Registered number
OC416683
ACDMR LLP
Filleted Accounts
31 March 2024
ACDMR LLP
Registered number: OC416683
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 81,887 81,887
Current assets
Debtors 4 221,296 542,482
Cash at bank and in hand 18,586 6,573
239,882 549,055
Creditors: amounts falling due within one year 5 (42,667) (10,001)
Net current assets 197,215 539,054
Total assets less current liabilities 279,102 620,941
Creditors: amounts falling due after more than one year 6 (21,667) (31,487)
Net assets attributable to members 257,435 589,454
Represented by:
Loans and other debts due to members 7 (6,540,182) (5,750,182)
Members' other interests
Other reserves 6,797,617 6,339,636
257,435 589,454
Total members' interests
Loans and other debts due to members 7 (6,540,182) (5,750,182)
Members' other interests 6,797,617 6,339,636
257,435 589,454
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 22 October 2024 and signed on their behalf by:
Andrew Collier
Designated member
ACDMR LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 81,887
At 31 March 2024 81,887
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 81,887
At 31 March 2023 81,887
4 Debtors 2024 2023
£ £
Trade debtors 221,333 535,482
Other debtors (37) 7,000
221,296 542,482
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 40,467 7,800
Other creditors 2,200 2,201
42,667 10,001
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,667 31,487
7 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (6,540,182) (5,750,182)
Amounts falling due within one year (6,540,182) (5,750,182)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
ACDMR LLP is a limited liability partnership incorporated in England. Its registered office is:
15 Dalegarth Avenue
Bolton
Lancashire
BL1 5DW
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