Acorah Software Products - Accounts Production 15.0.600 false true false 18 November 2022 30 November 2023 30 November 2023 OC444711 Miss Sarah Korimbocus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC444711 2022-11-17 OC444711 2023-11-30 OC444711 2022-11-18 2023-11-30 OC444711 frs-core:CurrentFinancialInstruments 2023-11-30 OC444711 frs-bus:LimitedLiabilityPartnershipLLP 2022-11-18 2023-11-30 OC444711 frs-bus:LimitedLiabilityPartnershipsSORP 2022-11-18 2023-11-30 OC444711 frs-bus:FilletedAccounts 2022-11-18 2023-11-30 OC444711 frs-bus:SmallEntities 2022-11-18 2023-11-30 OC444711 frs-bus:AuditExempt-NoAccountantsReport 2022-11-18 2023-11-30 OC444711 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-18 2023-11-30 OC444711 frs-countries:EnglandWales 2022-11-18 2023-11-30 OC444711 frs-bus:PartnerLLP1 2022-11-18 2023-11-30
Registered number: OC444711
Genex Legal LLP
Unaudited Financial Statements
For the Period 18 November 2022 to 30 November 2023
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC444711
30 November 2023
Notes £ £
CURRENT ASSETS
Debtors 4 115
Cash at bank and in hand 654
769
Creditors: Amounts Falling Due Within One Year 5 1
NET CURRENT ASSETS (LIABILITIES) 770
TOTAL ASSETS LESS CURRENT LIABILITIES 770
NET ASSETS ATTRIBUTABLE TO MEMBERS 770
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (3,284)
Other amounts 4,054
770
770
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 770
770
Page 1
Page 2
For the period ending 30 November 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 member acknowledges his 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
Miss Sarah Korimbocus
Designated Member
28/10/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Genex Legal LLP is a limited liability partnership, incorporated in England & Wales, registered number OC444711 . The Registered Office is 29 North Hill, Colchester, Essex, CO3 4LP.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2
2
4. Debtors
30 November 2023
£
Due within one year
Other debtors 115
5. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors (1 )
Page 3