Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC377551 Mr Andrew George Whitney Mr Martin James Bridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC377551 2023-03-31 OC377551 2024-03-31 OC377551 2023-04-01 2024-03-31 OC377551 frs-core:CurrentFinancialInstruments 2024-03-31 OC377551 frs-core:Non-currentFinancialInstruments 2024-03-31 OC377551 frs-core:FurnitureFittings 2024-03-31 OC377551 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC377551 frs-core:FurnitureFittings 2023-03-31 OC377551 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC377551 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC377551 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC377551 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC377551 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC377551 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC377551 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC377551 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC377551 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC377551 2022-03-31 OC377551 2023-03-31 OC377551 2022-04-01 2023-03-31 OC377551 frs-core:CurrentFinancialInstruments 2023-03-31 OC377551 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC377551
OC377551 LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Morrell Middleton Auditors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC377551
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,342 7,623
Investment Properties 5 1,035,324 1,035,324
1,106,666 1,042,947
CURRENT ASSETS
Debtors 6 369,998 374,320
Cash at bank and in hand 35,941 16,349
405,939 390,669
Creditors: Amounts Falling Due Within One Year 7 (917,158 ) (931,659 )
NET CURRENT ASSETS (LIABILITIES) (511,219 ) (540,990 )
TOTAL ASSETS LESS CURRENT LIABILITIES 595,447 501,957
Creditors: Amounts Falling Due After More Than One Year 8 (232,509 ) (243,863 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 362,938 258,094
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,993 -
Other amounts 360,845 257,994
362,838 257,994
Equity
Members' other interests
Members' capital 100 100
100 100
362,938 258,094
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 362,838 257,994
Members' other interests 100 100
362,938 258,094
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 Profit and Loss Account.
On behalf of the members
Mr Martin James Bridge
Designated Member
19/09/2024
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
OC377551 LLP is a limited liability partnership, incorporated in England & Wales, registered number OC377551 . The Registered Office is Manor Farm, Eddlethorpe, Malton, YO17 9QT.
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:
Fixtures & Fittings 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 77,229
Additions 70,000
As at 31 March 2024 147,229
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 69,606
Provided during the period 6,281
As at 31 March 2024 75,887
Net Book Value
As at 31 March 2024 71,342
As at 1 April 2023 7,623
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 1,035,324
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 360,180 361,068
Other debtors 9,818 13,252
369,998 374,320
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,325 5,139
Bank loans and overdrafts 355,181 376,417
Amounts owed to participating interests 558,243 550,103
Taxation and social security 1,409 -
917,158 931,659
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 232,509 243,863
Page 4