Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 OC355649 Mrs Paula Willmore Mr Andrew Iles true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC355649 2023-07-31 OC355649 2024-07-31 OC355649 2023-08-01 2024-07-31 OC355649 frs-core:FurnitureFittings 2024-07-31 OC355649 frs-core:FurnitureFittings 2023-08-01 2024-07-31 OC355649 frs-core:FurnitureFittings 2023-07-31 OC355649 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC355649 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC355649 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC355649 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC355649 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC355649 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC355649 1 2023-08-01 2024-07-31 OC355649 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC355649 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC355649 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC355649 2022-07-31 OC355649 2023-07-31 OC355649 2022-08-01 2023-07-31 OC355649 frs-core:CurrentFinancialInstruments 2023-07-31
Registered number: OC355649
Agora Develop LLP
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC355649
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 713,923 708,199
713,923 708,199
CURRENT ASSETS
Cash at bank and in hand 1,755 14,488
1,755 14,488
Creditors: Amounts Falling Due Within One Year 6 (1,572 ) (2,143 )
NET CURRENT ASSETS (LIABILITIES) 183 12,345
TOTAL ASSETS LESS CURRENT LIABILITIES 714,106 720,544
NET ASSETS ATTRIBUTABLE TO MEMBERS 714,106 720,544
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 714,106 720,544
714,106 720,544
714,106 720,544
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 714,106 720,544
714,106 720,544
Page 1
Page 2
For the year ending 31 July 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
Mrs Paula Willmore
Designated Member
Mr Andrew Iles
Designated Member
17 January 2025
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
Agora Develop LLP is a limited liability partnership, incorporated in England & Wales, registered number OC355649 . The Registered Office is 267 Hotwell Road, Hotwells, Bristol, BS8 4SF.
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. 
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:
Fixtures & Fittings 33% on cost
2.4. 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 and changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 9,651
As at 31 July 2024 9,651
Depreciation
As at 1 August 2023 9,651
As at 31 July 2024 9,651
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 708,199
Additions 5,724
As at 31 July 2024 713,923
The investment property was valued at £700,000 on an open market basis at 31 July 2022 by the members of the LLP.  The increase in the value of the property during the year ended 31 July 2024 was £5,724 (2023 - £8,199).
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 1,572 2,142
1,572 2,143
7. Related Party Transactions
At the balance sheet date, the LLP owed Willmore Iles Architects Limited, a company of which the members are also directors, £222 (2023 - £222).  During the year, the LLP received rental income of £57,068 (2023 - £57,068) from Willmore Iles Architects Limited.
These transactions were deemed to be at arm's length.  
8. Ultimate Controlling Party
In the opinion of the members, there is no single overall controlling party.
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