Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 2024-04-01 false No description of principal activity 0 0 true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC417585 2024-04-01 2025-03-31 OC417585 2023-04-01 2024-03-31 OC417585 2025-03-31 OC417585 2024-03-31 OC417585 c:FurnitureFittings 2024-04-01 2025-03-31 OC417585 c:FurnitureFittings 2025-03-31 OC417585 c:FurnitureFittings 2024-03-31 OC417585 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC417585 c:CurrentFinancialInstruments 2025-03-31 OC417585 c:CurrentFinancialInstruments 2024-03-31 OC417585 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC417585 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC417585 d:FRS102 2024-04-01 2025-03-31 OC417585 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC417585 d:FullAccounts 2024-04-01 2025-03-31 OC417585 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC417585 d:PartnerLLP2 2024-04-01 2025-03-31 OC417585 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC417585 YELLOW STEP LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
YELLOW STEP LLP REGISTERED NUMBER: OC417585 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 3 |  | 45,125 |  | 56,406
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 70,183 |  | 854,852 |
Cash at bank and in hand | 5 | 827,679 |  | 2,928,578 |
|  | 897,862 |  | 3,783,430 |
Creditors: Amounts Falling Due Within One Year | 6 | (194,864) |  | (354,405) |
Net current assets |  |  | 702,998 |  | 3,429,025
Total assets less current liabilities |  |  | 748,123 |  | 3,485,431
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 7 |  | 748,123 |  | 3,485,431
Total members' interests |  |  |  |  |
Loans and other debts due to members | 7 |  | 748,123 |  | 3,485,431
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YELLOW STEP LLP REGISTERED NUMBER: OC417585 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 on 15 August 2025.
M Woodward
Designated member
The notes on pages 3 to 7 form part of these financial statements. Yellow Step 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
YELLOW STEP LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Yellow Step LLP is a limited liability partnership which was incorporated in the United Kingdom and is registered in England and Wales. The LLP’s registered office is 101 New Cavendish Street, 1st Floor South, London W1W 6XH. 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 | 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 3
YELLOW STEP LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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. 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:
|  |  |  | Equipment | - | 20% | Reducing balance basis
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 | 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. Page 4
YELLOW STEP LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Tangible fixed assets
|  | Equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 105,698
| At 31 March 2025 | 105,698
| Depreciation |
| At 1 April 2024 | 49,292
| Charge for the year on owned assets | 11,281
| At 31 March 2025 | 60,573
| Net book value |
| At 31 March 2025 | 45,125
| At 31 March 2024 | 56,406
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YELLOW STEP LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 70,000 | 854,852
| Other debtors | 183 | -
|  | 70,183 | 854,852
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 827,679 | 2,928,578
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 6,152 | 1,031
| Other taxation and social security | - | 271,304
| Other creditors | 182,212 | 72,213
| Accruals and deferred income | 6,500 | 9,857
|  | 194,864 | 354,405
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YELLOW STEP LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 748,123 | 3,485,431
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 748,123 | 3,485,431
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
| Rent amounting to £50,000 (2024 - Nil) was charged by Valley Music Limited, a company in which T Woodward and M Woodward are directors. Staff costs amounting £110,000 (2024 - £Nil) were charged by Orange Mile LLP, a limited liability partnership of which the members of Yellow Step LLP are members.
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