Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 0 false The principal activity of the LLP during the period was that of the management of commercial rental property.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01 0 true true OC436068 2024-04-01 2025-03-31 OC436068 2023-04-01 2024-03-31 OC436068 2025-03-31 OC436068 2024-03-31 OC436068 c:FreeholdInvestmentProperty 2024-04-01 2025-03-31 OC436068 c:FreeholdInvestmentProperty 2025-03-31 OC436068 c:FreeholdInvestmentProperty 2024-03-31 OC436068 c:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 OC436068 c:CurrentFinancialInstruments 2025-03-31 OC436068 c:CurrentFinancialInstruments 2024-03-31 OC436068 c:Non-currentFinancialInstruments 2025-03-31 OC436068 c:Non-currentFinancialInstruments 2024-03-31 OC436068 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC436068 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC436068 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC436068 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC436068 e:FRS102 2024-04-01 2025-03-31 OC436068 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC436068 e:FullAccounts 2024-04-01 2025-03-31 OC436068 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC436068 2 2024-04-01 2025-03-31 OC436068 5 2024-04-01 2025-03-31 OC436068 e:PartnerLLP1 2024-04-01 2025-03-31 OC436068 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC436068 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC436068 c:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 OC436068 c:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC436068 SEL PROPERTY MANAGEMENT LLP UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SEL PROPERTY MANAGEMENT LLP REGISTERED NUMBER: OC436068 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 1,077,413 |  | 734,556
|  |  | 1,077,413 |  | 734,556
Current assets |  |  |  |  |
Cash at bank and in hand |  | 35,240 |  | 7,650 |
|  | 35,240 |  | 7,650 |
Creditors: Amounts Falling Due Within One Year | 5 | (21,698) |  | (3,388) |
Net current assets |  |  | 13,542 |  | 4,262
Total assets less current liabilities |  |  | 1,090,955 |  | 738,818
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (20,519) |  | -
|  |  | 1,070,436 |  | 738,818
Net assets |  |  | 1,070,436 |  | 738,818
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 734,992 |  | 738,818 |
Revaluation reserve classified as equity |  | 335,444 |  | - |
|  |  | 1,070,436 |  | 738,818
|  |  | 1,070,436 |  | 738,818
Total members' interests |  |  |  |  |
Members' other interests |  |  | 1,070,436 |  | 738,818
|  |  | 1,070,436 |  | 738,818
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SEL PROPERTY MANAGEMENT LLP REGISTERED NUMBER: OC436068 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 profit and loss account 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:
................................................ S Maguire
Designated member
Date: 22 October 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
SEL PROPERTY MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The entity is a Limited Liability Partnership, incorporated in England and Wales, registration number OC436068. The registered office is Afton House, 17 Sheepy Road, Sibson, Nuneaton, Warwickshire, CV13 6LE. Principal activity The principal activity of the entity during the year was that of the management of commercial property. 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 entity's functional and presentational currency is British Pound Sterling (£). 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 | Interest income
Interest income is recognised in the Profit and Loss Account using the effective interest method.
| 2.4 | Investment property
Investment property is carried at fair value determined annually by the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account. Page 3
SEL PROPERTY MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Revaluation of tangible fixed assets
Individual freehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the Profit and Loss Account.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.8 | Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Page 4
SEL PROPERTY MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
3. | Employees
| The entity has no employees, other than the members.
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 734,556
| Additions | 7,413
| Surplus on Revaluation | 335,444
| At 31 March 2025 | 1,077,413
The 2025 valuations were made by Innes England, a registered Chartered Surveyor, on an open market value for existing use basis.
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SEL PROPERTY MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 1,553 | 888
| Accruals and deferred income | 20,145 | 2,500
|  | 21,698 | 3,388
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Deposits | 20,519 | -
|  | 20,519 | -
7. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Members' capital treated as debt | 734,992 | 738,818
|  | 734,992 | 738,818
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 6