Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false legal services 2024-06-01 56 50 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC358286 2025-03-31 OC358286 2024-06-01 2025-03-31 OC358286 2023-06-01 2024-05-31 OC358286 2024-05-31 OC358286 c:Buildings c:LongLeaseholdAssets 2024-06-01 2025-03-31 OC358286 c:Buildings c:LongLeaseholdAssets 2025-03-31 OC358286 c:Buildings c:LongLeaseholdAssets 2024-05-31 OC358286 c:FurnitureFittings 2024-06-01 2025-03-31 OC358286 c:FurnitureFittings 2025-03-31 OC358286 c:FurnitureFittings 2024-05-31 OC358286 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-06-01 2025-03-31 OC358286 c:OfficeEquipment 2024-06-01 2025-03-31 OC358286 c:OfficeEquipment 2025-03-31 OC358286 c:OfficeEquipment 2024-05-31 OC358286 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-06-01 2025-03-31 OC358286 c:ComputerEquipment 2024-06-01 2025-03-31 OC358286 c:OtherPropertyPlantEquipment 2024-06-01 2025-03-31 OC358286 c:OtherPropertyPlantEquipment 2025-03-31 OC358286 c:OtherPropertyPlantEquipment 2024-05-31 OC358286 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-06-01 2025-03-31 OC358286 c:OwnedOrFreeholdAssets 2024-06-01 2025-03-31 OC358286 c:Goodwill 2025-03-31 OC358286 c:Goodwill 2024-05-31 OC358286 c:CurrentFinancialInstruments 2025-03-31 OC358286 c:CurrentFinancialInstruments 2024-05-31 OC358286 c:CurrentFinancialInstruments 2 2025-03-31 OC358286 c:CurrentFinancialInstruments 2 2024-05-31 OC358286 c:Non-currentFinancialInstruments 2025-03-31 OC358286 c:Non-currentFinancialInstruments 2024-05-31 OC358286 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC358286 c:CurrentFinancialInstruments c:WithinOneYear 2024-05-31 OC358286 e:FRS102 2024-06-01 2025-03-31 OC358286 e:AuditExemptWithAccountantsReport 2024-06-01 2025-03-31 OC358286 e:FullAccounts 2024-06-01 2025-03-31 OC358286 e:LimitedLiabilityPartnershipLLP 2024-06-01 2025-03-31 OC358286 e:PartnerLLP2 2024-06-01 2025-03-31 OC358286 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC358286 c:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31 OC358286 f:PoundSterling 2024-06-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC358286 STREATHERS HIGHGATE LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE 10 MONTHS ENDED 31 MARCH 2025
STREATHERS HIGHGATE LLP REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STREATHERS HIGHGATE LLP FOR THE 10 MONTHS ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Streathers Highgate LLP for the 10 months ended 31 March 2025 which comprise the Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html. It is your duty to ensure that Streathers Highgate LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Streathers Highgate LLP. You consider that Streathers Highgate LLP is exempt from the statutory audit requirement for the 10 months. We have not been instructed to carry out an audit or review of the financial statements of Streathers Highgate LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Gilchrists AB LLP Grove House 2 Woodberry Grove London N12 0DR 11 September 2025 Page 1
STREATHERS HIGHGATE LLP REGISTERED NUMBER: OC358286 BALANCE SHEET AS AT 31 MARCH 2025
|  | 31 March |  | 31 May
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,036,856 |  | 973,979
|  |  | 1,036,856 |  | 973,979
Current assets |  |  |  |  |
Stocks | 6 | 296,432 |  | 302,150 |
Debtors: amounts falling due after more than one year | 7 | 11,305 |  | - |
Debtors: amounts falling due within one year | 7 | 2,729,812 |  | 1,760,578 |
Cash at bank and in hand | 8 | 673,681 |  | 539,648 |
|  | 3,711,230 |  | 2,602,376 |
Creditors: Amounts Falling Due Within One Year | 9 | (1,574,667) |  | (1,303,685) |
Net current assets |  |  | 2,136,563 |  | 1,298,691
Total assets less current liabilities |  |  | 3,173,419 |  | 2,272,670
Net assets |  |  | 3,173,419 |  | 2,272,670
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 10 |  | 3,173,419 |  | 2,272,670
|  |  | 3,173,419 |  | 2,272,670
|  |  | 3,173,419 |  | 2,272,670
Total members' interests |  |  |  |  |
Amounts due from members (included in debtors) | 7 |  | (239,265) |  | -
Loans and other debts due to members | 10 |  | 3,173,419 |  | 2,272,670
|  |  | 2,934,154 |  | 2,272,670
Page 2
STREATHERS HIGHGATE LLP REGISTERED NUMBER: OC358286 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 11 September 2025.
