Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false false Software 2024-04-01 8 6 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC430541 2024-04-01 2025-03-31 OC430541 2023-04-01 2024-03-31 OC430541 2025-03-31 OC430541 2024-03-31 OC430541 c:MotorVehicles 2024-04-01 2025-03-31 OC430541 c:MotorVehicles 2025-03-31 OC430541 c:MotorVehicles 2024-03-31 OC430541 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC430541 c:OfficeEquipment 2024-04-01 2025-03-31 OC430541 c:OfficeEquipment 2025-03-31 OC430541 c:OfficeEquipment 2024-03-31 OC430541 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC430541 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC430541 c:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 OC430541 c:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 OC430541 c:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 OC430541 c:CurrentFinancialInstruments 2025-03-31 OC430541 c:CurrentFinancialInstruments 2024-03-31 OC430541 c:Non-currentFinancialInstruments 2025-03-31 OC430541 c:Non-currentFinancialInstruments 2024-03-31 OC430541 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC430541 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC430541 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC430541 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC430541 d:FRS102 2024-04-01 2025-03-31 OC430541 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC430541 d:FullAccounts 2024-04-01 2025-03-31 OC430541 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC430541 c:PatentsTrademarksLicencesConcessionsSimilar c:OwnedIntangibleAssets 2024-04-01 2025-03-31 OC430541 d:PartnerLLP1 2024-04-01 2025-03-31 OC430541 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC430541 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC430541 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC430541 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC430541 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company Registration Number: OC430541 MAXLOGIC LLP UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2025
MAXLOGIC LLP REGISTERED NUMBER: OC430541 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 109,437 |  | 123,027
Tangible assets | 5 |  | 52,054 |  | 17,732
|  |  | 161,491 |  | 140,759
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 6 | 228,066 |  | - |
Debtors: amounts falling due within one year | 6 | 872,920 |  | 563,185 |
Cash at bank and in hand | 7 | 166,306 |  | 179,714 |
|  | 1,267,292 |  | 742,899 |
Creditors: Amounts Falling Due Within One Year | 8 | (871,085) |  | (621,028) |
Net current assets |  |  | 396,207 |  | 121,871
Total assets less current liabilities |  |  | 557,698 |  | 262,630
Creditors: amounts falling due after more than one year | 9 |  | (249,054) |  | (9,136)
|  |  | 308,644 |  | 253,494
Net assets |  |  | 308,644 |  | 253,494
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts |  |  | 307,644 |  | 252,494
|  |  | 307,644 |  | 252,494
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 1,000 |  | 1,000 |
|  |  | 1,000 |  | 1,000
|  |  | 308,644 |  | 253,494
Total members' interests |  |  |  |  |
Loans and other debts due to members |  |  | 307,644 |  | 252,494
Members' other interests |  |  | 1,000 |  | 1,000
|  |  | 308,644 |  | 253,494
Page 1
MAXLOGIC LLP REGISTERED NUMBER: OC430541 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The LLP 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 LLP 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 21 January 2026.
Mr E N Cohn
Designated member
The notes on pages 4 to 9 form part of these financial statements. Page 2
MAXLOGIC 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) | Other reserves | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £ | £
Profit for the year available for discretionary division among members | - | 247,321 | 247,321 | - | - | 247,321
Members' interests after profit for the year | 1,000 | 247,321 | 248,321 | 224,027 | 224,027 | 472,348
Other division of profits | - | (247,321) | (247,321) | 247,321 | 247,321 | -
Drawings on account and distribution of profit | - | - | - | (218,854) | (218,854) | (218,854)
Amounts due to members |  |  |  | 252,494 | 252,494 |
Amounts due from members |  |  |  | - | - |
Balance at 31 March 2024 | 1,000 | - | 1,000 | 252,494 | 252,494 | 253,494
Profit for the year available for discretionary division among members | - | 436,438 | 436,438 | - | - | 436,438
Members' interests after profit for the year | 1,000 | 436,438 | 437,438 | 252,494 | 252,494 | 689,932
Other division of profits | - | (436,438) | (436,438) | 436,438 | 436,438 | -
Drawings on account and distribution of profit | - | - | - | (381,287) | (381,287) | (381,287)
Amounts due to members |  |  |  | 307,644 | 307,644 |
Amounts due from members |  |  |  | - | - |
Balance at 31 March 2025 | 1,000 | - | 1,000 | 307,644 | 307,644 | 308,644
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
MAXLOGIC LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The LLP is registered in England and Wales. The address of the registered office is Clockwise, Yorkshire House, Greek Street, Leeds, West Yorkshire, LS1 5SH. 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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 | 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 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 4
MAXLOGIC 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: Sale of goods Revenue 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 revenue 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 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 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to profit or loss 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 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. Page 5
MAXLOGIC LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .
| 2.8 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Licences - Pre 31.03.2022 | - | 5 | years
|  |  |  | Licences - Post 01.04.2022 | - | 10 | years
| 2.9 | 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 20% |
|  |  |  | Office equipment | - | 33% |
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.
| 2.10 | 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 6
MAXLOGIC LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | 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.
| 2.12 | 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 8 (2024 - 6).
4. | Intangible assets
|  | Development costs
|  | £
| Cost |
| At 1 April 2024 | 168,457
| On acquisition of licences | 8,090
| At 31 March 2025 | 176,547
| Amortisation |
| At 1 April 2024 | 45,430
| Charge for the year on owned assets | 21,680
| At 31 March 2025 | 67,110
| Net book value |
| At 31 March 2025 | 109,437
| At 31 March 2024 | 123,027
Page 7
MAXLOGIC LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | - | 49,176 | 49,176
| Additions | 33,335 | 15,932 | 49,267
| At 31 March 2025 | 33,335 | 65,108 | 98,443
| Depreciation |  |  |
| At 1 April 2024 | - | 31,444 | 31,444
| Charge for the year on owned assets | 4,194 | 10,751 | 14,945
| At 31 March 2025 | 4,194 | 42,195 | 46,389
| Net book value |  |  |
| At 31 March 2025 | 29,141 | 22,913 | 52,054
| At 31 March 2024 | - | 17,732 | 17,732
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Deferred costs | 228,066 | -
|  | 228,066 | -
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 392,539 | 348,293
| Other debtors | 336,464 | 193,964
| Prepayments and accrued income | 143,917 | 20,928
|  | 872,920 | 563,185
Page 8
MAXLOGIC LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 166,306 | 179,714
|  | 166,306 | 179,714
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 5,000 | 5,000
| Deferred income | 687,379 | 492,573
| Trade creditors | 77,640 | 16,868
| Other taxation and social security | 39,449 | 62,533
| Other creditors | 3,465 | 2,689
| Accruals | 58,152 | 41,365
|  | 871,085 | 621,028
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 4,108 | 9,136
| Deferred income | 244,946 | -
|  | 249,054 | 9,136
10. | Related party transactions
| Amounts totalling £12,495 (2024 - £10,345) are disclosed in other debtors as owing from related companies. This is broken down as follows:- MaxLogic Holdings Ltd - £1,120, MaxLogic Apac Pte Limited - £9,487 (2024 - £9,357) and Maxlogic Group Limited - £1,888 (2024 - £988).
Page 9