Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-30 2024-11-30 false 0 false 0 true 2023-12-01 No description of principal activity true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC419913 2023-12-01 2024-11-30 OC419913 2022-12-01 2023-11-30 OC419913 2024-11-30 OC419913 2023-11-30 OC419913 c:CurrentFinancialInstruments 2024-11-30 OC419913 c:CurrentFinancialInstruments 2023-11-30 OC419913 c:CurrentFinancialInstruments c:WithinOneYear 2024-11-30 OC419913 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 OC419913 d:FRS102 2023-12-01 2024-11-30 OC419913 d:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 OC419913 d:FullAccounts 2023-12-01 2024-11-30 OC419913 d:LimitedLiabilityPartnershipLLP 2023-12-01 2024-11-30 OC419913 2 2023-12-01 2024-11-30 OC419913 6 2023-12-01 2024-11-30 OC419913 d:PartnerLLP1 2023-12-01 2024-11-30 OC419913 d:PartnerLLP3 2023-12-01 2024-11-30 OC419913 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-11-30 OC419913 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-11-30 OC419913 c:FurtherSpecificReserve3ComponentTotalEquity 2024-11-30 OC419913 c:FurtherSpecificReserve3ComponentTotalEquity 2023-11-30 OC419913 e:USDollar 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: OC419913 CONSTANTINE GLOBAL LLP UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
CONSTANTINE GLOBAL LLP CONTENTS
| Page
Information | 1
Balance sheet | 2 - 3
Reconciliation of members' interests | 4
Notes to the financial statements | 5 - 9
CONSTANTINE GLOBAL LLP INFORMATION
Designated Members | Kings Co Limited
| MyLady Co Limited
LLP registered number | OC419913
Registered office | 16 Great Queen Street Covent Garden London WC2B 5AH
Accountants | Blick Rothenberg Limited Chartered Accountants 16 Great Queen Street Covent Garden London WC2B 5AH
Page 1
|  | REGISTERED NUMBER:OC419913
CONSTANTINE GLOBAL LLP BALANCE SHEET AS AT 30 NOVEMBER 2024
|  | 2024 |  | 2023
Note |  | $000 |  | $000
Fixed assets |  |  |  |  |
Investments | 4 |  | 168,996 |  | 206,426
Current assets |  |  |  |  |
Cash at bank and in hand |  | 5,602 |  | 6 |
Creditors: amounts falling due within one year | 5 | (128) |  | (134) |
Net current assets/(liabilities) |  |  | 5,474 |  | (128)
Net assets |  |  | 174,470 |  | 206,298
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability | 6 |  | 303 |  | 273
Other amounts | 6 |  | 25,979 |  | 57,837
|  |  | 26,282 |  | 58,110
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 148,188 |  | 148,188 |
|  |  | 148,188 |  | 148,188
|  |  | 174,470 |  | 206,298
Total members' interests |  |  |  |  |
Loans and other debts due to members | 6 |  | 26,282 |  | 58,110
Members' other interests |  |  | 148,188 |  | 148,188
|  |  | 174,470 |  | 206,298
Page 2
|  | REGISTERED NUMBER:OC419913
CONSTANTINE GLOBAL LLP BALANCE SHEET (CONTINUED) AS AT 30 NOVEMBER 2024 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:
Kings Co Limited | MyLady Co Limited
Designated member | Designated member
Date: 28 November 2025 | Date: 28 November 2025
The notes on pages 5 to 9 form part of these financial statements. Constantine Global 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 3
CONSTANTINE GLOBAL LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 30 NOVEMBER 2024
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Other reserves | Total | Members' capital (classified as debt) | Other amounts | Total | Total
| $000 | $000 | $000 | $000 | $000 | $000 | $000
Amounts due to members |  |  |  | 241 | 43,107 | 43,348 |
Balance at 1 December 2022 | 148,188 | - | 148,188 | 241 | 43,107 | 43,348 | 191,536
Profit for the year available for discretionary division among members | - | 29,115 | 29,115 | - | - | - | 29,115
Members' interests after profit for the year | 148,188 | 29,115 | 177,303 | 241 | 43,107 | 43,348 | 220,651
Other division of profits | - | - | - | - | 29,115 | 29,115 | 29,115
Movement in reserves | - | (29,115) | (29,115) | - | - | - | (29,115)
Amounts introduced by members | - | - | - | 31 | - | 31 | 31
Drawings on account and distribution of profit | - | - | - | - | (14,385) | (14,385) | (14,385)
Amounts due to members |  |  |  | 273 | 57,837 | 58,110 |
Balance at 30 November 2023 | 148,188 | - | 148,188 | 273 | 57,837 | 58,110 | 206,298
Loss for the year available for discretionary division among members | - | (7,198) | (7,198) | - | - | - | (7,198)
Members' interests after profit for the year | 148,188 | (7,198) | 140,990 | 273 | 57,837 | 58,110 | 199,100
Other division of losses | - | - | - | - | (7,198) | (7,198) | (7,198)
