Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2022 1 March 2021 false 1 March 2022 28 February 2023 28 February 2023 OC376554 Mr John Connaughton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC376554 2022-02-28 OC376554 2023-02-28 OC376554 2022-03-01 2023-02-28 OC376554 frs-core:CurrentFinancialInstruments 2023-02-28 OC376554 frs-core:Non-currentFinancialInstruments 2023-02-28 OC376554 frs-core:FurnitureFittings 2023-02-28 OC376554 frs-core:FurnitureFittings 2022-03-01 2023-02-28 OC376554 frs-core:FurnitureFittings 2022-02-28 OC376554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 OC376554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 OC376554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-02-28 OC376554 frs-bus:LimitedLiabilityPartnershipLLP 2022-03-01 2023-02-28 OC376554 frs-bus:LimitedLiabilityPartnershipsSORP 2022-03-01 2023-02-28 OC376554 frs-bus:FilletedAccounts 2022-03-01 2023-02-28 OC376554 frs-bus:SmallEntities 2022-03-01 2023-02-28 OC376554 frs-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 OC376554 frs-bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 OC376554 1 2022-03-01 2023-02-28 OC376554 frs-core:OtherProvisionsContingentLiabilities 2022-02-28 OC376554 frs-core:OtherProvisionsContingentLiabilities 2023-02-28 OC376554 frs-countries:EnglandWales 2022-03-01 2023-02-28 OC376554 frs-bus:PartnerLLP1 2022-03-01 2023-02-28 OC376554 2021-02-28 OC376554 2022-02-28 OC376554 2021-03-01 2022-02-28 OC376554 frs-core:CurrentFinancialInstruments 2022-02-28 OC376554 frs-core:Non-currentFinancialInstruments 2022-02-28 OC376554 frs-core:BetweenOneFiveYears 2022-02-28 OC376554 frs-core:WithinOneYear 2022-02-28
Registered number: OC376554
Illuminas Partners LLP
Unaudited Financial Statements
For The Year Ended 28 February 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC376554
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,047 62,949
27,047 62,949
CURRENT ASSETS
Debtors 5 280,402 444,448
Cash at bank and in hand 76,570 75,576
356,972 520,024
Creditors: Amounts Falling Due Within One Year 6 (605,702 ) (699,773 )
NET CURRENT ASSETS (LIABILITIES) (248,730 ) (179,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES (221,683 ) (116,800 )
Creditors: Amounts Falling Due After More Than One Year 7 (93,243 ) (152,310 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 8 (100,064 ) (100,064 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (414,990 ) (369,174 )
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 11,881 11,881
11,881 11,881
Equity
Members' other interests
Members' capital 15,000 15,000
Other reserves (441,871) (396,055)
(426,871) (381,055)
(414,990) (369,174)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 11,881 11,881
Members' other interests (426,871) (381,055)
(414,990) (369,174)
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Page 2
For the year ending 28 February 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 Income Statement.
On behalf of the members
Mr John Connaughton
Designated Member
09/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Illuminas Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC376554 . The Registered Office is 46 Eagle Lane, London, E11 1PF.
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.
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:
Leasehold period of lease
Fixtures & Fittings 10% to 33% per annum
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 15 (2022: 15)
15 15
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2022 599,609 369,910 969,519
Additions - 4,828 4,828
As at 28 February 2023 599,609 374,738 974,347
Depreciation
As at 1 March 2022 539,654 366,916 906,570
Provided during the period 34,529 6,201 40,730
As at 28 February 2023 574,183 373,117 947,300
...CONTINUED
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Page 4
Net Book Value
As at 28 February 2023 25,426 1,621 27,047
As at 1 March 2022 59,955 2,994 62,949
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 246,850 373,886
Prepayments and accrued income 5,269 61,168
Other debtors 28,283 9,394
280,402 444,448
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 239,562 69,200
Other loans 130,936 232,650
Other taxes and social security 70,081 74,350
Other creditors 74,741 74,756
Accruals and deferred income 90,382 248,817
605,702 699,773
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 93,243 152,310
93,243 152,310
8. Provisions for Liabilities
Other Provisions Total
£ £
As at 1 March 2022 100,064 100,064
Balance at 28 February 2023 100,064 100,064
9. Contingent Liabilities
The LLP had no contingent liabilities at 28 February 2023 or 28 February 2022.
10. Capital Commitments
The LLP had no capital commitments at 28 February 2023 or 28 February 2022.
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Page 5
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year - 187,720
Later than one year and not later than five years - 172,077
- 359,797
12. Pension Commitments
The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the LLP to the fund and amounted to £20,582 (2022 -£23,225). Contributions totalling £nil (2022- £nil) were payable to the fund at the reporting date.
13. Related Party Transactions
The LLP entered into no transactions with related parties during the year which require disclosure under FRS 102 Section 1A.
14. Ultimate Controlling Party
In the opinion of the designated members, there is no ultimate controlling party.
15. Other reserves classified as equity
Other reserves consists of retained losses totalling £1,275,373 (2022 - £1,246,722) and a capital reserve totalling £850,665 (2022 -£850,665).
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