Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC422331 2024-04-01 2025-03-31 OC422331 c:KeyManagementIndividualGroup1 2024-04-01 2025-03-31 OC422331 2023-05-01 2024-03-31 OC422331 2025-03-31 OC422331 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2025-03-31 OC422331 2024-03-31 OC422331 c:ComputerEquipment 2024-04-01 2025-03-31 OC422331 c:ComputerEquipment 2025-03-31 OC422331 c:ComputerEquipment 2024-03-31 OC422331 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC422331 c:CurrentFinancialInstruments 2025-03-31 OC422331 c:CurrentFinancialInstruments 2024-03-31 OC422331 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC422331 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC422331 d:FRS102 2024-04-01 2025-03-31 OC422331 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC422331 d:FullAccounts 2024-04-01 2025-03-31 OC422331 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC422331 c:WithinOneYear 2025-03-31 OC422331 c:WithinOneYear 2024-03-31 OC422331 c:BetweenOneFiveYears 2025-03-31 OC422331 c:BetweenOneFiveYears 2024-03-31 OC422331 d:PartnerLLP2 2024-04-01 2025-03-31 OC422331 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC422331










PREIM CONSULTANCY LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
PREIM CONSULTANCY LLP
REGISTERED NUMBER: OC422331

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,940
2,963

Current assets
  

Debtors: amounts falling due within one year
 5 
26,306
28,771

Cash at bank and in hand
  
7,225
4,937

  
33,531
33,708

Creditors: amounts falling due within one year
 6 
(13,262)
(58,983)

Net current assets/(liabilities)
  
 
 
20,269
 
 
(25,275)

Total assets less current liabilities
  
23,209
(22,312)

  

Net assets/(liabilities) attributable to members
  
23,209
(22,312)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
23,209
(22,312)

  

  
23,209
(22,312)


Total members' interests
  

Loans and other debts due to members
  
23,209
(22,312)

  
23,209
(22,312)


Page 1

 
PREIM CONSULTANCY LLP
REGISTERED NUMBER: OC422331
    
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: 




................................................
Mr A J New
Designated member

Date: 17 July 2025

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

Preim Consultancy 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

 
PREIM CONSULTANCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Preim Consultancy LLP ("the LLP") is an LLP incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the LLP information.
The functional and presentational currency of the LLP is pounds sterling (£) and rounded to the nearest whole pound.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

 
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

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.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
PREIM CONSULTANCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.3
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:

Computer equipment
-
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.

 
2.4

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 .

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
PREIM CONSULTANCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
PREIM CONSULTANCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).


4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 April 2024
3,318


Additions
570



At 31 March 2025

3,888



Depreciation


At 1 April 2024
355


Charge for the year on owned assets
593



At 31 March 2025

948



Net book value



At 31 March 2025
2,940



At 31 March 2024
2,963

Page 6

 
PREIM CONSULTANCY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
22,424
25,197

Other debtors
2,500
2,500

Prepayments and accrued income
1,382
1,074

26,306
28,771



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
810
260

Other taxation and social security
8,443
4,968

Other creditors
1,093
-

Accruals and deferred income
2,916
53,755

13,262
58,983



7.


Commitments under operating leases

At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
12,545
3,421

Later than 1 year and not later than 5 years
2,091
-

14,636
3,421


8.


Related party transactions

Included within other debtors is a balance due from Newco Property Limited totalling £2,500 (2024: £2,500), a company with a director and a shareholder in common with the LLP's member. This balance is interest free, unsecured and repayable on demand. 

 
Page 7