Acorah Software Products - Accounts Production 16.0.110 false true 25 February 2023 26 February 2022 false 26 February 2023 31 March 2024 31 March 2024 SO305232 W Arbuthnot Leslie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO305232 2023-02-25 SO305232 2024-03-31 SO305232 2023-02-26 2024-03-31 SO305232 frs-core:CurrentFinancialInstruments 2024-03-31 SO305232 frs-core:Non-currentFinancialInstruments 2024-03-31 SO305232 frs-core:BetweenOneFiveYears 2024-03-31 SO305232 frs-core:ComputerEquipment 2024-03-31 SO305232 frs-core:ComputerEquipment 2023-02-26 2024-03-31 SO305232 frs-core:ComputerEquipment 2023-02-25 SO305232 frs-core:FurnitureFittings 2024-03-31 SO305232 frs-core:FurnitureFittings 2023-02-26 2024-03-31 SO305232 frs-core:FurnitureFittings 2023-02-25 SO305232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SO305232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-26 2024-03-31 SO305232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-25 SO305232 frs-core:MotorVehicles 2024-03-31 SO305232 frs-core:MotorVehicles 2023-02-26 2024-03-31 SO305232 frs-core:MotorVehicles 2023-02-25 SO305232 frs-core:OtherResidualIntangibleAssets 2024-03-31 SO305232 frs-core:OtherResidualIntangibleAssets 2023-02-26 2024-03-31 SO305232 frs-core:OtherResidualIntangibleAssets 2023-02-25 SO305232 frs-core:PlantMachinery 2024-03-31 SO305232 frs-core:PlantMachinery 2023-02-26 2024-03-31 SO305232 frs-core:PlantMachinery 2023-02-25 SO305232 frs-core:WithinOneYear 2024-03-31 SO305232 frs-bus:LimitedLiabilityPartnershipLLP 2023-02-26 2024-03-31 SO305232 frs-bus:LimitedLiabilityPartnershipsSORP 2023-02-26 2024-03-31 SO305232 frs-bus:FilletedAccounts 2023-02-26 2024-03-31 SO305232 frs-bus:SmallEntities 2023-02-26 2024-03-31 SO305232 frs-bus:AuditExempt-NoAccountantsReport 2023-02-26 2024-03-31 SO305232 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-26 2024-03-31 SO305232 frs-core:ListedExchangeTraded 2024-03-31 SO305232 frs-core:ListedExchangeTraded 2023-02-25 SO305232 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-25 SO305232 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 SO305232 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-25 SO305232 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 SO305232 frs-core:CurrentFinancialInstruments 9 2024-03-31 SO305232 frs-countries:EnglandWales 2023-02-26 2024-03-31 SO305232 frs-bus:PartnerLLP1 2023-02-26 2024-03-31 SO305232 2022-02-25 SO305232 2023-02-25 SO305232 2022-02-26 2023-02-25 SO305232 frs-core:CurrentFinancialInstruments 2023-02-25 SO305232 frs-core:Non-currentFinancialInstruments 2023-02-25 SO305232 frs-core:BetweenOneFiveYears 2023-02-25 SO305232 frs-core:WithinOneYear 2023-02-25 SO305232 frs-core:CurrentFinancialInstruments 9 2023-02-25
Registered number: SO305232
Warthill Limited Liability Partnership
Unaudited Financial Statements
For the Period 26 February 2023 to 31 March 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SO305232
31 March 2024 25 February 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,782,867
Tangible Assets 5 3,793,616 6,650
Investments 6 18,831 18,831
3,812,447 3,808,348
CURRENT ASSETS
Debtors 7 39,739 -
Cash at bank and in hand 33,392 40,950
73,131 40,950
Creditors: Amounts Falling Due Within One Year 8 (1,019,283 ) (956,005 )
NET CURRENT ASSETS (LIABILITIES) (946,152 ) (915,055 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,866,295 2,893,293
Creditors: Amounts Falling Due After More Than One Year 9 (31,314 ) (794,020 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,834,981 2,099,273
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 114,970 114,970
114,970 114,970
Equity
Members' other interests
Members' capital 2,632,114 1,896,406
Other reserves 87,897 87,897
2,720,011 1,984,303
2,834,981 2,099,273
TOTAL MEMBERS' INTEREST
Amounts due from members (39,739) -
Loans and other debts due to members within one year 114,970 114,970
Members' other interests 2,720,011 1,984,303
2,795,242 2,099,273
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
W Arbuthnot Leslie
Designated Member
20/12/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Warthill Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number SO305232 . The Registered Office is Warthill House, Meikle Wartle, Near Inverurie, Aberdeenshire, AB51 5BJ.
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 NA
Plant & Machinery 20% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 26 February 2023 3,782,867
Disposals (3,782,867 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 26 February 2023 3,782,867
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 26 February 2023 - 34,942 - 132
Additions 3,782,867 - 10,495 -
As at 31 March 2024 3,782,867 34,942 10,495 132
Depreciation
As at 26 February 2023 - 28,391 - 33
Provided during the period - 3,747 2,624 25
As at 31 March 2024 - 32,138 2,624 58
Net Book Value
As at 31 March 2024 3,782,867 2,804 7,871 74
As at 26 February 2023 - 6,551 - 99
Computer Equipment Total
£ £
Cost
As at 26 February 2023 8,496 43,570
Additions - 3,793,362
As at 31 March 2024 8,496 3,836,932
Depreciation
As at 26 February 2023 8,496 36,920
Provided during the period - 6,396
As at 31 March 2024 8,496 43,316
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 - 3,793,616
As at 26 February 2023 - 6,650
6. Investments
Listed
£
Cost
As at 26 February 2023 18,831
As at 31 March 2024 18,831
Provision
As at 26 February 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 18,831
As at 26 February 2023 18,831
7. Debtors
31 March 2024 25 February 2023
£ £
Due within one year
Amounts due from members 39,739 -
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 25 February 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,623 -
Trade creditors 2 1,041
Bank loans and overdrafts 914,223 908,000
Bank Loan less than year 10,000 -
Other taxes and social security - 1,010
VAT - 6,608
Net wages - 35,068
Other creditors - 487
Deferred income 89,759 -
Accruals and deferred income 2,676 3,791
1,019,283 956,005
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 25 February 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,778 -
Bank loans 24,536 794,020
31,314 794,020
10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 25 February 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,623 -
Later than one year and not later than five years 6,778 -
9,401 -
9,401 -
Page 6