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 SO305988 Anthem Legal Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO305988 2023-03-31 SO305988 2024-03-31 SO305988 2023-04-01 2024-03-31 SO305988 frs-core:CurrentFinancialInstruments 2024-03-31 SO305988 frs-core:Non-currentFinancialInstruments 2024-03-31 SO305988 frs-core:ComputerEquipment 2024-03-31 SO305988 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SO305988 frs-core:ComputerEquipment 2023-03-31 SO305988 frs-core:FurnitureFittings 2024-03-31 SO305988 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SO305988 frs-core:FurnitureFittings 2023-03-31 SO305988 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SO305988 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SO305988 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO305988 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SO305988 frs-core:MotorVehicles 2023-04-01 2024-03-31 SO305988 frs-core:PlantMachinery 2024-03-31 SO305988 frs-core:PlantMachinery 2023-04-01 2024-03-31 SO305988 frs-core:PlantMachinery 2023-03-31 SO305988 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 SO305988 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 SO305988 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SO305988 frs-bus:SmallEntities 2023-04-01 2024-03-31 SO305988 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SO305988 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SO305988 frs-countries:Scotland 2023-04-01 2024-03-31 SO305988 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 SO305988 2022-03-31 SO305988 2023-03-31 SO305988 2022-04-01 2023-03-31 SO305988 frs-core:CurrentFinancialInstruments 2023-03-31 SO305988 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: SO305988
Stephen & Robb LLP
Financial Statements
For The Year Ended 31 March 2024
Northgate Accounting Services Limited
1 MacDowall Street
Paisley
PA3 2NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SO305988
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109,828 89,418
Investment Properties 5 75,000 110,000
184,828 199,418
CURRENT ASSETS
Stocks 6 70,448 79,167
Debtors 7 8,378 27,496
Cash at bank and in hand 275,604 40,716
354,430 147,379
Creditors: Amounts Falling Due Within One Year 8 (284,052 ) (35,269 )
NET CURRENT ASSETS (LIABILITIES) 70,378 112,110
TOTAL ASSETS LESS CURRENT LIABILITIES 255,206 311,528
Creditors: Amounts Falling Due After More Than One Year 9 (208,034 ) (208,034 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 47,172 103,494
REPRESENTED BY:
Equity
Members' other interests
Members' capital (117,366) -
Other reserves 164,538 103,494
47,172 103,494
TOTAL MEMBERS' INTEREST
Members' other interests 47,172 103,494
47,172 103,494
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
Anthem Legal Limited
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
Stephen & Robb LLP is a limited liability partnership, incorporated in Scotland, registered number SO305988 . The Registered Office is Solstice, Shougle Wood, Birnie, By Elgin, IV30 8SW.
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:
Freehold 0
Leasehold 0
Plant & Machinery 15% RB
Motor Vehicles 20% RB
Fixtures & Fittings 33% RB
Computer Equipment 33% SL
2.4. 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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 9 (2023: )
9 -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 80,500 21,182 - - 101,682
Additions - 165 23,619 542 24,326
As at 31 March 2024 80,500 21,347 23,619 542 126,008
Depreciation
As at 1 April 2023 - 12,264 - - 12,264
Provided during the period - 1,383 2,362 171 3,916
As at 31 March 2024 - 13,647 2,362 171 16,180
Net Book Value
As at 31 March 2024 80,500 7,700 21,257 371 109,828
As at 1 April 2023 80,500 8,918 - - 89,418
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 110,000
Disposals (35,000 )
As at 31 March 2024 75,000
6. Stocks
2024 2023
£ £
Stock 1,750 -
Work in progress 68,698 79,167
70,448 79,167
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,031 8,545
Other debtors 7,347 18,951
8,378 27,496
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 273,622 23,445
Taxation and social security 10,430 11,824
284,052 35,269
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 208,034 208,034
Page 5