Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC364151 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC364151 2023-03-31 OC364151 2024-03-31 OC364151 2023-04-01 2024-03-31 OC364151 frs-core:CurrentFinancialInstruments 2024-03-31 OC364151 frs-core:Non-currentFinancialInstruments 2024-03-31 OC364151 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC364151 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC364151 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC364151 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC364151 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC364151 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC364151 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC364151 2022-03-31 OC364151 2023-03-31 OC364151 2022-04-01 2023-03-31 OC364151 frs-core:CurrentFinancialInstruments 2023-03-31 OC364151 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC364151
CSW LEGACY LLP
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC364151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 459,995 409,995
459,995 409,995
CURRENT ASSETS
Debtors 5 44,681 59,592
Cash at bank and in hand 8,939 15,861
53,620 75,453
Creditors: Amounts Falling Due Within One Year 6 (122,988 ) (125,631 )
NET CURRENT ASSETS (LIABILITIES) (69,368 ) (50,178 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,627 359,817
Creditors: Amounts Falling Due After More Than One Year 7 (39,671 ) (58,861 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 350,956 300,956
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 300,956 300,956
300,956 300,956
Equity
Members' other interests
Revaluation reserve 50,000 -
50,000 -
350,956 300,956
TOTAL MEMBERS' INTEREST
Amounts due from members (42,415) (58,519)
Loans and other debts due to members within one year 300,956 300,956
Members' other interests 50,000 -
308,541 242,437
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 David Walker
Partner
4 October 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
CSW LEGACY LLP is a limited liability partnership, incorporated in , registered number OC364151 . The Registered Office is C/O Keith Willis Associates, Gothic House, Barker Gate, Nottingham, NG1 1JU.
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. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 409,995
Revaluations 50,000
As at 31 March 2024 459,995
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 632 -
Prepayments and accrued income 1,634 1,073
Amounts due from members 42,415 58,519
44,681 59,592
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 19,925 19,925
Other creditors 100,008 100,008
Accruals and deferred income 3,055 5,698
122,988 125,631
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,671 58,861
39,671 58,861
The long-term loans are secured by fixed charges over the investment properties.
Page 4