Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true 2024-04-01 false No description of principal activity 9 8 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC390031 2024-04-01 2025-03-31 OC390031 2023-04-01 2024-03-31 OC390031 2025-03-31 OC390031 2024-03-31 OC390031 c:OfficeEquipment 2024-04-01 2025-03-31 OC390031 c:OfficeEquipment 2025-03-31 OC390031 c:OfficeEquipment 2024-03-31 OC390031 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC390031 c:CurrentFinancialInstruments 2025-03-31 OC390031 c:CurrentFinancialInstruments 2024-03-31 OC390031 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC390031 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC390031 d:FRS102 2024-04-01 2025-03-31 OC390031 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC390031 d:FullAccounts 2024-04-01 2025-03-31 OC390031 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC390031 c:WithinOneYear 2025-03-31 OC390031 c:WithinOneYear 2024-03-31 OC390031 c:BetweenOneFiveYears 2025-03-31 OC390031 c:BetweenOneFiveYears 2024-03-31 OC390031 d:PartnerLLP1 2024-04-01 2025-03-31 OC390031 d:PartnerLLP2 2024-04-01 2025-03-31 OC390031 d:PartnerLLP3 2024-04-01 2025-03-31 OC390031 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC390031 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC390031 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC390031 NEW FINANCIAL FORUM LLP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NEW FINANCIAL FORUM LLP INFORMATION
Designated Members M W Wright
D Charters
Member Y Chinwala
LLP registered number OC390031
Registered office 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL
NEW FINANCIAL FORUM LLP CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 8
NEW FINANCIAL FORUM LLP REGISTERED NUMBER: OC390031 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 13,706 |  | 13,587
CURRENT ASSETS |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 386,122 |  | 355,647 |
Cash at bank and in hand |  | 343,952 |  | 347,440 |
|  | 730,074 |  | 703,087 |
Creditors: Amounts Falling Due Within One Year | 6 | (692,326) |  | (647,702) |
NET CURRENT ASSETS |  |  | 37,748 |  | 55,385
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 51,454 |  | 68,972
NET ASSETS |  |  | 51,454 |  | 68,972
REPRESENTED BY: |  |  |  |  |
LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR |  |  |  |  |
MEMBERS' OTHER INTERESTS |  |  |  |  |
Members' capital classed as equity |  | 51,454 |  | 68,972 |
|  |  | 51,454 |  | 68,972
|  |  | 51,454 |  | 68,972
TOTAL MEMBERS' INTERESTS |  |  |  |  |
Members' other interests |  |  | 51,454 |  | 68,972
|  |  | 51,454 |  | 68,972
Page 1
NEW FINANCIAL FORUM LLP REGISTERED NUMBER: OC390031 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 20 October 2025.
M W Wright
Designated member
The notes on pages 3 to 8 form part of these financial statements. Page 2
NEW FINANCIAL FORUM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
New Financial Forum LLP (LLP number: OC390031), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL and principal place of business at 1 Duchess Street, London, W1W 6AN, is a limited liability partnership incorporated in England and Wales. 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 | STATEMENT OF CASH FLOWS
The LLP has taken advantage of the exemption in Financial Reporting Standard 102 Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small LLP.
| 2.3 | FOREIGN CURRENCY TRANSLATION
Functional and presentation currency The LLP's functional and presentational currency is British Pound Sterling (GBP). Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in Statement of Comprehensive Income within 'other operating income'. Page 3
NEW FINANCIAL FORUM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (continued)
| 2.4 | 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. Annual membership fees are recognised in the Statement of Comprehensive Income evenly over the membership term.
| 2.5 | MEMBERS' PARTICIPATING INTERESTS
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity. All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests. Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net. Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member. Page 4
NEW FINANCIAL FORUM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (continued)
| 2.6 | OPERATING LEASES: THE LLP AS LESSEE
Rentals paid under operating leases are charged to Statement of Comprehensive Income 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.
| 2.7 | 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.
| 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. The LLP adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the LLP. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. 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:
|  |  |  | Office equipment | - | 25% | straight-line
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 5
NEW FINANCIAL FORUM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (continued)
| 2.9 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment.
| 2.10 | 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.
| 2.11 | CREDITORS
Short-term creditors are measured at the transaction price.
| 2.12 | FINANCIAL INTERESTS
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument. 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.
| 2.13 | TAXATION PROVISIONS
Taxation on the profits of the LLP is solely the liability of the individual members. Therefore neither income tax nor deferred tax arising in respect of the LLP's profit is recognised in the financial statements.
3. | EMPLOYEES
The average number of persons employed by the partnership during the year was 9 (2024 - 8) Page 6
NEW FINANCIAL FORUM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | TANGIBLE FIXED ASSETS
|  | Office equipment
|  | £
| Cost |
| At 1 April 2024 | 45,433
| Additions | 6,526
| At 31 March 2025 | 51,959
| Depreciation |
| At 1 April 2024 | 31,846
| Charge for the year on owned assets | 6,407
| At 31 March 2025 | 38,253
| Net book value |
| At 31 March 2025 | 13,706
| At 31 March 2024 | 13,587
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 299,400 | 308,400
| Prepayments and accrued income | 62,310 | 24,361
| Other debtors | 24,412 | 22,886
|  | 386,122 | 355,647
Page 7
NEW FINANCIAL FORUM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 37,074 | 6,940
| Other taxation and social security | 47,091 | 74,249
| Other creditors | 3,925 | 2,374
| Accruals and deferred income | 604,236 | 564,139
|  | 692,326 | 647,702
7. | PENSION COMMITMENTS
The LLP operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £14,667 (2024 - £9,687) . Contributions totalling £3,925 (2024 - £2,374) were payable to the fund at the Balance Sheet date and are included in creditors.
8. | OPERATING LEASE COMMITMENTS
| 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 | 17,752 | 76,285
| Later than 1 year and not later than 5 years | - | 17,752
|  | 17,752 | 94,037
Page 8