Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 1 false 2024-04-01 No description of principal activity 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC383081 2024-04-01 2025-03-31 OC383081 2023-04-01 2024-03-31 OC383081 2025-03-31 OC383081 2024-03-31 OC383081 c:MotorVehicles 2024-04-01 2025-03-31 OC383081 c:MotorVehicles 2025-03-31 OC383081 c:MotorVehicles 2024-03-31 OC383081 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC383081 c:CurrentFinancialInstruments 2025-03-31 OC383081 c:CurrentFinancialInstruments 2024-03-31 OC383081 c:Non-currentFinancialInstruments 2025-03-31 OC383081 c:Non-currentFinancialInstruments 2024-03-31 OC383081 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC383081 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC383081 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC383081 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC383081 d:FRS102 2024-04-01 2025-03-31 OC383081 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC383081 d:FullAccounts 2024-04-01 2025-03-31 OC383081 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC383081 c:HirePurchaseContracts c:WithinOneYear 2025-03-31 OC383081 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 OC383081 c:HirePurchaseContracts c:BetweenOneFiveYears 2025-03-31 OC383081 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 OC383081 d:PartnerLLP1 2024-04-01 2025-03-31 OC383081 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC383081 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC383081 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC383081 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC383081 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC383081 BC LIVE LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
BC LIVE LLP REGISTERED NUMBER: OC383081 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 36,536 |  | 48,715
|  |  | 36,536 |  | 48,715
Current assets |  |  |  |  |
Debtors | 5 | 904,747 |  | 595,856 |
Cash at bank and in hand | 6 | 9,533 |  | - |
|  | 914,280 |  | 595,856 |
Creditors: Amounts Falling Due Within One Year | 7 | (183,931) |  | (38,300) |
Net current assets |  |  | 730,349 |  | 557,556
Total assets less current liabilities |  |  | 766,885 |  | 606,271
Creditors: amounts falling due after more than one year | 8 |  | - |  | (45,687)
|  |  | 766,885 |  | 560,584
Net assets |  |  | 766,885 |  | 560,584
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 10 |  | 516,885 |  | 310,584
|  |  | 516,885 |  | 310,584
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 250,000 |  | 250,000 |
|  |  | 250,000 |  | 250,000
|  |  | 766,885 |  | 560,584
Total members' interests |  |  |  |  |
Loans and other debts due to members | 10 |  | 516,885 |  | 310,584
Members' other interests |  |  | 250,000 |  | 250,000
|  |  | 766,885 |  | 560,584
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. Page 1
BC LIVE LLP REGISTERED NUMBER: OC383081 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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 on 15 January 2026.
Mr B Cox
Designated member
The notes on pages 4 to 9 form part of these financial statements. Page 2
BC LIVE LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| 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) | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £
Members' remuneration charged as an expense | - | - | 525,277 | 525,277 | 525,277
Members' interests after profit for the year | 250,000 | 250,000 | 27,315 | 27,315 | 277,315
Drawings on account and distribution of profit | - | - | 283,269 | 283,269 | 283,269
Amounts due to members |  |  | 310,584 | 310,584 |
Amounts due from members |  |  | - | - |
Balance at 31 March 2024 | 250,000 | 250,000 | 310,584 | 310,584 | 560,584
Members' remuneration charged as an expense | - | - | 652,613 | 652,613 | 652,613
Members' interests after profit for the year | 250,000 | 250,000 | 963,197 | 963,197 | 1,213,197
Amounts introduced by members | - | - | 516,886 | 516,886 | 516,886
Drawings on account and distribution of profit | - | - | (963,197) | (963,197) | (963,197)
Amounts due to members |  |  | 516,885 | 516,885 |
Amounts due from members |  |  | - | - |
Balance at 31 March 2025 | 250,000 | 250,000 | 516,885 | 516,885 | 766,885
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
BC LIVE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
BC Live LLP is a limited liability partnership incorporated in England and Wales. The address of the entity's registered office is 50 Liverpool Street, London, EC2M 7PY. 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 Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability 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 judgment in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 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. Page 4
BC LIVE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | Leased assets: the LLP as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
| 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.
| 2.6 | 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. Page 5
BC LIVE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% | Reducing Balance
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.
| 2.7 | 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.
| 2.8 | 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 | 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 persons (including members with contracts of employment) employed during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Average number of employees | 1 | 1
Page 6
BC LIVE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Motor vehicles
|  | £
| Cost or valuation |
| At 1 April 2024 | 98,976
| At 31 March 2025 | 98,976
| Depreciation |
| At 1 April 2024 | 50,261
| Charge for the year on financed assets | 12,179
| At 31 March 2025 | 62,440
| Net book value |
| At 31 March 2025 | 36,536
| At 31 March 2024 | 48,715
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 12,000
| Other debtors | 51,370 | 49,672
| Prepayments and accrued income | 853,377 | 534,184
|  | 904,747 | 595,856
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 9,533 | -
|  | 9,533 | -
Page 7
BC LIVE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,063 | 1,882
| Obligations under finance lease and hire purchase contracts | 51,000 | 17,891
| Accruals and deferred income | 131,868 | 18,527
|  | 183,931 | 38,300
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | - | 45,687
|  | - | 45,687
9. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 51,000 | 17,891
| Between 1-5 years | - | 45,687
|  | 51,000 | 63,578
Page 8
BC LIVE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 516,885 | 310,584
|  | 516,885 | 310,584
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 516,885 | 310,584
|  | 516,885 | 310,584
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
11. | Related party transactions
| Included in other debtors at the balance sheet date is an amount of £45,674 (2024: £3,178) due from a limited company of which a member is the director. The amount is in respect of advances net of expenses borne on behalf of the LLP. This amount is unsecured, interest free and repayable on demand.
Page 9