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 OC357119 Mr Lorand Borbely Mr Petru Salageanu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC357119 2023-03-31 OC357119 2024-03-31 OC357119 2023-04-01 2024-03-31 OC357119 frs-core:CurrentFinancialInstruments 2024-03-31 OC357119 frs-core:Non-currentFinancialInstruments 2024-03-31 OC357119 frs-core:ComputerEquipment 2024-03-31 OC357119 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC357119 frs-core:ComputerEquipment 2023-03-31 OC357119 frs-core:NetGoodwill 2024-03-31 OC357119 frs-core:NetGoodwill 2023-04-01 2024-03-31 OC357119 frs-core:NetGoodwill 2023-03-31 OC357119 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC357119 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC357119 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC357119 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC357119 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC357119 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC357119 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC357119 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC357119 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC357119 2022-03-31 OC357119 2023-03-31 OC357119 2022-04-01 2023-03-31 OC357119 frs-core:CurrentFinancialInstruments 2023-03-31 OC357119 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC357119
L&M Lettings LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
MACRO ACCOUNTANCY LTD
Willows Holt Yard
Willows Holt, Willows Lane,
Sibsey, Boston
Lincolnshire
PE22 0TG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC357119
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 2,400 2,400
Cash at bank and in hand 143,590 123,683
145,990 126,083
Creditors: Amounts Falling Due Within One Year 6 (33,234 ) (16,996 )
NET CURRENT ASSETS (LIABILITIES) 112,756 109,087
TOTAL ASSETS LESS CURRENT LIABILITIES 112,756 109,087
Creditors: Amounts Falling Due After More Than One Year 7 (9,000 ) (15,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 103,756 94,087
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 35,194 34,414
Other amounts 65,433 56,544
100,627 90,958
Equity
Members' other interests
Members' capital 43,925 43,925
Other reserves (40,796) (40,796)
3,129 3,129
103,756 94,087
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 100,627 90,958
Members' other interests 3,129 3,129
103,756 94,087
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 Lorand Borbely
Designated Member
08/11/2024
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
L&M Lettings LLP is a limited liability partnership, incorporated in England & Wales, registered number OC357119 . The Registered Office is 26 Wide Bargate, Boston, Lincolnshire, PE21 6RX.
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 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 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:
Computer Equipment 33% straight line basis
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 3)
2 3
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 1,107
As at 31 March 2024 1,107
Depreciation
As at 1 April 2023 1,107
As at 31 March 2024 1,107
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 5,075
Bank loans and overdrafts 6,000 6,000
Other taxes and social security 1,374 250
VAT 4,510 5,046
Other creditors 21,000 -
Accruals and deferred income 350 625
33,234 16,996
Page 4
Page 5
The company had took the business bounce back loan supported by the UK government. This was a unsecured loan.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,000 15,000
The company had took the business bounce back loan supported by the UK government. This was a unsecured loan.
Page 5