___________________________ C M Daynes
Designated member
The notes on pages 5 to 11 form part of these financial statements. Streathers Highgate 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 3

|  | STREATHERS HIGHGATE LLP |
RECONCILIATION OF MEMBERS' INTERESTS FOR THE 10 MONTHS ENDED 31 MARCH 2025
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Other reserves | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £
Profit for the 10 months available for discretionary division among members | 2,186,714 | 2,186,714 | - | - | 2,186,714
Members' interests after profit for the 10 months | 2,186,714 | 2,186,714 | 1,936,996 | 1,936,996 | 4,123,710
Other division of profits | (2,186,714) | (2,186,714) | 2,186,714 | 2,186,714 | -
Drawings on account and distribution of profit | - | - | (1,955,253) | (1,955,253) | (1,955,253)
Amounts due to members |  |  | 2,272,670 | 2,272,670 |
Amounts due from members |  |  | (104,214) | (104,214) |
Balance at 31 May 2024 | - | - | 2,272,670 | 2,272,670 | 2,272,670
Profit for the 10 months available for discretionary division among members | 3,306,482 | 3,306,482 | - | - | 3,306,482
Members' interests after profit for the 10 months | 3,306,482 | 3,306,482 | 2,272,670 | 2,272,670 | 5,579,152
Other division of profits | (3,306,482) | (3,306,482) | 3,306,482 | 3,306,482 | -
Drawings on account and distribution of profit | - | - | (2,644,998) | (2,644,998) | (2,644,998)
Amounts due to members |  |  | 3,173,419 | 3,173,419 |
Amounts due from members |  |  | (239,265) | (239,265) |
Balance at 31 March 2025 | - | - | 2,934,154 | 2,934,154 | 2,934,154
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 4

STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS ENDED 31 MARCH 2025
1. | General information
The principal activity of the LLP in the period under review was that of solicitors providing legal services. 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.
| 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 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the 10 months in which they are incurred.
| 2.5 | 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 Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds. Page 5
STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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 Balance Sheet, pending a discretionary decision to divide the profits.
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Leasehold property improvements | - |  | 50 year straight line basis
|  |  |  | Fixtures and fittings | - | 20% |
|  |  |  | Office equipment | - | 20% |
|  |  |  | Computer equipment | - | 20% |
|  |  |  | Other fixed assets | - | 20% |
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 6
STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS 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 | Work in progress
Provisions for work in progress is valued at the recoverable value of recorded service completion at the year end, recognising associated revenue in line with FRS102 section 23.
| 2.11 | 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.
| 2.12 | 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 7
STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS ENDED 31 MARCH 2025
3. | Employees
| The average monthly number of employees, including directors, during the 10 months was 56 (2024 - 50).
4. | Tangible fixed assets
|  | Leasehold property improvements | Fixtures and fittings | Office equipment | Other fixed assets | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 June 2024 | 806,769 | 185,810 | 328,725 | 7,720 | 1,329,024
| Additions | 70,455 | 15,546 | 35,431 | - | 121,432
| At 31 March 2025 | 877,224 | 201,356 | 364,156 | 7,720 | 1,450,456
| Depreciation |  |  |  |  |
| At 1 June 2024 | 45,430 | 126,296 | 176,609 | 6,709 | 355,044
| Charge for the period | 14,620 | 12,509 | 31,258 | 169 | 58,556
| At 31 March 2025 | 60,050 | 138,805 | 207,867 | 6,878 | 413,600
| Net book value |  |  |  |  |
| At 31 March 2025 | 817,174 | 62,551 | 156,289 | 842 | 1,036,856
| At 31 May 2024 | 761,338 | 59,514 | 152,115 | 1,012 | 973,979
Page 8
STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS ENDED 31 MARCH 2025
5. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 June 2024 | 100,000
| At 31 March 2025 | 100,000
| Amortisation |
| At 1 June 2024 | 100,000
| At 31 March 2025 | 100,000
| Net book value |
| At 31 March 2025 | -
| At 31 May 2024 | -
6. | Work in progress
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Work in progress | 296,432 | 302,150
|  | 296,432 | 302,150
7. | Debtors
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 11,305 | -
|  | 11,305 | -
Page 9
STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS ENDED 31 MARCH 2025 7.Debtors (continued)
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 1,925,810 | 1,373,917
| Other debtors | 112,684 | 39,751
| Prepayments and accrued income | 452,053 | 242,696
| Amounts due from members | 239,265 | 104,214
|  | 2,729,812 | 1,760,578
8. | Cash and cash equivalents
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 673,681 | 539,648
|  | 673,681 | 539,648
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 277,464 | 132,373
| Trade creditors | 305,698 | 178,919
| Other taxation and social security | 437,885 | 446,052
| Other creditors | 11,983 | 9,064
| Accruals and deferred income | 541,637 | 537,277
|  | 1,574,667 | 1,303,685
Page 10
STREATHERS HIGHGATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS ENDED 31 MARCH 2025
10. | Loans and other debts due to members
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 3,173,419 | 2,272,670
|  | 3,173,419 | 2,272,670
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 2,405,733 | 1,916,980
| Falling due after more than one year | 767,686 | 355,690
|  | 3,173,419 | 2,272,670
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
11. | Client money held in trust
As at the balance sheet date £42,223,910 (2024 - £29,380,096) was held by the LLP on behalf of clients.
Page 11