Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-04-01falsefalsebuilding services00true OC312391 2023-04-01 2024-03-31 OC312391 2022-04-01 2023-03-31 OC312391 2024-03-31 OC312391 2023-03-31 OC312391 c:PlantMachinery 2023-04-01 2024-03-31 OC312391 c:PlantMachinery 2024-03-31 OC312391 c:PlantMachinery 2023-03-31 OC312391 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC312391 c:MotorVehicles 2023-04-01 2024-03-31 OC312391 c:MotorVehicles 2024-03-31 OC312391 c:MotorVehicles 2023-03-31 OC312391 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC312391 c:FurnitureFittings 2023-04-01 2024-03-31 OC312391 c:FurnitureFittings 2024-03-31 OC312391 c:FurnitureFittings 2023-03-31 OC312391 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC312391 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC312391 c:Goodwill 2024-03-31 OC312391 c:Goodwill 2023-03-31 OC312391 c:CurrentFinancialInstruments 2024-03-31 OC312391 c:CurrentFinancialInstruments 2023-03-31 OC312391 c:Non-currentFinancialInstruments 2024-03-31 OC312391 c:Non-currentFinancialInstruments 2023-03-31 OC312391 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC312391 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC312391 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC312391 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC312391 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC312391 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC312391 d:FRS102 2023-04-01 2024-03-31 OC312391 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC312391 d:FullAccounts 2023-04-01 2024-03-31 OC312391 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC312391 2 2023-04-01 2024-03-31 OC312391 d:PartnerLLP1 2023-04-01 2024-03-31 OC312391 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC312391 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC312391 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC312391









TEST VALLEY BUILDING LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
TEST VALLEY BUILDING LLP
REGISTERED NUMBER: OC312391

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
6,668
8,637

  
6,668
8,637

Current assets
  

Debtors: amounts falling due within one year
 6 
265,994
886,332

  
265,994
886,332

Creditors: Amounts Falling Due Within One Year
 7 
(21,480)
(614,911)

Net current assets
  
 
 
244,514
 
 
271,421

Total assets less current liabilities
  
251,182
280,058

Creditors: amounts falling due after more than one year
 8 
(23,419)
(26,089)

  
227,763
253,969

  

Net assets
  
227,763
253,969


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Statement of Financial Position
  
227,763
253,969

  
227,763
253,969


Total members' interests
  

Members' other interests
  
227,763
253,970

  
227,763
253,970


Page 1

 
TEST VALLEY BUILDING LLP
REGISTERED NUMBER: OC312391
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 on 21 July 2025.





................................................
Steven Andrew Brett
Designated member

The notes on pages 3 to 9 form part of these financial statements.

Test Valley Building 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

 
TEST VALLEY BUILDING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Test Valley Building LLP is a limited liability partnership incorporated in England and Wales. The principal object of the LLP is to provide building services.

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

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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 3

 
TEST VALLEY BUILDING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

Borrowing costs

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

 
2.8

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. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense inthe Statement of comprehensive income. 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.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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.

Page 4

 
TEST VALLEY BUILDING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% 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.

 
2.11

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.

 
2.12

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

 
TEST VALLEY BUILDING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
30,000



At 31 March 2024

30,000



Amortisation


At 1 April 2023
30,000



At 31 March 2024

30,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 6

 
TEST VALLEY BUILDING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
8,721
38,920
14,985
62,626



At 31 March 2024

8,721
38,920
14,985
62,626



Depreciation


At 1 April 2023
7,918
34,078
11,993
53,989


Charge for the year on owned assets
161
1,210
598
1,969



At 31 March 2024

8,079
35,288
12,591
55,958



Net book value



At 31 March 2024
642
3,632
2,394
6,668



At 31 March 2023
803
4,842
2,992
8,637

Page 7

 
TEST VALLEY BUILDING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
10,038
347,023

Amounts owed by group undertakings
192,139
87,100

Other debtors
13,817
152,209

Amounts recoverable on long term contracts
50,000
300,000

265,994
886,332



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,277
817

Bank loans
11,040
11,040

Payments received on account
2,393
144,794

Trade creditors
-
436,427

Other creditors
-
19,913

Accruals and deferred income
4,770
1,920

21,480
614,911


The bank overdraft and bank loan are secured.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
23,419
26,089

23,419
26,089


The bank loan is secured.

Page 8

 
TEST VALLEY BUILDING 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 within one year

Bank loans
11,040
11,040


Amounts falling due 2-5 years

Bank loans
23,419
26,089


34,459
37,129


 
Page 9