Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC321313 Aurora Insurance Services Limited Mr R P Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC321313 2022-12-31 OC321313 2023-12-31 OC321313 2023-01-01 2023-12-31 OC321313 frs-core:CurrentFinancialInstruments 2023-12-31 OC321313 frs-core:ComputerEquipment 2023-12-31 OC321313 frs-core:ComputerEquipment 2023-01-01 2023-12-31 OC321313 frs-core:ComputerEquipment 2022-12-31 OC321313 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC321313 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC321313 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC321313 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC321313 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC321313 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC321313 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC321313 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC321313 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC321313 2021-12-31 OC321313 2022-12-31 OC321313 2022-01-01 2022-12-31 OC321313 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC321313
Walmer Partners LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
One Bean Limited
Chartered Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC321313
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 707 -
707 -
CURRENT ASSETS
Debtors 5 75,313 145,607
Cash at bank and in hand 70,296 38,226
145,609 183,833
Creditors: Amounts Falling Due Within One Year 6 (56,275 ) (93,833 )
NET CURRENT ASSETS (LIABILITIES) 89,334 90,000
TOTAL ASSETS LESS CURRENT LIABILITIES 90,041 90,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 90,041 90,000
REPRESENTED BY:
Loans and other debts due to members
Other amounts 41 -
41 -
Equity
Members' other interests
Other reserves 90,000 90,000
90,000 90,000
90,041 90,000
TOTAL MEMBERS' INTEREST
Amounts due from members (22,063) (78,010)
Loans and other debts due to members 41 -
Members' other interests 90,000 90,000
67,978 11,990
Page 1
Page 2
For the year ending 31 December 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 Income Statement.
On behalf of the members
Mr R P Kelly
Designated Member
23 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
Walmer Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC321313 . The Registered Office is 10 Baronsmead Road, London, SW13 9RR. The trading address is Studio 203, 7 Pearson Square, London W1T 3BP.
The principal activity of the LLP is that of an insurance broker.
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 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:
Computer Equipment 33.3% straight line
2.4. Financial Instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.5. Foreign Currencies
The LLP's functional and presentational currency is GBP.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.6. Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.
An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.
The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' inthe Statement of comprehensive income. In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense' where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 -
Additions 749
As at 31 December 2023 749
Depreciation
As at 1 January 2023 -
Provided during the period 42
As at 31 December 2023 42
Net Book Value
As at 31 December 2023 707
As at 1 January 2023 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 51,029 65,368
Other debtors 24,284 80,239
75,313 145,607
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 53,755 58,592
Bank loans and overdrafts - 21
Other creditors 2,520 35,220
56,275 93,833
Page 4