Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2025-05-09 2025-05-12 false 2024-01-01 Holding LLP 0 0 false true false OC338416 2024-01-01 2024-12-31 OC338416 2023-01-01 2023-12-31 OC338416 2024-12-31 OC338416 2023-12-31 OC338416 c:CurrentFinancialInstruments 2024-12-31 OC338416 c:CurrentFinancialInstruments 2023-12-31 OC338416 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 OC338416 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC338416 d:FRS102 2024-01-01 2024-12-31 OC338416 d:Audited 2024-01-01 2024-12-31 OC338416 d:FullAccounts 2024-01-01 2024-12-31 OC338416 d:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC338416 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC338416 2 2024-01-01 2024-12-31 OC338416 d:PartnerLLP1 2024-01-01 2024-12-31 OC338416 d:PartnerLLP2 2024-01-01 2024-12-31 OC338416 d:PartnerLLP3 2024-01-01 2024-12-31 OC338416 d:PartnerLLP4 2024-01-01 2024-12-31 OC338416 d:PartnerLLP5 2024-01-01 2024-12-31 OC338416 c:FurtherSpecificReserve2ComponentTotalEquity 2024-12-31 OC338416 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC338416 c:FurtherSpecificReserve3ComponentTotalEquity 2024-12-31 OC338416 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC338416 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: OC338416 QUILAM CAPITAL INVESTMENTS LLP FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
QUILAM CAPITAL INVESTMENTS LLP INFORMATION
Designated Members Dedham Vale LLP
J C Constable
S Curtis
K J McSweeney
M D Sefton
LLP registered number OC338416
Registered office 4th Floor 24 Old Bond Street London W1S 4AW
Independent auditors BKL Audit LLP Chartered Accountants Statutory Auditor 35 Ballards Lane London N3 1XW
QUILAM CAPITAL INVESTMENTS LLP REGISTERED NUMBER: OC338416 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 970,197 |  | 694,997 |
Current asset investments | 5 | 83 |  | 458 |
Cash at bank and in hand |  | 814,940 |  | 971,418 |
|  | 1,785,220 |  | 1,666,873 |
Creditors: Amounts Falling Due Within One Year | 6 | (22,447) |  | (19,947) |
Net current assets |  |  | 1,762,773 |  | 1,646,926
Total assets less current liabilities |  |  | 1,762,773 |  | 1,646,926
Net assets |  |  | 1,762,773 |  | 1,646,926
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | 100 |  | 100
Other amounts | 7 |  | 1,762,673 |  | -
|  |  | 1,762,773 |  | 100
Members' other interests |  |  |  |  |
Other reserves classified as equity |  | - |  | 1,646,826 |
|  |  | - |  | 1,646,826
|  |  | 1,762,773 |  | 1,646,926
Total members' interests |  |  |  |  |
Loans and other debts due to members | 7 |  | 1,762,773 |  | 100
Members' other interests |  |  | - |  | 1,646,826
|  |  | 1,762,773 |  | 1,646,926
Page 1
QUILAM CAPITAL INVESTMENTS LLP REGISTERED NUMBER: OC338416 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. 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:
K J McSweeney
Designated member
Date: 9 May 2025
The notes on pages 3 to 7 form part of these financial statements. Quilam Capital Investments 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
QUILAM CAPITAL INVESTMENTS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Quilam Capital Investments LLP is a limited liability partnership incorporated in England and Wales. The LLP's registered number and registered office address can be found on the Information page. The principal activity of the LLP is that of holding investments. 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
At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus, the members adopt the going concern basis of accounting in preparing the financial statements, which the members believe is appropriate based on the facts set out below. The members, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the LLP will continue in operation for the foreseeable future.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable. Profits of the LLP which are not yet divided among the members are shown under 'Other reserves' on the Statement of financial position, pending a discretionary decision to divide the profits. In the event of the LLP making losses, the loss is recognised as a debit within equity under 'Other reserves'. Page 3
QUILAM CAPITAL INVESTMENTS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 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 | 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 and loans to related parties. (i) Financial assets Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Income Statement. (ii) Financial liabilities Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. (iii) Offsetting Financial assets and liabilities are offset and 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.
3. | Employees
| The entity has no employees.
Page 4
QUILAM CAPITAL INVESTMENTS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 970,197 | 694,997
|  | 970,197 | 694,997
5. | Current asset investments
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Shares in associates and group undertakings held for sale | 83 | 458
|  | 83 | 458
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other creditors | 19,347 | 17,067
| Accruals and deferred income | 3,100 | 2,880
|  | 22,447 | 19,947
Page 5
QUILAM CAPITAL INVESTMENTS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Loans and other debts due to members
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Members' capital treated as debt | 100 | 100
| Other amounts due to members | 1,762,673 | -
|  | 1,762,773 | 100
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Falling due within one year | 1,762,773 | 100
|  | 1,762,773 | 100
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
8. | Contingent assets
As part of the sale of the investment in the year there was deferred consideration of £287,500 contingent on certain metrics being met. Whilst the metrics are currently being met there is still uncertainty about the consideration being received and so no debtor has been included within these accounts. 9.Other financial commitments There are loans in other related companies which are secured over all assets of this LLP.
10. | Related party transactions
| Included within other debtors is a balance of £970,000 (2023: £330) due from a company in which the members have an interest. Interest of £103,119 (2023: £nil) has been received on this loan. Included within other creditors is a balance of £700 (2023: £700) due to the group entities. Included within other creditors is a balance of £18,647 (2023: £16,367) due to a company in which the directors have an interest.
Page 6
QUILAM CAPITAL INVESTMENTS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified. The audit report was signed on 12 May 2025 by Nick Bishop FCA (Senior statutory auditor) on behalf of BKL Audit LLP.
Page 7