Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseNo description of principal activity1818truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC380131 2024-04-01 2025-03-31 OC380131 2023-04-01 2024-03-31 OC380131 2025-03-31 OC380131 2024-03-31 OC380131 c:Buildings c:ShortLeaseholdAssets 2024-04-01 2025-03-31 OC380131 c:Buildings c:ShortLeaseholdAssets 2025-03-31 OC380131 c:Buildings c:ShortLeaseholdAssets 2024-03-31 OC380131 c:PlantMachinery 2024-04-01 2025-03-31 OC380131 c:PlantMachinery 2025-03-31 OC380131 c:PlantMachinery 2024-03-31 OC380131 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC380131 c:FurnitureFittings 2024-04-01 2025-03-31 OC380131 c:FurnitureFittings 2025-03-31 OC380131 c:FurnitureFittings 2024-03-31 OC380131 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC380131 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC380131 c:CurrentFinancialInstruments 2025-03-31 OC380131 c:CurrentFinancialInstruments 2024-03-31 OC380131 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC380131 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC380131 d:FRS102 2024-04-01 2025-03-31 OC380131 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC380131 d:FullAccounts 2024-04-01 2025-03-31 OC380131 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC380131 c:WithinOneYear 2025-03-31 OC380131 c:WithinOneYear 2024-03-31 OC380131 2 2024-04-01 2025-03-31 OC380131 d:PartnerLLP1 2024-04-01 2025-03-31 OC380131 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure


Registered number: OC380131












HUMPHRIES KERSTETTER LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


 
REGISTERED NUMBER:OC380131
HUMPHRIES KERSTETTER LLP

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
94,211
109,150

  
94,211
109,150

Current assets
  

Debtors: amounts falling due within one year
 5 
1,011,446
1,598,807

Cash at bank and in hand
  
1,401,462
1,842,813

  
2,412,908
3,441,620

Creditors: Amounts Falling Due Within One Year
 6 
(429,448)
(229,418)

Net current assets
  
 
 
1,983,460
 
 
3,212,202

Total assets less current liabilities
  
2,077,671
3,321,352

  

Net assets
  
2,077,671
3,321,352


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
2,077,671
3,321,352

  
2,077,671
3,321,352


Total members' interests
  

Loans and other debts due to members
  
2,077,671
3,321,352

  
2,077,671
3,321,352


Page 1


 
REGISTERED NUMBER:OC380131
HUMPHRIES KERSTETTER LLP
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 1 August 2025.





T Starr
Designated member

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

Humphries Kerstetter 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

 

HUMPHRIES KERSTETTER LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Humphries Kerstetter LLP is a limited liability partnership, incorporated and registered in England.  The address of its registered office and its principal place of business is St Bartholomew House, 92 Fleet Street, London, EC4Y 1PB.  
The financial statements are presented in Sterling (£).

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 enquiries, 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

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.

Foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Page 3

 

HUMPHRIES KERSTETTER LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

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 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.

 
2.5

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.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

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.

 
2.8

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.

Page 4

 

HUMPHRIES KERSTETTER LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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 .

 
2.10

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.

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 and on reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Straight line
Plant and machinery
-
20%
Reducing balance
Fixtures and fittings
-
25%
Straight line

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

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.


3.


Employees

The average monthly number of employees during the year was 18 (2024 - 18).

Page 5

 

HUMPHRIES KERSTETTER LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 April 2024
156,653
109,003
51,615
317,271


Additions
-
15,826
206
16,032



At 31 March 2025

156,653
124,829
51,821
333,303



Depreciation


At 1 April 2024
98,376
64,010
45,735
208,121


Charge for the year 
15,665
12,955
2,351
30,971



At 31 March 2025

114,041
76,965
48,086
239,092



Net book value



At 31 March 2025
42,612
47,864
3,735
94,211



At 31 March 2024
58,277
44,993
5,880
109,150


5.


Debtors

2025
2024
£
£


Trade debtors
907,275
972,104

Other debtors
20,459
156,651

Prepayments and accrued income
83,712
470,052

1,011,446
1,598,807



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other creditors
420,198
3,501

Accruals and deferred income
9,250
225,917

429,448
229,418


Page 6

 

HUMPHRIES KERSTETTER LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Commitments under operating leases

At 31 March 2025 the LLP had total future minimum lease payments due under non-cancellable operating leases as follows:

2025
2024
£
£


Total commitment
584,800
701,760

584,800
701,760

 
Page 7