Acorah Software Products - Accounts Production 16.1.300 true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SO306332 Drever & Heddle Trustees Ltd. S Sutherland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO306332 2023-09-30 SO306332 2024-09-30 SO306332 2023-10-01 2024-09-30 SO306332 frs-core:CurrentFinancialInstruments 2024-09-30 SO306332 frs-core:Non-currentFinancialInstruments 2024-09-30 SO306332 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 SO306332 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-09-30 SO306332 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SO306332 frs-bus:SmallEntities 2023-10-01 2024-09-30 SO306332 frs-bus:EntityNoLongerTradingButTradedInPast 2023-10-01 2024-09-30 SO306332 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SO306332 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SO306332 frs-countries:Scotland 2023-10-01 2024-09-30 SO306332 frs-bus:PartnerLLP1 2023-10-01 2024-09-30 SO306332 frs-bus:PartnerLLP2 2023-10-01 2024-09-30 SO306332 2022-09-30 SO306332 2023-09-30 SO306332 2022-10-01 2023-09-30 SO306332 frs-core:CurrentFinancialInstruments 2023-09-30 SO306332 frs-core:Non-currentFinancialInstruments 2023-09-30
Registered number: SO306332
Drever & Heddle LLP
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO306332
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 16,669 26,669
16,669 26,669
Creditors: Amounts Falling Due Within One Year 5 (10,332 ) (10,077 )
NET CURRENT ASSETS (LIABILITIES) 6,337 16,592
TOTAL ASSETS LESS CURRENT LIABILITIES 6,337 16,592
Creditors: Amounts Falling Due After More Than One Year 6 (6,334 ) (16,589 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 3 3
REPRESENTED BY:
Loans and other debts due to members within one year
- -
Equity
Members' other interests
Members' capital 2 2
Other reserves 1 1
3 3
TOTAL MEMBERS' INTEREST
Members' other interests 3 3
3 3
Page 1
Page 2
For the year ending 30 September 2024 the LLP was entitled to exemption from audit under section 480 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to dormant LLPs.
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
S Sutherland
Designated Member
20/01/2025
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
Drever & Heddle LLP is a limited liability partnership, incorporated in Scotland, registered number SO306332 . The Registered Office is 56a Albert Street, Kirkwall, Orkney, KW15 1HQ.
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. Financial Instruments
The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 16,667 26,667
Other debtors 2 2
16,669 26,669
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,332 10,077
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,334 16,589
Page 4