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 OC401517 G R Asman S Asman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC401517 2023-03-31 OC401517 2024-03-31 OC401517 2023-04-01 2024-03-31 OC401517 frs-core:CurrentFinancialInstruments 2024-03-31 OC401517 frs-core:Non-currentFinancialInstruments 2024-03-31 OC401517 frs-core:ComputerEquipment 2024-03-31 OC401517 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC401517 frs-core:ComputerEquipment 2023-03-31 OC401517 frs-core:FurnitureFittings 2024-03-31 OC401517 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC401517 frs-core:FurnitureFittings 2023-03-31 OC401517 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC401517 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC401517 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC401517 frs-core:PlantMachinery 2024-03-31 OC401517 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC401517 frs-core:PlantMachinery 2023-03-31 OC401517 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC401517 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC401517 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 OC401517 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC401517 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC401517 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC401517 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC401517 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC401517 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC401517 2022-03-31 OC401517 2023-03-31 OC401517 2022-04-01 2023-03-31 OC401517 frs-core:CurrentFinancialInstruments 2023-03-31 OC401517 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC401517
Hidden Spring LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Unaudited Abridged Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC401517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 478,317 490,065
478,317 490,065
CURRENT ASSETS
Stocks 4 229,053 234,870
Debtors 5 169,667 86,876
Cash at bank and in hand 32,462 29,717
431,182 351,463
Creditors: Amounts Falling Due Within One Year 6 (30,328 ) (19,174 )
NET CURRENT ASSETS (LIABILITIES) 400,854 332,289
TOTAL ASSETS LESS CURRENT LIABILITIES 879,171 822,354
Creditors: Amounts Falling Due After More Than One Year 7 (11,200 ) (20,800 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 867,971 801,554
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 835,579 769,162
835,579 769,162
Equity
Members' other interests
Other reserves 32,392 32,392
32,392 32,392
867,971 801,554
TOTAL MEMBERS' INTEREST
Amounts due from members (114,260) (75,698)
...CONTINUED
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Loans and other debts due to members within one year 835,579 769,162
Members' other interests 32,392 32,392
753,711 725,856
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.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
G R Asman
Designated Member
14/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover represents the amounts recoverable for the sale of wine and associated services net of VAT and trade discounts. 
If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenues recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.
1.3. 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 2% on straight line
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33.33% on straight line
1.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 2 (2023: 2)
2 2
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3. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 403,473 234,884 6,659 - 645,016
Additions - 14,500 - 1,166 15,666
As at 31 March 2024 403,473 249,384 6,659 1,166 660,682
Depreciation
As at 1 April 2023 38,428 112,906 3,617 - 154,951
Provided during the period 8,024 18,840 456 94 27,414
As at 31 March 2024 46,452 131,746 4,073 94 182,365
Net Book Value
As at 31 March 2024 357,021 117,638 2,586 1,072 478,317
As at 1 April 2023 365,045 121,978 3,042 - 490,065
4. Stocks
2024 2023
£ £
Finished goods 229,053 234,870
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,413 8,121
VAT 7,965 3,020
Net wages 29 37
Amounts due from members 114,260 75,698
169,667 86,876
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,321 2,620
Bank loans and overdrafts 9,720 9,612
Other taxes and social security 3,699 2,347
Pension payable 338 345
Accruals and deferred income 4,250 4,250
30,328 19,174
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
BBL due > 1 yr 11,200 20,800
11,200 20,800
8. General Information
Hidden Spring LLP is a limited liability partnership, incorporated in England & Wales, registered number OC401517 . The Registered Office is Hidden Spring Vineyard, Vines Cross Road, Horam, Heathfield, East Sussex, TN21 0HG.
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