Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 March 2022 false 1 April 2023 31 March 2024 31 March 2024 OC439598 Mr Robert Wilde Mr Alec Middleton Mr Daniel Leyden Mr Matthew Whiteley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC439598 2023-03-31 OC439598 2024-03-31 OC439598 2023-04-01 2024-03-31 OC439598 frs-core:CurrentFinancialInstruments 2024-03-31 OC439598 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC439598 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC439598 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC439598 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC439598 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC439598 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC439598 frs-core:CostValuation 2023-03-31 OC439598 frs-core:CostValuation 2024-03-31 OC439598 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 OC439598 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 OC439598 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC439598 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC439598 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC439598 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC439598 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC439598 2022-02-28 OC439598 2023-03-31 OC439598 2022-03-01 2023-03-31 OC439598 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC439598
Quake Ventures LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4
Page 1
Balance Sheet
Registered number: OC439598
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 31,636 31,636
31,636 31,636
CURRENT ASSETS
Cash at bank and in hand 1,241 1,598
1,241 1,598
Creditors: Amounts Falling Due Within One Year 5 (751 ) (1 )
NET CURRENT ASSETS (LIABILITIES) 490 1,597
TOTAL ASSETS LESS CURRENT LIABILITIES 32,126 33,233
NET ASSETS ATTRIBUTABLE TO MEMBERS 32,126 33,233
REPRESENTED BY:
Loans and other debts due to members
Other amounts 26 1,133
26 1,133
Equity
Members' other interests
Members' capital 32,100 32,100
32,100 32,100
32,126 33,233
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 26 1,133
Members' other interests 32,100 32,100
32,126 33,233
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 Daniel Leyden
Designated Member
9 August 2024
The notes on page 4 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Other amounts Total members' interest
£ £ £ £ £
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - 1,133 1,133
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year - - - 1,133 1,133
Introduced by members 100 - 100 - 100
Drawings 32,000 - 32,000 - 32,000
Amounts due to members - - - 1,133 -
As at 31 March 2023 and 1 April 2023 32,100 - 32,100 1,133 33,233
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - (1,107) (1,107)
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year 32,100 - 32,100 26 32,126
Amounts due to members - - - 26 -
As at 31 March 2024 32,100 - 32,100 26 32,126
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Quake Ventures LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439598 . The Registered Office is 7 St Petersgate, Stockport, Cheshire, SK1 1EB.
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: 4 (2023: 4)
4 4
4. Investments
Associates
£
Cost
As at 1 April 2023 31,636
As at 31 March 2024 31,636
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 31,636
As at 1 April 2023 31,636
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Amounts owed to participating interests 1 1
Other creditors 750 -
751 1
Page 4