Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC302784 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC302784 2023-03-31 OC302784 2024-03-31 OC302784 2023-04-01 2024-03-31 OC302784 frs-core:CurrentFinancialInstruments 2024-03-31 OC302784 frs-core:Non-currentFinancialInstruments 2024-03-31 OC302784 frs-core:FurnitureFittings 2024-03-31 OC302784 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC302784 frs-core:FurnitureFittings 2023-03-31 OC302784 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC302784 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC302784 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC302784 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC302784 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC302784 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC302784 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC302784 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC302784 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC302784 2022-03-31 OC302784 2023-03-31 OC302784 2022-04-01 2023-03-31 OC302784 frs-core:CurrentFinancialInstruments 2023-03-31 OC302784 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC302784
Evans Property Management LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC302784
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,644 1,934
Investment Properties 5 473,282 473,282
474,926 475,216
CURRENT ASSETS
Cash at bank and in hand 74,167 81,962
74,167 81,962
Creditors: Amounts Falling Due Within One Year 7 (9,377 ) (8,953 )
NET CURRENT ASSETS (LIABILITIES) 64,790 73,009
TOTAL ASSETS LESS CURRENT LIABILITIES 539,716 548,225
Creditors: Amounts Falling Due After More Than One Year 8 (289,147 ) (289,147 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 250,569 259,078
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 206,999 227,863
Other amounts 43,570 31,215
250,569 259,078
250,569 259,078
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 250,569 259,078
250,569 259,078
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 P J Evans
Partner
5th September 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
Evans Property Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC302784 . The Registered Office is The Old Vicarage, Bishops Tawton Road, Barnstaple, Devon, EX32 9EF.
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:
Freehold No depreciation
Fixtures & Fittings 15% Reducing Balance
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
Fixtures & Fittings
£
Cost
As at 1 April 2023 6,136
As at 31 March 2024 6,136
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 4,202
Provided during the period 290
As at 31 March 2024 4,492
Net Book Value
As at 31 March 2024 1,644
As at 1 April 2023 1,934
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 473,282
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,528 7,528
Other creditors - 450
Accruals and deferred income 1,849 975
9,377 8,953
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 289,147 289,147
289,147 289,147
Page 4