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 OC430048 Mr Hamish Reginald Magoffin Mr Robert Leahy Mr Ricardo Celaya iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC430048 2023-03-31 OC430048 2024-03-31 OC430048 2023-04-01 2024-03-31 OC430048 frs-core:CurrentFinancialInstruments 2024-03-31 OC430048 frs-core:Non-currentFinancialInstruments 2024-03-31 OC430048 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC430048 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC430048 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC430048 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC430048 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC430048 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC430048 frs-core:CostValuation 2023-03-31 OC430048 frs-core:CostValuation 2024-03-31 OC430048 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 OC430048 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 OC430048 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC430048 frs-core:Non-currentFinancialInstruments 1 2024-03-31 OC430048 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC430048 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC430048 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC430048 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC430048 2022-03-31 OC430048 2023-03-31 OC430048 2022-04-01 2023-03-31 OC430048 frs-core:CurrentFinancialInstruments 2023-03-31 OC430048 frs-core:Non-currentFinancialInstruments 2023-03-31 OC430048 frs-core:CurrentFinancialInstruments 1 2023-03-31 OC430048 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: OC430048
Break Off Mark II LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mirandus Accountants Limited
5 St Bride Street
London
EC4A 4AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC430048
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,859 4,859
4,859 4,859
CURRENT ASSETS
Debtors 5 2,766 1,771
Investments 6 1,293,727 1,274,699
Cash at bank and in hand 1,044 26,939
1,297,537 1,303,409
Creditors: Amounts Falling Due Within One Year 7 (1,674 ) (1,674 )
NET CURRENT ASSETS (LIABILITIES) 1,295,863 1,301,735
TOTAL ASSETS LESS CURRENT LIABILITIES 1,300,722 1,306,594
Creditors: Amounts Falling Due After More Than One Year 8 22,334 2,065
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,323,056 1,308,659
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 37,838 36,286
37,838 36,286
Equity
Members' other interests
Members' capital 1,093,484 1,078,490
Revaluation reserve 197,894 197,894
Other reserves (6,160) (4,011)
1,285,218 1,272,373
1,323,056 1,308,659
TOTAL MEMBERS' INTEREST
Amounts due from members (1,789) -
Loans and other debts due to members within one year 37,838 36,286
Members' other interests 1,285,218 1,272,373
1,321,267 1,308,659
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 Hamish Reginald Magoffin
Designated Member
2 December 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
Break Off Mark II LLP is a limited liability partnership, incorporated in England & Wales, registered number OC430048 . The Registered Office is 43 Berkeley Square, London, W1J 5AP.
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.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Investments
Other
£
Cost
As at 1 April 2023 4,859
As at 31 March 2024 4,859
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 4,859
As at 1 April 2023 4,859
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 977 1,771
Amounts due from members 1,789 -
2,766 1,771
Page 3
Page 4
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 1,293,727 1,274,699
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Partners - Overpayment 1,674 1,674
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan from HRM (22,334 ) (2,065 )
Page 4