Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2023 14 November 2022 false 1 December 2023 5 April 2024 5 April 2024 OC444650 Mrs Andonea Buxton Mr Errol Buxton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC444650 2023-11-30 OC444650 2024-04-05 OC444650 2023-12-01 2024-04-05 OC444650 frs-core:CurrentFinancialInstruments 2024-04-05 OC444650 frs-core:Non-currentFinancialInstruments 2024-04-05 OC444650 frs-bus:LimitedLiabilityPartnershipLLP 2023-12-01 2024-04-05 OC444650 frs-bus:LimitedLiabilityPartnershipsSORP 2023-12-01 2024-04-05 OC444650 frs-bus:FilletedAccounts 2023-12-01 2024-04-05 OC444650 frs-bus:SmallEntities 2023-12-01 2024-04-05 OC444650 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-04-05 OC444650 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-04-05 OC444650 frs-countries:EnglandWales 2023-12-01 2024-04-05 OC444650 frs-bus:PartnerLLP1 2023-12-01 2024-04-05 OC444650 frs-bus:PartnerLLP2 2023-12-01 2024-04-05 OC444650 2022-11-13 OC444650 2023-11-30 OC444650 2022-11-14 2023-11-30 OC444650 frs-core:CurrentFinancialInstruments 2023-11-30 OC444650 frs-core:Non-currentFinancialInstruments 2023-11-30
Registered number: OC444650
Buxton Partnership LLP
Unaudited Financial Statements
For the Period 1 December 2023 to 5 April 2024
Ascot Sinclair Associates Ltd
Chartered Certified Accountants
Avondale House
262 Uxbridge Road
Hatch End
Middlesex
HA5 4HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC444650
5 April 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 5,846,000 5,846,000
5,846,000 5,846,000
CURRENT ASSETS
Debtors 5 19,613 20,000
Cash at bank and in hand 79,261 74,071
98,874 94,071
Creditors: Amounts Falling Due Within One Year 6 (14,091 ) (14,091 )
NET CURRENT ASSETS (LIABILITIES) 84,783 79,980
TOTAL ASSETS LESS CURRENT LIABILITIES 5,930,783 5,925,980
Creditors: Amounts Falling Due After More Than One Year 7 (1,639,807 ) (1,641,687 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 4,290,976 4,284,293
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 81,137 74,454
81,137 74,454
Equity
Members' other interests
Members' capital 4,209,839 4,209,839
4,209,839 4,209,839
4,290,976 4,284,293
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 81,137 74,454
Members' other interests 4,209,839 4,209,839
4,290,976 4,284,293
Page 1
Page 2
For the period ending 5 April 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 Errol Buxton
Designated Member
27/11/2024
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
Buxton Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC444650 . The Registered Office is Avondale House, 262 Uxbridge Road, Hatch End, Middlesex, HA5 4HS.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2023: NIL)
- -
4. Investment Property
5 April 2024
£
Fair Value
As at 1 December 2023 and 5 April 2024 5,846,000
5. Debtors
5 April 2024 30 November 2023
£ £
Due within one year
Trade debtors (387 ) -
Other debtors 20,000 20,000
19,613 20,000
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
5 April 2024 30 November 2023
£ £
Bank loans and overdrafts 14,091 14,091
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2024 30 November 2023
£ £
Bank loans 1,637,007 1,638,887
Other creditors 2,800 2,800
1,639,807 1,641,687
Page 4