Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 April 2022 false 1 January 2023 31 December 2023 31 December 2023 OC311888 Lolite Inc Maat Business Corp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC311888 2022-12-31 OC311888 2023-12-31 OC311888 2023-01-01 2023-12-31 OC311888 frs-core:CurrentFinancialInstruments 2023-12-31 OC311888 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC311888 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC311888 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC311888 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC311888 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC311888 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC311888 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC311888 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC311888 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC311888 2022-03-31 OC311888 2022-12-31 OC311888 2022-04-01 2022-12-31 OC311888 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC311888
PRIVILEGED TECHNOLOGIES LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC311888
31 December 2023 31 December 2022
Notes
CURRENT ASSETS
Debtors 4 332,590 317,011
Cash at bank and in hand 77,009 209,560
409,599 526,571
Creditors: Amounts Falling Due Within One Year 5 (1,399 ) (2,170 )
NET CURRENT ASSETS (LIABILITIES) 408,200 524,401
TOTAL ASSETS LESS CURRENT LIABILITIES 408,200 524,401
NET ASSETS ATTRIBUTABLE TO MEMBERS 408,200 524,401
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (136,914) (9,791)
Other amounts 342,541 331,619
205,627 321,828
Equity
Members' other interests
Members' capital 100 100
Other reserves 202,473 202,473
202,573 202,573
408,200 524,401
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 205,627 321,828
Members' other interests 202,573 202,573
408,200 524,401
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 Profit and Loss Account.
The financial statements were approved by the members on 26 September 2024 and were signed on their behalf by:
Maat Business Corp
Designated Member
26th September 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PRIVILEGED TECHNOLOGIES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC311888 . The Registered Office is 3rd Floor Norvin House , 45-55 Commercial Street, London , E1 6BD.
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 euro which is the functional currency of the LLP.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Debtors
31 December 2023 31 December 2022
Due within one year
Amounts owed by group undertakings 12,878 12,878
Other debtors 319,712 304,133
332,590 317,011
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
Accruals and deferred income 1,399 2,170
Page 3