Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 30 March 2024 30 March 2024 OC431870 Mr Michael Page Mrs Gwendolyn Page iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC431870 2023-03-31 OC431870 2024-03-30 OC431870 2023-04-01 2024-03-30 OC431870 frs-core:CurrentFinancialInstruments 2024-03-30 OC431870 frs-core:FurnitureFittings 2024-03-30 OC431870 frs-core:FurnitureFittings 2023-04-01 2024-03-30 OC431870 frs-core:FurnitureFittings 2023-03-31 OC431870 frs-core:PlantMachinery 2024-03-30 OC431870 frs-core:PlantMachinery 2023-04-01 2024-03-30 OC431870 frs-core:PlantMachinery 2023-03-31 OC431870 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-30 OC431870 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-30 OC431870 frs-bus:FilletedAccounts 2023-04-01 2024-03-30 OC431870 frs-bus:SmallEntities 2023-04-01 2024-03-30 OC431870 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 OC431870 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 OC431870 frs-countries:EnglandWales 2023-04-01 2024-03-30 OC431870 frs-bus:PartnerLLP1 2023-04-01 2024-03-30 OC431870 frs-bus:PartnerLLP2 2023-04-01 2024-03-30 OC431870 2022-03-31 OC431870 2023-03-31 OC431870 2022-04-01 2023-03-31 OC431870 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC431870
MJ Page & Partners LLP
Unaudited Financial Statements
For The Year Ended 30 March 2024
Mercian Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC431870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,254 2,959
1,254 2,959
CURRENT ASSETS
Debtors 5 162,835 99,943
Cash at bank and in hand 5,481 7,439
168,316 107,382
Creditors: Amounts Falling Due Within One Year 6 (2,229 ) (2,733 )
NET CURRENT ASSETS (LIABILITIES) 166,087 104,649
TOTAL ASSETS LESS CURRENT LIABILITIES 167,341 107,608
NET ASSETS ATTRIBUTABLE TO MEMBERS 167,341 107,608
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 167,341 101,793
Other amounts - 5,815
167,341 107,608
167,341 107,608
TOTAL MEMBERS' INTEREST
Amounts due from members (147,140) (69,039)
Loans and other debts due to members within one year 167,341 107,608
20,201 38,569
Page 1
Page 2
For the year ending 30 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 Michael Page
Designated Member
28/06/2024
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
MJ Page & Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC431870 . The Registered Office is The Clocktower Seaford, Pinvin, Pershore, Worcestershire, WR10 2LF.
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. 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:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 700 6,120 6,820
As at 30 March 2024 700 6,120 6,820
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 525 3,336 3,861
Provided during the period 175 1,530 1,705
As at 30 March 2024 700 4,866 5,566
Net Book Value
As at 30 March 2024 - 1,254 1,254
As at 1 April 2023 175 2,784 2,959
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,695 30,904
Amounts due from members 147,140 69,039
162,835 99,943
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,619 1,733
Accruals and deferred income 610 1,000
2,229 2,733
Page 4