Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false No description of principal activity 5 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC401304 2024-04-01 2025-03-31 OC401304 2023-04-01 2024-03-31 OC401304 2025-03-31 OC401304 2024-03-31 OC401304 c:ComputerEquipment 2024-04-01 2025-03-31 OC401304 c:ComputerEquipment 2025-03-31 OC401304 c:ComputerEquipment 2024-03-31 OC401304 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC401304 c:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 OC401304 c:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 OC401304 c:CurrentFinancialInstruments 2025-03-31 OC401304 c:CurrentFinancialInstruments 2024-03-31 OC401304 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC401304 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC401304 d:FRS102 2024-04-01 2025-03-31 OC401304 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC401304 d:FullAccounts 2024-04-01 2025-03-31 OC401304 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC401304 c:WithinOneYear 2025-03-31 OC401304 c:WithinOneYear 2024-03-31 OC401304 c:BetweenOneFiveYears 2025-03-31 OC401304 c:BetweenOneFiveYears 2024-03-31 OC401304 6 2024-04-01 2025-03-31 OC401304 c:CopyrightsPatentsTrademarksServiceOperatingRights c:OwnedIntangibleAssets 2024-04-01 2025-03-31 OC401304 d:PartnerLLP1 2024-04-01 2025-03-31 OC401304 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC401304 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC401304 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC401304 BALANCE LEGAL CAPITAL LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
BALANCE LEGAL CAPITAL LLP REGISTERED NUMBER: OC401304 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 4,540 |  | 5,308
Tangible assets | 6 |  | 3,094 |  | 5,079
Investments | 7 |  | 107 |  | 107
|  |  | 7,741 |  | 10,494
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 1,040,607 |  | 743,074 |
Cash at bank and in hand |  | 367,991 |  | 135,509 |
|  | 1,408,598 |  | 878,583 |
Creditors: amounts falling due within one year | 9 | (583,249) |  | (335,556) |
Net current assets |  |  | 825,349 |  | 543,027
Total assets less current liabilities |  |  | 833,090 |  | 553,521
Net assets |  |  | 833,090 |  | 553,521
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 10 |  | 833,090 |  | 553,521
|  |  | 833,090 |  | 553,521
|  |  | 833,090 |  | 553,521
Total members' interests |  |  |  |  |
Loans and other debts due to members | 10 |  | 833,090 |  | 553,521
|  |  | 833,090 |  | 553,521
Page 1
BALANCE LEGAL CAPITAL LLP REGISTERED NUMBER: OC401304 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 by:
Mr R Rothkopf
Designated Member
Date: 25 July 2025
The notes on pages 3 to 10 form part of these financial statements. Balance Legal Capital 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
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Balance Legal Capital LLP is a Limited Liability Partnership incorporated in England and Wales in the United Kingdom. The address of the registered office is 25 Southampton Buildings, London, WC2A 1AL. The Financial Statements are presented in sterling which is the functional currency of the Partnership and rounded to the nearest £1. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Partnership's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
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 profit or loss within 'other operating income'. Page 3
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Partnership and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding 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 Partnership 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 the Statement of Comprehensive Income as they fall due.
| 2.5 | Pensions
Defined contribution pension plan The Partnership operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Partnership pays fixed contributions into a separate entity. Once the contributions have been paid the Partnership 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 Partnership in independently administered funds.
| 2.6 | Division and distribution of profits
A division of profits is the mechanism by which the profits of a Partnership 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 Partnership 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 Partnership, which it has the unconditional right to avoid making. The Partnership 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. Page 4
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 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. 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 on the following basis:
|  |  |  | Computer equipment | - | 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.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
The Partnership only enters into basic financial instruments 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 and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows 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. 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 Statement of Comprehensive Income. No such impairment has arisen for the year.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
No significant judgements have been made by management in preparing these financial statements.
4. | Employees
| The average monthly number of persons (excluding members) employed during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 5 | 4
Page 6
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Intangible assets
|  | Trademarks
|  | £
| Cost |
| At 1 April 2024 | 7,818
| At 31 March 2025 | 7,818
| Amortisation |
| At 1 April 2024 | 2,510
| Charge for the year on owned assets | 768
| At 31 March 2025 | 3,278
| Net book value |
| At 31 March 2025 | 4,540
| At 31 March 2024 | 5,308
Page 7
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 19,791
| Additions | 1,851
| At 31 March 2025 | 21,642
| Depreciation |
| At 1 April 2024 | 14,712
| Charge for the year on owned assets | 3,836
| At 31 March 2025 | 18,548
| Net book value |
| At 31 March 2025 | 3,094
| At 31 March 2024 | 5,079
7. | Investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2024 | 107
| At 31 March 2025 | 107
Page 8
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 40,336 | 10,763
| Other debtors | 989,691 | 722,731
| Prepayments and accrued income | 10,580 | 9,580
|  | 1,040,607 | 743,074
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 27,829 | 48,680
| Other taxation and social security | 491,349 | 273,291
| Other creditors | 61,753 | 13,545
| Accruals | 2,318 | 40
|  | 583,249 | 335,556
10. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | (833,090) | (553,521)
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | (833,090) | (553,521)
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. Page 9
BALANCE LEGAL CAPITAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | Pension commitments
The Partnership 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 £6,505 (2024: £5,283). The pension cost charge payable at the year end amounted to £1,615 (2024: £1,233).
12. | Commitments under operating leases
| At 31 March 2025 the Partnership had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 115,247 | 105,380
| Later than 1 year and not later than 5 years | 108,537 | -
|  | 223,784 | 105,380
Page 10