 
-
36,653
36,653
-
-
36,653

Members' interests after profit for the year
346,005
166,653
512,658
13,343
13,343
526,001

Other division of profits
-
-
-
36,653
36,653
36,653

Movement in reserves
-
(36,653)
(36,653)
-
-
(36,653)

Drawings on account and distribution of profit
 
-
-
-
(36,824)
(36,824)
(36,824)

Amounts due to members
 



13,172
13,172


Balance at 5 April 2025 
346,005
130,000
476,005
13,172
13,172
489,177

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

 
MIDHURST RUSSELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025

1.


General information

Midhurst Russell LLP is a partnership incorporated in the United Kingdom. The partnership is registered in England and Wales. The address of the registered office is: 1 The Green, Richmond, United Kingdom, TW9 1PL.

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

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.

 
2.3

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 .

Page 4

 
MIDHURST RUSSELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 5

 
MIDHURST RUSSELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025

4.


Investment property


Freehold investment property

£



Valuation


At 6 April 2024
500,000



At 5 April 2025
500,000

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




Page 6

 
MIDHURST RUSSELL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025

5.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
17,541
17,037

17,541
17,037



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other creditors
8,634
7,959

Accruals and deferred income
19,730
19,730

28,364
27,689



7.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
(13,172)
(13,343)

(13,172)
(13,343)

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

2025
2024
£
£


Falling due within one year
13,172
13,343

13,172
13,343

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

 
Page 7