Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 March 2022 false 1 April 2023 31 March 2024 31 March 2024 OC435524 Mr H S Wilkhu Mrs S K Wilkhu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC435524 2023-03-31 OC435524 2024-03-31 OC435524 2023-04-01 2024-03-31 OC435524 frs-core:Non-currentFinancialInstruments 2024-03-31 OC435524 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 OC435524 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 OC435524 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC435524 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC435524 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC435524 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC435524 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC435524 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC435524 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC435524 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC435524 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC435524 2022-02-28 OC435524 2023-03-31 OC435524 2022-03-01 2023-03-31 OC435524 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC435524
SHW Homes LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC435524
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,670,000 1,670,000
1,670,000 1,670,000
TOTAL ASSETS LESS CURRENT LIABILITIES 1,670,000 1,670,000
Creditors: Amounts Falling Due After More Than One Year 4 (921,321 ) (913,198 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 748,679 756,802
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 65,175 51,209
65,175 51,209
Equity
Members' other interests
Members' capital 683,504 705,593
683,504 705,593
748,679 756,802
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 65,175 51,209
Members' other interests 683,504 705,593
748,679 756,802
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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 Income Statement.
On behalf of the members
Mrs S K Wilkhu
Designated Member
01/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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 UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3. Investment Properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
1.4. Financial Instruments
The partnership only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the partnership's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The partnership includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows:
31 March 2024 31 March 2023
Office and administration 2 2
2 2
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3. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2023 1,670,000
As at 31 March 2024 1,670,000
Net Book Value
As at 31 March 2024 1,670,000
As at 1 April 2023 1,670,000
4. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 921,321 913,198
921,321 913,198
5. General Information
SHW Homes LLP is a limited liability partnership, incorporated in England & Wales, registered number OC435524 . The Registered Office is C/O Goldwyns London LLP, No 1 Royal Exchange , London , EC3V 3DG.
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