Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 14 12 true true 2024-04-01 false Management Services The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC304044 2024-04-01 2025-03-31 OC304044 2023-04-01 2024-03-31 OC304044 2025-03-31 OC304044 2024-03-31 OC304044 c:Buildings 2024-04-01 2025-03-31 OC304044 c:Buildings 2025-03-31 OC304044 c:Buildings 2024-03-31 OC304044 c:Buildings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC304044 c:PlantMachinery 2024-04-01 2025-03-31 OC304044 c:PlantMachinery 2025-03-31 OC304044 c:PlantMachinery 2024-03-31 OC304044 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC304044 c:MotorVehicles 2024-04-01 2025-03-31 OC304044 c:MotorVehicles 2025-03-31 OC304044 c:MotorVehicles 2024-03-31 OC304044 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC304044 c:FurnitureFittings 2024-04-01 2025-03-31 OC304044 c:FurnitureFittings 2025-03-31 OC304044 c:FurnitureFittings 2024-03-31 OC304044 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC304044 c:OfficeEquipment 2024-04-01 2025-03-31 OC304044 c:OfficeEquipment 2025-03-31 OC304044 c:OfficeEquipment 2024-03-31 OC304044 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC304044 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC304044 c:CurrentFinancialInstruments 2025-03-31 OC304044 c:CurrentFinancialInstruments 2024-03-31 OC304044 d:FRS102 2024-04-01 2025-03-31 OC304044 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC304044 d:FullAccounts 2024-04-01 2025-03-31 OC304044 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC304044 2 2024-04-01 2025-03-31 OC304044 d:PartnerLLP1 2024-04-01 2025-03-31 OC304044 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC304044 GLEBE CORPORATE LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 MARCH 2025
GLEBE CORPORATE LLP REGISTERED NUMBER: OC304044 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets | 4 |  | 7,293,977 |  | 7,940,479
|  |  | 7,293,977 |  | 7,940,479
Current assets |  | 1,521,667 |  | 2,086,545 |
Creditors: amounts falling due within one year | 7 | (823,784) |  | (331,903) |
Net current assets |  |  | 697,883 |  | 1,754,642
Total assets less current liabilities |  |  | 7,991,860 |  | 9,695,121
Net assets attributable to members |  |  | 7,991,860 |  | 9,695,121
Total members' interests |  |  | 7,991,860 |  | 9,695,121
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 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 8 January 2026.
Sir Christopher Thomas Evans
Designated member
The notes on pages 2 to 6 form part of these financial statements. Page 1
GLEBE CORPORATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
Glebe Corporate LLP is a Limited Liability Partnership incorporated in England and Wales. The address of the registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF. 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 | 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.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | 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. Page 2
GLEBE CORPORATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in . 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 | 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straightline
|  |  |  | Plant & machinery | - | 24% | straightline
|  |  |  | Motor vehicles | - | 25% | straightline
|  |  |  | Fixtures & fittings | - | 24% | straightline
|  |  |  | Office equipment | - | 24% | straightline
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. Page 3
GLEBE CORPORATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 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 | 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.
| 2.10 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The average monthly number of employees, including directors, during the period was 12 (2024 - 14).
Page 4
GLEBE CORPORATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property | Plant & machinery | Motor vehicles | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 April 2024 | 10,939,972 | 564,393 | 269,469 | 4,562,961 | 296,827 | 16,633,622
| Additions | - | 24,078 | - | 15,998 | - | 40,076
| At 31 March 2025 | 10,939,972 | 588,471 | 269,469 | 4,578,959 | 296,827 | 16,673,698
| Depreciation |  |  |  |  |  |
| At 1 April 2024 | 3,775,626 | 483,177 | 195,719 | 3,968,027 | 270,593 | 8,693,142
| Charge for the period on owned assets | 218,799 | 80,782 | 23,195 | 353,379 | 10,424 | 686,579
| At 31 March 2025 | 3,994,425 | 563,959 | 218,914 | 4,321,406 | 281,017 | 9,379,721
| Net book value |  |  |  |  |  |
| At 31 March 2025 | 6,945,547 | 24,512 | 50,555 | 257,553 | 15,810 | 7,293,977
| At 31 March 2024 | 7,164,346 | 81,216 | 73,751 | 594,934 | 26,233 | 7,940,480
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 68,000 | 68,000
| Amounts owed by joint ventures and associated undertakings | - | 465,987
| Other debtors | 182,969 | 421,161
| Prepayments and accrued income | 1,252,122 | 1,060,000
|  | 1,503,091 | 2,015,148
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 18,576 | 71,396
Page 5
GLEBE CORPORATE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 59,159 | 59,769
| Amounts owed to associated undertakings | 278,115 | -
| Other taxation and social security | 193,999 | 237,934
| Other creditors | 279,611 | 10,000
| Accruals and deferred income | 12,900 | 24,200
|  | 823,784 | 331,903
8. | Pension commitments
The company contributes to defined contribution pension schemes for certain directors and employees. The pension charge represents amounts paid by the company to the schemes and totalled £8,996 (2024: £6,888). There were no amounts outstanding at the balance sheet date (2024: £1,567).
Page 6