Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 November 2021 false 1 May 2023 30 April 2024 30 April 2024 OC306338 C Sellar P Sellar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC306338 2023-04-30 OC306338 2024-04-30 OC306338 2023-05-01 2024-04-30 OC306338 frs-core:CurrentFinancialInstruments 2024-04-30 OC306338 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC306338 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC306338 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC306338 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC306338 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC306338 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC306338 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC306338 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC306338 frs-bus:PartnerLLP2 2023-05-01 2024-04-30 OC306338 2021-10-31 OC306338 2023-04-30 OC306338 2021-11-01 2023-04-30 OC306338 frs-core:CurrentFinancialInstruments 2023-04-30
Registered number: OC306338
RRHE LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC306338
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 3,500 3,500
Cash at bank and in hand 249 1,593
3,749 5,093
Creditors: Amounts Falling Due Within One Year 5 (832,138 ) (799,185 )
NET CURRENT ASSETS (LIABILITIES) (828,389 ) (794,092 )
TOTAL ASSETS LESS CURRENT LIABILITIES (828,389 ) (794,092 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (828,389 ) (794,092 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (828,449) (794,152)
(828,449) (794,152)
Equity
Members' other interests
Members' capital 60 60
60 60
(828,389) (794,092)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year (828,449) (794,152)
Members' other interests 60 60
(828,389) (794,092)
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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
C Sellar
Designated Member
22/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RRHE LLP is a limited liability partnership, incorporated in England & Wales, registered number OC306338 . The Registered Office is Ground Floor, Threeways House, 40-44 Clipstone Street, London, W1W 5DW.
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. 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:
2.3. 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.
2.4. Financial Instruments
The limited liability partnership only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the limited liability partnership would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.5. Debtors and Creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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2.6. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.7. Tax provisions
The taxation payable on profits is the personal liability of the members during the year.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Prepayments and accrued income 3,500 3,500
5. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Accruals and deferred income 5,000 4,200
Amounts owed to related parties 827,138 794,985
832,138 799,185
6. Contingent Liabilities
The partnership has entered into a loan agreement jointly with RRHB LLP, RRHS LLP and all three are responsible for the debt. The balance of the loan at 30 April 2024 is £1,715,985.
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