Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 14 January 2022 false 1 April 2023 31 March 2024 31 March 2024 OC440649 Ms Saloni Bhojwani Ms Samira Ann Qassim true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC440649 2023-03-31 OC440649 2024-03-31 OC440649 2023-04-01 2024-03-31 OC440649 frs-core:CurrentFinancialInstruments 2024-03-31 OC440649 frs-core:ComputerEquipment 2024-03-31 OC440649 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC440649 frs-core:ComputerEquipment 2023-03-31 OC440649 frs-core:FurnitureFittings 2024-03-31 OC440649 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC440649 frs-core:FurnitureFittings 2023-03-31 OC440649 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC440649 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC440649 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC440649 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC440649 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC440649 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC440649 1 2023-04-01 2024-03-31 OC440649 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC440649 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC440649 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC440649 2022-01-13 OC440649 2023-03-31 OC440649 2022-01-14 2023-03-31 OC440649 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC440649
Pink Salt Ventures LLP
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: OC440649
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,287 1,442
1,287 1,442
CURRENT ASSETS
Debtors 5 3,031 1,680
Cash at bank and in hand 10,813 5,640
13,844 7,320
Creditors: Amounts Falling Due Within One Year 6 (4,208 ) (240 )
NET CURRENT ASSETS (LIABILITIES) 9,636 7,080
TOTAL ASSETS LESS CURRENT LIABILITIES 10,923 8,522
NET ASSETS ATTRIBUTABLE TO MEMBERS 10,923 8,522
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability - 2,328
Other amounts 10,921 6,192
10,921 8,520
Equity
Members' other interests
Members' capital 2 2
2 2
10,923 8,522
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 10,921 8,520
Members' other interests 2 2
10,923 8,522
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
Ms Samira Ann Qassim
Designated Member
30/08/2024
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
Pink Salt Ventures LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440649 . The Registered Office is 31 York Street Flat 3, London, W1H 1PX.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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% straight line
Computer Equipment 25% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - 1,782 1,782
Additions 324 - 324
As at 31 March 2024 324 1,782 2,106
Depreciation
As at 1 April 2023 - 340 340
Provided during the period 34 445 479
As at 31 March 2024 34 785 819
Net Book Value
As at 31 March 2024 290 997 1,287
As at 1 April 2023 - 1,442 1,442
Page 3
Page 4
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 2 2
Other taxes and social security - 1,678
Amounts owed by group undertakings 3,029 -
3,031 1,680
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 4,208 240
7. Related Party Transactions
During the year, Pink Salt Ventures LLP made payments of £3,029 on behalf of a related party. As at 31st March 2024, the amount outstanding was £3,029 (2023: £0).  This loan is interest-free and repayable on demand. 
8. Ultimate Controlling Party
The LLP was controlled throughout the period by its members.
Page 4