Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC416317 Dr VICTORIA HOLLIGAN Dr FERAS AL JAWBRA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC416317 2023-03-31 OC416317 2024-03-31 OC416317 2023-04-01 2024-03-31 OC416317 frs-core:CurrentFinancialInstruments 2024-03-31 OC416317 frs-core:Non-currentFinancialInstruments 2024-03-31 OC416317 frs-core:ComputerEquipment 2024-03-31 OC416317 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC416317 frs-core:ComputerEquipment 2023-03-31 OC416317 frs-core:FurnitureFittings 2024-03-31 OC416317 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC416317 frs-core:FurnitureFittings 2023-03-31 OC416317 frs-core:MotorVehicles 2024-03-31 OC416317 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC416317 frs-core:MotorVehicles 2023-03-31 OC416317 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC416317 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC416317 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC416317 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC416317 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC416317 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC416317 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC416317 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC416317 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC416317 2022-03-31 OC416317 2023-03-31 OC416317 2022-04-01 2023-03-31 OC416317 frs-core:CurrentFinancialInstruments 2023-03-31 OC416317 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC416317
PEGASUS ENERGY CONSULTING LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
N Dunlop & Co
Lairig Ghru
Dropmore Road
Burnham
Bucks
SL1 8BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC416317
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,397 22,165
16,397 22,165
CURRENT ASSETS
Debtors 5 201,616 132,987
Cash at bank and in hand 141,904 154,710
343,520 287,697
Creditors: Amounts Falling Due Within One Year 6 (6,011 ) (5,353 )
NET CURRENT ASSETS (LIABILITIES) 337,509 282,344
TOTAL ASSETS LESS CURRENT LIABILITIES 353,906 304,509
NET ASSETS ATTRIBUTABLE TO MEMBERS 353,906 304,509
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts - 104,931
- 104,931
Equity
Members' other interests
Other reserves 353,906 199,578
353,906 199,578
353,906 304,509
TOTAL MEMBERS' INTEREST
Amounts due from members (29,445) -
Loans and other debts due to members within one year - 104,931
Members' other interests 353,906 199,578
324,461 304,509
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
Dr VICTORIA HOLLIGAN
Designated Member
5th 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
PEGASUS ENERGY CONSULTING LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416317 . The Registered Office is 2nd Floor, 2 Woodbury Grove, London, England, N12 0DR.
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:
Motor Vehicles 20
Fixtures & Fittings 20
Computer Equipment 20
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 20,000 8,620 216 28,836
As at 31 March 2024 20,000 8,620 216 28,836
Depreciation
As at 1 April 2023 4,667 1,918 86 6,671
Provided during the period 4,000 1,724 44 5,768
As at 31 March 2024 8,667 3,642 130 12,439
Net Book Value
As at 31 March 2024 11,333 4,978 86 16,397
As at 1 April 2023 15,333 6,702 130 22,165
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,450 61,450
Other debtors 21,365 2,181
Amounts due from members 29,445 -
112,260 63,631
Due after more than one year
Trade debtors 89,356 69,356
201,616 132,987
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 949 950
VAT 5,062 4,403
6,011 5,353
Page 4