Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC384610 Mr D C Frymann Ms L Magnusson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC384610 2023-03-31 OC384610 2024-03-31 OC384610 2023-04-01 2024-03-31 OC384610 frs-core:CurrentFinancialInstruments 2024-03-31 OC384610 frs-core:ComputerEquipment 2024-03-31 OC384610 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC384610 frs-core:ComputerEquipment 2023-03-31 OC384610 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 OC384610 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-01 2024-03-31 OC384610 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 OC384610 frs-core:FurnitureFittings 2024-03-31 OC384610 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC384610 frs-core:FurnitureFittings 2023-03-31 OC384610 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC384610 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC384610 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC384610 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC384610 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC384610 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC384610 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC384610 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC384610 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC384610 2022-03-31 OC384610 2023-03-31 OC384610 2022-04-01 2023-03-31 OC384610 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC384610
LMDF LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Base52 Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC384610
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 6 8,200 8,200
Debtors 7 10,651 12,559
Cash at bank and in hand 220 491
19,071 21,250
Creditors: Amounts Falling Due Within One Year 8 (720 ) (1,208 )
NET CURRENT ASSETS (LIABILITIES) 18,351 20,042
TOTAL ASSETS LESS CURRENT LIABILITIES 18,351 20,042
NET ASSETS ATTRIBUTABLE TO MEMBERS 18,351 20,042
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 2,712 1,406
Other amounts 15,637 18,636
18,349 20,042
Equity
Members' other interests
Other reserves 2 -
2 -
18,351 20,042
TOTAL MEMBERS' INTEREST
Amounts due from members (1,235) -
Loans and other debts due to members within one year 18,349 20,042
Members' other interests 2 -
17,116 20,042
Page 1
Page 2
For the year ending 31 March 2024 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
Mr D C Frymann
Designated Member
24/04/2024
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
LMDF LLP is a limited liability partnership, incorporated in England & Wales, registered number OC384610 . The Registered Office is 150 Bellenden Road, London, SE15 4QY.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2023 3,496
As at 31 March 2024 3,496
Amortisation
As at 1 April 2023 3,496
As at 31 March 2024 3,496
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,363 1,783 3,146
As at 31 March 2024 1,363 1,783 3,146
Depreciation
As at 1 April 2023 1,363 1,783 3,146
As at 31 March 2024 1,363 1,783 3,146
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
6. Stocks
2024 2023
£ £
Materials 8,200 8,200
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,143
Papillion Loan (Debtor) 9,416 9,416
Amounts due from members 1,235 -
10,651 12,559
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 390 443
VAT 61 81
Other creditors 44 484
Accruals and deferred income 225 200
720 1,208
Page 5