Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 OC411568 Mr Adrian Powell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC411568 2023-04-30 OC411568 2024-04-30 OC411568 2023-05-01 2024-04-30 OC411568 frs-core:CurrentFinancialInstruments 2024-04-30 OC411568 frs-core:Non-currentFinancialInstruments 2024-04-30 OC411568 frs-core:BetweenOneFiveYears 2024-04-30 OC411568 frs-core:MoreThanFiveYears 2024-04-30 OC411568 frs-core:MotorVehicles 2024-04-30 OC411568 frs-core:MotorVehicles 2023-05-01 2024-04-30 OC411568 frs-core:MotorVehicles 2023-04-30 OC411568 frs-core:PlantMachinery 2024-04-30 OC411568 frs-core:PlantMachinery 2023-05-01 2024-04-30 OC411568 frs-core:PlantMachinery 2023-04-30 OC411568 frs-core:WithinOneYear 2024-04-30 OC411568 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC411568 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC411568 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC411568 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC411568 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC411568 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC411568 frs-core:CurrentFinancialInstruments 1 2024-04-30 OC411568 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC411568 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC411568 2022-04-30 OC411568 2023-04-30 OC411568 2022-05-01 2023-04-30 OC411568 frs-core:CurrentFinancialInstruments 2023-04-30 OC411568 frs-core:Non-currentFinancialInstruments 2023-04-30 OC411568 frs-core:BetweenOneFiveYears 2023-04-30 OC411568 frs-core:MoreThanFiveYears 2023-04-30 OC411568 frs-core:WithinOneYear 2023-04-30 OC411568 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: OC411568
Proelium Law LLP
Financial Statements
For The Year Ended 30 April 2024
Lsd Accountants Ltd
Chartered Accountants
23 Stockwood Business Park
Redditch
Worcestershire
B96 6SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC411568
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,089 38,678
86,089 38,678
CURRENT ASSETS
Debtors 5 131,520 133,720
Cash at bank and in hand 399,819 332,818
531,339 466,538
Creditors: Amounts Falling Due Within One Year 6 (144,814 ) (138,052 )
NET CURRENT ASSETS (LIABILITIES) 386,525 328,486
TOTAL ASSETS LESS CURRENT LIABILITIES 472,614 367,164
Creditors: Amounts Falling Due After More Than One Year 7 (56,643 ) (22,532 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 415,971 344,632
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 48,986 48,986
Other amounts 617,149 381,655
666,135 430,641
Equity
Members' other interests
Members' capital (329,241) (165,086)
Other reserves 79,077 79,077
(250,164) (86,009)
415,971 344,632
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 666,135 430,641
Members' other interests (250,164) (86,009)
415,971 344,632
Page 1
Page 2
For the year ending 30 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 Adrian Powell
Designated Member
09/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Proelium Law LLP is a limited liability partnership, incorporated in England & Wales, registered number OC411568 . The Registered Office is 35 New Broad Street, London, EC2M 1NH.
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.
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:
Plant & Machinery Depreciation - 20% on SLM ( 5 years )
Motor Vehicles Depreciation - 25% on SLM
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 76,633 - 76,633
Additions 8,695 67,443 76,138
As at 30 April 2024 85,328 67,443 152,771
Depreciation
As at 1 May 2023 37,955 - 37,955
Provided during the period 12,569 16,158 28,727
As at 30 April 2024 50,524 16,158 66,682
Net Book Value
As at 30 April 2024 34,804 51,285 86,089
As at 1 May 2023 38,678 - 38,678
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,821 98,333
Prepayments and accrued income 93,799 31,593
Deposits 2,900 3,794
131,520 133,720
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,607 -
Trade creditors 18,527 12,883
Bank loans and overdrafts 10,205 9,781
Other taxes and social security - 2,573
VAT 21,724 18,103
Other creditors 37,637 11,043
Pension payable 414 627
Accruals and deferred income 47,700 2,700
Sales Ledger credit balance - 80,342
144,814 138,052
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,471 -
Bank loans 12,172 22,532
56,643 22,532
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,607 -
Later than one year and not later than five years 34,429 -
Later than five years 10,042 -
53,078 -
53,078 -
Page 5