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 OC439358 Redset Solutions Limited Interiors Managed Solutions Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC439358 2023-03-31 OC439358 2024-03-31 OC439358 2023-04-01 2024-03-31 OC439358 frs-core:CurrentFinancialInstruments 2024-03-31 OC439358 frs-core:ComputerEquipment 2024-03-31 OC439358 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC439358 frs-core:ComputerEquipment 2023-03-31 OC439358 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC439358 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC439358 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC439358 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC439358 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC439358 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC439358 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC439358 frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC439358 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC439358 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC439358 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC439358 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC439358 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC439358 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC439358 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC439358 2022-03-31 OC439358 2023-03-31 OC439358 2022-04-01 2023-03-31 OC439358 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC439358
Redset Solutions Group LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC439358
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 173 298
Investments 5 1 1
174 299
CURRENT ASSETS
Debtors 6 150,660 461,032
Cash at bank and in hand 28,072 125,124
178,732 586,156
Creditors: Amounts Falling Due Within One Year 7 (89,216 ) (107,272 )
NET CURRENT ASSETS (LIABILITIES) 89,516 478,884
TOTAL ASSETS LESS CURRENT LIABILITIES 89,690 479,183
NET ASSETS ATTRIBUTABLE TO MEMBERS 89,690 479,183
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 69,690 459,183
69,690 459,183
Equity
Members' other interests
Members' capital 20,000 20,000
20,000 20,000
89,690 479,183
TOTAL MEMBERS' INTEREST
Amounts due from members (138,077) (369,260)
Loans and other debts due to members within one year 69,690 459,183
Members' other interests 20,000 20,000
(48,387) 109,923
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
Redset Solutions Limited
Designated Member
Interiors Managed Solutions Ltd
Designated Member
30th October 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
Redset Solutions Group LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439358 . The Registered Office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
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:
Computer Equipment 33.33% on cost
2.4. Investment - Company
Investment in a subsidiary company is held at cost less accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 377
As at 31 March 2024 377
Depreciation
As at 1 April 2023 79
Provided during the period 125
As at 31 March 2024 204
Net Book Value
As at 31 March 2024 173
As at 1 April 2023 298
5. Investments
Unlisted
£
Cost
As at 1 April 2023 1
As at 31 March 2024 1
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,026 79,135
Other debtors 145,634 381,897
150,660 461,032
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,526 77,456
Other creditors 33,099 22,566
Taxation and social security 4,591 7,250
89,216 107,272
Page 5