Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 false false 2024-04-01 false No description of principal activity 5 5 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC435818 2024-04-01 2025-03-31 OC435818 2023-04-01 2024-03-31 OC435818 2025-03-31 OC435818 2024-03-31 OC435818 c:ComputerEquipment 2024-04-01 2025-03-31 OC435818 c:ComputerEquipment 2025-03-31 OC435818 c:ComputerEquipment 2024-03-31 OC435818 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC435818 c:CurrentFinancialInstruments 2025-03-31 OC435818 c:CurrentFinancialInstruments 2024-03-31 OC435818 c:Non-currentFinancialInstruments 2025-03-31 OC435818 c:Non-currentFinancialInstruments 2024-03-31 OC435818 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC435818 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC435818 d:FRS102 2024-04-01 2025-03-31 OC435818 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC435818 d:FullAccounts 2024-04-01 2025-03-31 OC435818 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC435818 2 2024-04-01 2025-03-31 OC435818 d:PartnerLLP1 2024-04-01 2025-03-31 OC435818 d:PartnerLLP2 2024-04-01 2025-03-31 OC435818 d:PartnerLLP3 2024-04-01 2025-03-31 OC435818 d:PartnerLLP4 2024-04-01 2025-03-31 OC435818 d:PartnerLLP5 2024-04-01 2025-03-31 OC435818 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC435818 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC435818 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC435818 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC435818 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC435818 MPR PARTNERS LLP UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MPR PARTNERS LLP Information
Designated Members Gelu-Titus Maravela
Alina-Elena Popescu
Members Dana-Elena Radulescu
Alexandra-Elena Rimbu
Cristina-Elena Cretu
LLP registered number OC435818
Registered office 3rd Floor, 12 Gough Square, London, EC4A 3DW
MPR PARTNERS LLP Registered number: OC435818 Balance sheet As at 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 712 |  | 1,399
|  |  | 712 |  | 1,399
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 5 | 66 |  | - |
Debtors: amounts falling due within one year | 5 | 9,282 |  | 20,889 |
Cash at bank and in hand |  | 4,250 |  | 335 |
|  | 13,598 |  | 21,224 |
Creditors: Amounts Falling Due Within One Year | 6 | (77,517) |  | (84,618) |
Net current liabilities |  |  | (63,919) |  | (63,394)
Total assets less current liabilities |  |  | (63,207) |  | (61,995)
Net liabilities |  |  | (63,207) |  | (61,995)
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | (17,020) |  | (10,434)
|  |  | (17,020) |  | (10,434)
Members' other interests |  |  |  |  |
Other reserves classified as equity |  | (46,187) |  | (51,561) |
|  |  | (46,187) |  | (51,561)
|  |  | (63,207) |  | (61,995)
Total members' interests |  |  |  |  |
Loans and other debts due (from)/to members | 7 |  | (17,020) |  | (10,434)
Members' other interests |  |  | (46,187) |  | (51,561)
|  |  | (63,207) |  | (61,995)
Page 1
MPR PARTNERS LLP Registered number: OC435818 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 10 November 2025.
Alina-Elena Popescu | Gelu-Titus Maravela
Designated member | Designated member
The notes on pages 3 to 10 form part of these financial statements. MPR Partners 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
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025
1. | General information
MPR Partners LLP ("the LLP") is a limited liability partnership incorporated in the United Kingdom and registered in England and Wales. The partnership's registered office is 3rd Floor, 12 Gough Square, London, United Kingdom, EC4A 3DW. 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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 judgment in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The members have agreed to provide the resources necessary for the LLP to continue in operational existence for the forseeable future. On this basis, the LLP continues to adopt the going concern basis in preparing its financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The LLP's functional and presentational currency is 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 profit or loss within 'other operating income'. Page 3
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Operating leases: the LLP as lessee
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.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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 . 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. Page 4
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 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. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 25% | striaght 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.
| 2.9 | 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.
| 2.10 | 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. 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.
| 2.12 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. 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. Page 5
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic 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. Page 6
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
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. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 5).
Page 7
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 2,748
| At 31 March 2025 | 2,748
| Depreciation |
| At 1 April 2024 | 1,349
| Charge for the year on owned assets | 687
| At 31 March 2025 | 2,036
| Net book value |
| At 31 March 2025 | 712
| At 31 March 2024 | 1,399
Page 8
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Prepayments and accrued income | 66 | -
|  | 66 | -
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | - | 12,821
| Other debtors | - | 857
| Prepayments and accrued income | 9,282 | 7,211
|  | 9,282 | 20,889
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 7,550 | 16,065
| Other taxation and social security | 214 | -
| Other creditors | 64,113 | 62,913
| Accruals and deferred income | 5,640 | 5,640
|  | 77,517 | 84,618
Page 9
MPR PARTNERS LLP Notes to the financial statements For the Year Ended 31 March 2025
7. | Loans and other debts due (from)/to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Members' capital treated as debt | (17,020) | (10,434)
|  | (17,020) | (10,434)
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | (17,020) | (10,434)
|  | (17,020) | (10,434)
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
8. | Related party transactions
| During the year the partnership operated a loan account with a partnership under common control. At the year end MPR Partners LLP owed the partnership £64,113 (2024: £62,913). The loan is interest free and repayable on demand.
Page 10