Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 OC355702 Mr Brian Peters Mr Christopher Haynes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC355702 2023-06-30 OC355702 2024-06-30 OC355702 2023-07-01 2024-06-30 OC355702 frs-core:CurrentFinancialInstruments 2024-06-30 OC355702 frs-core:Non-currentFinancialInstruments 2024-06-30 OC355702 frs-core:ComputerEquipment 2024-06-30 OC355702 frs-core:ComputerEquipment 2023-07-01 2024-06-30 OC355702 frs-core:ComputerEquipment 2023-06-30 OC355702 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 OC355702 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 OC355702 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 OC355702 frs-core:FurnitureFittings 2024-06-30 OC355702 frs-core:FurnitureFittings 2023-07-01 2024-06-30 OC355702 frs-core:FurnitureFittings 2023-06-30 OC355702 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC355702 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-06-30 OC355702 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 OC355702 frs-bus:SmallEntities 2023-07-01 2024-06-30 OC355702 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 OC355702 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 OC355702 frs-countries:EnglandWales 2023-07-01 2024-06-30 OC355702 frs-bus:PartnerLLP1 2023-07-01 2024-06-30 OC355702 frs-bus:PartnerLLP2 2023-07-01 2024-06-30 OC355702 2022-06-30 OC355702 2023-06-30 OC355702 2022-07-01 2023-06-30 OC355702 frs-core:CurrentFinancialInstruments 2023-06-30 OC355702 frs-core:Non-currentFinancialInstruments 2023-06-30
Registered number: OC355702
Horley Miniature Locomotives LLP
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
ACA
13 Southgate Parade
Crawley
RH10 6ER
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC355702
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 28,000 28,000
28,000 28,000
CURRENT ASSETS
Stocks 6 15,127 16,102
Debtors 7 5,679 1,245
Cash at bank and in hand 3,189 6,006
23,995 23,353
Creditors: Amounts Falling Due Within One Year 8 297 -
NET CURRENT ASSETS (LIABILITIES) 24,292 23,353
TOTAL ASSETS LESS CURRENT LIABILITIES 52,292 51,353
Creditors: Amounts Falling Due After More Than One Year 9 (693 ) (30 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 51,599 51,323
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts - 636
- 636
Equity
Members' other interests
Members' capital 41,028 40,116
Other reserves 10,571 10,571
51,599 50,687
51,599 51,323
TOTAL MEMBERS' INTEREST
Amounts due from members (4,729) (295)
Loans and other debts due to members within one year - 636
Members' other interests 51,599 50,687
46,870 51,028
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Page 2
For the year ending 30 June 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 Brian Peters
Designated Member
19/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Horley Miniature Locomotives LLP is a limited liability partnership, incorporated in England & Wales, registered number OC355702 . The Registered Office is 95 Poynings Road, Ifield West, Crawley, West Sussex, RH11 0TN.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Fixtures & Fittings 33% SLM
Computer Equipment 33% SLM
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 1)
1 1
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 July 2023 28,000
As at 30 June 2024 28,000
Net Book Value
As at 30 June 2024 28,000
As at 1 July 2023 28,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 202 260 462
As at 30 June 2024 202 260 462
Depreciation
As at 1 July 2023 202 260 462
As at 30 June 2024 202 260 462
Net Book Value
As at 30 June 2024 - - -
As at 1 July 2023 - - -
6. Stocks
2024 2023
£ £
Finished goods 15,127 16,102
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 950 950
Amounts due from members 4,729 295
5,679 1,245
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income (297 ) -
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 693 30
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