Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC397741 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC397741 2023-03-31 OC397741 2024-03-31 OC397741 2023-04-01 2024-03-31 OC397741 frs-core:CurrentFinancialInstruments 2024-03-31 OC397741 frs-core:Non-currentFinancialInstruments 2024-03-31 OC397741 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC397741 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC397741 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC397741 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC397741 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC397741 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC397741 frs-core:CostValuation 2023-03-31 OC397741 frs-core:CostValuation 2024-03-31 OC397741 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 OC397741 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 OC397741 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC397741 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC397741 2022-03-31 OC397741 2023-03-31 OC397741 2022-04-01 2023-03-31 OC397741 frs-core:CurrentFinancialInstruments 2023-03-31 OC397741 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC397741
R S Property Management (Caerphilly) Llp
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC397741
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 650,000 650,000
650,000 650,000
CURRENT ASSETS
Cash at bank and in hand 6,948 11,842
6,948 11,842
Creditors: Amounts Falling Due Within One Year 5 (18,769 ) (16,705 )
NET CURRENT ASSETS (LIABILITIES) (11,821 ) (4,863 )
TOTAL ASSETS LESS CURRENT LIABILITIES 638,179 645,137
Creditors: Amounts Falling Due After More Than One Year 6 (197,031 ) (207,883 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 441,148 437,254
REPRESENTED BY:
Equity
Members' other interests
Members' capital 158,500 158,500
Other reserves 282,648 278,754
441,148 437,254
TOTAL MEMBERS' INTEREST
Members' other interests 441,148 437,254
441,148 437,254
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 Simon Gottschalk
Partner
2 October 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
R S Property Management (Caerphilly) Llp is a limited liability partnership, incorporated in England & Wales, registered number OC397741 . The Registered Office is Unit 2 Gallagher Retail Park, Parc Pontypandy, Caerphilly, Mid Glamorgan, CF83 3GX.
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. 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 during the year, including members, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
4. Investments
Other
£
Cost
As at 1 April 2023 650,000
As at 31 March 2024 650,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 650,000
As at 1 April 2023 650,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 12,000 12,000
VAT 4,064 2,550
Accruals and deferred income 2,706 2,155
18,769 16,705
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 197,031 207,883
Page 4