Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-30 2024-06-30 The principal object of the LLP is to provide accountancy, taxation and insolvency services in Gibraltar.2023-12-01 false 1 1 true true false OC379751 2023-12-01 2024-06-30 OC379751 2023-04-01 2023-11-30 OC379751 2024-06-30 OC379751 2023-11-30 OC379751 c:CurrentFinancialInstruments 2024-06-30 OC379751 c:CurrentFinancialInstruments 2023-11-30 OC379751 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 OC379751 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 OC379751 d:FRS102 2023-12-01 2024-06-30 OC379751 d:Audited 2023-12-01 2024-06-30 OC379751 d:FullAccounts 2023-12-01 2024-06-30 OC379751 d:LimitedLiabilityPartnershipLLP 2023-12-01 2024-06-30 OC379751 c:WithinOneYear 2024-06-30 OC379751 c:WithinOneYear 2023-11-30 OC379751 c:BetweenOneFiveYears 2024-06-30 OC379751 c:BetweenOneFiveYears 2023-11-30 OC379751 d:SmallCompaniesRegimeForAccounts 2023-12-01 2024-06-30 OC379751 d:PartnerLLP3 2023-12-01 2024-06-30 OC379751 c:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30 OC379751 c:FurtherSpecificReserve3ComponentTotalEquity 2023-11-30 OC379751 e:PoundSterling 2023-12-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: OC379751 SIMMONS GAINSFORD GIBRALTAR LLP FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 JUNE 2024
SIMMONS GAINSFORD GIBRALTAR LLP REGISTERED NUMBER: OC379751 BALANCE SHEET AS AT 30 JUNE 2024
|  | 30 June |  | 30 November
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 79,473 |  | 132,087 |
|  | 79,473 |  | 132,087 |
Creditors: Amounts Falling Due Within One Year | 5 | (85,915) |  | (51,818) |
Net current (liabilities)/assets |  |  | (6,442) |  | 80,269
Total assets less current liabilities |  |  | (6,442) |  | 80,269
Net (liabilities)/assets |  |  | (6,442) |  | 80,269
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 6 |  | (6,442) |  | 80,269
|  |  | (6,442) |  | 80,269
|  |  | (6,442) |  | 80,269
Total members' interests |  |  |  |  |
Loans and other debts due to members | 6 |  | (6,442) |  | 80,269
|  |  | (6,442) |  | 80,269
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SIMMONS GAINSFORD GIBRALTAR LLP REGISTERED NUMBER: OC379751 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2024 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. 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 11 December 2025.
D Pumfrey on behalf of Simmons Gainsford LLP
Designated member
The notes on pages 4 to 7 form part of these financial statements. Page 2
SIMMONS GAINSFORD GIBRALTAR LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE PERIOD ENDED 30 JUNE 2024
| DEBT Loans and other debts due to members less any amounts due from members in debtors
| Other amounts | Total
| £ | £
Amounts due to members | 135,562 | 135,562
Balance at 1 April 2023 | 135,562 | 135,562
Members' remuneration charged as an expense | 147,483 | 147,483
Members' interests after profit for the period | 283,045 | 283,045
Drawings on account and distribution of profit | (202,776) | (202,776)
Amounts due to members | 80,269 | 80,269
Balance at 30 November 2023 | 73,827 | 73,827
Members' remuneration charged as an expense | 21,556 | 21,556
Members' interests after profit for the period | 95,383 | 95,383
Drawings on account and distribution of profit | (101,825) | (101,825)
Amounts due to members | (6,442) | (6,442)
Balance at 30 June 2024 | (6,442) | (6,442)
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.
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SIMMONS GAINSFORD GIBRALTAR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
1. | General information
Simmons Gainsford Gibraltar LLP is a limited liability partnership, incorporated in England and Wales, registration number OC379751. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. The company has amended its financial reporting date to align with the group reporting date following the change in ownership on 6 December 2023. The comparative figures relate to the 8 months ended 30 November 2023. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. The principal object of the LLP is to provide accountancy and taxation services in Gibraltar. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
On 6th December 2023, the LLP entered into a conditional contract to transfer its assets, liabilities and trading activities to Simmons Gainsford Holdings (Gibraltar) Limited, a Gibraltarian registered entity. The transaction is subject to Simmons Gainsford Holdings (Gibraltar) Limited obtaining regulatory approval by the Gibraltar Financial Services Commission, and until such time as that approval is received, the LLP continues to trade and remains a going concern and the accounts have been prepared on this basis.
| 2.3 | Revenue
Turnover comprises revenue recognised in respect of services supplied, exclusive of Value Added Tax and trade discounts. Where the LLP has incomplete contracts at the period end, income and expenditure for these contracts is recognised so that it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the value of the work performed. Revenue not billed to clients is included in debtors and payments in excess of the relevant amount of revenue are included in creditors. Page 4
SIMMONS GAINSFORD GIBRALTAR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 2.Accounting policies (continued)
| 2.4 | 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 .
| 2.5 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.6 | Creditors
Short term creditors are measured at the transaction price.
| 2.7 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to the Statement of comprehensive income 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.
| 2.8 | 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 Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.9 | Taxation
No provision for taxation on the profits of the LLP has been made in the financial statements. Each member is exclusively liable for any tax liabilities arising out of their interest in the LLP, which will be assessed on the individual members and not the LLP. Page 5
SIMMONS GAINSFORD GIBRALTAR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
3. | Employees
| The average monthly number of employees, excluding members, during the period was 1 (2023 - 1).
4. | Debtors
|  |  |  |  | 30 June | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 11,970 | 92,807
| Other debtors | 59,969 | 34,837
| Prepayments and accrued income | 7,534 | 4,443
|  | 79,473 | 132,087
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 30 June | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 166 | 158
| Amounts owed to group undertakings | - | 50,451
| Other creditors | 81,474 | -
| Accruals and deferred income | 4,275 | 1,209
|  | 85,915 | 51,818
6. | Loans and other debts due to members
|  |  |  |  | 30 June | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other amounts due to members | (6,442) | 80,269
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. Page 6
SIMMONS GAINSFORD GIBRALTAR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
7. | 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 £910 (2023 - £1,040). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
8. | Commitments under operating leases
| At 30 June 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 30 June | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 16,800 | 12,600
| Later than 1 year and not later than 5 years | 33,600 | -
|  | 50,400 | 12,600
9. | Auditors' information
The auditors' report on the financial statements for the period ended 30 June 2024 was unqualified. The audit report was signed on 11 December 2025 by Richard Appleyard (Senior statutory auditor) on behalf of GMP Audit Limited.
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