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 OC399240 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC399240 2023-03-31 OC399240 2024-03-31 OC399240 2023-04-01 2024-03-31 OC399240 frs-core:CurrentFinancialInstruments 2024-03-31 OC399240 frs-core:Non-currentFinancialInstruments 2024-03-31 OC399240 frs-core:BetweenOneFiveYears 2024-03-31 OC399240 frs-core:ComputerEquipment 2024-03-31 OC399240 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC399240 frs-core:ComputerEquipment 2023-03-31 OC399240 frs-core:MotorVehicles 2024-03-31 OC399240 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC399240 frs-core:MotorVehicles 2023-03-31 OC399240 frs-core:WithinOneYear 2024-03-31 OC399240 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC399240 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC399240 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC399240 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC399240 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC399240 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC399240 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC399240 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC399240 2022-03-31 OC399240 2023-03-31 OC399240 2022-04-01 2023-03-31 OC399240 frs-core:CurrentFinancialInstruments 2023-03-31 OC399240 frs-core:Non-currentFinancialInstruments 2023-03-31 OC399240 frs-core:BetweenOneFiveYears 2023-03-31 OC399240 frs-core:WithinOneYear 2023-03-31
Registered number: OC399240
The Eastburn Partnership LLP
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC399240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,323 85,325
102,323 85,325
CURRENT ASSETS
Debtors 5 1,336 877
Cash at bank and in hand 9,644 10,601
10,980 11,478
Creditors: Amounts Falling Due Within One Year 6 (42,464 ) (8,139 )
NET CURRENT ASSETS (LIABILITIES) (31,484 ) 3,339
TOTAL ASSETS LESS CURRENT LIABILITIES 70,839 88,664
Creditors: Amounts Falling Due After More Than One Year 7 (40,028 ) (44,737 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 30,811 43,927
REPRESENTED BY:
Loans and other debts due to members
Other amounts 30,811 43,927
30,811 43,927
30,811 43,927
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 30,811 43,927
30,811 43,927
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 Income Statement.
On behalf of the members
Mr M Eastburn
Partner
16 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
The Eastburn Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC399240 . The Registered Office is Office 43, The Cobalt Building, 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
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.
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:
Motor Vehicles 20% Straight line
Computer Equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 86,074 2,147 88,221
Additions 54,303 1,344 55,647
Disposals (18,699 ) - (18,699 )
As at 31 March 2024 121,678 3,491 125,169
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 1,435 1,461 2,896
Provided during the period 22,261 452 22,713
Disposals (2,763 ) - (2,763 )
As at 31 March 2024 20,933 1,913 22,846
Net Book Value
As at 31 March 2024 100,745 1,578 102,323
As at 1 April 2023 84,639 686 85,325
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 595 46
Other debtors 741 831
1,336 877
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,517 2,177
Trade creditors 126 567
Bank loans and overdrafts 30,000 -
Other creditors 546 33
Taxation and social security 5,275 5,362
42,464 8,139
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,028 14,737
Bank loans - 30,000
40,028 44,737
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,517 2,177
Later than one year and not later than five years 40,028 14,737
46,545 16,914
46,545 16,914
Page 4