Acorah Software Products - Accounts Production 14.6.300 false true false 17 November 2022 5 April 2024 5 April 2024 OC444689 David Anthony Thomas Thorp Lydia Sefton- Minns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC444689 2022-11-16 OC444689 2024-04-05 OC444689 2022-11-17 2024-04-05 OC444689 frs-core:CurrentFinancialInstruments 2024-04-05 OC444689 frs-core:Non-currentFinancialInstruments 2024-04-05 OC444689 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-05 OC444689 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-16 OC444689 frs-bus:LimitedLiabilityPartnershipLLP 2022-11-17 2024-04-05 OC444689 frs-bus:LimitedLiabilityPartnershipsSORP 2022-11-17 2024-04-05 OC444689 frs-bus:FilletedAccounts 2022-11-17 2024-04-05 OC444689 frs-bus:SmallEntities 2022-11-17 2024-04-05 OC444689 frs-bus:AuditExempt-NoAccountantsReport 2022-11-17 2024-04-05 OC444689 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-17 2024-04-05 OC444689 frs-countries:EnglandWales 2022-11-17 2024-04-05 OC444689 frs-bus:PartnerLLP1 2022-11-17 2024-04-05 OC444689 frs-bus:PartnerLLP2 2022-11-17 2024-04-05
Registered number: OC444689
Lsmdt Properties Llp
Unaudited Financial Statements
For the Period 17 November 2022 to 5 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC444689
5 April 2024
Notes £ £
FIXED ASSETS
Tangible Assets 3 830,000
830,000
CURRENT ASSETS
Debtors 4 138
Cash at bank and in hand 5,710
5,848
Creditors: Amounts Falling Due Within One Year 5 (600 )
NET CURRENT ASSETS (LIABILITIES) 5,248
TOTAL ASSETS LESS CURRENT LIABILITIES 835,248
Creditors: Amounts Falling Due After More Than One Year 6 (624,478 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 210,770
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 186,081
186,081
Equity
Members' other interests
Other reserves 24,689
24,689
210,770
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 186,081
Members' other interests 24,689
210,770
Page 1
Page 2
For the period ending 5 April 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
David Anthony Thomas Thorp
Designated Member
5 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. Accounting Policies
1.1. 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.
1.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
1.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 2
2
3. Tangible Assets
Investment Properties
£
Cost
As at 17 November 2022 830,000
As at 5 April 2024 830,000
Net Book Value
As at 5 April 2024 830,000
As at 17 November 2022 830,000
4. Debtors
5 April 2024
£
Due within one year
Prepayments and accrued income 138
138
5. Creditors: Amounts Falling Due Within One Year
5 April 2024
£
Accruals and deferred income 600
600
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
5 April 2024
£
Bank loans 624,478
624,478
7. Secured Creditors
Of the creditors the following amounts are secured.
5 April 2024
£
Bank loans and overdrafts 624,478
8. General Information
Lsmdt Properties Llp is a limited liability partnership, incorporated in England & Wales, registered number OC444689 . The Registered Office is Cross Chambers, 9 High Street, Newtown, Powys, Wales,, SY16 2NY.
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