Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 March 2024 31 March 2024 OC339279 Mr C Scorer Mrs C Scorer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC339279 2022-12-31 OC339279 2024-03-31 OC339279 2023-01-01 2024-03-31 OC339279 frs-core:CurrentFinancialInstruments 2024-03-31 OC339279 frs-core:PlantMachinery 2024-03-31 OC339279 frs-core:PlantMachinery 2023-01-01 2024-03-31 OC339279 frs-core:PlantMachinery 2022-12-31 OC339279 frs-core:RevaluationReserve 2022-12-31 OC339279 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-31 OC339279 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2024-03-31 OC339279 frs-bus:FilletedAccounts 2023-01-01 2024-03-31 OC339279 frs-bus:SmallEntities 2023-01-01 2024-03-31 OC339279 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 OC339279 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 OC339279 frs-core:ListedExchangeTraded 2024-03-31 OC339279 frs-core:ListedExchangeTraded 2022-12-31 OC339279 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 OC339279 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 OC339279 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-03-31 OC339279 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 OC339279 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 OC339279 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 OC339279 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 OC339279 frs-countries:EnglandWales 2023-01-01 2024-03-31 OC339279 frs-bus:PartnerLLP1 2023-01-01 2024-03-31 OC339279 frs-bus:PartnerLLP2 2023-01-01 2024-03-31 OC339279 2021-12-31 OC339279 2022-12-31 OC339279 2022-01-01 2022-12-31 OC339279 frs-core:CurrentFinancialInstruments 2022-12-31 OC339279 frs-core:OtherReservesSubtotal 2021-12-31 OC339279 frs-core:RevaluationReserve 2021-12-31
Registered number: OC339279
CSquared Asset Management LLP
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: OC339279
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 292 704
Investments 5 624,233 422,467
624,525 423,171
CURRENT ASSETS
Debtors 6 11,436 3,096
Cash at bank and in hand 13,018 28,090
24,454 31,186
Creditors: Amounts Falling Due Within One Year 7 (1,853 ) (1,673 )
NET CURRENT ASSETS (LIABILITIES) 22,601 29,513
TOTAL ASSETS LESS CURRENT LIABILITIES 647,126 452,684
NET ASSETS ATTRIBUTABLE TO MEMBERS 647,126 452,684
REPRESENTED BY:
Equity
Members' other interests
Members' capital (7,385) 130,961
Revaluation reserve 463,343 245,660
Other reserves 191,168 76,063
647,126 452,684
TOTAL MEMBERS' INTEREST
Members' other interests 647,126 452,684
647,126 452,684
Page 1
Page 2
For the period 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 C Scorer
Designated Member
3rd September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY
Members' other interests
Members'Capital classified as Equity Revaluation Reserve Other Reserves Total Equity Total members' interest
£ £ £ £ £
Balance at 1 January 2022 204,426 221,884 - 426,310 426,310
Profit/(loss) for the financial year available for discretionary division among members - - 76,063 76,063 76,063
Members' interests after profit/(loss) for the year 204,426 221,884 76,063 502,373 502,373
Surplus arising on revaluation of fixed assets - 23,776 - 23,776 23,776
Drawings (73,465) - - (73,465) (73,465)
As at 31 December 2022 and 1 January 2023 130,961 245,660 76,063 452,684 452,684
Profit/(loss) for the financial year available for discretionary division among members - - 115,105 115,105 115,105
Members' interests after profit/(loss) for the year 130,961 245,660 191,168 567,789 567,789
Surplus arising on revaluation of fixed assets - 217,683 - 217,683 217,683
Drawings (138,346) - - (138,346) (138,346)
As at 31 March 2024 (7,385) 463,343 191,168 647,126 647,126
Page 3
Page 4
Notes to the Financial Statements
1. General Information
CSquared Asset Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC339279 . The Registered Office is Driftwood Cottage, Salterns Lane, Bursledon, Hampshire, SO31 8DH.
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
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2022: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 1,648
As at 31 March 2024 1,648
Depreciation
As at 1 January 2023 944
Provided during the period 412
As at 31 March 2024 1,356
Net Book Value
As at 31 March 2024 292
As at 1 January 2023 704
5. Investments
Listed
£
Cost
As at 1 January 2023 422,467
Additions 9,036
Disposals (80,427 )
Revaluations 273,157
As at 31 March 2024 624,233
Provision
As at 1 January 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 624,233
As at 1 January 2023 422,467
Historical cost of investments are:
31 March 2024 £160,890    
31 December 2022 £176,807
Page 5
Page 6
6. Debtors
31 March 2024 31 December 2022
£ £
Due within one year
Trade debtors 11,436 3,096
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2022
£ £
Other creditors 1,853 1,673
Page 6