Acorah Software Products - Accounts Production 16.1.200 false true 31 December 2022 1 January 2022 false 1 January 2023 5 April 2024 5 April 2024 OC371441 Duntroon Consultants Limited Mr John Jennings Impar Initiatives B. V. Valep B.V B.V iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC371441 2022-12-31 OC371441 2024-04-05 OC371441 2023-01-01 2024-04-05 OC371441 frs-core:CurrentFinancialInstruments 2024-04-05 OC371441 frs-core:ComputerEquipment 2024-04-05 OC371441 frs-core:ComputerEquipment 2023-01-01 2024-04-05 OC371441 frs-core:ComputerEquipment 2022-12-31 OC371441 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-04-05 OC371441 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2024-04-05 OC371441 frs-bus:FilletedAccounts 2023-01-01 2024-04-05 OC371441 frs-bus:SmallEntities 2023-01-01 2024-04-05 OC371441 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-04-05 OC371441 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-04-05 OC371441 frs-countries:EnglandWales 2023-01-01 2024-04-05 OC371441 frs-bus:PartnerLLP1 2023-01-01 2024-04-05 OC371441 frs-bus:PartnerLLP2 2023-01-01 2024-04-05 OC371441 frs-bus:PartnerLLP3 2023-01-01 2024-04-05 OC371441 frs-bus:PartnerLLP4 2023-01-01 2024-04-05 OC371441 2021-12-31 OC371441 2022-12-31 OC371441 2022-01-01 2022-12-31 OC371441 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC371441
70:20:10 Alliance LLP
Unaudited Financial Statements
For the Period 1 January 2023 to 5 April 2024
Hargreaves & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC371441
5 April 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,547 8,205
2,547 8,205
CURRENT ASSETS
Debtors 5 82,056 53,295
Cash at bank and in hand 19,446 54,179
101,502 107,474
Creditors: Amounts Falling Due Within One Year 6 (18,651 ) (32,352 )
NET CURRENT ASSETS (LIABILITIES) 82,851 75,122
TOTAL ASSETS LESS CURRENT LIABILITIES 85,398 83,327
NET ASSETS ATTRIBUTABLE TO MEMBERS 85,398 83,327
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 108,233 106,813
Other amounts 435 -
108,668 106,813
Equity
Members' other interests
Other reserves (23,270) (23,486)
(23,270) (23,486)
85,398 83,327
TOTAL MEMBERS' INTEREST
Amounts due from members (53,295) (53,295)
Loans and other debts due to members within one year 108,668 106,813
Members' other interests (23,270) (23,486)
32,103 30,032
Page 1
Page 2
For the period ending 5 April 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 John Jennings
Designated Member
2 January 2025
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
70:20:10 Alliance LLP is a limited liability partnership, incorporated in England & Wales, registered number OC371441 . The Registered Office is The Charmwood Centre Southampton Road, Bartley, Southampton, Hampshire, SO40 2NA.
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:
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 4 (2022: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 18,107
As at 5 April 2024 18,107
Depreciation
As at 1 January 2023 9,902
Provided during the period 5,658
As at 5 April 2024 15,560
Net Book Value
As at 5 April 2024 2,547
As at 1 January 2023 8,205
Page 3
Page 4
5. Debtors
5 April 2024 31 December 2022
£ £
Due within one year
Trade debtors 28,761 -
Amounts due from members 53,295 53,295
82,056 53,295
6. Creditors: Amounts Falling Due Within One Year
5 April 2024 31 December 2022
£ £
Trade creditors 471 472
VAT 115 135
Accruals and deferred income 18,065 31,745
18,651 32,352
Page 4