Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC346555 Paul Egan Natasha Egan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC346555 2023-03-31 OC346555 2024-03-31 OC346555 2023-04-01 2024-03-31 OC346555 frs-core:CurrentFinancialInstruments 2024-03-31 OC346555 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC346555 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC346555 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC346555 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC346555 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC346555 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC346555 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC346555 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC346555 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC346555 2022-03-31 OC346555 2023-03-31 OC346555 2022-04-01 2023-03-31 OC346555 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC346555
Canter Equity Partners LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
JJ Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC346555
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 58,889 28,923
Cash at bank and in hand 38,919 11,880
97,808 40,803
Creditors: Amounts Falling Due Within One Year 5 (29,018 ) (3,547 )
NET CURRENT ASSETS (LIABILITIES) 68,790 37,256
TOTAL ASSETS LESS CURRENT LIABILITIES 68,790 37,256
NET ASSETS ATTRIBUTABLE TO MEMBERS 68,790 37,256
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (121,782) 34,781
Other amounts 188,097 -
66,315 34,781
Equity
Members' other interests
Members' capital 2,475 2,475
2,475 2,475
68,790 37,256
TOTAL MEMBERS' INTEREST
Amounts due from members - (15,165)
Loans and other debts due to members within one year 66,315 34,781
Members' other interests 2,475 2,475
68,790 22,091
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
Paul Egan
Designated Member
04/11/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Canter Equity Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC346555 . The Registered Office is Craiglands, Convent Road, Sidmouth, Devon, EX10 8RD.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 57,471 13,441
Prepayments and accrued income 1,418 -
Other debtors - 317
Amounts due from members - 15,165
58,889 28,923
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,921 -
Other taxes and social security 21,625 -
Other creditors 3,942 2,384
Accruals and deferred income 1,530 1,163
29,018 3,547
Page 3