Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 March 2024 31 March 2024 OC414344 Mr Andrew Betton Mr Kevin Brown Sir John Hegarty Mr Nicholas Kendall Mr Thomas Teichman Mr Benjamin Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC414344 2022-10-31 OC414344 2024-03-31 OC414344 2022-11-01 2024-03-31 OC414344 frs-core:CurrentFinancialInstruments 2024-03-31 OC414344 frs-bus:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 OC414344 frs-bus:LimitedLiabilityPartnershipsSORP 2022-11-01 2024-03-31 OC414344 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 OC414344 frs-bus:SmallEntities 2022-11-01 2024-03-31 OC414344 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 OC414344 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 OC414344 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414344 frs-core:UnlistedNon-exchangeTraded 2022-10-31 OC414344 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 OC414344 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414344 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414344 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 OC414344 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414344 frs-countries:EnglandWales 2022-11-01 2024-03-31 OC414344 frs-bus:PartnerLLP1 2022-11-01 2024-03-31 OC414344 frs-bus:PartnerLLP2 2022-11-01 2024-03-31 OC414344 frs-bus:PartnerLLP3 2022-11-01 2024-03-31 OC414344 frs-bus:PartnerLLP4 2022-11-01 2024-03-31 OC414344 frs-bus:PartnerLLP5 2022-11-01 2024-03-31 OC414344 frs-bus:PartnerLLP6 2022-11-01 2024-03-31 OC414344 2021-10-31 OC414344 2022-10-31 OC414344 2021-11-01 2022-10-31 OC414344 frs-core:CurrentFinancialInstruments 2022-10-31 OC414344 frs-core:OtherReservesSubtotal 2021-10-31
Registered number: OC414344
The Garage London LLP
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC414344
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 89,992 89,992
89,992 89,992
CURRENT ASSETS
Debtors 5 36,020 10,270
Cash at bank and in hand 46,957 73,465
82,977 83,735
Creditors: Amounts Falling Due Within One Year 6 (99,900 ) (89,195 )
NET CURRENT ASSETS (LIABILITIES) (16,923 ) (5,460 )
TOTAL ASSETS LESS CURRENT LIABILITIES 73,069 84,532
NET ASSETS ATTRIBUTABLE TO MEMBERS 73,069 84,532
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 22,700 22,700
Other amounts 84,605 84,605
107,305 107,305
Equity
Members' other interests
Other reserves (34,236) (22,773)
(34,236) (22,773)
73,069 84,532
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 107,305 107,305
Members' other interests (34,236) (22,773)
73,069 84,532
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 Benjamin Lee
Designated Member
23/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £ £
Amounts due to members - 22,700 84,605 107,305 -
Balance at 1 November 2021 (22,451 ) 22,700 84,605 107,305 84,854
Members' remuneration charged as an expense, including employment and retirement benefit costs - - 75,000 75,000 75,000
Profit/(loss) for the financial year available for discretionary division among members (322 ) - - - (322 )
Members' interests after profit/(loss) for the year (22,773) 22,700 159,605 182,305 159,532
Drawings - - (75,000) (75,000) (75,000)
Other Movements - - - - -
Amounts due to members - 22,700 84,605 107,305 -
As at 31 October 2022 and 1 November 2022 (22,773) 22,700 84,605 107,305 84,532
Members' remuneration charged as an expense, including employment and retirement benefit costs - - 231,500 231,500 231,500
Profit/(loss) for the financial year available for discretionary division among members (11,464 ) - - - (11,464 )
Members' interests after profit/(loss) for the year (34,237) 22,700 316,105 338,805 304,568
Drawings - - (231,500) (231,500) (231,500)
Other Movements 1 - - - 1
Amounts due to members - 22,700 84,605 107,305 -
As at 31 March 2024 (34,236) 22,700 84,605 107,305 73,069
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Garage London LLP is a limited liability partnership, incorporated in England & Wales, registered number OC414344 . The Registered Office is 62 Dean Street, London, W1D 4QF.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2022: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 November 2022 89,992
Additions -
As at 31 March 2024 89,992
Provision
As at 1 November 2022 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 89,992
As at 1 November 2022 89,992
Page 4
Page 5
5. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
Trade debtors 35,500 9,750
Other debtors 520 520
36,020 10,270
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Trade creditors 6,499 3,256
VAT 9,331 5,689
Accruals and deferred income 84,070 80,250
99,900 89,195
Page 5