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 OC340619 Mr Nicholas Baldwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC340619 2023-03-31 OC340619 2024-03-31 OC340619 2023-04-01 2024-03-31 OC340619 frs-core:CurrentFinancialInstruments 2024-03-31 OC340619 frs-core:Non-currentFinancialInstruments 2024-03-31 OC340619 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 OC340619 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-01 2024-03-31 OC340619 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 OC340619 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC340619 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC340619 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC340619 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC340619 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC340619 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC340619 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC340619 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC340619 2022-03-31 OC340619 2023-03-31 OC340619 2022-04-01 2023-03-31 OC340619 frs-core:CurrentFinancialInstruments 2023-03-31 OC340619 frs-core:Non-currentFinancialInstruments 2023-03-31 OC340619 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: OC340619
Spectacular Future LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Nick C Baldwin & Co
Chartered Accountants
Unit 1 Uddens Trading Estate
Wimborne
Dorset
BH21 7LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC340619
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 119,350
- 119,350
CURRENT ASSETS
Debtors 5 225,401 103,953
Cash at bank and in hand 605 471
226,006 104,424
Creditors: Amounts Falling Due Within One Year 6 (5,147 ) (5,412 )
NET CURRENT ASSETS (LIABILITIES) 220,859 99,012
TOTAL ASSETS LESS CURRENT LIABILITIES 220,859 218,362
Creditors: Amounts Falling Due After More Than One Year 7 (58,214 ) (53,950 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 162,645 164,412
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 162,645 164,412
162,645 164,412
162,645 164,412
TOTAL MEMBERS' INTEREST
Amounts due from members (219,952) (1,767)
Loans and other debts due to members within one year 162,645 164,412
(57,307) 162,645
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 Nicholas Baldwin
Designated Member
07/01/2025
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
Spectacular Future LLP is a limited liability partnership, incorporated in England & Wales, registered number OC340619 . The Registered Office is Unit 1 Uddens Trading Estate, Wimborne, Dorset, BH21 7LQ.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2023 119,350
Disposals (119,350 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 119,350
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,449 15,575
Amounts due from members 219,952 1,767
225,401 17,342
Due after more than one year
Other debtors - 86,611
225,401 103,953
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,147 5,228
Accruals and deferred income - 184
5,147 5,412
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 32,675
Other loans 25,963 -
Other creditors 32,251 -
Other creditors (1) - 21,275
58,214 53,950
Page 4