Acorah Software Products - Accounts Production 15.0.600 false true 27 February 2023 28 February 2022 false 28 February 2023 31 March 2024 31 March 2024 OC382188 Mr David Smith Mrs Emma Cunningham-Burley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC382188 2023-02-27 OC382188 2024-03-31 OC382188 2023-02-28 2024-03-31 OC382188 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 2024-03-31 OC382188 frs-core:FurnitureFittings 2024-03-31 OC382188 frs-core:FurnitureFittings 2023-02-28 2024-03-31 OC382188 frs-core:FurnitureFittings 2023-02-27 OC382188 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC382188 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 2024-03-31 OC382188 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-27 OC382188 frs-core:OtherResidualIntangibleAssets 2024-03-31 OC382188 frs-core:OtherResidualIntangibleAssets 2023-02-28 2024-03-31 OC382188 frs-core:OtherResidualIntangibleAssets 2023-02-27 OC382188 frs-bus:LimitedLiabilityPartnershipLLP 2023-02-28 2024-03-31 OC382188 frs-bus:LimitedLiabilityPartnershipsSORP 2023-02-28 2024-03-31 OC382188 frs-bus:FilletedAccounts 2023-02-28 2024-03-31 OC382188 frs-bus:SmallEntities 2023-02-28 2024-03-31 OC382188 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-03-31 OC382188 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-03-31 OC382188 frs-countries:EnglandWales 2023-02-28 2024-03-31 OC382188 frs-bus:PartnerLLP1 2023-02-28 2024-03-31 OC382188 frs-bus:PartnerLLP2 2023-02-28 2024-03-31 OC382188 2022-02-27 OC382188 2023-02-27 OC382188 2022-02-28 2023-02-27
Registered number: OC382188
Davem Properties LLP
Unaudited Financial Statements
For the Period 28 February 2023 to 31 March 2024
Bilbeck Business Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC382188
31 March 2024 27 February 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,000 -
Tangible Assets 5 70,570 70,633
115,570 70,633
CURRENT ASSETS
Cash at bank and in hand 7,774 48,842
7,774 48,842
NET CURRENT ASSETS (LIABILITIES) 7,774 48,842
TOTAL ASSETS LESS CURRENT LIABILITIES 123,344 119,475
NET ASSETS ATTRIBUTABLE TO MEMBERS 123,344 119,475
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 43,342 39,473
43,342 39,473
Equity
Members' other interests
Members' capital 80,000 80,000
Other reserves 2 2
80,002 80,002
123,344 119,475
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 43,342 39,473
Members' other interests 80,002 80,002
123,344 119,475
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
Mrs Emma Cunningham-Burley
Designated Member
09/08/2024
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
Davem Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC382188 . The Registered Office is Swallow House Kiln Way, Shilton Industrial Estate, Coventry, CV7 9JY.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a prestige vehicle number plate. It is expected that this will increase in value so no amortisation has been provided in this years accounts. This will be kept under review as each year progresses and any decline in value will be written off.
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:
Freehold 0
Fixtures & Fittings 10% Reducing Balance
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 28 February 2023 -
Additions 45,000
As at 31 March 2024 45,000
Net Book Value
As at 31 March 2024 45,000
As at 28 February 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 28 February 2023 70,000 1,469 71,469
As at 31 March 2024 70,000 1,469 71,469
...CONTINUED
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Page 4
Depreciation
As at 28 February 2023 - 836 836
Provided during the period - 63 63
As at 31 March 2024 - 899 899
Net Book Value
As at 31 March 2024 70,000 570 70,570
As at 28 February 2023 70,000 633 70,633
6. Basis Period Adjustment
In view of HMRC Basis Period Reform, it was decided to extend the accounting period end date from 27th February 2024 to 31st March 2024 in order to align with the end of the tax year in 2024 rather than wait till this becomes mandatory in 2025. 
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