Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 March 2024 31 March 2024 OC377961 Mrs S J Crockett Mr K A Crockett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC377961 2023-08-31 OC377961 2024-03-31 OC377961 2023-09-01 2024-03-31 OC377961 frs-core:CurrentFinancialInstruments 2024-03-31 OC377961 frs-core:ComputerEquipment 2024-03-31 OC377961 frs-core:ComputerEquipment 2023-09-01 2024-03-31 OC377961 frs-core:ComputerEquipment 2023-08-31 OC377961 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC377961 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-03-31 OC377961 frs-bus:FilletedAccounts 2023-09-01 2024-03-31 OC377961 frs-bus:SmallEntities 2023-09-01 2024-03-31 OC377961 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC377961 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-03-31 OC377961 frs-countries:EnglandWales 2023-09-01 2024-03-31 OC377961 frs-bus:PartnerLLP1 2023-09-01 2024-03-31 OC377961 frs-bus:PartnerLLP2 2023-09-01 2024-03-31 OC377961 2022-08-31 OC377961 2023-08-31 OC377961 2022-09-01 2023-08-31 OC377961 frs-core:CurrentFinancialInstruments 2023-08-31
Registered number: OC377961
Bromley Hays Property LLP
Unaudited Financial Statements
For the Period 1 September 2023 to 31 March 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC377961
31 March 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 200,000 200,000
200,000 200,000
CURRENT ASSETS
Debtors 6 407 917
Cash at bank and in hand 15,863 8,662
16,270 9,579
Creditors: Amounts Falling Due Within One Year 7 (2,906 ) (2,257 )
NET CURRENT ASSETS (LIABILITIES) 13,364 7,322
TOTAL ASSETS LESS CURRENT LIABILITIES 213,364 207,322
NET ASSETS ATTRIBUTABLE TO MEMBERS 213,364 207,322
REPRESENTED BY:
Equity
Members' other interests
Revaluation reserve 65,253 65,253
Loans and other debts due to members 148,111 142,069
213,364 207,322
TOTAL MEMBERS' INTEREST
Members' other interests 213,364 207,322
213,364 207,322
Page 1
Page 2
For the period 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
Mrs S J Crockett
Designated Member
3 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
Bromley Hays Property LLP is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.
The significant accounting polocies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Computer Equipment Straight line over 3 years
2.4. Investment Properties
Investment property is shown at the most recent valuation.  Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
The investment property was valued at 31 August 2022 at a fair value of £200,000 by the members.  In the opinion of the members, the investment property is included at an amount that accords to its fair value at the balance sheet date.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment in the profit and loss account in other administrative expenses.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 150
As at 31 March 2024 150
Depreciation
As at 1 September 2023 150
As at 31 March 2024 150
Net Book Value
As at 31 March 2024 -
As at 1 September 2023 -
5. Investment Property
31 March 2024
£
Fair Value
As at 1 September 2023 and 31 March 2024 200,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 March 2024 31 August 2023
£ £
Cost 134,747 134,747
6. Debtors
31 March 2024 31 August 2023
£ £
Due within one year
Prepayments and accrued income 407 917
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 August 2023
£ £
Accruals and deferred income 2,906 2,257
Page 4