Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false2024-04-01falseNo description of principal activity00truetrue OC383147 2024-04-01 2025-03-31 OC383147 2023-04-01 2024-03-31 OC383147 2025-03-31 OC383147 2024-03-31 OC383147 c:CurrentFinancialInstruments 2025-03-31 OC383147 c:CurrentFinancialInstruments 2024-03-31 OC383147 c:Non-currentFinancialInstruments 2025-03-31 OC383147 c:Non-currentFinancialInstruments 2024-03-31 OC383147 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC383147 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC383147 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC383147 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC383147 d:FRS102 2024-04-01 2025-03-31 OC383147 d:Audited 2024-04-01 2025-03-31 OC383147 d:FullAccounts 2024-04-01 2025-03-31 OC383147 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC383147 d:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC383147 2 2024-04-01 2025-03-31 OC383147 6 2024-04-01 2025-03-31 OC383147 d:PartnerLLP1 2024-04-01 2025-03-31 OC383147 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC383147 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC383147 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC383147 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC383147 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC383147









GENEVA CAPITAL PARTNERS LLP









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
GENEVA CAPITAL PARTNERS LLP
REGISTERED NUMBER: OC383147

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
5,225,519
4,414,687

  
5,225,519
4,414,687

Current assets
  

Debtors: amounts falling due after more than one year
 5 
19,960
-

Debtors: amounts falling due within one year
 5 
151,251
-

Cash at bank and in hand
 6 
534,325
392,923

  
705,536
392,923

Creditors: Amounts Falling Due Within One Year
 7 
(1,673,193)
(1,461,586)

Net current liabilities
  
 
 
(967,657)
 
 
(1,068,663)

Total assets less current liabilities
  
4,257,862
3,346,024

Creditors: amounts falling due after more than one year
  
(612)
-

  
4,257,250
3,346,024

  

Net assets
  
4,257,250
3,346,024


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
2,872,090
2,872,090

Other reserves classified as equity
  
1,385,160
473,934

  
 
4,257,250
 
3,346,024

  
4,257,250
3,346,024


Total members' interests
  

Members' other interests
  
4,257,250
3,346,024

  
4,257,250
3,346,024


Page 1

 
GENEVA CAPITAL PARTNERS LLP
REGISTERED NUMBER: OC383147
    
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 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 24 July 2025.




Steven Behr
Designated member

The notes on pages 3 to 8 form part of these financial statements.

Geneva Capital 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

 
GENEVA CAPITAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Geneva Capital Partners LLP is a limited liability partnership, incorporated in England & Wales
(registered number OC383147). Its registered office is 101 New Cavendish Street, London, W1W 6XH, its principal place of business is Chestnut, Wills Grove, Mill Hill, London, NW7 1QL.

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

.The financial statements have been prepared on a going concern basis, which assumes that the LLP will continue to operate for the foreseeable future. At the reporting date, the LLP's current liabilities exceed the current assets by £967,658 (2024: £1,068,663). The total assets exceed the total liabilities in both years.
Based on the current knowledge of the business, the nature and timing of its obligations and the LLP's net position, the members believe that the LLP holds sufficient realisable assets to manage its short term obligations and there are no material liabilities due in the foreseeable future that cannot be met.
As a result, the members consider it appropriate to prepare the financial statements on a going concern basis

 
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 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 3

 
GENEVA CAPITAL PARTNERS 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 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.

 
2.5

Interest income

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

 
2.6

Borrowing costs

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

 
2.7

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

 
GENEVA CAPITAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

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.

 
2.11

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 (2024 - 0).

Page 5

 
GENEVA CAPITAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2024
4,414,687


Revaluations
810,832



At 31 March 2025
5,225,519




The LLP holds investments in a fund measured at fair value of the underlying assets. The fair value is determined based on the net asset value (NAV) provided by the fund manager, which represents a readily available and reliable market valuation.
 
The investment is classified as a financial asset measured at fair value through other comprehensive income (OCI), in accordance with the company’s accounting policy and as permitted under FRS 102 Section 12.
 
During the year, a fair value gain of £810,832 was recognised in comprehensive income.


5.


Debtors

2025
2024
£
£

Due after more than one year

Prepayments and accrued income
19,960
-

19,960
-


2025
2024
£
£

Due within one year

Other debtors
151,250
-

151,250
-


Page 6

 
GENEVA CAPITAL PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
534,325
392,923

534,325
392,923



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other loans
1,658,193
1,446,586

Accruals and deferred income
15,000
15,000

1,673,193
1,461,586



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
611
-

611
-


Page 7

 
GENEVA CAPITAL PARTNERS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025





EQUITY
Members' other interests
Members' capital (classified as equity)
Other reserves
Total

£
£
£

Profit for the year available for discretionary division among members
 
-
74,105
74,105

Members' interests after profit for the year
2,872,090
473,935
3,346,025

Balance at 31 March 2024
2,872,090
473,934
3,346,024

Profit for the year available for discretionary division among members
 
-
911,226
911,226

Members' interests after profit for the year
2,872,090
1,385,160
4,257,250

Balance at 31 March 2025 
2,872,090
1,385,160
4,257,250

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.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 24 July 2025 by Hugh Lask (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8