Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 21 October 2022 false 1 April 2023 31 March 2024 31 March 2024 OC444352 J R Snowdon E V Hooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC444352 2023-03-31 OC444352 2024-03-31 OC444352 2023-04-01 2024-03-31 OC444352 frs-core:CurrentFinancialInstruments 2024-03-31 OC444352 frs-core:Non-currentFinancialInstruments 2024-03-31 OC444352 frs-core:BetweenOneFiveYears 2024-03-31 OC444352 frs-core:ComputerEquipment 2024-03-31 OC444352 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC444352 frs-core:ComputerEquipment 2023-03-31 OC444352 frs-core:MotorVehicles 2024-03-31 OC444352 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC444352 frs-core:MotorVehicles 2023-03-31 OC444352 frs-core:WithinOneYear 2024-03-31 OC444352 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC444352 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC444352 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC444352 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC444352 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC444352 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC444352 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC444352 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC444352 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC444352 2022-10-20 OC444352 2023-03-31 OC444352 2022-10-21 2023-03-31 OC444352 frs-core:CurrentFinancialInstruments 2023-03-31 OC444352 frs-core:Non-currentFinancialInstruments 2023-03-31 OC444352 frs-core:BetweenOneFiveYears 2023-03-31 OC444352 frs-core:WithinOneYear 2023-03-31
Oke Tree Network LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC444352
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,506 -
26,506 -
CURRENT ASSETS
Debtors 5 14,263 -
Cash at bank and in hand 21,204 5,000
35,467 5,000
Creditors: Amounts Falling Due Within One Year 6 (15,280 ) -
NET CURRENT ASSETS (LIABILITIES) 20,187 5,000
TOTAL ASSETS LESS CURRENT LIABILITIES 46,693 5,000
Creditors: Amounts Falling Due After More Than One Year 7 (7,640 ) -
NET ASSETS ATTRIBUTABLE TO MEMBERS 39,053 5,000
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 20,014 5,000
Other amounts 19,039 -
39,053 5,000
39,053 5,000
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 39,053 5,000
39,053 5,000
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
J R Snowdon
Designated Member
E V Hooper
Designated Member
27 August 2024
The notes on pages 4 to 5 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
Other Reserves Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £ £
Introduced by members - 5,000 - 5,000 5,000
Amounts due to members - 5,000 - 5,000 -
As at 31 March 2023 and 1 April 2023 - 5,000 - 5,000 5,000
Members' remuneration charged as an expense, including employment and retirement benefit costs - - 59,745 59,745 59,745
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year - 5,000 59,745 64,745 64,745
Introduced by members - 15,398 - 15,398 15,398
Drawings - - (40,706) (40,706) (40,706)
Repayment of debt (including members' capital classified as liability) - (384) - (384) (384)
Amounts due to members - 20,014 19,039 39,053 -
As at 31 March 2024 - 20,014 19,039 39,053 39,053
The amounts due to members represents loans and other debts due to members in respect of profits. They rank equally with debts due to ordinary creditors in the event of winding up. No restrictions or limitations exist on the ability of the members to reduce the amount of ‘Members’ other interests’.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Oke Tree Network LLP is a limited liability partnership, incorporated in England & Wales, registered number OC444352 . The Registered Office is 8 Fox Close, Okehampton, Devon, EX20 1ST.
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 is reduced for rebates and other similar allowances. Turnover is recognised on a work done basis when services are performed. 
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 20% straight line
Computer Equipment 25% straight line
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 during the year was: 2 (2023: NIL)
2 -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - - -
Additions 29,693 217 29,910
As at 31 March 2024 29,693 217 29,910
Depreciation
As at 1 April 2023 - - -
Provided during the period 3,354 50 3,404
As at 31 March 2024 3,354 50 3,404
Net Book Value
As at 31 March 2024 26,339 167 26,506
As at 1 April 2023 - - -
Page 4
Page 5
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 14,231 -
Other debtors 32 -
14,263 -
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,660 -
Trade creditors 2,408 -
Other creditors 4,336 -
Taxation and social security 4,876 -
15,280 -
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,640 -
8. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,660 -
Later than one year and not later than five years 7,640 -
11,300 -
11,300 -
Page 5