Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 SO307006 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO307006 2022-08-31 SO307006 2023-08-31 SO307006 2022-09-01 2023-08-31 SO307006 frs-core:CurrentFinancialInstruments 2023-08-31 SO307006 frs-core:Non-currentFinancialInstruments 2023-08-31 SO307006 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-01 2023-08-31 SO307006 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SO307006 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SO307006 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 SO307006 frs-core:OtherResidualIntangibleAssets 2023-08-31 SO307006 frs-core:OtherResidualIntangibleAssets 2022-08-31 SO307006 frs-bus:LimitedLiabilityPartnershipLLP 2022-09-01 2023-08-31 SO307006 frs-bus:LimitedLiabilityPartnershipsSORP 2022-09-01 2023-08-31 SO307006 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 SO307006 frs-bus:SmallEntities 2022-09-01 2023-08-31 SO307006 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SO307006 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SO307006 frs-countries:EnglandWales 2022-09-01 2023-08-31 SO307006 frs-bus:PartnerLLP1 2022-09-01 2023-08-31 SO307006 2021-08-31 SO307006 2022-08-31 SO307006 2021-09-01 2022-08-31 SO307006 frs-core:CurrentFinancialInstruments 2022-08-31 SO307006 frs-core:Non-currentFinancialInstruments 2022-08-31
Registered number: SO307006
The Jame Forest Partnership LLP
Financial Statements
For The Year Ended 31 August 2023
Hill Wooldridge Accountants Ltd
Chartered Certified Accountants
55 Crown Street
Brentwood
Essex
CM14 4BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SO307006
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 216,518 216,518
Tangible Assets 5 749,303 749,303
965,821 965,821
CURRENT ASSETS
Debtors 6 47,244 33,033
Cash at bank and in hand 2,391 296,337
49,635 329,370
Creditors: Amounts Falling Due Within One Year 7 (3,825 ) (132,643 )
NET CURRENT ASSETS (LIABILITIES) 45,810 196,727
TOTAL ASSETS LESS CURRENT LIABILITIES 1,011,631 1,162,548
Creditors: Amounts Falling Due After More Than One Year 8 (735,000 ) (735,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 276,631 427,548
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability - 100,518
Other amounts 275,631 326,030
275,631 426,548
Equity
Members' other interests
Members' capital 1,000 1,000
1,000 1,000
276,631 427,548
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 275,631 426,548
Members' other interests 1,000 1,000
276,631 427,548
For the year ending 31 August 2023 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 Derek Lewis
Partner
27th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Jame Forest Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number SO307006 . The Registered Office is Auchnasaul, Drimnin, Oban, PA80 5XZ.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are access fees which are amortised to profit and loss account in accordance with the yield from harvesting of the timber crops to which the access fees relate.
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 In accordance with the harvesting of timber crops
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 September 2022 384,174
As at 31 August 2023 384,174
Amortisation
As at 1 September 2022 167,656
As at 31 August 2023 167,656
Net Book Value
As at 31 August 2023 216,518
As at 1 September 2022 216,518
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2022 971,066
As at 31 August 2023 971,066
Depreciation
As at 1 September 2022 221,763
As at 31 August 2023 221,763
Net Book Value
As at 31 August 2023 749,303
As at 1 September 2022 749,303
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 8,033
VAT 429 -
Amounts due from members 46,815 25,000
47,244 33,033
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,855 2,740
Other creditors 1,970 82,739
Taxation and social security - 47,164
3,825 132,643
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 735,000 735,000
Page 5