Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 0 false 2024-11-01 No description of principal activity 0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC419469 2024-11-01 2025-03-31 OC419469 2023-01-01 2024-10-31 OC419469 2025-03-31 OC419469 2024-10-31 OC419469 c:FurnitureFittings 2024-11-01 2025-03-31 OC419469 c:FurnitureFittings 2025-03-31 OC419469 c:FurnitureFittings 2024-10-31 OC419469 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-11-01 2025-03-31 OC419469 c:CurrentFinancialInstruments 2025-03-31 OC419469 c:CurrentFinancialInstruments 2024-10-31 OC419469 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC419469 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 OC419469 d:FRS102 2024-11-01 2025-03-31 OC419469 d:AuditExempt-NoAccountantsReport 2024-11-01 2025-03-31 OC419469 d:FullAccounts 2024-11-01 2025-03-31 OC419469 d:LimitedLiabilityPartnershipLLP 2024-11-01 2025-03-31 OC419469 d:PartnerLLP2 2024-11-01 2025-03-31 OC419469 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC419469 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-10-31 OC419469 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC419469 c:FurtherSpecificReserve3ComponentTotalEquity 2024-10-31 OC419469 e:PoundSterling 2024-11-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC419469 KEVIN JAMES SMITH WEALTH MANAGERS LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 MARCH 2025
KEVIN JAMES SMITH WEALTH MANAGERS LLP CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 6
KEVIN JAMES SMITH WEALTH MANAGERS LLP REGISTERED NUMBER: OC419469 BALANCE SHEET AS AT 31 MARCH 2025
|  | 31 March |  | 31 October
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,638 |  | 2,054
|  |  | 1,638 |  | 2,054
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 2,949 |  | 1,094 |
Cash at bank and in hand | 6 | 84,245 |  | 80,825 |
|  | 87,194 |  | 81,919 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,463) |  | (2,276) |
Net current assets |  |  | 83,731 |  | 79,643
Total assets less current liabilities |  |  | 85,369 |  | 81,697
Net assets |  |  | 85,369 |  | 81,697
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts |  |  | 55,369 |  | 51,697
|  |  | 55,369 |  | 51,697
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 30,000 |  | 30,000 |
|  |  | 30,000 |  | 30,000
|  |  | 85,369 |  | 81,697
Total members' interests |  |  |  |  |
Loans and other debts due to members |  |  | 55,369 |  | 51,697
Members' other interests |  |  | 30,000 |  | 30,000
|  |  | 85,369 |  | 81,697
Page 1
KEVIN JAMES SMITH WEALTH MANAGERS LLP REGISTERED NUMBER: OC419469 BALANCE SHEET (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 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 12 January 2026.
K J Smith
Designated member
The notes on pages 3 to 6 form part of these financial statements. Kevin James Smith Wealth Managers 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
KEVIN JAMES SMITH WEALTH MANAGERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
Kevin James Smith Wealth Managers LLP is registered in England and Wales. The LLP'S registered number is OC419469 and the registered office is 53 Gowerton Road, Three Crosses, Swansea, SA4 3PY. The presentation currency of the financial statements is the Pound Sterling (£). The financial statements are rounded to the nearest pound. 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 | Significant judgement and estimates
IIn the application of the LLP’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements that the members have made in the process of applying the LLP’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Impairment of Assets Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement. Provisions and Contingencies Provisions are recognised when the LLP has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable. Page 3
KEVIN JAMES SMITH WEALTH MANAGERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Turnover
Turnover represents commissions received and the net invoiced sale of services provided during the year. Invoiced services are recognised in the period to which the services relate whislt commission is recognised on receipt.
| 2.4 | 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:
|  |  |  | Fixtures and fittings | - | 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.
| 2.5 | Financial Instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilites like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
3. | Employees
| The average number of employees during the period was NIL (2024: NIL)
Page 4
KEVIN JAMES SMITH WEALTH MANAGERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 November 2024 | 4,378
| At 31 March 2025 | 4,378
| Depreciation |
| At 1 November 2024 | 2,324
| Charge for the period on owned assets | 416
| At 31 March 2025 | 2,740
| Net book value |
| At 31 March 2025 | 1,638
| At 31 October 2024 | 2,054
Page 5
KEVIN JAMES SMITH WEALTH MANAGERS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 31 March | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 2,949 | 1,094
|  | 2,949 | 1,094
6. | Cash and cash equivalents
|  |  |  |  | 31 March | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 84,245 | 80,825
|  | 84,245 | 80,825
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 3,463 | 2,276
|  | 3,463 | 2,276
8. | Loans and other debts due to members
The loans and other debts due to members rank pari passu with other creditors.
Page 6