Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2023 1 September 2022 false 1 September 2023 5 April 2024 5 April 2024 OC438632 Ms Stefania Maulucci Mr Paul Midgley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC438632 2023-08-31 OC438632 2024-04-05 OC438632 2023-09-01 2024-04-05 OC438632 frs-core:CurrentFinancialInstruments 2024-04-05 OC438632 frs-core:Non-currentFinancialInstruments 2024-04-05 OC438632 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-05 OC438632 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 OC438632 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-04-05 OC438632 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-04-05 OC438632 frs-bus:FilletedAccounts 2023-09-01 2024-04-05 OC438632 frs-bus:SmallEntities 2023-09-01 2024-04-05 OC438632 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-04-05 OC438632 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-04-05 OC438632 frs-countries:EnglandWales 2023-09-01 2024-04-05 OC438632 frs-bus:PartnerLLP1 2023-09-01 2024-04-05 OC438632 frs-bus:PartnerLLP2 2023-09-01 2024-04-05 OC438632 2022-08-31 OC438632 2023-08-31 OC438632 2022-09-01 2023-08-31 OC438632 frs-core:CurrentFinancialInstruments 2023-08-31 OC438632 frs-core:Non-currentFinancialInstruments 2023-08-31
Registered number: OC438632
Cadmoor Property LLP
Unaudited Financial Statements
For the Period 1 September 2023 to 5 April 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC438632
5 April 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,375,000 1,375,000
1,375,000 1,375,000
CURRENT ASSETS
Debtors 5 2,970 3,933
Cash at bank and in hand 8,540 10,919
11,510 14,852
Creditors: Amounts Falling Due Within One Year 6 (4,450 ) (1,920 )
NET CURRENT ASSETS (LIABILITIES) 7,060 12,932
TOTAL ASSETS LESS CURRENT LIABILITIES 1,382,060 1,387,932
Creditors: Amounts Falling Due After More Than One Year 7 (613,682 ) (612,640 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 768,378 775,292
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 757,463 757,463
Other amounts 10,915 17,829
768,378 775,292
768,378 775,292
TOTAL MEMBERS' INTEREST
Amounts due from members (51) (3,083)
Loans and other debts due to members within one year 768,378 775,292
768,327 772,209
Page 1
Page 2
For the period ending 5 April 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
Ms Stefania Maulucci
Designated Member
09/09/2024
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
Cadmoor Property LLP is a limited liability partnership, incorporated in England & Wales, registered number OC438632 . The Registered Office is C/O Optimise Accountants Limited Bramley House, Bramley Road, Long Eaton, Nottinghamshire, England, NG10 3SX.
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. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. 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.
2.4. 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:
2.5. 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 period was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 September 2023 1,375,000
As at 5 April 2024 1,375,000
Net Book Value
As at 5 April 2024 1,375,000
As at 1 September 2023 1,375,000
Page 3
Page 4
5. Debtors
5 April 2024 31 August 2023
£ £
Due within one year
Trade debtors 2,550 850
Prepayments and accrued income 369 -
Amounts due from members 51 3,083
2,970 3,933
6. Creditors: Amounts Falling Due Within One Year
5 April 2024 31 August 2023
£ £
Other creditors 4,450 -
Accruals and deferred income - 1,920
4,450 1,920
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2024 31 August 2023
£ £
Bank loans 613,682 612,640
Page 4