Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 March 2024 31 March 2024 OC427256 Mr Benjamin Assirati Mrs Samantha Assirati iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC427256 2023-05-31 OC427256 2024-03-31 OC427256 2023-06-01 2024-03-31 OC427256 frs-core:CurrentFinancialInstruments 2024-03-31 OC427256 frs-bus:LimitedLiabilityPartnershipLLP 2023-06-01 2024-03-31 OC427256 frs-bus:LimitedLiabilityPartnershipsSORP 2023-06-01 2024-03-31 OC427256 frs-bus:FilletedAccounts 2023-06-01 2024-03-31 OC427256 frs-bus:SmallEntities 2023-06-01 2024-03-31 OC427256 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 OC427256 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-03-31 OC427256 frs-countries:EnglandWales 2023-06-01 2024-03-31 OC427256 frs-bus:PartnerLLP1 2023-06-01 2024-03-31 OC427256 frs-bus:PartnerLLP2 2023-06-01 2024-03-31 OC427256 2022-05-31 OC427256 2023-05-31 OC427256 2022-06-01 2023-05-31 OC427256 frs-core:CurrentFinancialInstruments 2023-05-31
Registered number: OC427256
South Seas Vanilla LLP
Unaudited Financial Statements
For the Period 1 June 2023 to 31 March 2024
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC427256
31 March 2024 31 May 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 3,000 2,413
Debtors 5 5,529 348
8,529 2,761
Creditors: Amounts Falling Due Within One Year 6 (480 ) (2,917 )
NET CURRENT ASSETS (LIABILITIES) 8,049 (156 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,049 (156 )
NET ASSETS/(LIABILITIES) ATTRIBUTABLE TO MEMBERS 8,049 (156 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital 14,757 6,552
Other reserves (6,708) (6,708)
8,049 (156)
TOTAL MEMBERS' INTEREST
Amounts due from members (5,529) (348)
Members' other interests 8,049 (156)
2,520 (504)
Page 1
Page 2
For the period 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 Benjamin Assirati
Designated Member
30 December 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
South Seas Vanilla LLP is a limited liability partnership, incorporated in England & Wales, registered number OC427256 . The Registered Office is Building 233 Portland Port Business Centre, Portland, Dorset, DT5 1PA.
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.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 1 (2023: 1)
1 1
4. Stocks
31 March 2024 31 May 2023
£ £
Stock 3,000 2,413
5. Debtors
31 March 2024 31 May 2023
£ £
Due within one year
Amounts due from members 5,529 348
5,529 348
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 May 2023
£ £
Trade creditors - (1 )
Other creditors - 2,496
Accruals and deferred income 480 422
480 2,917
Page 3