Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 OC432421 Mrs Helen Adkins Mr Lee Adkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC432421 2022-03-31 OC432421 2023-03-31 OC432421 2022-04-01 2023-03-31 OC432421 frs-core:CurrentFinancialInstruments 2023-03-31 OC432421 frs-core:Non-currentFinancialInstruments 2023-03-31 OC432421 frs-core:MotorVehicles 2023-03-31 OC432421 frs-core:MotorVehicles 2022-04-01 2023-03-31 OC432421 frs-core:MotorVehicles 2022-03-31 OC432421 frs-core:PlantMachinery 2023-03-31 OC432421 frs-core:PlantMachinery 2022-04-01 2023-03-31 OC432421 frs-core:PlantMachinery 2022-03-31 OC432421 frs-bus:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC432421 frs-bus:LimitedLiabilityPartnershipsSORP 2022-04-01 2023-03-31 OC432421 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 OC432421 frs-bus:SmallEntities 2022-04-01 2023-03-31 OC432421 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC432421 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 OC432421 frs-countries:EnglandWales 2022-04-01 2023-03-31 OC432421 frs-bus:PartnerLLP1 2022-04-01 2023-03-31 OC432421 frs-bus:PartnerLLP2 2022-04-01 2023-03-31 OC432421 2021-03-31 OC432421 2022-03-31 OC432421 2021-04-01 2022-03-31 OC432421 frs-core:CurrentFinancialInstruments 2022-03-31 OC432421 frs-core:Non-currentFinancialInstruments 2022-03-31
Registered number: OC432421
LA Premises Management LLP
Unaudited Financial Statements
For The Year Ended 31 March 2023
Merranti Accounting Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC432421
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,472 18,148
14,472 18,148
CURRENT ASSETS
Debtors 5 6,830 -
Cash at bank and in hand 11,994 9,557
18,824 9,557
Creditors: Amounts Falling Due Within One Year 6 (19,514 ) (23,325 )
NET CURRENT ASSETS (LIABILITIES) (690 ) (13,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,782 4,380
Creditors: Amounts Falling Due After More Than One Year 7 (12,707 ) (24,072 )
NET ASSETS/(LIABILITIES) ATTRIBUTABLE TO MEMBERS 1,075 (19,692 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (36,454) (46,259)
Other amounts 37,529 26,567
1,075 (19,692)
1,075 (19,692)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,075 (19,692)
1,075 (19,692)
Page 1
Page 2
For the year ending 31 March 2023 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Helen Adkins
Designated Member
30 January 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LA Premises Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC432421 . The Registered Office is 10 Scandia-Hus Business Park, Felcourt Road, East Grinstead, RH19 2LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 7 (2022: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2022 - 36,572 36,572
Additions 1,150 - 1,150
As at 31 March 2023 1,150 36,572 37,722
Depreciation
As at 1 April 2022 - 18,424 18,424
Provided during the period 288 4,538 4,826
As at 31 March 2023 288 22,962 23,250
Net Book Value
As at 31 March 2023 862 13,610 14,472
As at 1 April 2022 - 18,148 18,148
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,430 -
Amounts owed by participating interests 400 -
6,830 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,564 6,636
Trade creditors - 63
Bank loans and overdrafts 2,800 3,077
Other creditors 4,195 6,755
Taxation and social security 4,955 6,794
19,514 23,325
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,407 15,248
Bank loans 6,300 8,824
12,707 24,072
Page 4