Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 6 October 2022 false 1 April 2023 31 March 2024 31 March 2024 OC444159 Mr Jack Yerou Mr John Yerou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC444159 2023-03-31 OC444159 2024-03-31 OC444159 2023-04-01 2024-03-31 OC444159 frs-core:CurrentFinancialInstruments 2024-03-31 OC444159 frs-core:Non-currentFinancialInstruments 2024-03-31 OC444159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC444159 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC444159 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC444159 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC444159 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC444159 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC444159 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC444159 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC444159 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC444159 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC444159 2022-10-05 OC444159 2023-03-31 OC444159 2022-10-06 2023-03-31 OC444159 frs-core:CurrentFinancialInstruments 2023-03-31 OC444159 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC444159
Aderfia LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ascot Sinclair Associates Ltd
Chartered Certified Accountants
Avondale House
262 Uxbridge Road
Hatch End
Middlesex
HA5 4HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC444159
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,050,000 3,050,000
3,050,000 3,050,000
CURRENT ASSETS
Debtors 5 4,500 9,765
Cash at bank and in hand 16,181 37,356
20,681 47,121
Creditors: Amounts Falling Due Within One Year 6 - (3,886 )
NET CURRENT ASSETS (LIABILITIES) 20,681 43,235
TOTAL ASSETS LESS CURRENT LIABILITIES 3,070,681 3,093,235
Creditors: Amounts Falling Due After More Than One Year 7 (77,807 ) (84,880 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,992,874 3,008,355
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 27,068 42,549
27,068 42,549
Equity
Members' other interests
Members' capital 2,965,806 2,965,806
2,965,806 2,965,806
2,992,874 3,008,355
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 27,068 42,549
Members' other interests 2,965,806 2,965,806
2,992,874 3,008,355
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
Mr Jack Yerou
Designated Member
Mr John Yerou
Designated Member
31/12/2024
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
Aderfia LLP is a limited liability partnership, incorporated in England & Wales, registered number OC444159 . The Registered Office is Avondale House, 262 Uxbridge Road, Pinner, Middlesex, HA5 4HS.
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:
The Partnership exercises a true and fair overide in relation to Freehold Property. Freehold property is not depreciated because the properties are maintained to such a high standard as to be considered to have an indefinite useful economic life.
Freehold Freehold property is not depreciated
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Investment Property
31 March 2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 3,050,000
Page 3
Page 4
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 4,500 9,765
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Accruals and deferred income - 3,886
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 77,807 84,880
Page 4