Acorah Software Products - Accounts Production 16.0.110 false true false 1 March 2023 28 February 2024 28 February 2024 OC446009 Mr A Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC446009 2023-02-28 OC446009 2024-02-28 OC446009 2023-03-01 2024-02-28 OC446009 frs-core:CurrentFinancialInstruments 2024-02-28 OC446009 frs-core:MotorVehicles 2024-02-28 OC446009 frs-core:MotorVehicles 2023-03-01 2024-02-28 OC446009 frs-core:MotorVehicles 2023-02-28 OC446009 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-28 OC446009 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-02-28 OC446009 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 OC446009 frs-bus:SmallEntities 2023-03-01 2024-02-28 OC446009 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 OC446009 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 OC446009 frs-countries:EnglandWales 2023-03-01 2024-02-28 OC446009 frs-bus:PartnerLLP1 2023-03-01 2024-02-28
Registered number: OC446009
REL Capital Partners LLP
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC446009
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,906
3,906
CURRENT ASSETS
Debtors 5 50,755
Cash at bank and in hand 376
51,131
Creditors: Amounts Falling Due Within One Year 6 (6,368 )
NET CURRENT ASSETS (LIABILITIES) 44,763
TOTAL ASSETS LESS CURRENT LIABILITIES 48,669
NET ASSETS ATTRIBUTABLE TO MEMBERS 48,669
REPRESENTED BY:
Equity
Members' other interests
Members' capital 48,669
48,669
TOTAL MEMBERS' INTEREST
Amounts due from members (37,555)
Members' other interests 48,669
11,114
Page 1
Page 2
For the year ending 28 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.
On behalf of the members
Mr A Scott
Designated Member
26th 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
REL Capital Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC446009 . The Registered Office is 8th Floor, 4 Golden Square, London, W1F 9HT.
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 25
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2
2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 March 2023 -
Additions 4,360
As at 28 February 2024 4,360
Depreciation
As at 1 March 2023 -
Provided during the period 454
As at 28 February 2024 454
Net Book Value
As at 28 February 2024 3,906
As at 1 March 2023 -
Page 3
Page 4
5. Debtors
2024
£
Due within one year
Trade debtors 13,200
Other debtors 37,555
50,755
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 5,805
Taxation and social security 563
6,368
Page 4