Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC422818 Mr Jonathan Shirley Ms Julia Burton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC422818 2023-03-31 OC422818 2024-03-31 OC422818 2023-04-01 2024-03-31 OC422818 frs-core:CurrentFinancialInstruments 2024-03-31 OC422818 frs-core:PlantMachinery 2024-03-31 OC422818 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC422818 frs-core:PlantMachinery 2023-03-31 OC422818 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC422818 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC422818 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC422818 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC422818 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC422818 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC422818 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC422818 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC422818 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC422818 2022-03-31 OC422818 2023-03-31 OC422818 2022-04-01 2023-03-31 OC422818 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC422818
Tin House Studio LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
M W Accounting Ltd
Unit 5 Basepoint
Caxton Close
Andover
Hampshire
SP10 3FG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC422818
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 715 1,431
715 1,431
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 1,897 279
Cash at bank and in hand 60,240 68,325
62,637 69,104
Creditors: Amounts Falling Due Within One Year 7 (10,461 ) (8,009 )
NET CURRENT ASSETS (LIABILITIES) 52,176 61,095
TOTAL ASSETS LESS CURRENT LIABILITIES 52,891 62,526
NET ASSETS ATTRIBUTABLE TO MEMBERS 52,891 62,526
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 52,891 62,526
52,891 62,526
52,891 62,526
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 52,891 62,526
52,891 62,526
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 Jonathan Shirley
Designated Member
Ms Julia Burton
Designated Member
17 July 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
Tin House Studio LLP is a limited liability partnership, incorporated in England & Wales, registered number OC422818 . The Registered Office is London Hill Farm, London Road, Stockbridge, Hampshire, SO20 6EN.
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.
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
2.4. 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.
3. Average Number of Employees
Average number of employees, including members, during the year was  3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 8,982
As at 31 March 2024 8,982
Depreciation
As at 1 April 2023 7,551
Provided during the period 716
As at 31 March 2024 8,267
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 715
As at 1 April 2023 1,431
5. Stocks
2024 2023
£ £
Stock 500 500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,897 279
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,444 5,878
Other taxes and social security 202 15
VAT 3,708 2,069
Other creditors 107 47
10,461 8,009
Page 4