Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 31 March 2024 31 March 2024 OC419253 Mr Paul Wildsmith Mr Neal Craven the members true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC419253 2023-02-28 OC419253 2024-03-31 OC419253 2023-03-01 2024-03-31 OC419253 frs-core:CurrentFinancialInstruments 2024-03-31 OC419253 frs-core:Non-currentFinancialInstruments 2024-03-31 OC419253 frs-core:BetweenOneFiveYears 2024-03-31 OC419253 frs-core:ComputerEquipment 2024-03-31 OC419253 frs-core:ComputerEquipment 2023-03-01 2024-03-31 OC419253 frs-core:ComputerEquipment 2023-02-28 OC419253 frs-core:MotorVehicles 2024-03-31 OC419253 frs-core:MotorVehicles 2023-03-01 2024-03-31 OC419253 frs-core:MotorVehicles 2023-02-28 OC419253 frs-core:WithinOneYear 2024-03-31 OC419253 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-03-31 OC419253 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-03-31 OC419253 frs-bus:FilletedAccounts 2023-03-01 2024-03-31 OC419253 frs-bus:SmallEntities 2023-03-01 2024-03-31 OC419253 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 OC419253 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-03-31 OC419253 1 2023-03-01 2024-03-31 OC419253 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC419253 frs-countries:EnglandWales 2023-03-01 2024-03-31 OC419253 frs-bus:PartnerLLP1 2023-03-01 2024-03-31 OC419253 frs-bus:PartnerLLP2 2023-03-01 2024-03-31 OC419253 2022-02-28 OC419253 2023-02-28 OC419253 2022-03-01 2023-02-28 OC419253 frs-core:CurrentFinancialInstruments 2023-02-28 OC419253 frs-core:Non-currentFinancialInstruments 2023-02-28 OC419253 frs-core:BetweenOneFiveYears 2023-02-28 OC419253 frs-core:WithinOneYear 2023-02-28 OC419253 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: OC419253
Craven Wildsmith Property Management LLP
Unaudited Financial Statements
For the Period 1 March 2023 to 31 March 2024
Lewis's
Windsor House
44 High Road, Balby
Doncaster
South Yorkshire
DN4 0PL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC419253
31 March 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,168 1,813
47,168 1,813
CURRENT ASSETS
Debtors 5 24,591 42,414
Cash at bank and in hand 33,696 8,247
58,287 50,661
Creditors: Amounts Falling Due Within One Year 6 (43,298 ) (14,185 )
NET CURRENT ASSETS (LIABILITIES) 14,989 36,476
TOTAL ASSETS LESS CURRENT LIABILITIES 62,157 38,289
Creditors: Amounts Falling Due After More Than One Year 7 (62,157 ) (38,289 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
TOTAL MEMBERS' INTEREST
Amounts due from members (18,341) (38,063)
(18,341) (38,063)
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For the period 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
Mr Neal Craven
Designated Member
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Craven Wildsmith Property Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC419253 . The Registered Office is 33 Northgate, Liley House, Tickhill, Doncaster, DN11 9HZ.
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. 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:
Motor Vehicles 15% on Cost
Computer Equipment 33% on Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 5 (2023: 4)
5 4
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 - 3,772 3,772
Additions 44,095 3,872 47,967
As at 31 March 2024 44,095 7,644 51,739
Depreciation
As at 1 March 2023 - 1,959 1,959
Provided during the period 1,526 1,086 2,612
As at 31 March 2024 1,526 3,045 4,571
Net Book Value
As at 31 March 2024 42,569 4,599 47,168
As at 1 March 2023 - 1,813 1,813
5. Debtors
31 March 2024 28 February 2023
£ £
Due within one year
Trade debtors 630 681
Prepayments and accrued income 620 624
Other debtors 5,000 -
Other taxes and social security - 3,046
Amounts due from members 18,341 38,063
24,591 42,414
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 28 February 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,581 -
Trade creditors 5,165 6,213
Bank loans and overdrafts 5,520 -
Other taxes and social security 500 -
VAT 5,859 2,430
Other creditors 6,698 3,744
Pension creditor 145 130
Accruals and deferred income 12,830 1,668
43,298 14,185
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7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 28 February 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,418 -
Bank loans 28,739 38,289
62,157 38,289
8. Obligations Under Finance Leases and Hire Purchase
31 March 2024 28 February 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,581 -
Later than one year and not later than five years 33,418 -
39,999 -
39,999 -
9. Ultimate Controlling Party
The LLP's ultimate controlling party is the members .
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