Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 20 2024-04-01 false No description of principal activity 19 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SO302185 2024-04-01 2025-03-31 SO302185 2023-04-01 2024-03-31 SO302185 2025-03-31 SO302185 2024-03-31 SO302185 c:Buildings c:ShortLeaseholdAssets 2024-04-01 2025-03-31 SO302185 c:Buildings c:ShortLeaseholdAssets 2025-03-31 SO302185 c:Buildings c:ShortLeaseholdAssets 2024-03-31 SO302185 c:FurnitureFittings 2024-04-01 2025-03-31 SO302185 c:FurnitureFittings 2025-03-31 SO302185 c:FurnitureFittings 2024-03-31 SO302185 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SO302185 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SO302185 c:CurrentFinancialInstruments 2025-03-31 SO302185 c:CurrentFinancialInstruments 2024-03-31 SO302185 c:Non-currentFinancialInstruments 2025-03-31 SO302185 c:Non-currentFinancialInstruments 2024-03-31 SO302185 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 SO302185 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 SO302185 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 SO302185 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 SO302185 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-04-01 2025-03-31 SO302185 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-03-31 SO302185 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 SO302185 d:FRS102 2024-04-01 2025-03-31 SO302185 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SO302185 d:FullAccounts 2024-04-01 2025-03-31 SO302185 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 SO302185 c:WithinOneYear 2025-03-31 SO302185 c:WithinOneYear 2024-03-31 SO302185 c:BetweenOneFiveYears 2025-03-31 SO302185 c:BetweenOneFiveYears 2024-03-31 SO302185 c:MoreThanFiveYears 2025-03-31 SO302185 c:MoreThanFiveYears 2024-03-31 SO302185 d:PartnerLLP1 2024-04-01 2025-03-31 SO302185 d:PartnerLLP2 2024-04-01 2025-03-31 SO302185 d:PartnerLLP3 2024-04-01 2025-03-31 SO302185 d:PartnerLLP4 2024-04-01 2025-03-31 SO302185 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 SO302185 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 SO302185 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 SO302185 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SO302185 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: SO302185 CAMPBELL SMITH LLP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CAMPBELL SMITH LLP INFORMATION
Designated Members Helen G Ferguson WS
Julia MacConnachie
Kenneth Steele
LLP registered number SO302185
Registered office 21 York Place Edinburgh EH1 3EN
Accountants EQ Accountants Limited Chartered Accountants 14 City Quay Dundee DD1 3JA
CAMPBELL SMITH LLP REGISTERED NUMBER: SO302185 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,104 |  | 1,972
|  |  | 2,104 |  | 1,972
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 3,953,722 |  | 2,396,398 |
Cash at bank and in hand |  | 461,270 |  | 340,882 |
|  | 4,414,992 |  | 2,737,280 |
Creditors: Amounts Falling Due Within One Year | 6 | (3,584,260) |  | (2,101,471) |
Net current assets |  |  | 830,732 |  | 635,809
Total assets less current liabilities |  |  | 832,836 |  | 637,781
Creditors: amounts falling due after more than one year | 7 |  | (37,500) |  | (87,500)
|  |  | 795,336 |  | 550,281
Provisions for liabilities |  |  |  |  |
Other provisions | 8 | - |  | (50,000) |
|  |  | - |  | (50,000)
Net assets |  |  | 795,336 |  | 500,281
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 9 |  | 585,336 |  | 290,281
|  |  | 585,336 |  | 290,281
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 210,000 |  | 210,000 |
|  |  | 210,000 |  | 210,000
|  |  | 795,336 |  | 500,281
Total members' interests |  |  |  |  |
Loans and other debts due to members | 9 |  | 585,336 |  | 290,281
Members' other interests |  |  | 210,000 |  | 210,000
|  |  | 795,336 |  | 500,281
Page 1
CAMPBELL SMITH LLP REGISTERED NUMBER: SO302185 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 3 October 2025.
Julia MacConnachie
Designated member
The notes on pages 3 to 8 form part of these financial statements. Campbell Smith 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
CAMPBELL SMITH LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Campbell Smith LLP is a limited liability partnership, domiciled in Scotland with registration number SO302185. The registered office is 21 York Place, Edinburgh, EH1 3EN. 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 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised: Rendering of services Turnover 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 turnover 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. Page 3
CAMPBELL SMITH 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. At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. 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:
|  |  |  | Leasehold improvements | - | 20%
|  |  |  | Office furniture and fittings | - | 20- 33%
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 | Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. The LLP has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard on 1 April 2015 to continue to be charged over the period to the first market rent review rather than the term of the lease.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds. Page 4
CAMPBELL SMITH LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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 .
| 2.8 | Stock and work in progress
Work in progress is valued in accordance with the revenue recognition policy.
| 2.9 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 19 (2024 - 20).
Page 5
CAMPBELL SMITH LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Leasehold improvements | Office furniture and fittings | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 6,556 | 91,652 | 98,208
| Additions | - | 2,205 | 2,205
| At 31 March 2025 | 6,556 | 93,857 | 100,413
| Depreciation |  |  |
| At 1 April 2024 | 6,556 | 89,680 | 96,236
| Charge for the year on owned assets | - | 2,073 | 2,073
| At 31 March 2025 | 6,556 | 91,753 | 98,309
| Net book value |  |  |
| At 31 March 2025 | - | 2,104 | 2,104
| At 31 March 2024 | - | 1,972 | 1,972
Page 6
CAMPBELL SMITH LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 144,689 | 144,118
| Other debtors | 3,420,823 | 1,974,775
| Prepayments and accrued income | 42,739 | 43,334
| Amounts recoverable on long term contracts | 345,471 | 234,171
|  | 3,953,722 | 2,396,398
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 50,000 | 50,000
| Trade creditors | 3,373,694 | 1,854,841
| Other taxation and social security | 110,004 | 99,711
| Other creditors | 50,562 | 96,919
|  | 3,584,260 | 2,101,471
| Standard security is provided over the property owned by the LLP and its associated assets; a floating charge is provided over all LLP assets and undertakings.
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 37,500 | 87,500
| Standard security is provided over the property owned by the LLP and its associated assets; a floating charge is provided over all LLP assets and undertakings.
8. | Provisions
|  | Provision
|  | £
| At 1 April 2024 | 50,000
| Charged to profit or loss | (50,000)
| At 31 March 2025 | -
Page 7
CAMPBELL SMITH LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 585,336 | 290,281
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 585,336 | 290,281
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
10. | Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund which amounted to £21,779 (2024 - £10,141). Included within creditors at the year end is an amount of £6,786 (2024 - £3,085) due to the fund.
11. | Commitments under operating leases
| At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 84,154 | 73,031
| Later than 1 year and not later than 5 years | 327,014 | 248,123
| Later than 5 years | 120,000 | 180,000
|  | 531,168 | 501,154
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