Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false true 2024-04-01 false No description of principal activity 2 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SO304948 2024-04-01 2025-03-31 SO304948 2023-04-01 2024-03-31 SO304948 2025-03-31 SO304948 2024-03-31 SO304948 c:Buildings 2024-04-01 2025-03-31 SO304948 c:Buildings 2025-03-31 SO304948 c:Buildings 2024-03-31 SO304948 c:OfficeEquipment 2024-04-01 2025-03-31 SO304948 c:OfficeEquipment 2025-03-31 SO304948 c:OfficeEquipment 2024-03-31 SO304948 c:CurrentFinancialInstruments 2025-03-31 SO304948 c:CurrentFinancialInstruments 2024-03-31 SO304948 c:Non-currentFinancialInstruments 2025-03-31 SO304948 c:Non-currentFinancialInstruments 2024-03-31 SO304948 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 SO304948 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 SO304948 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 SO304948 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 SO304948 d:FRS102 2024-04-01 2025-03-31 SO304948 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SO304948 d:FullAccounts 2024-04-01 2025-03-31 SO304948 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 SO304948 d:PartnerLLP1 2024-04-01 2025-03-31 SO304948 d:PartnerLLP2 2024-04-01 2025-03-31 SO304948 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 SO304948 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SO304948 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: SO304948 GRAHAM & SHERRET LLP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
GRAHAM & SHERRET LLP INFORMATION
Designated Members Mr J R W Sherret
Mr S J M Graham
LLP registered number SO304948
Registered office No 2 Ceres Road, Pitscottie, Cupar, KY15 5TD
Accountants EQ Accountants Limited, Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH
GRAHAM & SHERRET LLP REGISTERED NUMBER: SO304948 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 177,356 |  | -
|  |  | 177,356 |  | -
Current assets |  |  |  |  |
Stocks |  | - |  | 105,594 |
Debtors: amounts falling due within one year | 5 | 2,592 |  | 77,470 |
Cash at bank and in hand |  | 4,092 |  | 82,712 |
|  | 6,684 |  | 265,776 |
Creditors: Amounts Falling Due Within One Year | 6 | (91,712) |  | (162,952) |
Net current (liabilities)/assets |  |  | (85,028) |  | 102,824
Total assets less current liabilities |  |  | 92,328 |  | 102,824
Creditors: amounts falling due after more than one year | 7 |  | (59,336) |  | (98,123)
|  |  | 32,992 |  | 4,701
Net assets |  |  | 32,992 |  | 4,701
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | 32,992 |  | 4,701
|  |  | 32,992 |  | 4,701
|  |  | 32,992 |  | 4,701
Total members' interests |  |  |  |  |
Loans and other debts due (from)/to members |  |  | 32,992 |  | 4,701
|  |  | 32,992 |  | 4,701
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GRAHAM & SHERRET LLP REGISTERED NUMBER: SO304948 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 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:
Mr J R W Sherret
Designated member
Date: 3 October 2025
The notes on pages 3 to 6 form part of these financial statements. Graham & Sherret 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
GRAHAM & SHERRET LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Graham & Sherret LLP is a limited liability partnership incorporated in Scotland. The registered office is No 2 Ceres Road, Pitscottie, Cupar, Scotland, KY15 5TD. The financial statements are presented in Sterling which is the functional currency of the Partnership and rounded to the nearest £. 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 | 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 | 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. Page 3
GRAHAM & SHERRET LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | 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:
|  |  |  | Freehold property | - |  | Not depreciated
|  |  |  | Office equipment | - |  | 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.
| 2.5 | Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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GRAHAM & SHERRET LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | - | 751 | 751
| Additions | 177,356 | - | 177,356
| At 31 March 2025 | 177,356 | 751 | 178,107
| Depreciation |  |  |
| At 1 April 2024 | - | 751 | 751
| At 31 March 2025 | - | 751 | 751
| Net book value |  |  |
| At 31 March 2025 | 177,356 | - | 177,356
| At 31 March 2024 | - | - | -
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 66,725
| Other debtors | 2,592 | 10,745
|  | 2,592 | 77,470
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 7,250 | 6,630
| Trade creditors | 26,561 | 2,568
| Other taxation and social security | - | 11,462
| Other creditors | 56,276 | 140,717
| Accruals and deferred income | 1,625 | 1,575
|  | 91,712 | 162,952
| Bank loans of £7,250 (2024 - £6,630) are secured.
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GRAHAM & SHERRET LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 59,336 | 67,206
| Other creditors | - | 30,917
|  | 59,336 | 98,123
| Bank loans of £59,336 (2024 - £67,206) are secured.
8. | Related party transactions
| Included within other debtors is an amount of £nil (2024 - £10,745) due from BCS Hendricks (Stirling) Ltd, a company in which Mr J R Sherret is a director and shareholder. During the period, the company charged rental income of £Nil (2024 - £12,000) to BCS Hendricks (Stirling) Ltd. Included within other creditors is an amount of £54,913 (2024 - £129,354) due to BCS Hendricks Ltd, a company in which Mr J R Sherret is a director and shareholder.
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