Caseware UK (AP4) 2025.0.111 2025.0.111 2025-11-30 2025-11-30 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0 2024-11-18 0 false No description of principal activity true true OC454541 2024-11-17 OC454541 2024-11-18 2025-11-30 OC454541 2023-11-18 2024-11-17 OC454541 2025-11-30 OC454541 c:CurrentFinancialInstruments 2025-11-30 OC454541 c:CurrentFinancialInstruments c:WithinOneYear 2025-11-30 OC454541 d:FRS102 2024-11-18 2025-11-30 OC454541 d:AuditExempt-NoAccountantsReport 2024-11-18 2025-11-30 OC454541 d:FullAccounts 2024-11-18 2025-11-30 OC454541 d:LimitedLiabilityPartnershipLLP 2024-11-18 2025-11-30 OC454541 2 2024-11-18 2025-11-30 OC454541 6 2024-11-18 2025-11-30 OC454541 d:PartnerLLP2 2024-11-18 2025-11-30 OC454541 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-11-30 OC454541 c:FurtherSpecificReserve3ComponentTotalEquity 2025-11-30 OC454541 e:USDollar 2024-11-18 2025-11-30 iso4217:GBP xbrli:pure

Registered number: OC454541 RAPEL UK LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 NOVEMBER 2025
RAPEL UK LLP REGISTERED NUMBER: OC454541 STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2025
|  | 2025
Note |  | $
Fixed assets |  |  |
Investments | 4 |  | 2,223,372
|  |  | 2,223,372
Current assets |  |  |
Cash at bank and in hand | 6 | 2,192 |
|  | 2,192 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,018,756) |
Net current (liabilities)/assets |  |  | (2,016,564)
Total assets less current liabilities |  |  | 206,808
Net assets |  |  | 206,808
Represented by: |  |  |
Loans and other debts due to members within one year |  |  |
Other amounts | 8 |  | 20,727
|  |  | 20,727
Members' other interests |  |  |
Members' capital classified as equity |  | 186,081 |
|  |  | 186,081
|  |  | 206,808
Total members' interests |  |  |
Loans and other debts due to members | 8 |  | 20,727
Members' other interests |  |  | 186,081
|  |  | 206,808
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RAPEL UK LLP REGISTERED NUMBER: OC454541 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 NOVEMBER 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 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 by:
Inversiones Rio Rapel SPA
Designated member
Date: 31 July 2026
The notes on pages 3 to 6 form part of these financial statements. Rapel UK 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
RAPEL UK LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
1. | General information
Rapel Uk LLP is a limited liability partnership incorporated in England. The registered office is 101 New Cavendish Street, 1st Floor South, London, England, United Kingdom, W1W 6XH. The financial statements are presented in USD, which is the functional currency of the LLP. 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 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.3 | 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 .
| 2.4 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period. Page 3
RAPEL UK LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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 entity has no employees.
| The average monthly number of employees, including directors, during the period was 0.
4. | Fixed asset investments
|  | Listed investments | Unlisted investments | Total
|  | $ | $ | $
| Cost or valuation |  |  |
| Additions | 2,522,666 | 228,251 | 2,750,917
| Disposals | (552,301) | - | (552,301)
| Revaluations | 24,756 | - | 24,756
| At 30 November 2025 | 1,995,121 | 228,251 | 2,223,372
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RAPEL UK LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
5. | Debtors
|  |  |  |  | 2025
|  |  |  |  | $
| Amounts owed by group undertakings | 1
|  | 1
6. | Cash and cash equivalents
|  |  |  |  | 2025
|  |  |  |  | $
| Cash at bank and in hand | 2,192
|  | 2,192
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | $
| Other creditors | 2,016,056
| Accruals and deferred income | 2,700
|  | 2,018,756
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RAPEL UK LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
8. | Loans and other debts due to members
|  |  |  |  | 2025
|  |  |  |  | $
| Other amounts due to members | 20,727
|  | 20,727
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025
|  |  |  |  | $
| Falling due within one year | 20,727
|  | 20,727
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 6