Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-31true3falsetrue2024-01-01No description of principal activity3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC413588 2024-01-01 2025-03-31 OC413588 2023-01-01 2023-12-31 OC413588 2025-03-31 OC413588 2023-12-31 OC413588 c:CurrentFinancialInstruments 2025-03-31 OC413588 c:CurrentFinancialInstruments 2023-12-31 OC413588 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC413588 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC413588 d:FRS102 2024-01-01 2025-03-31 OC413588 d:AuditExempt-NoAccountantsReport 2024-01-01 2025-03-31 OC413588 d:FullAccounts 2024-01-01 2025-03-31 OC413588 d:LimitedLiabilityPartnershipLLP 2024-01-01 2025-03-31 OC413588 d:PartnerLLP2 2024-01-01 2025-03-31 OC413588 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC413588 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC413588 e:PoundSterling 2024-01-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC413588









CLASSIFICATION LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
CLASSIFICATION LLP
REGISTERED NUMBER: OC413588

BALANCE SHEET
AS AT 31 MARCH 2025

31 March
31 December
2025
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
741,607
2,268,625

Cash at bank and in hand
 5 
304,747
847,510

  
1,046,354
3,116,135

Creditors: Amounts Falling Due Within One Year
 6 
(733,163)
(1,986,948)

Net current assets
  
 
 
313,191
 
 
1,129,187

Total assets less current liabilities
  
313,191
1,129,187

  

Net assets
  
313,191
1,129,187


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
313,191
1,129,187

  
313,191
1,129,187

  

  
313,191
1,129,187


Total members' interests
  

Loans and other debts due to members
 7 
313,191
1,129,187

  
313,191
1,129,187


Page 1

 
CLASSIFICATION LLP
REGISTERED NUMBER: OC413588
    
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 profit and loss account 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: 






Anglo Management Music Ltd
Designated member

Date: 13 August 2025

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

Classification 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

 
CLASSIFICATION LLP
 

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






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

£
£
£
£
£

Profit for the period available for discretionary division among members
 
1,213,679
1,213,679
-
-
1,213,679

Members' interests after profit for the period
1,213,679
1,213,679
499,840
499,840
1,713,519

Other division of profits
(1,213,679)
(1,213,679)
1,213,679
1,213,679
-

Drawings on account and distribution of profit
-
-
(584,332)
(584,332)
(584,332)

Amounts due to members
1,129,187
1,129,187

Balance at 31 December 2023
-
-
1,129,187
1,129,187
1,129,187

Profit for the period available for discretionary division among members
 
387,840
387,840
-
-
387,840

Members' interests after profit for the period
387,840
387,840
1,129,187
1,129,187
1,517,027

Other division of profits
(387,840)
(387,840)
387,840
387,840
-

Drawings on account and distribution of profit
-
-
(1,203,836)
(1,203,836)
(1,203,836)

Amounts due to members
313,191
313,191

Balance at 31 March 2025 
-
-
313,191
313,191
313,191

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

 
CLASSIFICATION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Classification LLP is a limited liability partnership incorporated in England and Wales. The address of the entity's registered office is 50 Liverpool Street, London, EC2M 7PY.

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

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.

 
2.3

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.

Page 4

 
CLASSIFICATION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.7

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of persons (including members with contracts of employment) employed during the period was as follows:


     Period Ended
       31 March
       Year Ended
      31 December
        2025
        2023
            No.
            No.







Members
3
3

Page 5

 
CLASSIFICATION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


Debtors

31 March
31 December
2025
2023
£
£


Trade debtors
572,142
136,943

Other debtors
7,861
1,500

Prepayments and accrued income
161,604
2,130,182

741,607
2,268,625



5.


Cash and cash equivalents

31 March
31 December
2025
2023
£
£

Cash at bank and in hand
304,747
847,510

304,747
847,510



6.


Creditors: Amounts falling due within one year

31 March
31 December
2025
2023
£
£

Trade creditors
56,794
11,432

Other taxation and social security
62,126
227,801

Other creditors
73,373
30,836

Accruals and deferred income
540,870
1,716,879

733,163
1,986,948


Page 6

 
CLASSIFICATION LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

7.


Loans and other debts due to members


31 March
31 December
2025
2023
£
£



Other amounts due to members
313,191
1,129,187

313,191
1,129,187

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

31 March
31 December
2025
2023
£
£



Falling due within one year
313,191
1,129,187

313,191
1,129,187

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


8.


Related party transactions

Included in other debtors at the balance sheet date is an amount of £7,861 (2023: £1,500) due from an entity owned and controlled by the members of the LLP. The amount is in respect of expenses borne on behalf of that entity. This amount is unsecured, interest free and repayable on demand.

 
Page 7