Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SO301657 Mr W J Thomson Mr J A McColl OBE Mr G McColl Clyde Blowers Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO301657 2022-12-31 SO301657 2023-12-31 SO301657 2023-01-01 2023-12-31 SO301657 frs-core:CurrentFinancialInstruments 2023-12-31 SO301657 frs-core:ComputerEquipment 2023-12-31 SO301657 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SO301657 frs-core:ComputerEquipment 2022-12-31 SO301657 frs-core:FurnitureFittings 2023-12-31 SO301657 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SO301657 frs-core:FurnitureFittings 2022-12-31 SO301657 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 SO301657 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 SO301657 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SO301657 frs-bus:SmallEntities 2023-01-01 2023-12-31 SO301657 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SO301657 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SO301657 frs-core:CostValuation 2022-12-31 SO301657 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2023-12-31 SO301657 frs-core:CostValuation 2023-12-31 SO301657 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 SO301657 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SO301657 frs-countries:Scotland 2023-01-01 2023-12-31 SO301657 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 SO301657 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 SO301657 frs-bus:PartnerLLP3 2023-01-01 2023-12-31 SO301657 frs-bus:PartnerLLP4 2023-01-01 2023-12-31 SO301657 2021-12-31 SO301657 2022-12-31 SO301657 2022-01-01 2022-12-31 SO301657 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: SO301657
Clyde Blowers Capital IM LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO301657
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,027 4,332
Investments 5 1 3
3,028 4,335
CURRENT ASSETS
Debtors 6 529,882 544,743
Cash at bank and in hand 5,689 13,450
535,571 558,193
Creditors: Amounts Falling Due Within One Year 7 (508,587 ) (539,909 )
NET CURRENT ASSETS (LIABILITIES) 26,984 18,284
TOTAL ASSETS LESS CURRENT LIABILITIES 30,012 22,619
NET ASSETS ATTRIBUTABLE TO MEMBERS 30,012 22,619
REPRESENTED BY:
Equity
Members' other interests
Members' capital 137,758 137,758
Other reserves (107,746) (115,139)
30,012 22,619
TOTAL MEMBERS' INTEREST
Members' other interests 30,012 22,619
30,012 22,619
Page 1
Page 2
For the year ending 31 December 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
Mr G McColl
Designated Member
31 March 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
Clyde Blowers Capital IM LLP is a limited liability partnership, incorporated in Scotland, registered number SO301657 . The Registered Office is Redwood House, 5 Redwood Crescent, Peel Park, East Kilbride, Glasgow, G74 5PA.
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:
Fixtures & Fittings 10% straight-line
Computer Equipment 10% straight-line
2.4. 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: 3 (2022: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 217,433 9,993 227,426
As at 31 December 2023 217,433 9,993 227,426
Depreciation
As at 1 January 2023 213,104 9,990 223,094
Provided during the period 1,302 3 1,305
As at 31 December 2023 214,406 9,993 224,399
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 3,027 - 3,027
As at 1 January 2023 4,329 3 4,332
5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 3
Fair value adjustments (2 )
As at 31 December 2023 1
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 3
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 299
Prepayments and accrued income 2,910 5,999
Other debtors 526,972 538,445
529,882 544,743
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,259 23,051
Other taxes and social security - 4,234
Net wages - 1,563
Other creditors 466,828 486,311
Accruals and deferred income 28,500 24,750
508,587 539,909
Page 4