Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false2024-04-01No description of principal activityfalse66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC428053 2024-04-01 2025-03-31 OC428053 2023-04-01 2024-03-31 OC428053 2025-03-31 OC428053 2024-03-31 OC428053 c:FreeholdInvestmentProperty 2024-04-01 2025-03-31 OC428053 c:FreeholdInvestmentProperty 2025-03-31 OC428053 c:CurrentFinancialInstruments 2025-03-31 OC428053 c:CurrentFinancialInstruments 2024-03-31 OC428053 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC428053 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC428053 d:FRS102 2024-04-01 2025-03-31 OC428053 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC428053 d:FullAccounts 2024-04-01 2025-03-31 OC428053 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC428053 2 2024-04-01 2025-03-31 OC428053 d:PartnerLLP2 2024-04-01 2025-03-31 OC428053 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC428053 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC428053 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC428053 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC428053 e:PoundSterling 2024-04-01 2025-03-31 OC428053 c:FreeholdInvestmentProperty c:PreviouslyStatedAmount 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC428053









LANGTON ROAD LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
LANGTON ROAD LLP
REGISTERED NUMBER: OC428053

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
4,038,631
4,028,631

  
4,038,631
4,028,631

Current assets
  

Debtors: amounts falling due within one year
 5 
38,702
20,678

Cash at bank and in hand
 6 
6,469
10,296

  
45,171
30,974

Creditors: Amounts Falling Due Within One Year
 7 
(25,210)
(4,500)

Net current assets
  
 
 
19,961
 
 
26,474

Total assets less current liabilities
  
4,058,592
4,055,105

  

Net assets
  
4,058,592
4,055,105


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
(249,151)
(156,176)

  
(249,151)
(156,176)

Members' other interests
  

Members' capital classified as equity
  
4,307,743
4,211,281

  
 
4,307,743
 
4,211,281

  
4,058,592
4,055,105


Total members' interests
  

Loans and other debts due to members
 8 
(249,151)
(156,176)

Members' other interests
  
4,307,743
4,211,281

  
4,058,592
4,055,105


Page 1

 
LANGTON ROAD LLP
REGISTERED NUMBER: OC428053
    
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 by: 




M Burns
Designated member

Date: 19 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Langton Road 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

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Langton Road LLP is a limited liability partnership incorporated in England and Wales, with registration number OC428053. The LLP's registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH. The LLP's functional and presentational currency is GBP.

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 LLP is dependent on the support of the members to continue as a going concern, and the members intend to provide this support for a period of not less than 12 months from the date of approval of the financial statements. As a result, the members consider it appropriate to prepare the financial statements on a going concern basis.

 
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.

 
2.4

Interest income

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

Page 3

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
LANGTON ROAD LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

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


        2025
        2024
            No.
            No.







LLP Designated Members
6
6


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
4,028,631


Additions at cost
10,000



At 31 March 2025
4,038,631

The 2025 valuations were made by the members, on an open market value for existing use basis.



At 31 March 2025



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




5.


Debtors

2025
2024
£
£


Other debtors
23,818
6,513

Prepayments and accrued income
14,883
14,164

38,701
20,677


Page 5

 
LANGTON ROAD 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
6,469
10,296

6,469
10,296



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
20,386
-

Other taxation and social security
324
-

Accruals and deferred income
4,500
4,500

25,210
4,500



8.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
249,151
156,176

249,151
156,176

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

2025
2024
£
£



Falling due within one year
249,151
156,176

249,151
156,176

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

 
Page 6