Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2023 1 December 2022 false 1 December 2023 31 March 2024 31 March 2024 OC350185 Mr J S Claire Mr A J S Claire Mr S J S Claire Mrs H K Claire Mrs R K Claire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC350185 2023-11-30 OC350185 2024-03-31 OC350185 2023-12-01 2024-03-31 OC350185 frs-core:CurrentFinancialInstruments 2024-03-31 OC350185 frs-core:ComputerEquipment 2024-03-31 OC350185 frs-core:ComputerEquipment 2023-12-01 2024-03-31 OC350185 frs-core:ComputerEquipment 2023-11-30 OC350185 frs-core:FurnitureFittings 2024-03-31 OC350185 frs-core:FurnitureFittings 2023-12-01 2024-03-31 OC350185 frs-core:FurnitureFittings 2023-11-30 OC350185 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 OC350185 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 OC350185 frs-bus:LimitedLiabilityPartnershipLLP 2023-12-01 2024-03-31 OC350185 frs-bus:LimitedLiabilityPartnershipsSORP 2023-12-01 2024-03-31 OC350185 frs-bus:FilletedAccounts 2023-12-01 2024-03-31 OC350185 frs-bus:SmallEntities 2023-12-01 2024-03-31 OC350185 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-03-31 OC350185 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-03-31 OC350185 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC350185 frs-core:CurrentFinancialInstruments 2 2024-03-31 OC350185 frs-countries:EnglandWales 2023-12-01 2024-03-31 OC350185 frs-bus:PartnerLLP1 2023-12-01 2024-03-31 OC350185 frs-bus:PartnerLLP2 2023-12-01 2024-03-31 OC350185 frs-bus:PartnerLLP3 2023-12-01 2024-03-31 OC350185 frs-bus:PartnerLLP4 2023-12-01 2024-03-31 OC350185 frs-bus:PartnerLLP5 2023-12-01 2024-03-31 OC350185 2022-11-30 OC350185 2023-11-30 OC350185 2022-12-01 2023-11-30 OC350185 frs-core:CurrentFinancialInstruments 2023-11-30 OC350185 frs-core:CurrentFinancialInstruments 1 2023-11-30 OC350185 frs-core:CurrentFinancialInstruments 2 2023-11-30
Registered number: OC350185
Claire House Partners LLP
Unaudited Financial Statements
For the Period 1 December 2023 to 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: OC350185
31 March 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,711,567 1,711,656
1,711,567 1,711,656
CURRENT ASSETS
Debtors 4 11,928 27,024
Cash at bank and in hand 49,104 11,848
61,032 38,872
Creditors: Amounts Falling Due Within One Year 5 (50,451 ) (45,320 )
NET CURRENT ASSETS (LIABILITIES) 10,581 (6,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,722,148 1,705,208
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,722,148 1,705,208
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 913,350 913,350
Other amounts 157,487 140,547
1,070,837 1,053,897
Equity
Members' other interests
Other reserves 651,311 651,311
651,311 651,311
1,722,148 1,705,208
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,070,837 1,053,897
Members' other interests 651,311 651,311
1,722,148 1,705,208
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 S J S Claire
Designated Member
27 June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
1.3. 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.
1.4. Cash and cash equivalents
Cash and cash equivalents comprise cash at hand and in bank.
1.5. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
2. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2023: NIL)
- -
3. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 1,710,000 - 2,222 1,712,222
Additions - 157 - 157
As at 31 March 2024 1,710,000 157 2,222 1,712,379
Depreciation
As at 1 December 2023 - - 566 566
Provided during the period - 1 245 246
As at 31 March 2024 - 1 811 812
Net Book Value
As at 31 March 2024 1,710,000 156 1,411 1,711,567
As at 1 December 2023 1,710,000 - 1,656 1,711,656
Fair value at 31st  March 2024 is represented by: 
                                                                                       £
Page 3
Page 4
Revaluation in 2015
                                                                                   83,422
Revaluation in 2016
                                                                                   78,777
Revaluation in 2017
                                                                                   75,000
Revaluation in 2019
                                                                                 136,250
Revaluation in 2020
                                                                               (105,750)
Revaluation in 2021
                                                                                 246,500
Revaluation in 2022
                                                                                 155,000
Revaluation in 2023
                                                                                            -
Revaluation in 2024
                                                                                            -
Cost
                                                                            1,040,801
                                                                             1,710,000
4. Debtors
31 March 2024 30 November 2023
£ £
Due within one year
Trade debtors 5,800 18,438
Prepayments and accrued income 1,777 2,035
Other debtors 4,351 6,551
11,928 27,024
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 November 2023
£ £
VAT 10,459 7,482
Accounts Payable 535 101
Tenant Deposit 15,383 15,383
Accruals and deferred income 24,074 22,354
50,451 45,320
6. Members share of profit
Members
31/03/2024
30/11/2023
Mrs H K Claire
5,200
14,942
Mr J S Claire
3,714
10,673
Mrs R K Claire
10,771
30,951
Mr A J S Claire
9,285
26,682
Mr S J  S Claire
8,171
23,481
7. General Information
Claire House Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC350185 . The Registered Office is 809 Salisbury House, 29 Finsbury Circus, London, Greater London, EC2M 7AQ.
Page 4