Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 26 January 2022 false 1 April 2023 31 March 2024 31 March 2024 OC440804 Mr Marc Dempsey Mrs Rachel Dempsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC440804 2023-03-31 OC440804 2024-03-31 OC440804 2023-04-01 2024-03-31 OC440804 frs-core:CurrentFinancialInstruments 2024-03-31 OC440804 frs-core:PlantMachinery 2024-03-31 OC440804 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC440804 frs-core:PlantMachinery 2023-03-31 OC440804 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC440804 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC440804 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC440804 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC440804 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC440804 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC440804 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC440804 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC440804 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC440804 2022-01-25 OC440804 2023-03-31 OC440804 2022-01-26 2023-03-31 OC440804 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC440804
Dempsey Developments LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Whitefield Tax Limited
Chartered Certified Accountants and Registered Auditor
Arnold House
2 New Road
Brading
Isle Of Wight
PO36 0DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC440804
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,205 85,443
65,205 85,443
CURRENT ASSETS
Debtors 5 889,163 261,339
Cash at bank and in hand 13,222 -
902,385 261,339
Creditors: Amounts Falling Due Within One Year 6 (197,329 ) (166,013 )
NET CURRENT ASSETS (LIABILITIES) 705,056 95,326
TOTAL ASSETS LESS CURRENT LIABILITIES 770,261 180,769
NET ASSETS ATTRIBUTABLE TO MEMBERS 770,261 180,769
REPRESENTED BY:
Equity
Members' other interests
Members' capital (157,161) 138,772
Other reserves 927,422 41,997
770,261 180,769
TOTAL MEMBERS' INTEREST
Members' other interests 770,261 180,769
770,261 180,769
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 Marc Dempsey
Designated Member
23 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
Dempsey Developments LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440804 . The Registered Office is Arnold House, 2 New Road, Brading, Isle of Wight, PO36 0DT.
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. 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:
Plant & Machinery 25% Reducing balance
3. Average Number of Employees
There were no employees during the year.  NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 113,924
Additions 1,497
As at 31 March 2024 115,421
Depreciation
As at 1 April 2023 28,481
Provided during the period 21,735
As at 31 March 2024 50,216
Net Book Value
As at 31 March 2024 65,205
As at 1 April 2023 85,443
Page 3
Page 4
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 115,026 130,790
Other debtors 767,676 130,549
VAT 6,461 -
889,163 261,339
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 172,789 83,174
Bank loans and overdrafts - 11,443
Other taxes and social security 10,468 9,121
VAT - 62,275
Other creditors 14,072 -
197,329 166,013
Page 4