Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-30 2024-09-30 0 false No description of principal activity false 0 2023-09-28 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC449285 2023-09-28 2024-09-30 OC449285 2022-09-28 2023-09-27 OC449285 2024-09-30 OC449285 2023-09-27 OC449285 c:FurnitureFittings 2023-09-28 2024-09-30 OC449285 c:FurnitureFittings 2024-09-30 OC449285 c:FurnitureFittings 2023-09-27 OC449285 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-09-28 2024-09-30 OC449285 c:OtherPropertyPlantEquipment 2023-09-28 2024-09-30 OC449285 c:OtherPropertyPlantEquipment 2024-09-30 OC449285 c:OtherPropertyPlantEquipment 2023-09-27 OC449285 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-09-28 2024-09-30 OC449285 c:OwnedOrFreeholdAssets 2023-09-28 2024-09-30 OC449285 c:FreeholdInvestmentProperty 2023-09-28 2024-09-30 OC449285 c:FreeholdInvestmentProperty 2024-09-30 OC449285 c:FreeholdInvestmentProperty 2023-09-27 OC449285 c:CurrentFinancialInstruments 2024-09-30 OC449285 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 OC449285 d:FRS102 2023-09-28 2024-09-30 OC449285 d:AuditExempt-NoAccountantsReport 2023-09-28 2024-09-30 OC449285 d:FullAccounts 2023-09-28 2024-09-30 OC449285 d:LimitedLiabilityPartnershipLLP 2023-09-28 2024-09-30 OC449285 2 2023-09-28 2024-09-30 OC449285 d:PartnerLLP1 2023-09-28 2024-09-30 OC449285 d:PartnerLLP2 2023-09-28 2024-09-30 OC449285 e:PoundSterling 2023-09-28 2024-09-30 iso4217:GBP xbrli:pure

Registered number: OC449285 REI RIDER INDUSTRIES LLP UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024
REI RIDER INDUSTRIES LLP CONTENTS
| Page
Information | 1
Balance sheet | 2
Reconciliation of members' interests | 3
Notes to the financial statements | 4 - 9
REI RIDER INDUSTRIES LLP INFORMATION
Designated members | D W Hershman
| E G Hershman
LLP registered number | OC449285
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: OC449285
REI RIDER INDUSTRIES LLP BALANCE SHEET AS AT 30 SEPTEMBER 2024
|  | 2024
Note |  | £
Fixed assets |  |  |
Tangible assets | 5 |  | 70,217
Investment property | 6 |  | 2,453,600
|  |  | 2,523,817
Creditors: amounts falling due within one year | 7 | (2,449,632) |
Net current liabilities |  |  | (2,449,632)
Net assets attributable to members |  |  | 74,185
Represented by: |  |  |
Loans and other debts due to members within one year |  |  |
Other amounts due to members | 8 |  | 74,185
Total members' interests |  |  |
Loans and other debts due to members | 8 |  | 74,185
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:
D W Hershman
Designated member
Date: 16 January 2025
The notes on pages 4 to 9 form part of these financial statements. REI Rider Industries 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
REI RIDER INDUSTRIES LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024
| Members' other interests | Loans and other debts due to members less any amounts due from members in debtor | Total
| £ | £ | £
At Incorporation | - | - | -
Loss for the period available for discretionary division among members | (72,228) | - | (72,228)
Members' interests after loss for the period | (72,228) | - | (72,228)
Other division of losses | 72,228 | (72,228) | -
Amounts introduced by members | - | 146,413 | 146,413
Amounts due to members |  | 74,185 |
Amounts due from members |  | - |
Balance at 30 September 2024 | - | 74,185 | 74,185
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 3
REI RIDER INDUSTRIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024
1. | General information
REI Rider Industries 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. The members present the financial statements for the period from 28 September 2023 (incorporation) to 30 September 2024. The financial statements are presented in Sterling (£), which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
After making enquiries, the designated members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 2.3 | 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. At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The LLP adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the LLP. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Page 4
REI RIDER INDUSTRIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
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:
|  |  |  | Fixtures and fittings | - | 25% |
|  |  |  | Other fixed assets | - | 25% |
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.
| 2.4 | Financial instruments
The LLP 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 LLP 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 LLP after deducting all of its liabilities. The LLP’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets 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. Financial liabilities Basic financial liabilities, including 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. Page 5
REI RIDER INDUSTRIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024 2.Accounting policies (continued)
|  | Financial instruments (continued)
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 LLP 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.
| 2.5 | Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 6
REI RIDER INDUSTRIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024 2.Accounting policies (continued)
| 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 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.
3. | Employees
| The entity has no employees.
4. | Taxation
No tax liability is provided within these financial statements as tax will be assessed separately under the Partnership Rules.
5. | Tangible fixed assets
|  | Fixtures and fittings | Other fixed assets | Total
|  | £ | £ | £
| Cost |  |  |
| At 28 September 2023 | - | - | -
| Additions | 20,409 | 66,803 | 87,212
| At 30 September 2024 | 20,409 | 66,803 | 87,212
| Depreciation |  |  |
| At 28 September 2023 | - | - | -
| Charge for the period | 2,039 | 14,956 | 16,995
| At 30 September 2024 | 2,039 | 14,956 | 16,995
| Net book value |  |  |
| At 30 September 2024 | 18,370 | 51,847 | 70,217
Page 7
REI RIDER INDUSTRIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 28 September 2023 | -
| Additions at cost | 2,453,600
| At 30 September 2024 | 2,453,600
The 2024 valuations were made by the designated members, on an open market value basis.
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2024
|  |  |  |  | £
| Other creditors | 2,438,682
| Accruals | 10,950
|  | 2,449,632
8. | Loans and other debts due to members
|  |  |  |  | 2024
|  |  |  |  | £
| Other amounts due to members | 74,185
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2024
|  |  |  |  | £
| Falling due within one year | 74,185
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. Page 8
REI RIDER INDUSTRIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024
9. | Related party transactions
| At the period end included in other creditors is an amount of £2,438,682 due to The Seven Non Exempt Trust. This loan is unsecured and there are no formal terms and conditions regarding the repayment of the loan.
Page 9