Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 24 March 2022 false 1 April 2023 31 March 2024 31 March 2024 OC441648 Dr Jonathan Dakin Dr Eleni Dakin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC441648 2023-03-31 OC441648 2024-03-31 OC441648 2023-04-01 2024-03-31 OC441648 frs-core:CurrentFinancialInstruments 2024-03-31 OC441648 frs-core:Non-currentFinancialInstruments 2024-03-31 OC441648 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 OC441648 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 OC441648 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC441648 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC441648 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC441648 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC441648 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC441648 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC441648 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC441648 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC441648 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC441648 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC441648 2022-03-23 OC441648 2023-03-31 OC441648 2022-03-24 2023-03-31 OC441648 frs-core:CurrentFinancialInstruments 2023-03-31 OC441648 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC441648
Trigpoint JHD LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC441648
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,500,000 1,500,000
1,500,000 1,500,000
CURRENT ASSETS
Debtors 4 13,816 -
Cash at bank and in hand 17,122 16,098
30,938 16,098
Creditors: Amounts Falling Due Within One Year 5 (5,960 ) (6,125 )
NET CURRENT ASSETS (LIABILITIES) 24,978 9,973
TOTAL ASSETS LESS CURRENT LIABILITIES 1,524,978 1,509,973
Creditors: Amounts Falling Due After More Than One Year 6 (677,025 ) (677,025 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 847,953 832,948
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 821,804 821,804
Other amounts 26,149 11,144
847,953 832,948
847,953 832,948
TOTAL MEMBERS' INTEREST
Amounts due from members (11,144) -
Loans and other debts due to members within one year 847,953 832,948
836,809 832,948
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
Dr Eleni Dakin
Designated Member
20/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £ £
Profit/(loss) for the financial year available for discretionary division among members 11,144 - - - 11,144
Members' interests after profit/(loss) for the year 11,144 - - - 11,144
Other divisions of profits (losses) (11,144) - 11,144 11,144 -
Introduced by members - 821,804 - 821,804 821,804
Amounts due to members - 821,804 11,144 832,948 -
As at 31 March 2023 and 1 April 2023 - 821,804 11,144 832,948 832,948
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - - -
Profit/(loss) for the financial year available for discretionary division among members 15,005 - - - 15,005
Members' interests after profit/(loss) for the year 15,005 821,804 11,144 832,948 847,953
Other divisions of profits (losses) (15,005) - 15,005 15,005 -
Drawings - - (11,144) (11,144) (11,144)
Amounts due to members - 821,804 26,149 847,953 -
Amounts due from members - - (11,144) (11,144) -
As at 31 March 2024 - 821,804 15,005 836,809 836,809
Page 3
Page 4
Notes to the 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 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.
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 No depreciation
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 2 (2023: 2)
2 2
3. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2023 1,500,000
As at 31 March 2024 1,500,000
Net Book Value
As at 31 March 2024 1,500,000
As at 1 April 2023 1,500,000
Page 4
Page 5
4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 2,672 -
Amounts due from members 11,144 -
13,816 -
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Accruals and deferred income 5,960 6,125
5,960 6,125
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 677,025 677,025
677,025 677,025
7. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024 31 March 2023
£ £
Bank loans and overdrafts 677,025 677,025
8. General Information
Trigpoint JHD LLP is a limited liability partnership, incorporated in England & Wales, registered number OC441648 . The Registered Office is Office 15, Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
Page 5