Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 13 2024-04-01 false No description of principal activity 13 false true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC307087 2024-04-01 2025-03-31 OC307087 2023-06-01 2024-03-31 OC307087 2025-03-31 OC307087 2024-03-31 OC307087 c:Buildings 2024-04-01 2025-03-31 OC307087 c:Buildings 2025-03-31 OC307087 c:Buildings 2024-03-31 OC307087 c:Buildings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC307087 c:Buildings c:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC307087 c:PlantMachinery 2024-04-01 2025-03-31 OC307087 c:PlantMachinery 2025-03-31 OC307087 c:PlantMachinery 2024-03-31 OC307087 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC307087 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC307087 c:MotorVehicles 2024-04-01 2025-03-31 OC307087 c:MotorVehicles 2025-03-31 OC307087 c:MotorVehicles 2024-03-31 OC307087 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC307087 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC307087 c:ComputerEquipment 2024-04-01 2025-03-31 OC307087 c:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 OC307087 c:OtherPropertyPlantEquipment 2025-03-31 OC307087 c:OtherPropertyPlantEquipment 2024-03-31 OC307087 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC307087 c:OtherPropertyPlantEquipment c:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC307087 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC307087 c:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC307087 c:CurrentFinancialInstruments 2025-03-31 OC307087 c:CurrentFinancialInstruments 2024-03-31 OC307087 c:CurrentFinancialInstruments 2 2025-03-31 OC307087 c:CurrentFinancialInstruments 2 2024-03-31 OC307087 c:Non-currentFinancialInstruments 2025-03-31 OC307087 c:Non-currentFinancialInstruments 2024-03-31 OC307087 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC307087 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC307087 e:FRS102 2024-04-01 2025-03-31 OC307087 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC307087 e:FullAccounts 2024-04-01 2025-03-31 OC307087 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC307087 c:WithinOneYear 2025-03-31 OC307087 c:WithinOneYear 2024-03-31 OC307087 c:BetweenOneFiveYears 2025-03-31 OC307087 c:BetweenOneFiveYears 2024-03-31 OC307087 2 2024-04-01 2025-03-31 OC307087 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2025-03-31 OC307087 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-03-31 OC307087 c:LeasedAssetsHeldAsLessee 2025-03-31 OC307087 c:LeasedAssetsHeldAsLessee 2024-03-31 OC307087 e:PartnerLLP3 2024-04-01 2025-03-31 OC307087 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC307087 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC307087 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC307087 MARINE & INDUSTRIAL LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
MARINE & INDUSTRIAL LLP REGISTERED NUMBER: OC307087 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 555,105 |  | 646,825
|  |  | 555,105 |  | 646,825
Current assets |  |  |  |  |
Stocks |  | 435,368 |  | 537,405 |
Debtors: amounts falling due after more than one year | 5 | 1,527 |  | 3,194 |
Debtors: amounts falling due within one year | 5 | 1,639,976 |  | 1,492,720 |
Bank and cash balances |  | 917,008 |  | 1,035,623 |
|  | 2,993,879 |  | 3,068,942 |
Creditors: Amounts Falling Due Within One Year | 6 | (899,643) |  | (1,124,645) |
Net current assets |  |  | 2,094,236 |  | 1,944,297
Total assets less current liabilities |  |  | 2,649,341 |  | 2,591,122
Net assets |  |  | 2,649,341 |  | 2,591,122
Page 1
MARINE & INDUSTRIAL LLP REGISTERED NUMBER: OC307087 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | 56,323 |  | 56,323
Other amounts | 7 |  | 2,593,018 |  | 2,534,799
|  |  | 2,649,341 |  | 2,591,122
|  |  | 2,649,341 |  | 2,591,122
Total members' interests |  |  |  |  |
Amounts due from members (included in debtors) | 5 |  | (694,963) |  | (648,606)
Loans and other debts due to members | 7 |  | 2,649,341 |  | 2,591,122
|  |  | 1,954,378 |  | 1,942,516
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 income statement 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 25 November 2025.
................................................ Robin J Mace
Designated member
The notes on pages 3 to 10 form part of these financial statements. Marine & Industrial 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
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Marine & Industrial LLP is a limited liability partnership incorporated in England and Wales, registration number OC307087. The registered office is Station Road, Worstead, Norfolk, NR28 9RZ. 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting polices applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
| 2.2 | 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 Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | 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: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the LLP has transferred the significant risks and rewards of ownership to the buyer; ∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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 Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.7 | 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, as detailed below. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straight line
|  |  |  | Plant and machinery | - | 15% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 33% | reducing balance
|  |  |  | Property improvements | - | 10% | 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.
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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. Page 5
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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. 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.
| 2.11 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 13 (2024 - 13).
Page 6
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Other fixed assets | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 330,000 | 239,607 | 435,400 | 147,222 | 1,152,229
| Additions | - | 6,761 | - | - | 6,761
| Disposals | - | (55,148) | (15,000) | - | (70,148)
| At 31 March 2025 | 330,000 | 191,220 | 420,400 | 147,222 | 1,088,842
| Depreciation |  |  |  |  |
| At 1 April 2024 | 84,700 | 170,109 | 217,585 | 33,010 | 505,404
| Charge for the year on owned assets | 6,600 | 13,877 | 39,037 | 13,345 | 72,859
| Charge for the year on financed assets | - | - | 14,333 | - | 14,333
| Disposals | - | (50,650) | (8,209) | - | (58,859)
| At 31 March 2025 | 91,300 | 133,336 | 262,746 | 46,355 | 533,737
| Net book value |  |  |  |  |
| At 31 March 2025 | 238,700 | 57,884 | 157,654 | 100,867 | 555,105
| At 31 March 2024 | 245,300 | 69,498 | 217,815 | 114,212 | 646,825
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | - | 57,330
|  | - | 57,330
Page 7
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 1,527 | 3,194
|  | 1,527 | 3,194
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 845,271 | 714,826
| Other debtors | 38,708 | 39,462
| Prepayments and accrued income | 61,034 | 89,826
| Amounts due from members | 694,963 | 648,606
|  | 1,639,976 | 1,492,720
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 660,723 | 918,586
| Other taxation and social security | 210,423 | 158,061
| Obligations under finance lease and hire purchase contracts | - | 15,600
| Accruals and deferred income | 28,497 | 32,398
|  | 899,643 | 1,124,645
Page 8
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Members' capital treated as debt | 56,323 | 56,323
| Other amounts due to members | 2,593,018 | 2,534,799
|  | 2,649,341 | 2,591,122
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 2,649,341 | 2,591,122
|  | 2,649,341 | 2,591,122
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
8. | Pension commitments
The entity 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 £10,659 (2024 - £9,214). Contributions totalling £565 (2024 - £674) were payable to the fund at the reporting date and are included in creditors.
9. | 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 | 1,849 | 1,215
| Later than 1 year and not later than 5 years | 6,933 | -
|  | 8,782 | 1,215
Page 9
MARINE & INDUSTRIAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Related party transactions
| During the period the LLP paid rent of £3,000 (2024: £2,500) to a member.
Page 10