Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 3 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-02-29 false No description of principal activity 3 false true false OC445688 2024-02-29 2025-02-28 OC445688 2023-02-06 2024-02-28 OC445688 2025-02-28 OC445688 2024-02-28 OC445688 c:Buildings 2024-02-29 2025-02-28 OC445688 c:Buildings 2025-02-28 OC445688 c:Buildings 2024-02-28 OC445688 c:Buildings c:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 OC445688 c:FurnitureFittings 2024-02-29 2025-02-28 OC445688 c:FurnitureFittings 2025-02-28 OC445688 c:FurnitureFittings 2024-02-28 OC445688 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 OC445688 c:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 OC445688 c:CurrentFinancialInstruments 2025-02-28 OC445688 c:CurrentFinancialInstruments 2024-02-28 OC445688 c:Non-currentFinancialInstruments 2025-02-28 OC445688 c:Non-currentFinancialInstruments 2024-02-28 OC445688 c:CurrentFinancialInstruments c:WithinOneYear 2025-02-28 OC445688 c:CurrentFinancialInstruments c:WithinOneYear 2024-02-28 OC445688 c:Non-currentFinancialInstruments c:AfterOneYear 2025-02-28 OC445688 c:Non-currentFinancialInstruments c:AfterOneYear 2024-02-28 OC445688 c:OtherMiscellaneousReserve 2024-02-29 2025-02-28 OC445688 c:OtherMiscellaneousReserve 2025-02-28 OC445688 c:OtherMiscellaneousReserve 2024-02-28 OC445688 d:FRS102 2024-02-29 2025-02-28 OC445688 d:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 OC445688 d:FullAccounts 2024-02-29 2025-02-28 OC445688 d:LimitedLiabilityPartnershipLLP 2024-02-29 2025-02-28 OC445688 d:PartnerLLP1 2024-02-29 2025-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-02-29 2025-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-02-06 2024-02-28 OC445688 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-02-28 OC445688 e:PoundSterling 2024-02-29 2025-02-28 iso4217:GBP xbrli:pure

Registered number: OC445688 DDR CAPITAL LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2025
DDR CAPITAL LLP REGISTERED NUMBER: OC445688 BALANCE SHEET AS AT 28 FEBRUARY 2025
| 2025 | 2024
Note | £ | £
Fixed assets |  |  |
Tangible assets | 4 | 1,832,313 | 2,282,393
|  | 1,832,313 | 2,282,393
Current assets |  |  |
Debtors: amounts falling due within one year |  | 1,800 | 1,800
Cash at bank and in hand | 6 | 4,973 | 9,523
Creditors: Amounts Falling Due Within One Year | 7 | (6,401) | (9,937)
Net current assets |  | 372 | 1,386
Total assets less current liabilities |  | 1,832,685 | 2,283,779
Creditors: amounts falling due after more than one year | 8 | (782,787) | (1,063,800)
Net assets |  | 1,049,898 | 1,219,979
Represented by: |  |  |
Members' other interests |  |  |
Members' capital classified as equity |  |  |
|  | 1,049,898 | 1,219,979
Total members' interests |  |  |
Members' other interests |  | 1,049,898 | 1,219,979
|  | 1,049,898 | 1,219,979
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 were approved and authorised for issue by the members and were signed on their behalf on 10 October 2025.
................................................ Raymond Andrews
Designated member
The notes on pages 3 to 9 form part of these financial statements. Page 1
DDR CAPITAL LLP STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2025
| Members capital (classified as equity) | Other reserves | Total equity
| £ | £ | £
Comprehensive income for the period |  |  |
Profit for period for discretionary division among members | - | 47,879 | 47,879
Allocated profit | 47,879 | (47,879) | -
Contributions by and distributions to members |  |  |
Capital introduced by members | 1,222,500 | - | 1,222,500
Capital amounts repaid to members | (50,400) | - | (50,400)
At 29 February 2024 | 1,219,979 | - | 1,219,979
Comprehensive income for the year |  |  |
Loss for year for discretionary division among members | - | (36,850) | (36,850)
Allocated loss | (36,850) | 36,850 | -
Contributions by and distributions to members |  |  |
Capital introduced by members | 112,232 | - | 112,232
Capital amounts repaid to members | (245,463) | - | (245,463)
At 28 February 2025 | 1,049,898 | - | 1,049,898
The notes on pages 3 to 9 form part of these financial statements.
Page 2
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
DDR Capital LLP is a partnership limited by its liability, incorporated in England and Wales, registration number OC445688. The address of the registered office is 261 Kenton Road, Harrow, England, HA3 0HQ. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis as the members believe adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.
| 2.3 | 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.
| 2.4 | 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 year in which they are incurred. Page 3
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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. 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.
| 2.7 | 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 | - | No depreciation
|  |  |  | Fixtures and fittings | - | 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.
| 2.8 | 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. Page 4
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | 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 5
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments
Financial assets and liabilities are offset, with 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. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Page 6
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
3. | Employees
| The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:
|  |  | 12 months ended 28 February | 13 months ended 28 February
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Members | 3 | 3
4. | Tangible fixed assets
|  | Freehold property | Fixtures and fittings | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 29 February 2024 | 2,282,000 | 400 | 2,282,400
| Disposals | (450,000) | - | (450,000)
| At 28 February 2025 | 1,832,000 | 400 | 1,832,400
| Depreciation |  |  |
| At 29 February 2024 | - | 7 | 7
| Charge for the year on owned assets | - | 80 | 80
| At 28 February 2025 | - | 87 | 87
| Net book value |  |  |
| At 28 February 2025 | 1,832,000 | 313 | 1,832,313
Page 7
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,800 | 1,800
|  | 1,800 | 1,800
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 4,973 | 9,523
|  | 4,973 | 9,523
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 275 | -
| Accruals and deferred income | 6,126 | 9,937
|  | 6,401 | 9,937
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 778,487 | 1,059,500
| Other creditors | 4,300 | 4,300
|  | 782,787 | 1,063,800
Page 8
DDR CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
9. | Reconciliation of members' interests
| EQUITY Members' other interests
| Members' capital (classified as equity) | Other reserves | Total
| £ | £ | £
Loss for the year available for discretionary division among members | - | (36,850) | (36,850)
Members' interests after profit for the year | 1,219,979 | (36,850) | 1,183,129
Other division of losses | (36,850) | 36,850 | -
Amounts introduced by members | 112,232 | - | 112,232
Repayment of capital | (245,463) | - | (245,463)
Balance at 28 February 2025 | 1,049,898 | - | 1,049,898
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 9