Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 March 2024 31 March 2024 OC404427 Mr R F Swift Mrs N J Vose Mr A J Swift iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC404427 2022-12-31 OC404427 2024-03-31 OC404427 2023-01-01 2024-03-31 OC404427 frs-core:CurrentFinancialInstruments 2024-03-31 OC404427 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2024-03-31 OC404427 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC404427 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 OC404427 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 OC404427 frs-core:OtherResidualIntangibleAssets 2024-03-31 OC404427 frs-core:OtherResidualIntangibleAssets 2023-01-01 2024-03-31 OC404427 frs-core:OtherResidualIntangibleAssets 2022-12-31 OC404427 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-31 OC404427 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2024-03-31 OC404427 frs-bus:FilletedAccounts 2023-01-01 2024-03-31 OC404427 frs-bus:SmallEntities 2023-01-01 2024-03-31 OC404427 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 OC404427 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 OC404427 frs-countries:EnglandWales 2023-01-01 2024-03-31 OC404427 frs-bus:PartnerLLP1 2023-01-01 2024-03-31 OC404427 frs-bus:PartnerLLP2 2023-01-01 2024-03-31 OC404427 frs-bus:PartnerLLP3 2023-01-01 2024-03-31 OC404427 2021-12-31 OC404427 2022-12-31 OC404427 2022-01-01 2022-12-31 OC404427 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC404427
Bridge Farm Maghull LLP
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC404427
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,071 1,836
Tangible Assets 5 271,400 271,400
272,471 273,236
CURRENT ASSETS
Debtors 6 - 1,700
Cash at bank and in hand 48,659 66,856
48,659 68,556
Creditors: Amounts Falling Due Within One Year 7 (500 ) (500 )
NET CURRENT ASSETS (LIABILITIES) 48,159 68,056
TOTAL ASSETS LESS CURRENT LIABILITIES 320,630 341,292
NET ASSETS ATTRIBUTABLE TO MEMBERS 320,630 341,292
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 34,200 54,862
34,200 54,862
Equity
Members' other interests
Members' capital 286,430 286,430
286,430 286,430
320,630 341,292
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 34,200 54,862
Members' other interests 286,430 286,430
320,630 341,292
Page 1
Page 2
For the period 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 R F Swift
Designated Member
9 August 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
Bridge Farm Maghull LLP is a limited liability partnership, incorporated in England & Wales, registered number OC404427 . The Registered Office is Bridge Farm, School Lane, Maghull, Merseyside, L31 1HH.
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 comprises the invoiced value of goods and services supplied by the LLP, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Non SDA Entitlements. They are amortised to profit and loss account over its estimated economic life of ten 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:
Freehold Not depreciated
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 3 (2022: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 6,120
As at 31 March 2024 6,120
Amortisation
As at 1 January 2023 4,284
Provided during the period 765
As at 31 March 2024 5,049
Net Book Value
As at 31 March 2024 1,071
As at 1 January 2023 1,836
Other intangible assets consist of Non SDA Entitlements.
Page 3
Page 4
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 271,400
As at 31 March 2024 271,400
Net Book Value
As at 31 March 2024 271,400
As at 1 January 2023 271,400
No depreciation is provided on freehold land.
6. Debtors
31 March 2024 31 December 2022
£ £
Due within one year
VAT - 1,700
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2022
£ £
Accruals and deferred income 500 500
Page 4