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 OC414343 Mr Hamish Reginald Magoffin Mr Victor Celaya Mr Ricardo Celaya iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC414343 2023-03-31 OC414343 2024-03-31 OC414343 2023-04-01 2024-03-31 OC414343 frs-core:CurrentFinancialInstruments 2024-03-31 OC414343 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC414343 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC414343 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC414343 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC414343 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC414343 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC414343 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414343 frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC414343 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC414343 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414343 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414343 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC414343 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC414343 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC414343 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC414343 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC414343 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC414343 2022-03-31 OC414343 2023-03-31 OC414343 2022-04-01 2023-03-31 OC414343 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC414343
Break Off Mark I LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mirandus Accountants Limited
5 St Bride Street
London
EC4A 4AS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC414343
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,450,316 1,399,072
1,450,316 1,399,072
CURRENT ASSETS
Debtors 5 7,764 1,647
Cash at bank and in hand 7,699 8,159
15,463 9,806
Creditors: Amounts Falling Due Within One Year 7 (460 ) -
NET CURRENT ASSETS (LIABILITIES) 15,003 9,806
TOTAL ASSETS LESS CURRENT LIABILITIES 1,465,319 1,408,878
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,465,319 1,408,878
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 10,982 10,304
10,982 10,304
Equity
Members' other interests
Members' capital 1,430,741 1,373,482
Revaluation reserve 3,115 3,115
Other reserves 20,481 21,977
1,454,337 1,398,574
1,465,319 1,408,878
TOTAL MEMBERS' INTEREST
Amounts due from members (7,677) (1,496)
Loans and other debts due to members within one year 10,982 10,304
Members' other interests 1,454,337 1,398,574
1,457,642 1,407,382
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
Mr Hamish Reginald Magoffin
Designated Member
21 November 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
Break Off Mark I LLP is a limited liability partnership, incorporated in England & Wales, registered number OC414343 . The Registered Office is 43 Berkeley Square, London, W1J 5AP.
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.
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. 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. Investments
Unlisted
£
Cost
As at 1 April 2023 4,021,980
Additions 51,244
As at 31 March 2024 4,073,224
Provision
As at 1 April 2023 2,622,908
As at 31 March 2024 2,622,908
Net Book Value
As at 31 March 2024 1,450,316
As at 1 April 2023 1,399,072
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87 151
Amounts due from members 7,677 1,496
7,764 1,647
6. Current Asset Investments
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 460 -
460 -
Page 4