Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 31 March 2024 31 March 2024 SO301137 Mrs C Smith Miss E Waugh Miss R Waugh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO301137 2023-04-30 SO301137 2024-03-31 SO301137 2023-05-01 2024-03-31 SO301137 frs-core:CurrentFinancialInstruments 2024-03-31 SO301137 frs-core:Non-currentFinancialInstruments 2024-03-31 SO301137 frs-core:BetweenOneFiveYears 2024-03-31 SO301137 frs-core:FurnitureFittings 2024-03-31 SO301137 frs-core:FurnitureFittings 2023-05-01 2024-03-31 SO301137 frs-core:FurnitureFittings 2023-04-30 SO301137 frs-core:NetGoodwill 2024-03-31 SO301137 frs-core:NetGoodwill 2023-05-01 2024-03-31 SO301137 frs-core:NetGoodwill 2023-04-30 SO301137 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SO301137 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-03-31 SO301137 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 SO301137 frs-core:MoreThanFiveYears 2024-03-31 SO301137 frs-core:PlantMachinery 2023-05-01 2024-03-31 SO301137 frs-core:WithinOneYear 2024-03-31 SO301137 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 SO301137 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-03-31 SO301137 frs-bus:FilletedAccounts 2023-05-01 2024-03-31 SO301137 frs-bus:SmallEntities 2023-05-01 2024-03-31 SO301137 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 SO301137 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 SO301137 frs-countries:Scotland 2023-05-01 2024-03-31 SO301137 frs-bus:PartnerLLP1 2023-05-01 2024-03-31 SO301137 frs-bus:PartnerLLP2 2023-05-01 2024-03-31 SO301137 frs-bus:PartnerLLP3 2023-05-01 2024-03-31 SO301137 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-04-30 SO301137 2022-04-30 SO301137 2023-04-30 SO301137 2022-05-01 2023-04-30 SO301137 frs-core:CurrentFinancialInstruments 2023-04-30 SO301137 frs-core:Non-currentFinancialInstruments 2023-04-30 SO301137 frs-core:BetweenOneFiveYears 2023-04-30 SO301137 frs-core:MoreThanFiveYears 2023-04-30 SO301137 frs-core:WithinOneYear 2023-04-30
Registered number: SO301137
Arden Property Management LLP
Unaudited Financial Statements
For the Period 1 May 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SO301137
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 33,583 62,000
Tangible Assets 5 89,915 97,251
123,498 159,251
CURRENT ASSETS
Debtors 6 63,123 84,938
Cash at bank and in hand 42,902 6,158
106,025 91,096
Creditors: Amounts Falling Due Within One Year 7 (45,864 ) (59,395 )
NET CURRENT ASSETS (LIABILITIES) 60,161 31,701
TOTAL ASSETS LESS CURRENT LIABILITIES 183,659 190,952
Creditors: Amounts Falling Due After More Than One Year 8 (40,540 ) (55,212 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 143,119 135,740
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 143,119 135,740
143,119 135,740
143,119 135,740
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 143,119 135,740
143,119 135,740
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
Mrs C Smith
Designated Member
29 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arden Property Management LLP is a limited liability partnership, incorporated in Scotland, registered number SO301137 . The Registered Office is 43 Morningside Road, Edinburgh, EH10 4DR.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Leasehold in accordance with the property
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
3. Average Number of Employees
Average number of employees during the period was: 8 (2023: 7)
8 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 332,881
As at 31 March 2024 332,881
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 May 2023 270,881
Provided during the period 28,417
As at 31 March 2024 299,298
Net Book Value
As at 31 March 2024 33,583
As at 1 May 2023 62,000
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 108,707 6,834 115,541
Additions - 5,036 5,036
As at 31 March 2024 108,707 11,870 120,577
Depreciation
As at 1 May 2023 14,871 3,419 18,290
Provided during the period 9,965 2,407 12,372
As at 31 March 2024 24,836 5,826 30,662
Net Book Value
As at 31 March 2024 83,871 6,044 89,915
As at 1 May 2023 93,836 3,415 97,251
6. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Trade debtors 46,321 62,660
Prepayments and accrued income 6,552 6,408
Other debtors 10,250 15,870
63,123 84,938
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Trade creditors 3,351 9,306
Bank loans and overdrafts 17,143 17,143
Other taxes and social security 1,105 4,231
VAT 19,771 27,319
Other creditors 4,494 1,396
45,864 59,395
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 April 2023
£ £
Bank loans 40,540 55,212
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 March 2024 30 April 2023
£ £
Bank loans - 5,149
9. Secured Creditors
Of the creditors the following amounts are secured. The loan is secured via a bond and floating charge over the assets of the LLP and also by personal guarantee from Mrs C Smith.
31 March 2024 30 April 2023
£ £
Bank loans and overdrafts 35,259 40,864
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 30 April 2023
£ £
Not later than one year 36,000 36,000
Later than one year and not later than five years 144,000 144,000
Later than five years 58,500 94,500
238,500 274,500
11. Loans and other debts due to members
Page 5
Page 6
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'
Page 6