Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 29 February 2024 29 February 2024 OC437554 Mr Sebastian Barnick Mr Charles Barnick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC437554 2023-03-31 OC437554 2024-02-29 OC437554 2023-04-01 2024-02-29 OC437554 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-02-29 OC437554 frs-core:FurnitureFittings 2023-04-01 2024-02-29 OC437554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-02-29 OC437554 frs-core:MotorVehicles 2023-04-01 2024-02-29 OC437554 frs-core:PlantMachinery 2023-04-01 2024-02-29 OC437554 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-02-29 OC437554 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-02-29 OC437554 frs-bus:AbridgedAccounts 2023-04-01 2024-02-29 OC437554 frs-bus:SmallEntities 2023-04-01 2024-02-29 OC437554 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-02-29 OC437554 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-02-29 OC437554 frs-countries:EnglandWales 2023-04-01 2024-02-29 OC437554 frs-bus:PartnerLLP1 2023-04-01 2024-02-29 OC437554 frs-bus:PartnerLLP2 2023-04-01 2024-02-29 OC437554 2022-03-31 OC437554 2023-03-31 OC437554 2022-04-01 2023-03-31 OC437554 frs-core:OtherReservesSubtotal 2022-03-31
Registered number: OC437554
The Wineburner LLP
Unaudited ABRIDGED Financial Statements
For the Period 1 April 2023 to 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Reconciliation of Members' Interests 3—5
Notes to the Abridged Financial Statements 5—6
Page 1
Abridged Balance Sheet
Registered number: OC437554
29 February 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 560 560
Tangible Assets 5 453,028 471,491
453,588 472,051
CURRENT ASSETS
Stocks 18,977 18,977
Debtors - 40,024
Cash at bank and in hand 3,632 1,520
22,609 60,521
Creditors: Amounts Falling Due Within One Year (122,481 ) (133,919 )
NET CURRENT ASSETS (LIABILITIES) (99,872 ) (73,398 )
TOTAL ASSETS LESS CURRENT LIABILITIES 353,716 398,653
NET ASSETS ATTRIBUTABLE TO MEMBERS 353,716 398,653
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability - (817)
Other amounts - 928
- 111
Equity
Members' other interests
Members' capital 735,500 670,000
Other reserves (381,784) (271,458)
353,716 398,542
353,716 398,653
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year - 111
Members' other interests 353,716 398,542
353,716 398,653
Page 1
Page 2
For the period ending 29 February 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.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Charles Barnick
Designated Member
29/07/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Members'Capital classified as Debt
£ £ £ £
Amounts due to members - - - -
Balance at 1 April 2022 535,000 (70,844 ) 464,156 -
Profit/(loss) for the financial year available for discretionary division among members - (200,614 ) (200,614 ) -
Members' interests after profit/(loss) for the year 535,000 (271,458) 263,542 -
Introduced by members 135,000 - 135,000 -
Drawings - - - -
Repayment of Capital - - - (817)
Amounts due to members - - - (817)
As at 31 March 2023 and 1 April 2023 670,000 (271,458) 398,542 (817)
Profit/(loss) for the financial year available for discretionary division among members - (110,326 ) (110,326 ) -
Members' interests after profit/(loss) for the year 670,000 (381,784) 288,216 (817)
Introduced by members 65,500 - 65,500 -
Drawings - - - -
Repayment of Capital - - - -
Other Movements - - - 817
Amounts due to members - - - -
As at 29 February 2024 735,500 (381,784) 353,716 -
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts Total Debts Total members' interest
£ £ £
Amounts due to members 817 817 -
Balance at 1 April 2022 817 817 464,973
Profit/(loss) for the financial year available for discretionary division among members - - (200,614 )
Members' interests after profit/(loss) for the year 817 817 264,359
...CONTINUED
Page 3
Page 4
Introduced by members - - 135,000
Drawings 111 111 111
Repayment of Capital - (817) (817)
Amounts due to members 928 111 -
As at 31 March 2023 and 1 April 2023 928 111 398,653
Profit/(loss) for the financial year available for discretionary division among members - - (110,326 )
Members' interests after profit/(loss) for the year 928 111 288,327
Introduced by members - - 65,500
Drawings (928) (928) (928)
Repayment of Capital - - -
Other Movements - 817 817
Amounts due to members - - -
As at 29 February 2024 - - 353,716
Page 4
Page 5
Notes to the Abridged Financial Statements
1. General Information
The Wineburner LLP is a limited liability partnership, incorporated in England & Wales, registered number OC437554 . The Registered Office is Martello Lodge, Undercliff, Sandgate, Folkestone, Kent, CT20 3AT.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Leasehold 2% on cost
Plant & Machinery 10% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 period was: 2 (2023: 2)
2 2
Page 5
Page 6
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 560
As at 29 February 2024 560
Net Book Value
As at 29 February 2024 560
As at 1 April 2023 560
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 527,267
Additions 24,629
As at 29 February 2024 551,896
Depreciation
As at 1 April 2023 55,776
Provided during the period 43,092
As at 29 February 2024 98,868
Net Book Value
As at 29 February 2024 453,028
As at 1 April 2023 471,491
Page 6