Caseware UK (AP4) 2025.0.111 2025.0.111 2024-03-31 2024-03-31 false 2023-07-16 No description of principal activity 2 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC428125 2023-07-16 2024-03-31 OC428125 2022-07-16 2023-07-15 OC428125 2024-03-31 OC428125 2023-07-15 OC428125 c:CurrentFinancialInstruments 2024-03-31 OC428125 c:CurrentFinancialInstruments 2023-07-15 OC428125 c:Non-currentFinancialInstruments 2024-03-31 OC428125 c:Non-currentFinancialInstruments 2023-07-15 OC428125 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC428125 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-15 OC428125 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC428125 c:Non-currentFinancialInstruments c:AfterOneYear 2023-07-15 OC428125 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC428125 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-07-15 OC428125 d:FRS102 2023-07-16 2024-03-31 OC428125 d:AuditExempt-NoAccountantsReport 2023-07-16 2024-03-31 OC428125 d:FullAccounts 2023-07-16 2024-03-31 OC428125 d:LimitedLiabilityPartnershipLLP 2023-07-16 2024-03-31 OC428125 d:PartnerLLP2 2023-07-16 2024-03-31 OC428125 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC428125 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-07-15 OC428125 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC428125 c:FurtherSpecificReserve2ComponentTotalEquity 2023-07-15 OC428125 e:PoundSterling 2023-07-16 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC428125 KRRISH ASSETS LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 MARCH 2024
KRRISH ASSETS LLP REGISTERED NUMBER: OC428125 BALANCE SHEET AS AT 31 MARCH 2024
|  | 31 March |  | 15 July
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks |  | 5,206,610 |  | 5,206,610 |
Debtors: amounts falling due within one year | 3 | 140,751 |  | 282,719 |
Cash at bank and in hand | 4 | 2,174 |  | 509 |
|  | 5,349,535 |  | 5,489,838 |
Creditors: Amounts Falling Due Within One Year | 5 | (480,636) |  | (425,755) |
Net current assets |  |  | 4,868,899 |  | 5,064,083
Total assets less current liabilities |  |  | 4,868,899 |  | 5,064,083
Creditors: amounts falling due after more than one year | 6 |  | (5,920,250) |  | (5,950,000)
|  |  | (1,051,351) |  | (885,917)
Net liabilities |  |  | (1,051,351) |  | (885,917)
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 47,331 |  | 47,331 |
Other reserves classified as equity |  | (1,098,682) |  | (933,248) |
|  |  | (1,051,351) |  | (885,917)
|  |  | (1,051,351) |  | (885,917)
Total members' interests |  |  |  |  |
Members' other interests |  |  | (1,051,351) |  | (885,917)
|  |  | (1,051,351) |  | (885,917)
Page 1
KRRISH ASSETS LLP REGISTERED NUMBER: OC428125 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 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 27 June 2026.
Kartik Holdings Limited
Designated member
The notes on pages 3 to 6 form part of these financial statements. Krrish Assets 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
KRRISH ASSETS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
1. | General information
Krrish Assets LLP is a limited liability partnership registered in England and Wales, registration number OC428125. 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 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 | Going concern
The LLP continues to adopt the going concern basis on the basis of the continued support of the members. The members note that the stock value remains at cost, but the realisable value is more than this.
| 2.3 | Revenue
Revenue relates to rental income. This is recongised in the period to which it relates.
| 2.4 | 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the Period in which they are incurred.
| 2.6 | 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. Page 3
KRRISH ASSETS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 2.Accounting policies (continued)
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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. Page 4
KRRISH ASSETS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
3. | Debtors
|  |  |  |  | 31 March | 15 July
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 140,751 | 282,719
|  | 140,751 | 282,719
4. | Cash and cash equivalents
|  |  |  |  | 31 March | 15 July
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,174 | 509
|  | 2,174 | 509
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March | 15 July
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 3,973 | 2,851
| Other creditors | 471,023 | 420,264
| Accruals and deferred income | 5,640 | 2,640
|  | 480,636 | 425,755
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 31 March | 15 July
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 5,920,250 | 5,950,000
|  | 5,920,250 | 5,950,000
Page 5
KRRISH ASSETS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
7. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 31 March | 15 July
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due 1-2 years |  |
| Other loans | 5,920,250 | 5,950,000
|  | 5,920,250 | 5,950,000
|  | 5,920,250 | 5,950,000
Page 6