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 OC392512 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC392512 2023-03-31 OC392512 2024-03-31 OC392512 2023-04-01 2024-03-31 OC392512 frs-core:CurrentFinancialInstruments 2024-03-31 OC392512 frs-core:Non-currentFinancialInstruments 2024-03-31 OC392512 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC392512 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC392512 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC392512 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC392512 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC392512 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC392512 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC392512 frs-core:Non-currentFinancialInstruments 1 2024-03-31 OC392512 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC392512 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC392512 2022-03-31 OC392512 2023-03-31 OC392512 2022-04-01 2023-03-31 OC392512 frs-core:CurrentFinancialInstruments 2023-03-31 OC392512 frs-core:Non-currentFinancialInstruments 2023-03-31 OC392512 frs-core:WithinOneYear 2023-03-31 OC392512 frs-core:CurrentFinancialInstruments 1 2023-03-31 OC392512 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: OC392512
Vale Prestige Chauffeurs LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC392512
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 102,343 99,066
Cash at bank and in hand 504 288
102,847 99,354
Creditors: Amounts Falling Due Within One Year 5 (21,045 ) (23,356 )
NET CURRENT ASSETS (LIABILITIES) 81,802 75,998
TOTAL ASSETS LESS CURRENT LIABILITIES 81,802 75,998
Creditors: Amounts Falling Due After More Than One Year 6 (88,782 ) (85,365 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (6,980 ) (9,367 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 10,000 -
Other amounts 2,691 10,304
12,691 10,304
Equity
Members' other interests
Other reserves (19,671) (19,671)
(19,671) (19,671)
(6,980) (9,367)
TOTAL MEMBERS' INTEREST
Amounts due from members (94,043) (95,766)
Loans and other debts due to members within one year 12,691 10,304
Members' other interests (19,671) (19,671)
(101,023) (105,133)
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 Martin Randall
Partner
24/07/2024
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
Vale Prestige Chauffeurs LLP is a limited liability partnership, incorporated in England & Wales, registered number OC392512 . The Registered Office is 11 Robins Court, Faringdon, Oxfordhsire, SN7 7FT.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 8,300 3,300
Amounts due from members 94,043 95,766
102,343 99,066
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,431
Trade creditors - 1
Bank loans and overdrafts 4,845 4,724
Other loans due within 12 months 16,200 16,200
21,045 23,356
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,046 31,891
Other Loans 6,750 22,950
Amounts owed to associates 54,986 30,524
88,782 85,365
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,431
Page 4