Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC374867 Miss Rosa BUENA Miss Kiesha BUCHANAN Ms Siobhan DONAGHY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC374867 2023-03-31 OC374867 2024-03-31 OC374867 2023-04-01 2024-03-31 OC374867 frs-core:CurrentFinancialInstruments 2024-03-31 OC374867 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC374867 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC374867 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC374867 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC374867 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC374867 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC374867 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC374867 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC374867 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC374867 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC374867 2022-03-31 OC374867 2023-03-31 OC374867 2022-04-01 2023-03-31 OC374867 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC374867
SACRED THREE LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Livewire Business Management (UK)
1st Floor 17-19 Foley Street
London
W1W 6DW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC374867
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,598,592 557,268
Cash at bank and in hand 72,783 102,749
1,671,375 660,017
Creditors: Amounts Falling Due Within One Year 5 (1,617,496 ) (565,504 )
NET CURRENT ASSETS (LIABILITIES) 53,879 94,513
TOTAL ASSETS LESS CURRENT LIABILITIES 53,879 94,513
NET ASSETS ATTRIBUTABLE TO MEMBERS 53,879 94,513
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 53,879 94,513
53,879 94,513
53,879 94,513
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 53,879 94,513
53,879 94,513
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.
The financial statements were approved by the members on 4 December 2024 and were signed on their behalf by:
Miss Rosa BUENA
Designated Member
Miss Kiesha BUCHANAN
Designated Member
Ms Siobhan DONAGHY
Designated Member
04/12/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SACRED THREE LLP is a limited liability partnership, incorporated in England & Wales, registered number OC374867 . The Registered Office is First Floor 17-19 Foley Street, London, W1W 6DW.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 3)
3 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,510,659 478,452
Other debtors 87,933 78,816
1,598,592 557,268
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 113,153 46,316
Other creditors 1,301,355 355,062
Taxation and social security 202,988 164,126
1,617,496 565,504
Page 3