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 OC315927 Mr Patrick Gatenby Ms Judith Atchison Gatenby Associates Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC315927 2023-04-30 OC315927 2024-04-30 OC315927 2023-05-01 2024-04-30 OC315927 frs-core:CurrentFinancialInstruments 2024-04-30 OC315927 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC315927 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC315927 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC315927 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC315927 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC315927 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC315927 frs-core:CurrentFinancialInstruments 1 2024-04-30 OC315927 frs-core:CurrentFinancialInstruments 4 2024-04-30 OC315927 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC315927 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC315927 frs-bus:PartnerLLP2 2023-05-01 2024-04-30 OC315927 frs-bus:PartnerLLP3 2023-05-01 2024-04-30 OC315927 2022-04-30 OC315927 2023-04-30 OC315927 2022-05-01 2023-04-30 OC315927 frs-core:CurrentFinancialInstruments 2023-04-30 OC315927 frs-core:CurrentFinancialInstruments 1 2023-04-30 OC315927 frs-core:CurrentFinancialInstruments 2 2023-04-30 OC315927 frs-core:CurrentFinancialInstruments 4 2023-04-30
Registered number: OC315927
The Orcid Partnership LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
DH Business Support
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC315927
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 12,000 14,976
Cash at bank and in hand 66,577 74,223
78,577 89,199
Creditors: Amounts Falling Due Within One Year 5 (34,970 ) (44,566 )
NET CURRENT ASSETS (LIABILITIES) 43,607 44,633
TOTAL ASSETS LESS CURRENT LIABILITIES 43,607 44,633
NET ASSETS ATTRIBUTABLE TO MEMBERS 43,607 44,633
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 20,609 20,609
20,609 20,609
Equity
Members' other interests
Members' capital 100 100
Other reserves 22,898 23,924
22,998 24,024
43,607 44,633
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 20,609 20,609
Members' other interests 22,998 24,024
43,607 44,633
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 Patrick Gatenby
Designated Member
14/01/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Orcid Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC315927 . The Registered Office is 49 Jamaica Street, Liverpool, L1 0AH.
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: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,000 14,976
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,390 18,176
Bank loans and overdrafts - 17
VAT 2,477 9,270
Other creditors 4,399 -
Partner Account - Judy Atchison 6,628 6,628
Partner Account - Louise Gatenby - 4,399
Partner Account - Patrick Gatenby 6,076 6,076
34,970 44,566
Page 3