Acorah Software Products - Accounts Production 15.0.600 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC317189 MR JASON AVRAAMIDES MRS MARISSA AVRAAMIDES iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC317189 2023-04-05 OC317189 2024-04-05 OC317189 2023-04-06 2024-04-05 OC317189 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-06 2024-04-05 OC317189 frs-core:RevaluationReserve 2023-04-05 OC317189 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC317189 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC317189 frs-bus:AbridgedAccounts 2023-04-06 2024-04-05 OC317189 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC317189 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC317189 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC317189 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC317189 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC317189 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC317189 2022-04-05 OC317189 2023-04-05 OC317189 2022-04-06 2023-04-05 OC317189 frs-core:OtherReservesSubtotal 2022-04-05 OC317189 frs-core:RevaluationReserve 2022-04-05
Registered number: OC317189
ISLAND ROW LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Abridged Statement of Financial Position 1—2
Reconciliation of Members' Interests 3—5
Notes to the Abridged Financial Statements 5
Page 1
Abridged Statement of Financial Position
Registered number: OC317189
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,500 4,500
4,500 4,500
CURRENT ASSETS
Debtors 1,302 3
Cash at bank and in hand 34 78
1,336 81
Creditors: Amounts Falling Due Within One Year (1,445 ) (315 )
NET CURRENT ASSETS (LIABILITIES) (109 ) (234 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,391 4,266
NET ASSETS ATTRIBUTABLE TO MEMBERS 4,391 4,266
REPRESENTED BY:
Loans and other debts due to members within one year
- -
Equity
Members' other interests
Other reserves 4,391 4,266
4,391 4,266
TOTAL MEMBERS' INTEREST
Amounts due from members (1,299) -
Members' other interests 4,391 4,266
3,092 4,266
Page 1
Page 2
For the year 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 Income Statement.
All of the LLP's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 5 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
MR JASON AVRAAMIDES
Designated Member
30/08/2023
The notes on page 5 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
Revaluation Reserve Other Reserves Total Equity Members'Capital classified as Debt
£ £ £ £
Amounts due to members - - - 124,738
Balance at 6 April 2022 67,740 (17,991 ) 49,749 124,738
Profit/(loss) for the financial year available for discretionary division among members - (875 ) (875 ) -
Members' interests after profit/(loss) for the year 67,740 (18,866) 48,874 124,738
Other divisions of profits (losses) - 875 875 -
Deficit arising on revaluation of fixed assets (67,740) - (67,740) -
Introduced by members - - - (22,257)
Drawings - - - -
Repayment of Capital - - - (84,490)
Repayment of debt (including members' capital classified as liability) - - - (22,257)
Other Movements - 22,257 22,257 4,266
Amounts due to members - - - -
As at 5 April 2023 and 6 April 2023 - 4,266 4,266 -
Profit/(loss) for the financial year available for discretionary division among members - (1,299 ) (1,299 ) -
Members' interests after profit/(loss) for the year - 2,967 2,967 -
Other divisions of profits (losses) - 1,299 1,299 -
Drawings - - - -
Other Movements - 125 125 -
Amounts due from members - - - -
As at 5 April 2024 - 4,391 4,391 -
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts Total Debts Total members' interest
£ £ £
Amounts due to members 228,497 353,235 -
Balance at 6 April 2022 228,497 353,235 402,984
Profit/(loss) for the financial year available for discretionary division among members - - (875 )
Members' interests after profit/(loss) for the year 228,497 353,235 402,109
Other divisions of profits (losses) (875) (875) -
...CONTINUED
Page 3
Page 4
Deficit arising on revaluation of fixed assets - - (67,740)
Introduced by members - (22,257) (22,257)
Drawings (227,622) (227,622) (227,622)
Repayment of Capital - (84,490) (84,490)
Repayment of debt (including members' capital classified as liability) - (22,257) (22,257)
Other Movements - 4,266 26,523
Amounts due to members - - -
As at 5 April 2023 and 6 April 2023 - - 4,266
Profit/(loss) for the financial year available for discretionary division among members - - (1,299 )
Members' interests after profit/(loss) for the year - - 2,967
Other divisions of profits (losses) (1,299) (1,299) -
Drawings - - -
Other Movements - - 125
Amounts due from members (1,299) (1,299) -
As at 5 April 2024 (1,299) (1,299) 3,092
Page 4
Page 5
Notes to the Abridged Financial Statements
1. General Information
ISLAND ROW LLP is a limited liability partnership, incorporated in England & Wales, registered number OC317189 . The Registered Office is Suite 80, 5 Liberty Square, Kings Hill, WEST MALLING, Kent, ME19 4AU.
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. 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:
Leasehold 0
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 6 April 2023 4,500
As at 5 April 2024 4,500
Net Book Value
As at 5 April 2024 4,500
As at 6 April 2023 4,500
Page 5