Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsefalse2024-04-01No description of principal activity810true OC422938 2024-04-01 2025-03-31 OC422938 2023-05-01 2024-03-31 OC422938 2025-03-31 OC422938 2024-03-31 OC422938 c:MotorVehicles 2024-04-01 2025-03-31 OC422938 c:MotorVehicles 2025-03-31 OC422938 c:MotorVehicles 2024-03-31 OC422938 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC422938 c:FurnitureFittings 2024-04-01 2025-03-31 OC422938 c:FurnitureFittings 2025-03-31 OC422938 c:FurnitureFittings 2024-03-31 OC422938 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC422938 c:ComputerEquipment 2024-04-01 2025-03-31 OC422938 c:ComputerEquipment 2025-03-31 OC422938 c:ComputerEquipment 2024-03-31 OC422938 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC422938 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC422938 c:CurrentFinancialInstruments 2025-03-31 OC422938 c:CurrentFinancialInstruments 2024-03-31 OC422938 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC422938 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC422938 d:FRS102 2024-04-01 2025-03-31 OC422938 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC422938 d:FullAccounts 2024-04-01 2025-03-31 OC422938 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC422938 2 2024-04-01 2025-03-31 OC422938 d:PartnerLLP1 2024-04-01 2025-03-31 OC422938 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC422938 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC422938 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC422938










POTTER OWTRAM AND PECK LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
POTTER OWTRAM AND PECK LLP
REGISTERED NUMBER: OC422938

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
  
5,480
2,759

  
5,480
2,759

Current assets
  

Debtors: amounts falling due within one year
 4 
217,140
248,666

Cash at bank and in hand
  
53,338
63,301

  
270,478
311,967

Creditors: Amounts Falling Due Within One Year
 5 
(203,644)
(225,851)

Net current assets
  
 
 
66,834
 
 
86,116

Total assets less current liabilities
  
72,314
88,875

  

Net assets
  
72,314
88,875


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
72,314
88,875

  
72,314
88,875

  

  
72,314
88,875


Total members' interests
  

Loans and other debts due to members
 6 
72,314
88,875

  
72,314
88,875


Page 1

 
POTTER OWTRAM AND PECK LLP
REGISTERED NUMBER: OC422938
    
STATEMENT OF FINANCIAL POSITION (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 income statement 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: 






S C Loveless
Designated member

Date: 30 July 2025

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

Potter Owtram and Peck 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

 
POTTER OWTRAM AND PECK LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Potter Owtram and Peck LLP, is a Limited Liability Partnership incorporated in England and Wales. The registered office is 42 West Street, Haslemere, GU27 2AN.

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 financial statements are prepared in GBP and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
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

Interest income

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

 
2.4

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
POTTER OWTRAM AND PECK LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
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 .

 
2.8

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.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line
Fixtures and fittings
-
10%
straight line
Computer equipment
-
33%
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.

Page 4

 
POTTER OWTRAM AND PECK LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
25,045
2,320
16,017
43,382


Additions
-
3,405
880
4,285



At 31 March 2025

25,045
5,725
16,897
47,667



Depreciation


At 1 April 2024
24,628
544
15,452
40,624


Charge for the period on owned assets
417
559
587
1,563



At 31 March 2025

25,045
1,103
16,039
42,187



Net book value



At 31 March 2025
-
4,622
858
5,480



At 31 March 2024
417
1,776
565
2,758

Page 5

 
POTTER OWTRAM AND PECK LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


Debtors

2025
2024
£
£


Trade debtors
68,454
100,431

Accrued income
85,485
75,448

Prepayments and accrued income
63,202
72,787

217,141
248,666



5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
-
397

Other loans
56,054
75,787

Trade creditors
2,268
-

Other taxation and social security
10,599
19,647

Accruals and deferred income
134,723
130,020

203,644
225,851


National Westminster Bank PLC holds a fixed and floating charge over all the property and undertakings of the company.

Page 6

 
POTTER OWTRAM AND PECK LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

6.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
72,314
88,875

72,314
88,875

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

2025
2024
£
£



Falling due after more than one year
72,314
88,875

72,314
88,875

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


7.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £4,490 (2024 - £5,547). No contributions were payable to the fund at the reporting date were £nil (2024 - £nil).

 
Page 7