Acorah Software Products - Accounts Production 15.0.600 false true false 1 November 2022 31 October 2023 31 October 2023 SO307645 Mrs Julie Shaw Mr Christopher Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO307645 2022-10-31 SO307645 2023-10-31 SO307645 2022-11-01 2023-10-31 SO307645 frs-core:CurrentFinancialInstruments 2023-10-31 SO307645 frs-core:Non-currentFinancialInstruments 2023-10-31 SO307645 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 SO307645 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SO307645 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 SO307645 frs-bus:LimitedLiabilityPartnershipLLP 2022-11-01 2023-10-31 SO307645 frs-bus:LimitedLiabilityPartnershipsSORP 2022-11-01 2023-10-31 SO307645 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SO307645 frs-bus:SmallEntities 2022-11-01 2023-10-31 SO307645 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SO307645 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SO307645 frs-countries:EnglandWales 2022-11-01 2023-10-31 SO307645 frs-bus:PartnerLLP1 2022-11-01 2023-10-31 SO307645 frs-bus:PartnerLLP2 2022-11-01 2023-10-31
Registered number: SO307645
Shaw JC LLP
Unaudited Financial Statements
For The Year Ended 31 October 2023
Newton and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO307645
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 913,000
913,000
CURRENT ASSETS
Cash at bank and in hand 2,196
2,196
Creditors: Amounts Falling Due Within One Year 5 (9,948 )
NET CURRENT ASSETS (LIABILITIES) (7,752 )
TOTAL ASSETS LESS CURRENT LIABILITIES 905,248
Creditors: Amounts Falling Due After More Than One Year 6 (314,218 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 591,030
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 18,003
18,003
Equity
Members' other interests
Members' capital 573,027
573,027
591,030
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 18,003
Members' other interests 573,027
591,030
Page 1
Page 2
For the year ending 31 October 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 Christopher Shaw
Designated Member
18/09/2024
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
Shaw JC LLP is a limited liability partnership, incorporated in England & Wales, registered number SO307645 . The Registered Office is 13 Waverly Road, Dalkeith, Midlothian, EH22 3DG.
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 0%
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL
-
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 November 2022 -
Additions 913,000
As at 31 October 2023 913,000
Net Book Value
As at 31 October 2023 913,000
As at 1 November 2022 -
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2023
£
Bank loans and overdrafts 9,948
6. Creditors: Amounts Falling Due After More Than One Year
2023
£
Bank loans 314,218
Page 4