Movement in reserves | - | 7,198 | 7,198 | - | - | - | 7,198
Amounts introduced by members | - | - | - | 31 | - | 31 | 31
Drawings on account and distribution of profit | - | - | - | - | (24,659) | (24,659) | (24,659)
Amounts due to members |  |  |  | 303 | 25,979 | 26,282 |
Balance at 30 November 2024 | 148,188 | - | 148,188 | 304 | 25,979 | 26,283 | 174,471
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 4
CONSTANTINE GLOBAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
1. | General information
Constantine Global LLP ("the LLP") is a limited liability partnership, incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH. Monetary amounts in these financial statements are rounded to the nearest $'000. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The LLP has adequate financial resources and, as a consequence, the designated members believe that the LLP is well placed to manage its business risks successfully. After making enquiries, the designated members have a reasonable expectation that the LLP has adequate resources to continue its operational existence and meet its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The LLP's functional currency is Brazilian Real. This differs from the presentational currency which is US Dollars ("$"). The reason for the difference is that investment portfolios in prior years were held in $ and may change to $ in future. 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 profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 5
CONSTANTINE GLOBAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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 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. 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.
| 2.6 | Valuation of investments
Investments in unlisted shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period.
| 2.7 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 company after deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including other debtors, and cash and bank balances, are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Page 6
CONSTANTINE GLOBAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 2.Accounting policies (continued)
| 2.7 | Financial instruments (continued)
Financial liabilities Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets 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. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the 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. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities 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. Page 7
CONSTANTINE GLOBAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 2.Accounting policies (continued)
| 2.8 | 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.
| 2.9 | Members' participation rights
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 FRS 102. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the profit and loss account in the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities in the balance sheet. Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet. All amounts due to members that are classified as liabilities are presented in the balance sheet within 'loans and other debts due to members' and are charged to the profit and loss account within 'members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'. The terms of the members' agreement require that capital be returned to a member on his or her retirement. Capital is accordingly accounted for as a liability of the LLP. Each member may lend money to the LLP on such terms as shall be agreed between the relevant member and the LLP.
3. | Employees
| The entity has no employees.
Page 8
CONSTANTINE GLOBAL LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
4. | Fixed asset investments
|  | Unlisted investments
|  | $000
| Valuation |
| At 1 December 2023 | 206,426
| Additions | 12,881
| Disposals | (12,986)
| Revaluations | (37,325)
| At 30 November 2024 | 168,996
5. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | $000 | $000
| Other creditors | - | 9
| Accruals | 128 | 125
|  | 128 | 134
6. | Loans and other debts due to members
|  |  |  |  | 2024 | 2023
|  |  |  |  | $000 | $000
| Members' capital treated as debt | 303 | 273
| Other amounts due to members | 25,979 | 57,837
|  | 26,282 | 58,110
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | $000 | $000
| Falling due within one year | 26,282 | 58,110
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 9